WCLD vs. FCLD
Compare and contrast key facts about WisdomTree Cloud Computing Fund (WCLD) and Fidelity Cloud Computing ETF (FCLD).
WCLD and FCLD 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. FCLD is a passively managed fund by Fidelity that tracks the performance of the Fidelity Cloud Computing Index - Benchmark TR Gross. It was launched on Oct 5, 2021. Both WCLD and FCLD 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 FCLD.
Key characteristics
| WCLD | FCLD | |
|---|---|---|
| YTD Return | 8.58% | 23.01% |
| 1Y Return | 26.16% | 37.20% |
| 3Y Return (Ann) | -16.12% | 0.44% |
| Sharpe Ratio | 1.37 | 1.96 |
| Sortino Ratio | 1.91 | 2.56 |
| Omega Ratio | 1.24 | 1.35 |
| Calmar Ratio | 0.59 | 1.55 |
| Martin Ratio | 2.83 | 7.04 |
| Ulcer Index | 11.63% | 6.02% |
| Daily Std Dev | 24.00% | 21.58% |
| Max Drawdown | -64.90% | -50.85% |
| Current Drawdown | -41.91% | 0.00% |
Correlation
The correlation between WCLD and FCLD is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
WCLD vs. FCLD - Performance Comparison
In the year-to-date period, WCLD achieves a 8.58% return, which is significantly lower than FCLD's 23.01% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
WCLD vs. FCLD - Expense Ratio Comparison
WCLD has a 0.45% expense ratio, which is higher than FCLD's 0.39% expense ratio.
Risk-Adjusted Performance
WCLD vs. FCLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cloud Computing Fund (WCLD) and Fidelity Cloud Computing ETF (FCLD). 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. FCLD - Dividend Comparison
WCLD has not paid dividends to shareholders, while FCLD's dividend yield for the trailing twelve months is around 0.13%.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
WCLD WisdomTree Cloud Computing Fund | 0.00% | 0.00% | 0.00% | 0.00% |
FCLD Fidelity Cloud Computing ETF | 0.13% | 0.17% | 0.26% | 0.13% |
Drawdowns
WCLD vs. FCLD - Drawdown Comparison
The maximum WCLD drawdown since its inception was -64.90%, which is greater than FCLD's maximum drawdown of -50.85%. Use the drawdown chart below to compare losses from any high point for WCLD and FCLD. For additional features, visit the drawdowns tool.
Volatility
WCLD vs. FCLD - Volatility Comparison
WisdomTree Cloud Computing Fund (WCLD) and Fidelity Cloud Computing ETF (FCLD) have volatilities of 6.23% and 6.00%, 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.