WCLD vs. QQQ
Compare and contrast key facts about WisdomTree Cloud Computing Fund (WCLD) and Invesco QQQ (QQQ).
WCLD and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both WCLD and QQQ 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 QQQ.
Key characteristics
| WCLD | QQQ | |
|---|---|---|
| YTD Return | 8.58% | 25.63% |
| 1Y Return | 26.16% | 33.85% |
| 3Y Return (Ann) | -16.12% | 9.83% |
| 5Y Return (Ann) | 8.43% | 21.21% |
| Sharpe Ratio | 1.37 | 2.12 |
| Sortino Ratio | 1.91 | 2.79 |
| Omega Ratio | 1.24 | 1.38 |
| Calmar Ratio | 0.59 | 2.71 |
| Martin Ratio | 2.83 | 9.88 |
| Ulcer Index | 11.63% | 3.72% |
| Daily Std Dev | 24.00% | 17.31% |
| Max Drawdown | -64.90% | -82.98% |
| Current Drawdown | -41.91% | -0.37% |
Correlation
The correlation between WCLD and QQQ is 0.74, 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. QQQ - Performance Comparison
In the year-to-date period, WCLD achieves a 8.58% return, which is significantly lower than QQQ's 25.63% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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WCLD vs. QQQ - Expense Ratio Comparison
WCLD has a 0.45% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
WCLD vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cloud Computing Fund (WCLD) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
WCLD has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
WCLD vs. QQQ - Drawdown Comparison
The maximum WCLD drawdown since its inception was -64.90%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for WCLD and QQQ. For additional features, visit the drawdowns tool.
Volatility
WCLD vs. QQQ - Volatility Comparison
WisdomTree Cloud Computing Fund (WCLD) has a higher volatility of 6.23% compared to Invesco QQQ (QQQ) at 4.91%. This indicates that WCLD's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.