CLOU vs. WCLD

Last updated Jun 23, 2026

CLOU (Global X Cloud Computing ETF) and WCLD (WisdomTree Cloud Computing Fund) are both Technology Equities funds - CLOU tracks the Indxx Global Cloud Computing Index while WCLD tracks the BVP Nasdaq Emerging Cloud Index. Both are passively managed. Over the past 5 years, CLOU returned -5.15%/yr vs -12.45%/yr for WCLD. With a 0.95 correlation, they move nearly in lockstep. CLOU charges 0.68%/yr vs 0.45%/yr for WCLD.

Performance

CLOU vs. WCLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Cloud Computing ETF (CLOU) and WisdomTree Cloud Computing Fund (WCLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CLOU achieves a -5.35% return, which is significantly higher than WCLD's -17.34% return.

CLOU

• 1D: -1.56%
• 1M: -6.38%
• YTD: -5.35%
• 6M: -7.40%
• 1Y: -5.01%
• 3Y*: 3.43%
• 5Y*: -5.15%
• 10Y*: —

WCLD

• 1D: -2.07%
• 1M: -4.21%
• YTD: -17.34%
• 6M: -19.59%
• 1Y: -16.51%
• 3Y*: -1.99%
• 5Y*: -12.45%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CLOU vs. WCLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CLOU Global X Cloud Computing ETF	-5.35%	-5.59%	5.74%	41.36%	-39.56%	-3.27%	77.18%	-1.04%
WCLD WisdomTree Cloud Computing Fund	-17.34%	-6.69%	7.35%	39.35%	-51.64%	-3.21%	109.71%	0.84%

Correlation

The correlation between CLOU and WCLD is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Sep 6, 2019	0.95

The correlation between CLOU and WCLD has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

CLOU vs. WCLD - Sectors Allocation Comparison

Sectors	CLOU	WCLD
Technology	90.7%	97.3%
Communication Services	4.0%	2.5%
Real Estate	3.2%	-
Consumer Cyclical	2.0%	-
Healthcare	0.6%	2.7%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Industrials	-	-
Utilities	-	-

Return for Risk

CLOU vs. WCLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLOU

CLOU Risk / Return Rank: 7
CLOU Sharpe Ratio Rank: 7
CLOU Sortino Ratio Rank: 7
CLOU Omega Ratio Rank: 7
CLOU Calmar Ratio Rank: 7
CLOU Martin Ratio Rank: 7

WCLD

WCLD Risk / Return Rank: 5
WCLD Sharpe Ratio Rank: 5
WCLD Sortino Ratio Rank: 5
WCLD Omega Ratio Rank: 5
WCLD Calmar Ratio Rank: 5
WCLD Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CLOU vs. WCLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Cloud Computing ETF (CLOU) and WisdomTree Cloud Computing Fund (WCLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CLOU	WCLD	Difference
Sharpe ratio: Return per unit of total volatility	-0.17	-0.47	+0.30
Sortino ratio: Return per unit of downside risk	-0.03	-0.47	+0.43
Omega ratio: Gain probability vs. loss probability	1.00	0.94	+0.05
Calmar ratio: Return relative to maximum drawdown	-0.18	-0.48	+0.29
Martin ratio: Return relative to average drawdown	-0.44	-1.09	+0.65

CLOU vs. WCLD - Sharpe Ratio Comparison

The current CLOU Sharpe Ratio is -0.17, which is higher than the WCLD Sharpe Ratio of -0.47. The chart below compares the historical Sharpe Ratios of CLOU and WCLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CLOU vs. WCLD - Drawdown Comparison

The maximum CLOU drawdown since its inception was -53.74%, smaller than the maximum WCLD drawdown of -64.90%. Use the drawdown chart below to compare losses from any high point for CLOU and WCLD.

Drawdown Indicators

	CLOU	WCLD	Difference
Max Drawdown Largest peak-to-trough decline	-53.74%	-64.90%	+11.16%
Max Drawdown (1Y) Largest decline over 1 year	-27.24%	-34.68%	+7.44%
Max Drawdown (3Y) Largest decline over 3 years	-33.18%	-42.06%	+8.88%
Max Drawdown (5Y) Largest decline over 5 years	-53.74%	-64.90%	+11.16%
Current Drawdown Current decline from peak	-32.21%	-55.70%	+23.49%
Average Drawdown Average peak-to-trough decline	-24.43%	-35.65%	+11.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.40%	15.14%	-3.74%

Volatility

CLOU vs. WCLD - Volatility Comparison

The current volatility for Global X Cloud Computing ETF (CLOU) is 13.73%, while WisdomTree Cloud Computing Fund (WCLD) has a volatility of 15.36%. This indicates that CLOU experiences smaller price fluctuations and is considered to be less risky than WCLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLOU	WCLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.73%	15.36%	-1.63%
Volatility (6M) Calculated over the trailing 6-month period	25.34%	30.45%	-5.11%
Volatility (1Y) Calculated over the trailing 1-year period	29.95%	35.27%	-5.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.64%	37.46%	-6.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.77%	37.41%	-6.64%

CLOU vs. WCLD - Expense Ratio Comparison

CLOU has a 0.68% expense ratio, which is higher than WCLD's 0.45% expense ratio.

Dividends

CLOU vs. WCLD - Dividend Comparison

Neither CLOU nor WCLD has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CLOU Global X Cloud Computing ETF	0.00%	0.00%	0.00%	0.00%	0.00%	1.76%	0.00%	0.05%
WCLD WisdomTree Cloud Computing Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CLOU and WCLD in my portfolio?

With a correlation of 0.93, CLOU and WCLD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CLOU or WCLD?

WCLD has higher volatility (15.36%) compared to CLOU (13.73%). In terms of maximum drawdown, CLOU dropped -53.74% vs WCLD's -64.90%.

Which ETF is better, CLOU or WCLD?

On 5-year performance, CLOU leads with -5.15% vs -12.45% for WCLD. On fees, WCLD is cheaper at 0.45% per year. On volatility, CLOU has been the lower-risk option at 13.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CLOU or WCLD?

Over the 5-year period, CLOU has performed better with a -5.15% return vs -12.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CLOU or WCLD?

WCLD is cheaper with a 0.45% expense ratio, compared with 0.68% for CLOU.

Which ETF pays a higher dividend yield, CLOU or WCLD?

CLOU and WCLD have nearly identical dividend yields, around 0.00%.

What is the main difference between CLOU and WCLD?

CLOU tracks Indxx Global Cloud Computing Index, while WCLD tracks BVP Nasdaq Emerging Cloud Index. They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.68% for CLOU and 0.45% for WCLD.

Which has better risk-adjusted returns?

CLOU currently has the higher Sharpe Ratio (-0.17 vs -0.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.