WCLD vs. DRIV
Compare and contrast key facts about WisdomTree Cloud Computing Fund (WCLD) and Global X Autonomous & Electric Vehicles ETF (DRIV).
WCLD and DRIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both WCLD and DRIV 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: WCLD or DRIV.
Key characteristics
| WCLD | DRIV | |
|---|---|---|
| YTD Return | 7.12% | -2.20% |
| 1Y Return | 31.09% | 11.11% |
| 3Y Return (Ann) | -16.54% | -8.02% |
| 5Y Return (Ann) | 8.48% | 12.06% |
| Sharpe Ratio | 1.41 | 0.54 |
| Sortino Ratio | 1.96 | 0.89 |
| Omega Ratio | 1.25 | 1.11 |
| Calmar Ratio | 0.60 | 0.37 |
| Martin Ratio | 2.92 | 1.64 |
| Ulcer Index | 11.63% | 7.54% |
| Daily Std Dev | 24.03% | 22.66% |
| Max Drawdown | -64.90% | -39.24% |
| Current Drawdown | -42.69% | -22.64% |
Correlation
The correlation between WCLD and DRIV 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.
Performance
WCLD vs. DRIV - Performance Comparison
In the year-to-date period, WCLD achieves a 7.12% return, which is significantly higher than DRIV's -2.20% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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WCLD vs. DRIV - Expense Ratio Comparison
WCLD has a 0.45% expense ratio, which is lower than DRIV's 0.68% expense ratio.
Risk-Adjusted Performance
WCLD vs. DRIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cloud Computing Fund (WCLD) and Global X Autonomous & Electric Vehicles ETF (DRIV). 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
WCLD vs. DRIV - Dividend Comparison
WCLD has not paid dividends to shareholders, while DRIV's dividend yield for the trailing twelve months is around 1.70%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
WCLD WisdomTree Cloud Computing Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DRIV Global X Autonomous & Electric Vehicles ETF | 1.70% | 1.62% | 1.24% | 0.32% | 0.29% | 1.23% | 2.79% |
Drawdowns
WCLD vs. DRIV - Drawdown Comparison
The maximum WCLD drawdown since its inception was -64.90%, which is greater than DRIV's maximum drawdown of -39.24%. Use the drawdown chart below to compare losses from any high point for WCLD and DRIV. For additional features, visit the drawdowns tool.
Volatility
WCLD vs. DRIV - Volatility Comparison
WisdomTree Cloud Computing Fund (WCLD) and Global X Autonomous & Electric Vehicles ETF (DRIV) have volatilities of 6.29% and 6.04%, 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.