KLWD.L vs. PHSP.L

Last updated Jun 5, 2026

KLWD.L (WisdomTree Cloud Computing UCITS ETF - USD Acc) and PHSP.L (WisdomTree Physical Silver) are both exchange-traded funds - KLWD.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while PHSP.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past year, KLWD.L returned -8.10% vs 115.25% for PHSP.L. At a correlation of -0.03, they often move in opposite directions. KLWD.L charges 0.40%/yr vs 0.49%/yr for PHSP.L.

Performance

KLWD.L vs. PHSP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Cloud Computing UCITS ETF - USD Acc (KLWD.L) and WisdomTree Physical Silver (PHSP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KLWD.L achieves a -5.67% return, which is significantly lower than PHSP.L's 2.97% return.

KLWD.L

• 1D: -2.99%
• 1M: 13.26%
• YTD: -5.67%
• 6M: -5.24%
• 1Y: -8.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PHSP.L

• 1D: 0.46%
• 1M: 1.03%
• YTD: 2.97%
• 6M: 28.18%
• 1Y: 115.25%
• 3Y*: 41.79%
• 5Y*: 22.23%
• 10Y*: 16.46%

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

KLWD.L vs. PHSP.L - Yearly Performance Comparison

	2026 (YTD)	2025
KLWD.L WisdomTree Cloud Computing UCITS ETF - USD Acc	-5.67%	8.16%
PHSP.L WisdomTree Physical Silver	2.97%	114.38%

Correlation

The correlation between KLWD.L and PHSP.L is -0.02, 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	-0.02
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	-0.03

Return for Risk

KLWD.L vs. PHSP.L — Risk / Return Rank

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

KLWD.L

KLWD.L Risk / Return Rank: 7
KLWD.L Sharpe Ratio Rank: 7
KLWD.L Sortino Ratio Rank: 7
KLWD.L Omega Ratio Rank: 7
KLWD.L Calmar Ratio Rank: 7
KLWD.L Martin Ratio Rank: 7

PHSP.L

PHSP.L Risk / Return Rank: 56
PHSP.L Sharpe Ratio Rank: 65
PHSP.L Sortino Ratio Rank: 50
PHSP.L Omega Ratio Rank: 62
PHSP.L Calmar Ratio Rank: 60
PHSP.L Martin Ratio Rank: 41

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.

KLWD.L vs. PHSP.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 Physical Silver (PHSP.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	PHSP.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	2.12	-2.34
Sortino ratio: Return per unit of downside risk	-0.08	2.43	-2.50
Omega ratio: Gain probability vs. loss probability	0.99	1.37	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.22	2.96	-3.18
Martin ratio: Return relative to average drawdown	-0.52	6.48	-7.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KLWD.L vs. PHSP.L - Sharpe Ratio Comparison

The current KLWD.L Sharpe Ratio is -0.22, which is lower than the PHSP.L Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of KLWD.L and PHSP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KLWD.L	PHSP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	2.12	-2.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.37	-0.32

Drawdowns

KLWD.L vs. PHSP.L - Drawdown Comparison

The maximum KLWD.L drawdown since its inception was -35.51%, smaller than the maximum PHSP.L drawdown of -70.01%. Use the drawdown chart below to compare losses from any high point for KLWD.L and PHSP.L.

Drawdown Indicators

	KLWD.L	PHSP.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.51%	-70.01%	+34.50%
Max Drawdown (1Y) Largest decline over 1 year	-34.77%	-38.75%	+3.98%
Max Drawdown (3Y) Largest decline over 3 years	—	-38.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.75%	—
Current Drawdown Current decline from peak	-10.71%	-33.72%	+23.01%
Average Drawdown Average peak-to-trough decline	-11.11%	-40.07%	+28.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.63%	17.73%	-3.10%

Volatility

KLWD.L vs. PHSP.L - Volatility Comparison

WisdomTree Cloud Computing UCITS ETF - USD Acc (KLWD.L) and WisdomTree Physical Silver (PHSP.L) have volatilities of 15.82% and 16.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KLWD.L	PHSP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.82%	16.28%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	30.90%	51.17%	-20.27%
Volatility (1Y) Calculated over the trailing 1-year period	34.46%	54.02%	-19.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.83%	32.98%	+0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.83%	29.24%	+4.59%

KLWD.L vs. PHSP.L - Expense Ratio Comparison

KLWD.L has a 0.40% expense ratio, which is lower than PHSP.L's 0.49% expense ratio.

Dividends

KLWD.L vs. PHSP.L - Dividend Comparison

Neither KLWD.L nor PHSP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both KLWD.L and PHSP.L in my portfolio?

KLWD.L and PHSP.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KLWD.L or PHSP.L?

On fees, KLWD.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KLWD.L or PHSP.L?

KLWD.L is cheaper with a 0.40% expense ratio, compared with 0.49% for PHSP.L.

What is the main difference between KLWD.L and PHSP.L?

KLWD.L is categorized as Technology Equities, while PHSP.L is Silver. KLWD.L tracks MSCI World/Information Tech NR USD, while PHSP.L tracks LBMA Silver Price. Their fees differ too: 0.40% for KLWD.L and 0.49% for PHSP.L.