WCLD vs. GDMN

Last updated Jun 3, 2026

WCLD (WisdomTree Cloud Computing Fund) and GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) are both exchange-traded funds - WCLD is a Technology Equities fund tracking the BVP Nasdaq Emerging Cloud Index, while GDMN is a Commodities fund actively managed by WisdomTree. WCLD is passively managed, while GDMN is actively managed. Over the past 3 years, WCLD returned 4.16%/yr vs 62.97%/yr for GDMN. At a 0.15 correlation, their price movements are largely independent. Both charge a 0.45% expense ratio.

Performance

WCLD vs. GDMN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Cloud Computing Fund (WCLD) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCLD achieves a -0.69% return, which is significantly lower than GDMN's -0.46% return.

WCLD

• 1D: -3.28%
• 1M: 20.60%
• YTD: -0.69%
• 6M: 1.46%
• 1Y: -3.15%
• 3Y*: 4.16%
• 5Y*: -6.46%
• 10Y*: —

GDMN

• 1D: 1.35%
• 1M: -2.21%
• YTD: -0.46%
• 6M: 6.04%
• 1Y: 82.68%
• 3Y*: 62.97%
• 5Y*: —
• 10Y*: —

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

WCLD vs. GDMN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WCLD WisdomTree Cloud Computing Fund	-0.69%	-6.69%	7.35%	39.35%	-51.64%	3.74%
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	-0.46%	237.09%	28.23%	12.97%	-14.62%	5.11%

Correlation

The correlation between WCLD and GDMN is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021	0.15

The correlation between WCLD and GDMN shifts across timeframes, from 0.01 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.

WCLD vs. GDMN - Sectors Allocation Comparison

Sectors	WCLD	GDMN
Technology	97.2%	-
Healthcare	2.8%	-
Communication Services	2.5%	-
Basic Materials	-	100.0%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

WCLD vs. GDMN — Risk / Return Rank

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

WCLD

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

GDMN

GDMN Risk / Return Rank: 39
GDMN Sharpe Ratio Rank: 38
GDMN Sortino Ratio Rank: 33
GDMN Omega Ratio Rank: 39
GDMN Calmar Ratio Rank: 48
GDMN Martin Ratio Rank: 37

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. GDMN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cloud Computing Fund (WCLD) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN). 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	GDMN	Difference
Sharpe ratio Return per unit of total volatility	-0.09	1.36	-1.45
Sortino ratio Return per unit of downside risk	0.11	1.75	-1.64
Omega ratio Gain probability vs. loss probability	1.01	1.26	-0.24
Calmar ratio Return relative to maximum drawdown	-0.09	2.43	-2.52
Martin ratio Return relative to average drawdown	-0.20	5.81	-6.01
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. GDMN - Sharpe Ratio Comparison

The current WCLD Sharpe Ratio is -0.09, which is lower than the GDMN Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of WCLD and GDMN, 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	GDMN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.09	1.36	-1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.83	-0.70

Drawdowns

WCLD vs. GDMN - Drawdown Comparison

The maximum WCLD drawdown since its inception was -64.90%, which is greater than GDMN's maximum drawdown of -52.82%. Use the drawdown chart below to compare losses from any high point for WCLD and GDMN.

Drawdown Indicators

	WCLD	GDMN	Difference
Max Drawdown Largest peak-to-trough decline	-64.90%	-52.82%	-12.08%
Max Drawdown (1Y) Largest decline over 1 year	-34.68%	-39.03%	+4.35%
Max Drawdown (3Y) Largest decline over 3 years	-42.06%	-39.03%	-3.03%
Max Drawdown (5Y) Largest decline over 5 years	-64.90%	—	—
Current Drawdown Current decline from peak	-46.78%	-34.66%	-12.12%
Average Drawdown Average peak-to-trough decline	-35.54%	-18.87%	-16.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.71%	16.34%	-1.63%

Volatility

WCLD vs. GDMN - Volatility Comparison

The current volatility for WisdomTree Cloud Computing Fund (WCLD) is 15.21%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 17.89%. This indicates that WCLD experiences smaller price fluctuations and is considered to be less risky than GDMN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCLD	GDMN	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.21%	17.89%	-2.68%
Volatility (6M) Calculated over the trailing 6-month period	29.91%	51.66%	-21.75%
Volatility (1Y) Calculated over the trailing 1-year period	34.67%	61.52%	-26.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.41%	47.57%	-10.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.46%	47.57%	-10.11%

WCLD vs. GDMN - Expense Ratio Comparison

Both WCLD and GDMN have an expense ratio of 0.45%.

Dividends

WCLD vs. GDMN - Dividend Comparison

WCLD has not paid dividends to shareholders, while GDMN's dividend yield for the trailing twelve months is around 2.71%.

Position	TTM	2025	2024	2023	2022
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	2.71%	2.70%	9.44%	7.69%	1.44%
WCLD WisdomTree Cloud Computing Fund	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WCLD and GDMN in my portfolio?

WCLD and GDMN have a correlation of 0.01, 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 GDMN?

GDMN has higher volatility (17.89%) compared to WCLD (15.21%). In terms of maximum drawdown, WCLD dropped -64.90% vs GDMN's -52.82%.

Which ETF is better, WCLD or GDMN?

On 3-year performance, GDMN leads with 62.97% vs 4.16% for WCLD. Both ETFs have the same 0.45% expense ratio. On volatility, WCLD has been the lower-risk option at 15.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WCLD or GDMN?

Over the 3-year period, GDMN has performed better with a 62.97% return vs 4.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WCLD or GDMN?

WCLD and GDMN have the same expense ratio: 0.45% per year.

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

GDMN has the higher dividend yield at 2.71%, compared with 0.00% for WCLD.

What is the main difference between WCLD and GDMN?

WCLD is categorized as Technology Equities, while GDMN is Commodities.

Which has better risk-adjusted returns?

GDMN currently has the higher Sharpe Ratio (1.36 vs -0.09), 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.