DRIV vs. WCLD

Last updated Jul 14, 2026

DRIV (Global X Autonomous & Electric Vehicles ETF) and WCLD (WisdomTree Cloud Computing Fund) are both exchange-traded funds - DRIV is a Global Equities fund tracking the Solactive Autonomous & Electric Vehicles Index, while WCLD is a Technology Equities fund tracking the BVP Nasdaq Emerging Cloud Index. Both are passively managed. Over the past 5 years, DRIV returned 6.14%/yr vs -8.91%/yr for WCLD. A 0.59 correlation means they provide meaningful diversification when combined. DRIV charges 0.68%/yr vs 0.45%/yr for WCLD.

Performance

DRIV vs. WCLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Autonomous & Electric Vehicles ETF (DRIV) 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, DRIV achieves a 19.80% return, which is significantly higher than WCLD's -1.20% return.

DRIV

• 1D: -3.20%
• 1M: -10.86%
• 6M: 10.03%
• YTD: 19.80%
• 1Y: 47.28%
• 3Y*: 11.07%
• 5Y*: 6.14%
• 10Y*: —

WCLD

• 1D: 2.16%
• 1M: 13.00%
• 6M: -0.14%
• YTD: -1.20%
• 1Y: -0.35%
• 3Y*: 1.37%
• 5Y*: -8.91%
• 10Y*: —

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

DRIV vs. WCLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DRIV Global X Autonomous & Electric Vehicles ETF	19.80%	30.42%	-5.04%	26.14%	-34.13%	27.80%	62.76%	14.32%
WCLD WisdomTree Cloud Computing Fund	-1.20%	-6.69%	7.35%	39.35%	-51.64%	-3.21%	109.71%	0.84%

Correlation

The correlation between DRIV and WCLD is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Sep 6, 2019	0.59

Over the past year, the correlation between DRIV and WCLD has dropped to 0.23 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.

DRIV vs. WCLD - Sectors Allocation Comparison

Sectors	DRIV	WCLD
Technology	37.3%	97.3%
Consumer Cyclical	25.3%	-
Industrials	18.0%	-
Basic Materials	13.7%	-
Communication Services	5.7%	2.5%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	2.7%
Real Estate	-	-
Utilities	-	-

Return for Risk

DRIV vs. WCLD — Risk / Return Rank

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

DRIV

DRIV Risk / Return Rank: 63
DRIV Sharpe Ratio Rank: 64
DRIV Sortino Ratio Rank: 58
DRIV Omega Ratio Rank: 57
DRIV Calmar Ratio Rank: 71
DRIV Martin Ratio Rank: 65

WCLD

WCLD Risk / Return Rank: 10
WCLD Sharpe Ratio Rank: 9
WCLD Sortino Ratio Rank: 10
WCLD Omega Ratio Rank: 10
WCLD Calmar Ratio Rank: 9
WCLD Martin Ratio Rank: 9

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.

DRIV vs. WCLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Autonomous & Electric Vehicles ETF (DRIV) 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.

	DRIV	WCLD	Difference
Sharpe ratio: Return per unit of total volatility	1.67	-0.01	+1.68
Sortino ratio: Return per unit of downside risk	2.18	0.24	+1.94
Omega ratio: Gain probability vs. loss probability	1.28	1.03	+0.25
Calmar ratio: Return relative to maximum drawdown	2.85	-0.01	+2.86
Martin ratio: Return relative to average drawdown	9.25	-0.02	+9.27

DRIV vs. WCLD - Sharpe Ratio Comparison

The current DRIV Sharpe Ratio is 1.67, which is higher than the WCLD Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of DRIV 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

DRIV vs. WCLD - Drawdown Comparison

The maximum DRIV drawdown since its inception was -41.93%, smaller than the maximum WCLD drawdown of -64.90%. Use the drawdown chart below to compare losses from any high point for DRIV and WCLD.

Drawdown Indicators

	DRIV	WCLD	Difference
Max Drawdown Largest peak-to-trough decline	-41.93%	-64.90%	+22.97%
Max Drawdown (1Y) Largest decline over 1 year	-16.67%	-34.68%	+18.01%
Max Drawdown (3Y) Largest decline over 3 years	-34.18%	-42.06%	+7.88%
Max Drawdown (5Y) Largest decline over 5 years	-41.93%	-64.90%	+22.97%
Current Drawdown Current decline from peak	-16.67%	-47.05%	+30.38%
Average Drawdown Average peak-to-trough decline	-15.06%	-35.77%	+20.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.12%	15.42%	-10.30%

Volatility

DRIV vs. WCLD - Volatility Comparison

Global X Autonomous & Electric Vehicles ETF (DRIV) has a higher volatility of 11.78% compared to WisdomTree Cloud Computing Fund (WCLD) at 9.75%. This indicates that DRIV's price experiences larger fluctuations and is considered to be riskier than WCLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRIV	WCLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.78%	9.75%	+2.03%
Volatility (6M) Calculated over the trailing 6-month period	23.73%	31.29%	-7.56%
Volatility (1Y) Calculated over the trailing 1-year period	28.47%	35.98%	-7.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.77%	37.65%	-9.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.69%	37.42%	-9.73%

DRIV vs. WCLD - Expense Ratio Comparison

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

Dividends

DRIV vs. WCLD - Dividend Comparison

DRIV's dividend yield for the trailing twelve months is around 0.62%, while WCLD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DRIV Global X Autonomous & Electric Vehicles ETF	0.62%	1.07%	2.07%	1.62%	1.24%	0.32%	0.29%	1.23%	2.79%
WCLD WisdomTree Cloud Computing Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DRIV and WCLD in my portfolio?

DRIV and WCLD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRIV or WCLD?

DRIV has higher volatility (11.78%) compared to WCLD (9.75%). In terms of maximum drawdown, DRIV dropped -41.93% vs WCLD's -64.90%.

Which ETF is better, DRIV or WCLD?

On 5-year performance, DRIV leads with 6.14% vs -8.91% for WCLD. On fees, WCLD is cheaper at 0.45% per year. On volatility, WCLD has been the lower-risk option at 9.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DRIV or WCLD?

Over the 5-year period, DRIV has performed better with a 6.14% return vs -8.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DRIV or WCLD?

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

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

DRIV has the higher dividend yield at 0.62%, compared with 0.00% for WCLD.

What is the main difference between DRIV and WCLD?

DRIV is categorized as Global Equities, while WCLD is Technology Equities. DRIV tracks Solactive Autonomous & Electric Vehicles 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 DRIV and 0.45% for WCLD.

Which has better risk-adjusted returns?

DRIV currently has the higher Sharpe Ratio (1.67 vs -0.01), 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.