WCLD vs. GXPT

Last updated Jun 23, 2026

WCLD (WisdomTree Cloud Computing Fund) and GXPT (Global X PureCap MSCI Information Technology ETF) are both Technology Equities funds - WCLD tracks the BVP Nasdaq Emerging Cloud Index while GXPT tracks the MSCI USA Information Technology PureCap Index. Both are passively managed. At a 0.41 correlation, their price movements are largely independent. WCLD charges 0.45%/yr vs 0.15%/yr for GXPT.

Performance

WCLD vs. GXPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Cloud Computing Fund (WCLD) and Global X PureCap MSCI Information Technology ETF (GXPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCLD achieves a -17.34% return, which is significantly lower than GXPT's 21.02% return.

WCLD

• 1D: -2.07%
• 1M: -4.21%
• YTD: -17.34%
• 6M: -19.59%
• 1Y: -16.51%
• 3Y*: -1.99%
• 5Y*: -12.45%
• 10Y*: —

GXPT

• 1D: -0.12%
• 1M: 2.57%
• YTD: 21.02%
• 6M: 20.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WCLD vs. GXPT - Yearly Performance Comparison

	2026 (YTD)	2025
WCLD WisdomTree Cloud Computing Fund	-17.34%	-3.26%
GXPT Global X PureCap MSCI Information Technology ETF	21.02%	11.47%

Correlation

The correlation between WCLD and GXPT is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.41

Return for Risk

WCLD vs. GXPT — 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

GXPT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. GXPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cloud Computing Fund (WCLD) and Global X PureCap MSCI Information Technology ETF (GXPT). 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	GXPT	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	—	—
Sortino ratio: Return per unit of downside risk	-0.47	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.48	—	—
Martin ratio: Return relative to average drawdown	-1.09	—	—

Drawdowns

WCLD vs. GXPT - Drawdown Comparison

The maximum WCLD drawdown since its inception was -64.90%, which is greater than GXPT's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for WCLD and GXPT.

Drawdown Indicators

	WCLD	GXPT	Difference
Max Drawdown Largest peak-to-trough decline	-64.90%	-18.74%	-46.16%
Max Drawdown (1Y) Largest decline over 1 year	-34.68%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-42.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-64.90%	—	—
Current Drawdown Current decline from peak	-55.70%	-5.47%	-50.23%
Average Drawdown Average peak-to-trough decline	-35.65%	-5.03%	-30.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.14%	—	—

Volatility

Volatility by Period

	WCLD	GXPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	35.27%	22.66%	+12.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.46%	22.66%	+14.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.41%	22.66%	+14.75%

WCLD vs. GXPT - Expense Ratio Comparison

WCLD has a 0.45% expense ratio, which is higher than GXPT's 0.15% expense ratio.

Dividends

WCLD vs. GXPT - Dividend Comparison

WCLD has not paid dividends to shareholders, while GXPT's dividend yield for the trailing twelve months is around 0.11%.

Position	TTM	2025
GXPT Global X PureCap MSCI Information Technology ETF	0.11%	0.14%
WCLD WisdomTree Cloud Computing Fund	0.00%	0.00%

Frequently Asked Questions

Can I hold both WCLD and GXPT in my portfolio?

WCLD and GXPT have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WCLD or GXPT?

On fees, GXPT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WCLD or GXPT?

GXPT is cheaper with a 0.15% expense ratio, compared with 0.45% for WCLD.

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

GXPT has the higher dividend yield at 0.11%, compared with 0.00% for WCLD.

What is the main difference between WCLD and GXPT?

WCLD tracks BVP Nasdaq Emerging Cloud Index, while GXPT tracks MSCI USA Information Technology PureCap Index. They also come from different issuers: WisdomTree and Global X. Their fees differ too: 0.45% for WCLD and 0.15% for GXPT.