DRIV vs. WCLD
Compare and contrast key facts about Global X Autonomous & Electric Vehicles ETF (DRIV) and WisdomTree Cloud Computing Fund (WCLD).
DRIV and WCLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DRIV is a passively managed fund by Global X that tracks the performance of the Solactive Autonomous & Electric Vehicles Index. It was launched on Apr 13, 2018. WCLD is a passively managed fund by WisdomTree that tracks the performance of the BVP Nasdaq Emerging Cloud Index. It was launched on Sep 6, 2019. Both DRIV and WCLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DRIV or WCLD.
Performance
DRIV vs. WCLD - Performance Comparison
Returns By Period
In the year-to-date period, DRIV achieves a -4.33% return, which is significantly lower than WCLD's 10.59% return.
DRIV
-4.33%
2.40%
-2.99%
3.81%
11.87%
N/A
WCLD
10.59%
17.05%
19.51%
27.20%
8.36%
N/A
Key characteristics
| DRIV | WCLD | |
|---|---|---|
| Sharpe Ratio | 0.18 | 1.17 |
| Sortino Ratio | 0.39 | 1.66 |
| Omega Ratio | 1.05 | 1.21 |
| Calmar Ratio | 0.12 | 0.50 |
| Martin Ratio | 0.51 | 2.39 |
| Ulcer Index | 7.68% | 11.64% |
| Daily Std Dev | 22.09% | 23.80% |
| Max Drawdown | -39.24% | -64.90% |
| Current Drawdown | -24.32% | -40.84% |
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DRIV vs. WCLD - Expense Ratio Comparison
DRIV has a 0.68% expense ratio, which is higher than WCLD's 0.45% expense ratio.
Correlation
The correlation between DRIV and WCLD is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
DRIV vs. WCLD - Risk-Adjusted Performance 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.
Dividends
DRIV vs. WCLD - Dividend Comparison
DRIV's dividend yield for the trailing twelve months is around 1.74%, while WCLD has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
DRIV Global X Autonomous & Electric Vehicles ETF | 1.74% | 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% |
Drawdowns
DRIV vs. WCLD - Drawdown Comparison
The maximum DRIV drawdown since its inception was -39.24%, 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. For additional features, visit the drawdowns tool.
Volatility
DRIV vs. WCLD - Volatility Comparison
The current volatility for Global X Autonomous & Electric Vehicles ETF (DRIV) is 5.74%, while WisdomTree Cloud Computing Fund (WCLD) has a volatility of 7.59%. This indicates that DRIV 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.