WCLD vs. SPLG
Compare and contrast key facts about WisdomTree Cloud Computing Fund (WCLD) and SPDR Portfolio S&P 500 ETF (SPLG).
WCLD and SPLG 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. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005. Both WCLD and SPLG 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 SPLG.
Key characteristics
| WCLD | SPLG | |
|---|---|---|
| YTD Return | -6.21% | 7.70% |
| 1Y Return | 23.09% | 24.57% |
| 3Y Return (Ann) | -13.90% | 8.63% |
| Sharpe Ratio | 0.81 | 2.23 |
| Daily Std Dev | 26.90% | 11.53% |
| Max Drawdown | -64.90% | -54.50% |
| Current Drawdown | -49.82% | -2.49% |
Correlation
The correlation between WCLD and SPLG 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. SPLG - Performance Comparison
In the year-to-date period, WCLD achieves a -6.21% return, which is significantly lower than SPLG's 7.70% 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. SPLG - Expense Ratio Comparison
WCLD has a 0.45% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
WCLD vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cloud Computing Fund (WCLD) and SPDR Portfolio S&P 500 ETF (SPLG). 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. SPLG - Dividend Comparison
WCLD has not paid dividends to shareholders, while SPLG's dividend yield for the trailing twelve months is around 1.37%.
| 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% |
SPLG SPDR Portfolio S&P 500 ETF | 1.37% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% | 1.71% |
Drawdowns
WCLD vs. SPLG - Drawdown Comparison
The maximum WCLD drawdown since its inception was -64.90%, which is greater than SPLG's maximum drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for WCLD and SPLG. For additional features, visit the drawdowns tool.
Volatility
WCLD vs. SPLG - Volatility Comparison
WisdomTree Cloud Computing Fund (WCLD) has a higher volatility of 6.83% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 3.62%. This indicates that WCLD's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.