Designed to provide broad exposure to the Technology ETFs category of the market, the WisdomTree Cloud Computing ETF (WCLD Quick QuoteWCLD - Free Report) is a smart beta exchange traded fund launched on 09/06/2019.

What Are Smart Beta ETFs?

The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.

Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency.

But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies, and are a strong option for those who prefer choosing great stocks in order to beat the market.

This kind of index follows this same mindset, as it attempts to pick stocks that have better chances of risk-return performance; non-cap weighted strategies base selection on certain fundamental characteristics, or a mix of such characteristics.

While this space offers a number of choices to investors, including simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies, not all these strategies have been able to deliver superior results.

Fund Sponsor & Index

WCLD is managed by Wisdomtree, and this fund has amassed over $290.53 million, which makes it one of the average sized ETFs in the Technology ETFs. This particular fund, before fees and expenses, seeks to match the performance of the BVP NASDAQ EMERGING CLOUD INDEX .

The BVP Nasdaq Emerging Cloud Index is an equally weighted Index, designed to measure the performance of emerging public companies focused on delivering cloud-based software to customers.

Cost & Other Expenses

Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.

Annual operating expenses for WCLD are 0.45%, which makes it on par with most peer products in the space.

WCLD's 12-month trailing dividend yield is 0.00%.

Sector Exposure and Top Holdings

It is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.

Looking at individual holdings, Dreyfus Trsy Oblig Cash Mgmt Cl Ins accounts for about 109.55% of total assets, followed by Mongodb Inc (MDB) and Uipath Inc - Class A (PATH).

Its top 10 holdings account for approximately 128.79% of WCLD's total assets under management.

Performance and Risk

The ETF has lost about -7.12% so far this year and is down about -13.95% in the last one year (as of 12/18/2025). In the past 52-week period, it has traded between $28.33 and $41.58

WCLD has a beta of 1.14 and standard deviation of 28.58% for the trailing three-year period. With about 70 holdings, it effectively diversifies company-specific risk .

Alternatives

WisdomTree Cloud Computing ETF is an excellent option for investors seeking to outperform the Technology ETFs segment of the market. There are other ETFs in the space which investors could consider as well.

Global X Cloud Computing ETF (CLOU) tracks INDXX GLOBAL CLOUD COMPUTING INDEX and the First Trust Cloud Computing ETF (SKYY) tracks ISE Cloud Computing Index. Global X Cloud Computing ETF has $270.45 million in assets, First Trust Cloud Computing ETF has $3.01 billion. CLOU has an expense ratio of 0.68% and SKYY changes 0.60%.

Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Technology ETFs

Bottom Line

To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.