WCLD vs. FXU

Last updated Jul 18, 2026

WCLD (WisdomTree Cloud Computing Fund) and FXU (First Trust Utilities AlphaDEX Fund) are both exchange-traded funds - WCLD is a Technology Equities fund tracking the BVP Nasdaq Emerging Cloud Index, while FXU is a Utilities Equities fund tracking the StrataQuant Utilities Index. Both are passively managed. Over the past 5 years, WCLD returned -8.58%/yr vs 12.47%/yr for FXU. At a 0.16 correlation, their price movements are largely independent. WCLD charges 0.45%/yr vs 0.62%/yr for FXU.

Performance

WCLD vs. FXU - Performance Comparison

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

Returns By Period

In the year-to-date period, WCLD achieves a -0.63% return, which is significantly lower than FXU's 11.29% return.

WCLD

• 1D: -0.20%
• 1M: 17.45%
• 6M: 8.48%
• YTD: -0.63%
• 1Y: -2.77%
• 3Y*: 0.51%
• 5Y*: -8.58%
• 10Y*: —

FXU

• 1D: -0.74%
• 1M: 3.76%
• 6M: 7.73%
• YTD: 11.29%
• 1Y: 18.80%
• 3Y*: 18.43%
• 5Y*: 12.47%
• 10Y*: 9.13%

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

WCLD vs. FXU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
WCLD WisdomTree Cloud Computing Fund	-0.63%	-6.69%	7.35%	39.35%	-51.64%	-3.21%	109.71%	0.84%
FXU First Trust Utilities AlphaDEX Fund	11.29%	21.86%	22.50%	-2.12%	3.68%	17.67%	1.53%	2.01%

Correlation

The correlation between WCLD and FXU is -0.15, 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	-0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Sep 6, 2019	0.16

The correlation between WCLD and FXU shifts across timeframes, from -0.15 (1 year) to 0.18 (5 years), reflecting how their relationship changes across market environments.

WCLD vs. FXU - Sectors Allocation Comparison

Sectors	WCLD	FXU
Technology	97.3%	-
Healthcare	2.7%	-
Communication Services	2.5%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	3.6%
Financial Services	-	-
Industrials	-	4.0%
Real Estate	-	-
Utilities	-	92.4%

Return for Risk

WCLD vs. FXU — Risk / Return Rank

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

WCLD

WCLD Risk / Return Rank: 9
WCLD Sharpe Ratio Rank: 9
WCLD Sortino Ratio Rank: 10
WCLD Omega Ratio Rank: 10
WCLD Calmar Ratio Rank: 9
WCLD Martin Ratio Rank: 9

FXU

FXU Risk / Return Rank: 48
FXU Sharpe Ratio Rank: 50
FXU Sortino Ratio Rank: 47
FXU Omega Ratio Rank: 44
FXU Calmar Ratio Rank: 55
FXU Martin Ratio Rank: 43

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. FXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cloud Computing Fund (WCLD) and First Trust Utilities AlphaDEX Fund (FXU). 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	FXU	Difference
Sharpe ratio: Return per unit of total volatility	-0.08	1.39	-1.46
Sortino ratio: Return per unit of downside risk	0.14	1.92	-1.78
Omega ratio: Gain probability vs. loss probability	1.02	1.23	-0.22
Calmar ratio: Return relative to maximum drawdown	-0.08	2.19	-2.27
Martin ratio: Return relative to average drawdown	-0.18	5.54	-5.72

WCLD vs. FXU - Sharpe Ratio Comparison

The current WCLD Sharpe Ratio is -0.08, which is lower than the FXU Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of WCLD and FXU, 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. FXU - Drawdown Comparison

The maximum WCLD drawdown since its inception was -64.90%, which is greater than FXU's maximum drawdown of -49.00%. Use the drawdown chart below to compare losses from any high point for WCLD and FXU.

Drawdown Indicators

	WCLD	FXU	Difference
Max Drawdown Largest peak-to-trough decline	-64.90%	-49.00%	-15.90%
Max Drawdown (1Y) Largest decline over 1 year	-34.68%	-8.63%	-26.05%
Max Drawdown (3Y) Largest decline over 3 years	-42.06%	-17.46%	-24.60%
Max Drawdown (5Y) Largest decline over 5 years	-64.90%	-21.87%	-43.03%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.81%	—
Current Drawdown Current decline from peak	-46.75%	-2.87%	-43.88%
Average Drawdown Average peak-to-trough decline	-35.80%	-7.61%	-28.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.44%	3.40%	+12.04%

Volatility

WCLD vs. FXU - Volatility Comparison

WisdomTree Cloud Computing Fund (WCLD) has a higher volatility of 9.58% compared to First Trust Utilities AlphaDEX Fund (FXU) at 4.71%. This indicates that WCLD's price experiences larger fluctuations and is considered to be riskier than FXU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCLD	FXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.58%	4.71%	+4.87%
Volatility (6M) Calculated over the trailing 6-month period	31.17%	10.79%	+20.38%
Volatility (1Y) Calculated over the trailing 1-year period	35.91%	13.63%	+22.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.63%	16.61%	+21.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.38%	18.37%	+19.01%

WCLD vs. FXU - Expense Ratio Comparison

WCLD has a 0.45% expense ratio, which is lower than FXU's 0.62% expense ratio.

Dividends

WCLD vs. FXU - Dividend Comparison

WCLD has not paid dividends to shareholders, while FXU's dividend yield for the trailing twelve months is around 2.14%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXU First Trust Utilities AlphaDEX Fund	2.14%	2.29%	2.41%	2.52%	2.03%	2.00%	3.97%	2.34%	2.40%	3.81%	2.62%	3.90%
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 FXU in my portfolio?

WCLD and FXU have a correlation of -0.15, 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 FXU?

WCLD has higher volatility (9.58%) compared to FXU (4.71%). In terms of maximum drawdown, WCLD dropped -64.90% vs FXU's -49.00%.

Which ETF is better, WCLD or FXU?

On 5-year performance, FXU leads with 12.47% vs -8.58% for WCLD. On fees, WCLD is cheaper at 0.45% per year. On volatility, FXU has been the lower-risk option at 4.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WCLD or FXU?

Over the 5-year period, FXU has performed better with a 12.47% return vs -8.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WCLD or FXU?

WCLD is cheaper with a 0.45% expense ratio, compared with 0.62% for FXU.

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

FXU has the higher dividend yield at 2.14%, compared with 0.00% for WCLD.

What is the main difference between WCLD and FXU?

WCLD is categorized as Technology Equities, while FXU is Utilities Equities. WCLD tracks BVP Nasdaq Emerging Cloud Index, while FXU tracks StrataQuant Utilities Index. They also come from different issuers: WisdomTree and First Trust. Their fees differ too: 0.45% for WCLD and 0.62% for FXU.

Which has better risk-adjusted returns?

FXU currently has the higher Sharpe Ratio (1.39 vs -0.08), 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.