WCLD vs. GINN

Last updated Jun 24, 2026

WCLD (WisdomTree Cloud Computing Fund) and GINN (Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF) are both Technology Equities funds - WCLD tracks the BVP Nasdaq Emerging Cloud Index while GINN tracks the Solactive Innovative Global Equity Index. Both are passively managed. Over the past 5 years, WCLD returned -12.33%/yr vs 5.45%/yr for GINN. A 0.79 correlation means they provide meaningful diversification when combined. WCLD charges 0.45%/yr vs 0.50%/yr for GINN.

Performance

WCLD vs. GINN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Cloud Computing Fund (WCLD) and Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCLD achieves a -16.34% return, which is significantly lower than GINN's 5.00% return.

WCLD

• 1D: 1.21%
• 1M: -3.05%
• YTD: -16.34%
• 6M: -17.42%
• 1Y: -16.84%
• 3Y*: -1.60%
• 5Y*: -12.33%
• 10Y*: —

GINN

• 1D: -1.06%
• 1M: -1.95%
• YTD: 5.00%
• 6M: 3.65%
• 1Y: 20.17%
• 3Y*: 18.28%
• 5Y*: 5.45%
• 10Y*: —

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

WCLD vs. GINN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
WCLD WisdomTree Cloud Computing Fund	-16.34%	-6.69%	7.35%	39.35%	-51.64%	-3.21%	14.81%
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	5.00%	20.25%	18.71%	29.94%	-32.40%	10.39%	8.08%

Correlation

The correlation between WCLD and GINN is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Nov 9, 2020	0.79

Over the past year, the correlation between WCLD and GINN has dropped to 0.54 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

WCLD vs. GINN - Sectors Allocation Comparison

Sectors	WCLD	GINN
Technology	97.3%	32.6%
Healthcare	2.7%	20.6%
Communication Services	2.5%	10.7%
Basic Materials	-	0.1%
Consumer Cyclical	-	12.7%
Consumer Defensive	-	1.8%
Energy	-	1.7%
Financial Services	-	12.4%
Industrials	-	4.7%
Real Estate	-	0.6%
Utilities	-	1.7%

Return for Risk

WCLD vs. GINN — Risk / Return Rank

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

WCLD

WCLD Risk / Return Rank: 5
WCLD Sharpe Ratio Rank: 5
WCLD Sortino Ratio Rank: 5
WCLD Omega Ratio Rank: 5
WCLD Calmar Ratio Rank: 5
WCLD Martin Ratio Rank: 4

GINN

GINN Risk / Return Rank: 35
GINN Sharpe Ratio Rank: 36
GINN Sortino Ratio Rank: 35
GINN Omega Ratio Rank: 34
GINN Calmar Ratio Rank: 33
GINN 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. GINN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cloud Computing Fund (WCLD) and Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN). 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	GINN	Difference
Sharpe ratio: Return per unit of total volatility	-0.48	1.22	-1.70
Sortino ratio: Return per unit of downside risk	-0.48	1.75	-2.23
Omega ratio: Gain probability vs. loss probability	0.94	1.22	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.49	1.54	-2.02
Martin ratio: Return relative to average drawdown	-1.11	5.39	-6.50

WCLD vs. GINN - Sharpe Ratio Comparison

The current WCLD Sharpe Ratio is -0.48, which is lower than the GINN Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of WCLD and GINN, 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. GINN - Drawdown Comparison

The maximum WCLD drawdown since its inception was -64.90%, which is greater than GINN's maximum drawdown of -41.25%. Use the drawdown chart below to compare losses from any high point for WCLD and GINN.

Drawdown Indicators

	WCLD	GINN	Difference
Max Drawdown Largest peak-to-trough decline	-64.90%	-41.25%	-23.65%
Max Drawdown (1Y) Largest decline over 1 year	-34.68%	-13.18%	-21.50%
Max Drawdown (3Y) Largest decline over 3 years	-42.06%	-22.25%	-19.81%
Max Drawdown (5Y) Largest decline over 5 years	-64.90%	-41.25%	-23.65%
Current Drawdown Current decline from peak	-55.17%	-4.93%	-50.24%
Average Drawdown Average peak-to-trough decline	-35.66%	-13.28%	-22.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.20%	3.75%	+11.45%

Volatility

WCLD vs. GINN - Volatility Comparison

WisdomTree Cloud Computing Fund (WCLD) has a higher volatility of 15.36% compared to Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) at 5.81%. This indicates that WCLD's price experiences larger fluctuations and is considered to be riskier than GINN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCLD	GINN	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.36%	5.81%	+9.55%
Volatility (6M) Calculated over the trailing 6-month period	30.45%	12.92%	+17.53%
Volatility (1Y) Calculated over the trailing 1-year period	35.22%	16.57%	+18.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.46%	21.44%	+16.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.40%	21.07%	+16.33%

WCLD vs. GINN - Expense Ratio Comparison

WCLD has a 0.45% expense ratio, which is lower than GINN's 0.50% expense ratio.

Dividends

WCLD vs. GINN - Dividend Comparison

WCLD has not paid dividends to shareholders, while GINN's dividend yield for the trailing twelve months is around 1.20%.

Position	TTM	2025	2024	2023	2022	2021	2020
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	1.20%	1.26%	1.26%	1.01%	0.69%	0.67%	0.07%
WCLD WisdomTree Cloud Computing Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WCLD and GINN in my portfolio?

WCLD and GINN have a correlation of 0.54, 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 GINN?

WCLD has higher volatility (15.36%) compared to GINN (5.81%). In terms of maximum drawdown, WCLD dropped -64.90% vs GINN's -41.25%.

Which ETF is better, WCLD or GINN?

On 5-year performance, GINN leads with 5.45% vs -12.33% for WCLD. On fees, WCLD is cheaper at 0.45% per year. On volatility, GINN has been the lower-risk option at 5.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WCLD or GINN?

Over the 5-year period, GINN has performed better with a 5.45% return vs -12.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WCLD or GINN?

WCLD is cheaper with a 0.45% expense ratio, compared with 0.50% for GINN.

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

GINN has the higher dividend yield at 1.20%, compared with 0.00% for WCLD.

What is the main difference between WCLD and GINN?

WCLD tracks BVP Nasdaq Emerging Cloud Index, while GINN tracks Solactive Innovative Global Equity Index. They also come from different issuers: WisdomTree and Goldman Sachs. Their fees differ too: 0.45% for WCLD and 0.50% for GINN.

Which has better risk-adjusted returns?

GINN currently has the higher Sharpe Ratio (1.22 vs -0.48), 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.