WCLD vs. EPI

Last updated Aug 4, 2026

WCLD (WisdomTree Cloud Computing Fund) and EPI (WisdomTree India Earnings Fund) are both exchange-traded funds - WCLD is a Technology Equities fund tracking the BVP Nasdaq Emerging Cloud Index, while EPI is a India Equities fund tracking the WisdomTree India Earnings Index. Both are passively managed. Over the past 5 years, WCLD returned -9.01%/yr vs 5.85%/yr for EPI. Their 0.33 correlation means their historical movements had little consistent relationship. WCLD charges 0.45%/yr vs 0.84%/yr for EPI.

Performance

WCLD vs. EPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Cloud Computing Fund (WCLD) and WisdomTree India Earnings Fund (EPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCLD achieves a 4.48% return, which is significantly higher than EPI's -6.50% return.

WCLD

• 1D: 3.07%
• 1M: 9.13%
• 6M: 21.53%
• YTD: 4.48%
• 1Y: 7.59%
• 3Y*: 4.20%
• 5Y*: -9.01%
• 10Y*: —
• ALL TIME*: 5.46%

EPI

• 1D: 0.67%
• 1M: 0.84%
• 6M: -6.20%
• YTD: -6.50%
• 1Y: -3.31%
• 3Y*: 6.62%
• 5Y*: 5.85%
• 10Y*: 8.60%
• ALL TIME*: 3.95%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EPI WisdomTree India Earnings Fund	$16.82M	$16.41M	$21.21M
WCLD WisdomTree Cloud Computing Fund	$34.13M	$31.66M	$33.85M

WCLD vs. EPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
WCLD WisdomTree Cloud Computing Fund	4.48%	-6.69%	7.35%	39.35%	-51.64%	-3.21%	109.71%	0.84%
EPI WisdomTree India Earnings Fund	-6.50%	2.25%	10.70%	26.03%	-4.74%	26.41%	18.55%	8.93%

Correlation

The correlation between WCLD and EPI is 0.10, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.10
Correlation (3Y) Balances recent behavior with more history.	0.26
Correlation (5Y) Shows whether the relationship held over a longer period.	0.34
Correlation (All Time) Calculated using the full available price history since Sep 6, 2019	0.33

Over the past year, the correlation between WCLD and EPI has dropped to 0.10 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.

WCLD vs. EPI - Sectors Allocation Comparison

Sectors	WCLD	EPI
Technology	97.2%	7.5%
Healthcare	2.8%	6.1%
Communication Services	2.5%	2.0%
Basic Materials	-	14.3%
Consumer Cyclical	-	7.7%
Consumer Defensive	-	3.4%
Energy	-	15.6%
Financial Services	-	24.3%
Industrials	-	10.1%
Real Estate	-	0.9%
Utilities	-	8.0%

Return for Risk

WCLD vs. EPI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WCLD

WCLD Risk / Return Rank: 16
WCLD Sharpe Ratio Rank: 15
WCLD Sortino Ratio Rank: 17
WCLD Omega Ratio Rank: 17
WCLD Calmar Ratio Rank: 14
WCLD Martin Ratio Rank: 14

EPI

EPI Risk / Return Rank: 8
EPI Sharpe Ratio Rank: 8
EPI Sortino Ratio Rank: 8
EPI Omega Ratio Rank: 8
EPI Calmar Ratio Rank: 8
EPI Martin Ratio Rank: 8

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WCLD vs. EPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cloud Computing Fund (WCLD) and WisdomTree India Earnings Fund (EPI). 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.

	WCLD	EPI	Difference
Sharpe ratio: Return per unit of total volatility	0.21	-0.22	+0.42
Sortino ratio: Return per unit of downside risk	0.55	-0.21	+0.75
Omega ratio: Gain probability vs. loss probability	1.07	0.98	+0.09
Calmar ratio: Return relative to maximum drawdown	0.22	-0.21	+0.43
Martin ratio: Return relative to average drawdown	0.49	-0.50	+0.99

WCLD vs. EPI - Sharpe Ratio Comparison

The current WCLD Sharpe Ratio is 0.21, which is higher than the EPI Sharpe Ratio of -0.22. The chart below compares the historical Sharpe Ratios of WCLD and EPI, 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

WCLD vs. EPI - Drawdown Comparison

The maximum WCLD drawdown since its inception was -64.90%, roughly equal to the maximum EPI drawdown of -66.21%. Use the drawdown chart below to compare losses from any high point for WCLD and EPI.

Drawdown Indicators

	WCLD	EPI	Difference
Max Drawdown Largest peak-to-trough decline	-64.90%	-66.21%	+1.31%
Max Drawdown (1Y) Largest decline over 1 year	-34.68%	-15.69%	-18.99%
Max Drawdown (3Y) Largest decline over 3 years	-42.06%	-21.89%	-20.17%
Max Drawdown (5Y) Largest decline over 5 years	-64.90%	-21.89%	-43.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-50.29%	—
Current Drawdown Current decline from peak	-44.01%	-14.61%	-29.40%
Average Drawdown Average peak-to-trough decline	-35.87%	-18.63%	-17.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.43%	6.69%	+8.74%

Volatility

WCLD vs. EPI - Volatility Comparison

WisdomTree Cloud Computing Fund (WCLD) has a higher volatility of 10.69% compared to WisdomTree India Earnings Fund (EPI) at 3.55%. This indicates that WCLD's price experiences larger fluctuations and is considered to be riskier than EPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCLD	EPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.69%	3.55%	+7.14%
Volatility (6M) Calculated over the trailing 6-month period	31.59%	13.03%	+18.56%
Volatility (1Y) Calculated over the trailing 1-year period	36.89%	15.33%	+21.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.83%	16.28%	+21.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.44%	20.28%	+17.16%

WCLD vs. EPI - Expense Ratio Comparison

WCLD has a 0.45% expense ratio, which is lower than EPI's 0.84% expense ratio.

Dividends

WCLD vs. EPI - Dividend Comparison

Neither WCLD nor EPI has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPI WisdomTree India Earnings Fund	0.00%	0.00%	0.27%	0.15%	6.01%	1.18%	0.78%	1.17%	1.18%	0.85%	1.05%	1.20%
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 WCLD and EPI in my portfolio?

WCLD and EPI 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 EPI?

WCLD has higher volatility (10.69%) compared to EPI (3.55%). In terms of maximum drawdown, WCLD dropped -64.90% vs EPI's -66.21%.

Which ETF is better, WCLD or EPI?

On 5-year performance, EPI leads with 5.85% vs -9.01% for WCLD. On fees, WCLD is cheaper at 0.45% per year. On volatility, EPI has been the lower-risk option at 3.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WCLD or EPI?

Over the 5-year period, EPI has performed better with a 5.85% return vs -9.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WCLD or EPI?

WCLD is cheaper with a 0.45% expense ratio, compared with 0.84% for EPI.

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

WCLD and EPI have nearly identical dividend yields, around 0.00%.

What is the main difference between WCLD and EPI?

WCLD is categorized as Technology Equities, while EPI is India Equities. WCLD tracks BVP Nasdaq Emerging Cloud Index, while EPI tracks WisdomTree India Earnings Index. Their fees differ too: 0.45% for WCLD and 0.84% for EPI.

Which has better risk-adjusted returns?

WCLD currently has the higher Sharpe Ratio (0.21 vs -0.22), 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.