WCLD vs. SCHG

Last updated Jul 14, 2026

WCLD (WisdomTree Cloud Computing Fund) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both exchange-traded funds - WCLD is a Technology Equities fund tracking the BVP Nasdaq Emerging Cloud Index, while SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. Both are passively managed. Over the past 5 years, WCLD returned -8.91%/yr vs 13.40%/yr for SCHG. A 0.72 correlation means they provide meaningful diversification when combined. WCLD charges 0.45%/yr vs 0.04%/yr for SCHG.

Performance

WCLD vs. SCHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Cloud Computing Fund (WCLD) and Schwab U.S. Large-Cap Growth ETF (SCHG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCLD achieves a -1.20% return, which is significantly lower than SCHG's 5.60% return.

WCLD

• 1D: 2.16%
• 1M: 13.00%
• 6M: -0.14%
• YTD: -1.20%
• 1Y: -0.35%
• 3Y*: 1.37%
• 5Y*: -8.91%
• 10Y*: —

SCHG

• 1D: -0.81%
• 1M: 2.95%
• 6M: 4.67%
• YTD: 5.60%
• 1Y: 17.59%
• 3Y*: 22.02%
• 5Y*: 13.40%
• 10Y*: 18.43%

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

WCLD vs. SCHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
WCLD WisdomTree Cloud Computing Fund	-1.20%	-6.69%	7.35%	39.35%	-51.64%	-3.21%	109.71%	0.84%
SCHG Schwab U.S. Large-Cap Growth ETF	5.60%	17.50%	34.95%	50.10%	-31.80%	28.11%	39.14%	9.33%

Correlation

The correlation between WCLD and SCHG is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Sep 6, 2019	0.72

Over the past year, the correlation between WCLD and SCHG has dropped to 0.48 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

WCLD vs. SCHG - Sectors Allocation Comparison

Sectors	WCLD	SCHG
Technology	97.3%	46.7%
Healthcare	2.7%	8.4%
Communication Services	2.5%	15.3%
Basic Materials	-	1.3%
Consumer Cyclical	-	12.4%
Consumer Defensive	-	1.6%
Energy	-	0.7%
Financial Services	-	6.6%
Industrials	-	6.0%
Real Estate	-	0.5%
Utilities	-	0.4%

Return for Risk

WCLD vs. SCHG — Risk / Return Rank

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

WCLD

WCLD Risk / Return Rank: 10
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

SCHG

SCHG Risk / Return Rank: 33
SCHG Sharpe Ratio Rank: 38
SCHG Sortino Ratio Rank: 35
SCHG Omega Ratio Rank: 35
SCHG Calmar Ratio Rank: 27
SCHG Martin Ratio Rank: 30

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. SCHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cloud Computing Fund (WCLD) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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	SCHG	Difference
Sharpe ratio: Return per unit of total volatility	-0.01	1.08	-1.09
Sortino ratio: Return per unit of downside risk	0.24	1.53	-1.29
Omega ratio: Gain probability vs. loss probability	1.03	1.19	-0.17
Calmar ratio: Return relative to maximum drawdown	-0.01	1.08	-1.09
Martin ratio: Return relative to average drawdown	-0.02	3.45	-3.47

WCLD vs. SCHG - Sharpe Ratio Comparison

The current WCLD Sharpe Ratio is -0.01, which is lower than the SCHG Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of WCLD and SCHG, 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. SCHG - Drawdown Comparison

The maximum WCLD drawdown since its inception was -64.90%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for WCLD and SCHG.

Drawdown Indicators

	WCLD	SCHG	Difference
Max Drawdown Largest peak-to-trough decline	-64.90%	-34.59%	-30.31%
Max Drawdown (1Y) Largest decline over 1 year	-34.68%	-16.41%	-18.27%
Max Drawdown (3Y) Largest decline over 3 years	-42.06%	-23.39%	-18.67%
Max Drawdown (5Y) Largest decline over 5 years	-64.90%	-34.59%	-30.31%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.59%	—
Current Drawdown Current decline from peak	-47.05%	-2.54%	-44.51%
Average Drawdown Average peak-to-trough decline	-35.77%	-5.19%	-30.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.42%	5.11%	+10.31%

Volatility

WCLD vs. SCHG - Volatility Comparison

WisdomTree Cloud Computing Fund (WCLD) has a higher volatility of 9.75% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 5.17%. This indicates that WCLD's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCLD	SCHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.75%	5.17%	+4.58%
Volatility (6M) Calculated over the trailing 6-month period	31.29%	12.75%	+18.54%
Volatility (1Y) Calculated over the trailing 1-year period	35.98%	16.33%	+19.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.65%	22.41%	+15.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.42%	21.57%	+15.85%

WCLD vs. SCHG - Expense Ratio Comparison

WCLD has a 0.45% expense ratio, which is higher than SCHG's 0.04% expense ratio.

Dividends

WCLD vs. SCHG - Dividend Comparison

WCLD has not paid dividends to shareholders, while SCHG's dividend yield for the trailing twelve months is around 0.38%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHG Schwab U.S. Large-Cap Growth ETF	0.38%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%
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 SCHG in my portfolio?

WCLD and SCHG have a correlation of 0.48, 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 SCHG?

WCLD has higher volatility (9.75%) compared to SCHG (5.17%). In terms of maximum drawdown, WCLD dropped -64.90% vs SCHG's -34.59%.

Which ETF is better, WCLD or SCHG?

On 5-year performance, SCHG leads with 13.40% vs -8.91% for WCLD. On fees, SCHG is cheaper at 0.04% per year. On volatility, SCHG has been the lower-risk option at 5.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WCLD or SCHG?

Over the 5-year period, SCHG has performed better with a 13.40% return vs -8.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WCLD or SCHG?

SCHG is cheaper with a 0.04% expense ratio, compared with 0.45% for WCLD.

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

SCHG has the higher dividend yield at 0.38%, compared with 0.00% for WCLD.

What is the main difference between WCLD and SCHG?

WCLD is categorized as Technology Equities, while SCHG is Large Cap Growth Equities. WCLD tracks BVP Nasdaq Emerging Cloud Index, while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index. They also come from different issuers: WisdomTree and Charles Schwab. Their fees differ too: 0.45% for WCLD and 0.04% for SCHG.

Which has better risk-adjusted returns?

SCHG currently has the higher Sharpe Ratio (1.08 vs -0.01), 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.