WCLD vs. TPYP

Last updated Aug 6, 2026

WCLD (WisdomTree Cloud Computing Fund) and TPYP (Tortoise North American Pipeline Fund) are both exchange-traded funds - WCLD is a Technology Equities fund tracking the BVP Nasdaq Emerging Cloud Index, while TPYP is a MLPs fund tracking the Tortoise North American Pipeline Index. Both are passively managed. Over the past 5 years, WCLD returned -8.23%/yr vs 18.93%/yr for TPYP. Their 0.23 correlation means their historical movements had little consistent relationship. WCLD charges 0.45%/yr vs 0.40%/yr for TPYP.

Performance

WCLD vs. TPYP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Cloud Computing Fund (WCLD) and Tortoise North American Pipeline Fund (TPYP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCLD achieves a 9.11% return, which is significantly lower than TPYP's 20.31% return.

WCLD

• 1D: 0.63%
• 1M: 11.96%
• 6M: 35.70%
• YTD: 9.11%
• 1Y: 10.89%
• 3Y*: 5.72%
• 5Y*: -8.23%
• 10Y*: —
• ALL TIME*: 6.12%

TPYP

• 1D: -1.47%
• 1M: 0.33%
• 6M: 10.96%
• YTD: 20.31%
• 1Y: 22.13%
• 3Y*: 23.42%
• 5Y*: 18.93%
• 10Y*: 11.32%
• ALL TIME*: 9.51%

*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)
TPYP Tortoise North American Pipeline Fund	$2.68M	$2.32M	$2.66M
WCLD WisdomTree Cloud Computing Fund	$29.52M	$31.53M	$33.71M

WCLD vs. TPYP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
WCLD WisdomTree Cloud Computing Fund	9.11%	-6.69%	7.35%	39.35%	-51.64%	-3.21%	109.71%	0.84%
TPYP Tortoise North American Pipeline Fund	20.31%	7.59%	37.37%	10.51%	16.09%	34.97%	-20.99%	3.21%

Correlation

The correlation between WCLD and TPYP is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.12
Correlation (3Y) Balances recent behavior with more history.	0.16
Correlation (5Y) Shows whether the relationship held over a longer period.	0.25
Correlation (All Time) Calculated using the full available price history since Sep 6, 2019	0.23

The correlation between WCLD and TPYP shifts across timeframes, from -0.12 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.

WCLD vs. TPYP - Sectors Allocation Comparison

Sectors	WCLD	TPYP
Technology	97.2%	-
Healthcare	2.8%	-
Communication Services	2.5%	-
Basic Materials	-	0.1%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	69.6%
Financial Services	-	2.4%
Industrials	-	0.1%
Real Estate	-	-
Utilities	-	21.2%

Return for Risk

WCLD vs. TPYP — Risk / Return Rank

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

WCLD

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

TPYP

TPYP Risk / Return Rank: 61
TPYP Sharpe Ratio Rank: 58
TPYP Sortino Ratio Rank: 58
TPYP Omega Ratio Rank: 52
TPYP Calmar Ratio Rank: 80
TPYP Martin Ratio Rank: 57

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. TPYP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cloud Computing Fund (WCLD) and Tortoise North American Pipeline Fund (TPYP). 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	TPYP	Difference
Sharpe ratio: Return per unit of total volatility	0.30	1.60	-1.30
Sortino ratio: Return per unit of downside risk	0.67	2.26	-1.59
Omega ratio: Gain probability vs. loss probability	1.08	1.27	-0.19
Calmar ratio: Return relative to maximum drawdown	0.32	3.25	-2.94
Martin ratio: Return relative to average drawdown	0.71	7.64	-6.93

WCLD vs. TPYP - Sharpe Ratio Comparison

The current WCLD Sharpe Ratio is 0.30, which is lower than the TPYP Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of WCLD and TPYP, 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. TPYP - Drawdown Comparison

The maximum WCLD drawdown since its inception was -64.90%, which is greater than TPYP's maximum drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for WCLD and TPYP.

Drawdown Indicators

	WCLD	TPYP	Difference
Max Drawdown Largest peak-to-trough decline	-64.90%	-51.91%	-12.99%
Max Drawdown (1Y) Largest decline over 1 year	-34.68%	-6.84%	-27.84%
Max Drawdown (3Y) Largest decline over 3 years	-42.06%	-13.17%	-28.89%
Max Drawdown (5Y) Largest decline over 5 years	-64.90%	-17.96%	-46.94%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.91%	—
Current Drawdown Current decline from peak	-41.53%	-5.54%	-35.99%
Average Drawdown Average peak-to-trough decline	-35.88%	-7.82%	-28.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.43%	2.91%	+12.52%

Volatility

WCLD vs. TPYP - Volatility Comparison

WisdomTree Cloud Computing Fund (WCLD) has a higher volatility of 11.11% compared to Tortoise North American Pipeline Fund (TPYP) at 4.74%. This indicates that WCLD's price experiences larger fluctuations and is considered to be riskier than TPYP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCLD	TPYP	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.11%	4.74%	+6.37%
Volatility (6M) Calculated over the trailing 6-month period	31.02%	11.18%	+19.84%
Volatility (1Y) Calculated over the trailing 1-year period	36.95%	13.98%	+22.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.85%	17.41%	+20.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.44%	21.90%	+15.54%

WCLD vs. TPYP - Expense Ratio Comparison

WCLD has a 0.45% expense ratio, which is higher than TPYP's 0.40% expense ratio.

Dividends

WCLD vs. TPYP - Dividend Comparison

WCLD has not paid dividends to shareholders, while TPYP's dividend yield for the trailing twelve months is around 3.28%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TPYP Tortoise North American Pipeline Fund	3.28%	3.91%	3.95%	4.83%	4.48%	4.86%	6.14%	4.45%	4.58%	3.71%	3.49%	2.56%
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%

Frequently Asked Questions

Can I hold both WCLD and TPYP in my portfolio?

WCLD and TPYP have a correlation of -0.12, 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 TPYP?

WCLD has higher volatility (11.11%) compared to TPYP (4.74%). In terms of maximum drawdown, WCLD dropped -64.90% vs TPYP's -51.91%.

Which ETF is better, WCLD or TPYP?

On 5-year performance, TPYP leads with 18.93% vs -8.23% for WCLD. On fees, TPYP is cheaper at 0.40% per year. On volatility, TPYP has been the lower-risk option at 4.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WCLD or TPYP?

Over the 5-year period, TPYP has performed better with a 18.93% return vs -8.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WCLD or TPYP?

TPYP is cheaper with a 0.40% expense ratio, compared with 0.45% for WCLD.

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

TPYP has the higher dividend yield at 3.28%, compared with 0.00% for WCLD.

What is the main difference between WCLD and TPYP?

WCLD is categorized as Technology Equities, while TPYP is MLPs. WCLD tracks BVP Nasdaq Emerging Cloud Index, while TPYP tracks Tortoise North American Pipeline Index. They also come from different issuers: WisdomTree and Tortoise. Their fees differ too: 0.45% for WCLD and 0.40% for TPYP.

Which has better risk-adjusted returns?

TPYP currently has the higher Sharpe Ratio (1.60 vs 0.30), 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.