WCLD vs. CSHP

Last updated Jun 4, 2026

WCLD (WisdomTree Cloud Computing Fund) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - WCLD is a Technology Equities fund tracking the BVP Nasdaq Emerging Cloud Index, while CSHP is a Ultrashort Bond fund actively managed by iShares. WCLD is passively managed, while CSHP is actively managed. Over the past year, WCLD returned -9.22% vs 3.96% for CSHP. At a 0.02 correlation, their price movements are largely independent. WCLD charges 0.45%/yr vs 0.20%/yr for CSHP.

Performance

WCLD vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Cloud Computing Fund (WCLD) and iShares Enhanced Short-Term Bond Active ETF (CSHP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCLD achieves a -5.51% return, which is significantly lower than CSHP's 1.63% return.

WCLD

• 1D: -4.86%
• 1M: 12.10%
• YTD: -5.51%
• 6M: -5.05%
• 1Y: -9.22%
• 3Y*: 2.44%
• 5Y*: -7.67%
• 10Y*: —

CSHP

• 1D: 0.02%
• 1M: 0.27%
• YTD: 1.63%
• 6M: 1.93%
• 1Y: 3.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WCLD vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WCLD WisdomTree Cloud Computing Fund	-5.51%	-6.69%	18.92%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.63%	4.10%	2.24%

Correlation

The correlation between WCLD and CSHP is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Jul 19, 2024	0.02

The correlation between WCLD and CSHP shifts across timeframes, from -0.10 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.

WCLD vs. CSHP - Sectors Allocation Comparison

Sectors	WCLD	CSHP
Technology	97.2%	-
Healthcare	2.8%	-
Communication Services	2.5%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.1%
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

WCLD vs. CSHP — Risk / Return Rank

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

WCLD

WCLD Risk / Return Rank: 6
WCLD Sharpe Ratio Rank: 6
WCLD Sortino Ratio Rank: 6
WCLD Omega Ratio Rank: 6
WCLD Calmar Ratio Rank: 6
WCLD Martin Ratio Rank: 6

CSHP

CSHP Risk / Return Rank: 100
CSHP Sharpe Ratio Rank: 100
CSHP Sortino Ratio Rank: 100
CSHP Omega Ratio Rank: 100
CSHP Calmar Ratio Rank: 100
CSHP Martin Ratio Rank: 100

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.

WCLD vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cloud Computing Fund (WCLD) and iShares Enhanced Short-Term Bond Active ETF (CSHP). 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.

	WCLD	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	-0.26	11.91	-12.17
Sortino ratio: Return per unit of downside risk	-0.14	31.26	-31.40
Omega ratio: Gain probability vs. loss probability	0.98	7.44	-6.45
Calmar ratio: Return relative to maximum drawdown	-0.27	65.71	-65.97
Martin ratio: Return relative to average drawdown	-0.63	432.16	-432.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WCLD vs. CSHP - Sharpe Ratio Comparison

The current WCLD Sharpe Ratio is -0.26, which is lower than the CSHP Sharpe Ratio of 11.91. The chart below compares the historical Sharpe Ratios of WCLD and CSHP, 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

	WCLD	CSHP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.26	11.91	-12.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	10.75	-10.64

Drawdowns

WCLD vs. CSHP - Drawdown Comparison

The maximum WCLD drawdown since its inception was -64.90%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for WCLD and CSHP.

Drawdown Indicators

	WCLD	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-64.90%	-0.08%	-64.82%
Max Drawdown (1Y) Largest decline over 1 year	-34.68%	-0.06%	-34.62%
Max Drawdown (3Y) Largest decline over 3 years	-42.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-64.90%	—	—
Current Drawdown Current decline from peak	-49.36%	0.00%	-49.36%
Average Drawdown Average peak-to-trough decline	-35.55%	-0.00%	-35.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.72%	0.01%	+14.71%

Volatility

WCLD vs. CSHP - Volatility Comparison

WisdomTree Cloud Computing Fund (WCLD) has a higher volatility of 16.21% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.07%. This indicates that WCLD's price experiences larger fluctuations and is considered to be riskier than CSHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCLD	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.21%	0.07%	+16.14%
Volatility (6M) Calculated over the trailing 6-month period	30.32%	0.24%	+30.08%
Volatility (1Y) Calculated over the trailing 1-year period	35.01%	0.33%	+34.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.46%	0.40%	+37.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.49%	0.40%	+37.09%

WCLD vs. CSHP - Expense Ratio Comparison

WCLD has a 0.45% expense ratio, which is higher than CSHP's 0.20% expense ratio.

Dividends

WCLD vs. CSHP - Dividend Comparison

WCLD has not paid dividends to shareholders, while CSHP's dividend yield for the trailing twelve months is around 3.92%.

Position	TTM	2025	2024
CSHP iShares Enhanced Short-Term Bond Active ETF	3.92%	5.39%	1.96%
WCLD WisdomTree Cloud Computing Fund	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WCLD and CSHP in my portfolio?

WCLD and CSHP have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WCLD or CSHP?

WCLD has higher volatility (16.21%) compared to CSHP (0.07%). In terms of maximum drawdown, WCLD dropped -64.90% vs CSHP's -0.08%.

Which ETF is better, WCLD or CSHP?

On 1-year performance, CSHP leads with 3.96% vs -9.22% for WCLD. On fees, CSHP is cheaper at 0.20% per year. On volatility, CSHP has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WCLD or CSHP?

Over the 1-year period, CSHP has performed better with a 3.96% return vs -9.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WCLD or CSHP?

CSHP is cheaper with a 0.20% expense ratio, compared with 0.45% for WCLD.

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

CSHP has the higher dividend yield at 3.92%, compared with 0.00% for WCLD.

What is the main difference between WCLD and CSHP?

WCLD is categorized as Technology Equities, while CSHP is Ultrashort Bond. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.45% for WCLD and 0.20% for CSHP.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.91 vs -0.26), 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.