KLWD.L vs. GLDW.L
KLWD.L (WisdomTree Cloud Computing UCITS ETF - USD Acc) and GLDW.L (WisdomTree Core Physical Gold) are both exchange-traded funds - KLWD.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while GLDW.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past year, KLWD.L returned -8.10% vs 33.68% for GLDW.L. At a correlation of -0.14, they often move in opposite directions. KLWD.L charges 0.40%/yr vs 0.12%/yr for GLDW.L.
Performance
KLWD.L vs. GLDW.L - Performance Comparison
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Returns By Period
In the year-to-date period, KLWD.L achieves a -5.67% return, which is significantly lower than GLDW.L's 3.96% return.
KLWD.L
- 1D
- -2.99%
- 1M
- 13.26%
- YTD
- -5.67%
- 6M
- -5.24%
- 1Y
- -8.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDW.L
- 1D
- 0.63%
- 1M
- -1.34%
- YTD
- 3.96%
- 6M
- 5.38%
- 1Y
- 33.68%
- 3Y*
- 28.15%
- 5Y*
- 19.87%
- 10Y*
- —
KLWD.L vs. GLDW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KLWD.L WisdomTree Cloud Computing UCITS ETF - USD Acc | -5.67% | 8.16% |
GLDW.L WisdomTree Core Physical Gold | 3.96% | 28.64% |
Correlation
The correlation between KLWD.L and GLDW.L is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | -0.14 |
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Return for Risk
KLWD.L vs. GLDW.L — Risk / Return Rank
KLWD.L
GLDW.L
KLWD.L vs. GLDW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cloud Computing UCITS ETF - USD Acc (KLWD.L) and WisdomTree Core Physical Gold (GLDW.L). 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.
| KLWD.L | GLDW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.29 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 1.88 | -2.10 |
| Martin ratioReturn relative to average drawdown | -0.52 | 5.05 | -5.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KLWD.L | GLDW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.22 | 1.46 | -1.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 1.30 | -1.25 |
Drawdowns
KLWD.L vs. GLDW.L - Drawdown Comparison
The maximum KLWD.L drawdown since its inception was -35.51%, which is greater than GLDW.L's maximum drawdown of -17.86%. Use the drawdown chart below to compare losses from any high point for KLWD.L and GLDW.L.
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Drawdown Indicators
| KLWD.L | GLDW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.51% | -17.86% | -17.65% |
Max Drawdown (1Y)Largest decline over 1 year | -34.77% | -17.86% | -16.91% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.86% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.86% | — |
Current DrawdownCurrent decline from peak | -10.71% | -15.93% | +5.22% |
Average DrawdownAverage peak-to-trough decline | -11.11% | -3.58% | -7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.63% | 6.65% | +7.98% |
Volatility
KLWD.L vs. GLDW.L - Volatility Comparison
WisdomTree Cloud Computing UCITS ETF - USD Acc (KLWD.L) has a higher volatility of 15.82% compared to WisdomTree Core Physical Gold (GLDW.L) at 5.09%. This indicates that KLWD.L's price experiences larger fluctuations and is considered to be riskier than GLDW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KLWD.L | GLDW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.82% | 5.09% | +10.73% |
Volatility (6M)Calculated over the trailing 6-month period | 30.90% | 19.81% | +11.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.46% | 22.95% | +11.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.83% | 16.09% | +17.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.83% | 15.94% | +17.89% |
KLWD.L vs. GLDW.L - Expense Ratio Comparison
KLWD.L has a 0.40% expense ratio, which is higher than GLDW.L's 0.12% expense ratio.
Dividends
KLWD.L vs. GLDW.L - Dividend Comparison
Neither KLWD.L nor GLDW.L has paid dividends to shareholders.
Frequently Asked Questions
KLWD.L and GLDW.L have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDW.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDW.L is cheaper with a 0.12% expense ratio, compared with 0.40% for KLWD.L.
KLWD.L is categorized as Technology Equities, while GLDW.L is Precious Metals. KLWD.L tracks MSCI World/Information Tech NR USD, while GLDW.L tracks Gold. Their fees differ too: 0.40% for KLWD.L and 0.12% for GLDW.L.
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