WCLD vs. SKYY
Compare and contrast key facts about WisdomTree Cloud Computing Fund (WCLD) and First Trust ISE Cloud Computing Index Fund (SKYY).
WCLD and SKYY 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. SKYY is a passively managed fund by First Trust that tracks the performance of the ISE Cloud Computing Index. It was launched on Jul 5, 2011. Both WCLD and SKYY 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 SKYY.
Correlation
The correlation between WCLD and SKYY is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WCLD vs. SKYY - Performance Comparison
Key characteristics
WCLD:
0.01
SKYY:
0.40
WCLD:
0.23
SKYY:
0.75
WCLD:
1.03
SKYY:
1.10
WCLD:
0.00
SKYY:
0.38
WCLD:
0.02
SKYY:
1.28
WCLD:
10.54%
SKYY:
9.40%
WCLD:
30.76%
SKYY:
29.82%
WCLD:
-64.90%
SKYY:
-53.20%
WCLD:
-49.93%
SKYY:
-21.23%
Returns By Period
The year-to-date returns for both stocks are quite close, with WCLD having a -12.82% return and SKYY slightly lower at -13.26%.
WCLD
-12.82%
-0.79%
-0.64%
-0.30%
3.59%
N/A
SKYY
-13.26%
-0.19%
-1.85%
11.12%
11.52%
13.43%
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WCLD vs. SKYY - Expense Ratio Comparison
WCLD has a 0.45% expense ratio, which is lower than SKYY's 0.60% expense ratio.
Risk-Adjusted Performance
WCLD vs. SKYY — Risk-Adjusted Performance Rank
WCLD
SKYY
WCLD vs. SKYY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cloud Computing Fund (WCLD) and First Trust ISE Cloud Computing Index Fund (SKYY). 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. SKYY - Dividend Comparison
Neither WCLD nor SKYY has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SKYY First Trust ISE Cloud Computing Index Fund | 0.00% | 0.00% | 0.00% | 0.23% | 0.78% | 0.17% | 0.54% | 0.95% | 0.27% | 0.35% | 0.41% | 0.17% |
Drawdowns
WCLD vs. SKYY - Drawdown Comparison
The maximum WCLD drawdown since its inception was -64.90%, which is greater than SKYY's maximum drawdown of -53.20%. Use the drawdown chart below to compare losses from any high point for WCLD and SKYY. For additional features, visit the drawdowns tool.
Volatility
WCLD vs. SKYY - Volatility Comparison
WisdomTree Cloud Computing Fund (WCLD) and First Trust ISE Cloud Computing Index Fund (SKYY) have volatilities of 18.49% and 18.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.