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.
Key characteristics
| WCLD | SKYY | |
|---|---|---|
| YTD Return | -7.90% | 4.65% |
| 1Y Return | 25.40% | 49.94% |
| 3Y Return (Ann) | -12.61% | -1.66% |
| Sharpe Ratio | 1.00 | 2.34 |
| Daily Std Dev | 26.76% | 21.90% |
| Max Drawdown | -64.90% | -53.20% |
| Current Drawdown | -50.73% | -22.64% |
Correlation
The correlation between WCLD and SKYY is 0.93, 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. SKYY - Performance Comparison
In the year-to-date period, WCLD achieves a -7.90% return, which is significantly lower than SKYY's 4.65% 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. 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 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 | 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% |
SKYY First Trust ISE Cloud Computing Index Fund | 0.00% | 0.00% | 0.23% | 0.78% | 0.17% | 0.54% | 0.94% | 0.27% | 0.35% | 0.40% | 0.16% |
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) has a higher volatility of 7.05% compared to First Trust ISE Cloud Computing Index Fund (SKYY) at 6.38%. This indicates that WCLD's price experiences larger fluctuations and is considered to be riskier than SKYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.