WCLD vs. TDV

Last updated Jun 24, 2026

WCLD (WisdomTree Cloud Computing Fund) and TDV (ProShares S&P Technology Dividend Aristocrats ETF) are both Technology Equities funds - WCLD tracks the BVP Nasdaq Emerging Cloud Index while TDV tracks the Zacks 2040 Lifecycle Index. Both are passively managed. Over the past 5 years, WCLD returned -12.33%/yr vs 12.89%/yr for TDV. A 0.61 correlation means they provide meaningful diversification when combined. WCLD charges 0.45%/yr vs 0.66%/yr for TDV.

Performance

WCLD vs. TDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Cloud Computing Fund (WCLD) and ProShares S&P Technology Dividend Aristocrats ETF (TDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCLD achieves a -16.34% return, which is significantly lower than TDV's 17.21% return.

WCLD

• 1D: 1.21%
• 1M: -3.05%
• YTD: -16.34%
• 6M: -17.42%
• 1Y: -16.84%
• 3Y*: -1.60%
• 5Y*: -12.33%
• 10Y*: —

TDV

• 1D: -3.13%
• 1M: 0.28%
• YTD: 17.21%
• 6M: 15.19%
• 1Y: 26.66%
• 3Y*: 18.07%
• 5Y*: 12.89%
• 10Y*: —

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

WCLD vs. TDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
WCLD WisdomTree Cloud Computing Fund	-16.34%	-6.69%	7.35%	39.35%	-51.64%	-3.21%	109.71%	6.06%
TDV ProShares S&P Technology Dividend Aristocrats ETF	17.21%	16.05%	9.72%	27.29%	-15.94%	28.29%	29.00%	2.86%

Correlation

The correlation between WCLD and TDV is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019	0.61

The correlation between WCLD and TDV shifts across timeframes, from 0.44 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.

WCLD vs. TDV - Sectors Allocation Comparison

Sectors	WCLD	TDV
Technology	97.3%	90.7%
Healthcare	2.7%	-
Communication Services	2.5%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	4.9%
Industrials	-	4.4%
Real Estate	-	-
Utilities	-	-

Return for Risk

WCLD vs. TDV — Risk / Return Rank

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

WCLD

WCLD Risk / Return Rank: 5
WCLD Sharpe Ratio Rank: 5
WCLD Sortino Ratio Rank: 5
WCLD Omega Ratio Rank: 5
WCLD Calmar Ratio Rank: 5
WCLD Martin Ratio Rank: 4

TDV

TDV Risk / Return Rank: 48
TDV Sharpe Ratio Rank: 43
TDV Sortino Ratio Rank: 40
TDV Omega Ratio Rank: 41
TDV Calmar Ratio Rank: 59
TDV Martin Ratio Rank: 55

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. TDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cloud Computing Fund (WCLD) and ProShares S&P Technology Dividend Aristocrats ETF (TDV). 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	TDV	Difference
Sharpe ratio: Return per unit of total volatility	-0.48	1.45	-1.93
Sortino ratio: Return per unit of downside risk	-0.48	1.98	-2.46
Omega ratio: Gain probability vs. loss probability	0.94	1.26	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.49	2.80	-3.29
Martin ratio: Return relative to average drawdown	-1.11	9.19	-10.30

WCLD vs. TDV - Sharpe Ratio Comparison

The current WCLD Sharpe Ratio is -0.48, which is lower than the TDV Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of WCLD and TDV, 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. TDV - Drawdown Comparison

The maximum WCLD drawdown since its inception was -64.90%, which is greater than TDV's maximum drawdown of -32.78%. Use the drawdown chart below to compare losses from any high point for WCLD and TDV.

Drawdown Indicators

	WCLD	TDV	Difference
Max Drawdown Largest peak-to-trough decline	-64.90%	-32.78%	-32.12%
Max Drawdown (1Y) Largest decline over 1 year	-34.68%	-9.55%	-25.13%
Max Drawdown (3Y) Largest decline over 3 years	-42.06%	-22.51%	-19.55%
Max Drawdown (5Y) Largest decline over 5 years	-64.90%	-25.11%	-39.79%
Current Drawdown Current decline from peak	-55.17%	-5.17%	-50.00%
Average Drawdown Average peak-to-trough decline	-35.66%	-5.35%	-30.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.20%	2.91%	+12.29%

Volatility

WCLD vs. TDV - Volatility Comparison

WisdomTree Cloud Computing Fund (WCLD) has a higher volatility of 15.36% compared to ProShares S&P Technology Dividend Aristocrats ETF (TDV) at 8.96%. This indicates that WCLD's price experiences larger fluctuations and is considered to be riskier than TDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCLD	TDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.36%	8.96%	+6.40%
Volatility (6M) Calculated over the trailing 6-month period	30.45%	14.58%	+15.87%
Volatility (1Y) Calculated over the trailing 1-year period	35.22%	18.56%	+16.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.46%	20.69%	+16.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.40%	23.30%	+14.10%

WCLD vs. TDV - Expense Ratio Comparison

WCLD has a 0.45% expense ratio, which is lower than TDV's 0.66% expense ratio.

Dividends

WCLD vs. TDV - Dividend Comparison

WCLD has not paid dividends to shareholders, while TDV's dividend yield for the trailing twelve months is around 0.98%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
TDV ProShares S&P Technology Dividend Aristocrats ETF	0.98%	1.09%	1.16%	1.16%	1.67%	1.08%	1.10%	0.11%
WCLD WisdomTree Cloud Computing Fund	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 TDV in my portfolio?

WCLD and TDV have a correlation of 0.44, 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 TDV?

WCLD has higher volatility (15.36%) compared to TDV (8.96%). In terms of maximum drawdown, WCLD dropped -64.90% vs TDV's -32.78%.

Which ETF is better, WCLD or TDV?

On 5-year performance, TDV leads with 12.89% vs -12.33% for WCLD. On fees, WCLD is cheaper at 0.45% per year. On volatility, TDV has been the lower-risk option at 8.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WCLD or TDV?

Over the 5-year period, TDV has performed better with a 12.89% return vs -12.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WCLD or TDV?

WCLD is cheaper with a 0.45% expense ratio, compared with 0.66% for TDV.

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

TDV has the higher dividend yield at 0.98%, compared with 0.00% for WCLD.

What is the main difference between WCLD and TDV?

WCLD tracks BVP Nasdaq Emerging Cloud Index, while TDV tracks Zacks 2040 Lifecycle Index. They also come from different issuers: WisdomTree and ProShares. Their fees differ too: 0.45% for WCLD and 0.66% for TDV.

Which has better risk-adjusted returns?

TDV currently has the higher Sharpe Ratio (1.45 vs -0.48), 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.