WCLD vs. SOXQ

Last updated Aug 4, 2026

WCLD (WisdomTree Cloud Computing Fund) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - WCLD is a Technology Equities fund tracking the BVP Nasdaq Emerging Cloud Index, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 5 years, WCLD returned -9.01%/yr vs 28.30%/yr for SOXQ. Their 0.53 correlation means they have sometimes moved together and sometimes differently. WCLD charges 0.45%/yr vs 0.19%/yr for SOXQ.

Performance

WCLD vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Cloud Computing Fund (WCLD) and Invesco PHLX Semiconductor ETF (SOXQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCLD achieves a 4.48% return, which is significantly lower than SOXQ's 61.64% return.

WCLD

• 1D: 3.07%
• 1M: 9.13%
• 6M: 21.53%
• YTD: 4.48%
• 1Y: 7.59%
• 3Y*: 4.20%
• 5Y*: -9.01%
• 10Y*: —
• ALL TIME*: 5.46%

SOXQ

• 1D: 1.04%
• 1M: -9.38%
• 6M: 40.74%
• YTD: 61.64%
• 1Y: 107.64%
• 3Y*: 46.52%
• 5Y*: 28.30%
• 10Y*: —
• ALL TIME*: 29.21%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SOXQ Invesco PHLX Semiconductor ETF	$211.18M	$220.46M	$283.01M
WCLD WisdomTree Cloud Computing Fund	$34.13M	$31.66M	$33.85M

WCLD vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WCLD WisdomTree Cloud Computing Fund	4.48%	-6.69%	7.35%	39.35%	-51.64%	0.39%
SOXQ Invesco PHLX Semiconductor ETF	61.64%	43.11%	20.16%	66.74%	-35.59%	25.19%

Correlation

The correlation between WCLD and SOXQ is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.06
Correlation (3Y) Balances recent behavior with more history.	0.39
Correlation (5Y) Shows whether the relationship held over a longer period.	0.53
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021	0.53

Over the past year, the correlation between WCLD and SOXQ has dropped to 0.06 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.

WCLD vs. SOXQ - Sectors Allocation Comparison

Sectors	WCLD	SOXQ
Technology	97.2%	99.9%
Healthcare	2.8%	-
Communication Services	2.5%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.1%
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

WCLD vs. SOXQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WCLD

WCLD Risk / Return Rank: 16
WCLD Sharpe Ratio Rank: 15
WCLD Sortino Ratio Rank: 17
WCLD Omega Ratio Rank: 17
WCLD Calmar Ratio Rank: 14
WCLD Martin Ratio Rank: 14

SOXQ

SOXQ Risk / Return Rank: 88
SOXQ Sharpe Ratio Rank: 93
SOXQ Sortino Ratio Rank: 84
SOXQ Omega Ratio Rank: 85
SOXQ Calmar Ratio Rank: 89
SOXQ Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WCLD vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cloud Computing Fund (WCLD) and Invesco PHLX Semiconductor ETF (SOXQ). 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	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	0.21	2.50	-2.29
Sortino ratio: Return per unit of downside risk	0.55	2.80	-2.25
Omega ratio: Gain probability vs. loss probability	1.07	1.38	-0.31
Calmar ratio: Return relative to maximum drawdown	0.22	3.79	-3.57
Martin ratio: Return relative to average drawdown	0.49	15.50	-15.01

WCLD vs. SOXQ - Sharpe Ratio Comparison

The current WCLD Sharpe Ratio is 0.21, which is lower than the SOXQ Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of WCLD and SOXQ, 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. SOXQ - Drawdown Comparison

The maximum WCLD drawdown since its inception was -64.90%, which is greater than SOXQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for WCLD and SOXQ.

Drawdown Indicators

	WCLD	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-64.90%	-46.01%	-18.89%
Max Drawdown (1Y) Largest decline over 1 year	-34.68%	-28.56%	-6.12%
Max Drawdown (3Y) Largest decline over 3 years	-42.06%	-39.36%	-2.70%
Max Drawdown (5Y) Largest decline over 5 years	-64.90%	-46.01%	-18.89%
Current Drawdown Current decline from peak	-44.01%	-21.83%	-22.18%
Average Drawdown Average peak-to-trough decline	-35.87%	-12.92%	-22.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.43%	6.97%	+8.46%

Volatility

WCLD vs. SOXQ - Volatility Comparison

The current volatility for WisdomTree Cloud Computing Fund (WCLD) is 10.69%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 16.48%. This indicates that WCLD experiences smaller price fluctuations and is considered to be less risky than SOXQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCLD	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.69%	16.48%	-5.79%
Volatility (6M) Calculated over the trailing 6-month period	31.59%	37.48%	-5.89%
Volatility (1Y) Calculated over the trailing 1-year period	36.89%	43.45%	-6.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.83%	38.30%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.44%	37.92%	-0.48%

WCLD vs. SOXQ - Expense Ratio Comparison

WCLD has a 0.45% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

Dividends

WCLD vs. SOXQ - Dividend Comparison

WCLD has not paid dividends to shareholders, while SOXQ's dividend yield for the trailing twelve months is around 0.32%.

Position	TTM	2025	2024	2023	2022	2021
SOXQ Invesco PHLX Semiconductor ETF	0.32%	0.50%	0.68%	0.87%	1.36%	0.72%
WCLD WisdomTree Cloud Computing Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WCLD and SOXQ in my portfolio?

WCLD and SOXQ have a correlation of 0.06, 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 SOXQ?

SOXQ has higher volatility (16.48%) compared to WCLD (10.69%). In terms of maximum drawdown, WCLD dropped -64.90% vs SOXQ's -46.01%.

Which ETF is better, WCLD or SOXQ?

On 5-year performance, SOXQ leads with 28.30% vs -9.01% for WCLD. On fees, SOXQ is cheaper at 0.19% per year. On volatility, WCLD has been the lower-risk option at 10.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WCLD or SOXQ?

Over the 5-year period, SOXQ has performed better with a 28.30% return vs -9.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WCLD or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.45% for WCLD.

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

SOXQ has the higher dividend yield at 0.32%, compared with 0.00% for WCLD.

What is the main difference between WCLD and SOXQ?

WCLD is categorized as Technology Equities, while SOXQ is Semiconductors. WCLD tracks BVP Nasdaq Emerging Cloud Index, while SOXQ tracks PHLX Semiconductor Sector Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.45% for WCLD and 0.19% for SOXQ.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (2.50 vs 0.21), 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.