IGV vs. WCLD

Last updated Jun 24, 2026

IGV (iShares Expanded Tech-Software Sector ETF) and WCLD (WisdomTree Cloud Computing Fund) are both Technology Equities funds - IGV tracks the S&P North American Expanded Technology Software Index while WCLD tracks the BVP Nasdaq Emerging Cloud Index. Both are passively managed. Over the past 5 years, IGV returned 2.37%/yr vs -12.33%/yr for WCLD. Their correlation of 0.89 suggests significant overlap in exposure. IGV charges 0.39%/yr vs 0.45%/yr for WCLD.

Performance

IGV vs. WCLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Expanded Tech-Software Sector ETF (IGV) 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, IGV achieves a -17.37% return, which is significantly lower than WCLD's -16.34% return.

IGV

• 1D: 0.01%
• 1M: -7.10%
• YTD: -17.37%
• 6M: -19.19%
• 1Y: -17.89%
• 3Y*: 9.05%
• 5Y*: 2.37%
• 10Y*: 15.70%

WCLD

• 1D: 1.21%
• 1M: -3.05%
• YTD: -16.34%
• 6M: -17.42%
• 1Y: -16.84%
• 3Y*: -1.60%
• 5Y*: -12.33%
• 10Y*: —

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

IGV vs. WCLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IGV iShares Expanded Tech-Software Sector ETF	-17.37%	5.56%	23.41%	58.56%	-35.65%	12.30%	52.86%	6.04%
WCLD WisdomTree Cloud Computing Fund	-16.34%	-6.69%	7.35%	39.35%	-51.64%	-3.21%	109.71%	0.84%

Correlation

The correlation between IGV and WCLD is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Sep 6, 2019	0.89

The correlation between IGV and WCLD has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

IGV vs. WCLD - Sectors Allocation Comparison

Sectors	IGV	WCLD
Technology	89.1%	97.3%
Communication Services	8.6%	2.5%
Financial Services	1.9%	-
Consumer Cyclical	0.3%	-
Industrials	0.1%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	2.7%
Real Estate	-	-
Utilities	-	-

Return for Risk

IGV vs. WCLD — Risk / Return Rank

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

IGV

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

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.

IGV vs. WCLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) 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.

	IGV	WCLD	Difference
Sharpe ratio: Return per unit of total volatility	-0.64	-0.48	-0.16
Sortino ratio: Return per unit of downside risk	-0.75	-0.48	-0.27
Omega ratio: Gain probability vs. loss probability	0.91	0.94	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.49	-0.49	0.00
Martin ratio: Return relative to average drawdown	-1.00	-1.11	+0.11

IGV vs. WCLD - Sharpe Ratio Comparison

The current IGV Sharpe Ratio is -0.64, which is lower than the WCLD Sharpe Ratio of -0.48. The chart below compares the historical Sharpe Ratios of IGV 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

IGV vs. WCLD - Drawdown Comparison

The maximum IGV drawdown since its inception was -63.45%, roughly equal to the maximum WCLD drawdown of -64.90%. Use the drawdown chart below to compare losses from any high point for IGV and WCLD.

Drawdown Indicators

	IGV	WCLD	Difference
Max Drawdown Largest peak-to-trough decline	-63.45%	-64.90%	+1.45%
Max Drawdown (1Y) Largest decline over 1 year	-36.61%	-34.68%	-1.93%
Max Drawdown (3Y) Largest decline over 3 years	-36.61%	-42.06%	+5.45%
Max Drawdown (5Y) Largest decline over 5 years	-45.85%	-64.90%	+19.05%
Max Drawdown (10Y) Largest decline over 10 years	-45.85%	—	—
Current Drawdown Current decline from peak	-25.85%	-55.17%	+29.32%
Average Drawdown Average peak-to-trough decline	-14.46%	-35.66%	+21.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.94%	15.20%	+2.74%

Volatility

IGV vs. WCLD - Volatility Comparison

The current volatility for iShares Expanded Tech-Software Sector ETF (IGV) is 12.71%, while WisdomTree Cloud Computing Fund (WCLD) has a volatility of 15.36%. This indicates that IGV 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

	IGV	WCLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.71%	15.36%	-2.65%
Volatility (6M) Calculated over the trailing 6-month period	24.86%	30.45%	-5.59%
Volatility (1Y) Calculated over the trailing 1-year period	28.27%	35.22%	-6.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.97%	37.46%	-9.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.38%	37.40%	-11.02%

IGV vs. WCLD - Expense Ratio Comparison

IGV has a 0.39% expense ratio, which is lower than WCLD's 0.45% expense ratio.

Dividends

IGV vs. WCLD - Dividend Comparison

IGV's dividend yield for the trailing twelve months is around 0.02%, while WCLD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGV iShares Expanded Tech-Software Sector ETF	0.02%	0.00%	0.00%	0.01%	0.01%	0.00%	0.35%	0.02%	0.16%	0.09%	0.82%	0.22%
WCLD WisdomTree Cloud Computing Fund	0.00%	0.00%	0.00%	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 IGV and WCLD in my portfolio?

IGV and WCLD have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGV or WCLD?

WCLD has higher volatility (15.36%) compared to IGV (12.71%). In terms of maximum drawdown, IGV dropped -63.45% vs WCLD's -64.90%.

Which ETF is better, IGV or WCLD?

On 5-year performance, IGV leads with 2.37% vs -12.33% for WCLD. On fees, IGV is cheaper at 0.39% per year. On volatility, IGV has been the lower-risk option at 12.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGV or WCLD?

Over the 5-year period, IGV has performed better with a 2.37% return vs -12.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGV or WCLD?

IGV is cheaper with a 0.39% expense ratio, compared with 0.45% for WCLD.

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

IGV has the higher dividend yield at 0.02%, compared with 0.00% for WCLD.

What is the main difference between IGV and WCLD?

IGV tracks S&P North American Expanded Technology Software Index, while WCLD tracks BVP Nasdaq Emerging Cloud Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.39% for IGV and 0.45% for WCLD.

Which has better risk-adjusted returns?

WCLD currently has the higher Sharpe Ratio (-0.48 vs -0.64), 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.