At a glance
WCLD charges 0.45% a year, below the 0.51% average of the 8 funds most like it (the 4th cheapest of 9). It has $245.2M in assets, the 6th largest of that group. Over the past year it returned +28.5% with distributions reinvested (S&P 500: +11.5%), 4th of those 9 funds; over three years it returned +19.8% a year. Its ten largest positions make up 26.5% of the fund, out of 64 in all.
The short version
WisdomTree Cloud Computing Fund (WCLD) is an index ETF that tracks the BVP Nasdaq Emerging Cloud Index, a basket of fast-growing cloud software companies. It held 64 of them as of June 30, 2026. Each company gets roughly equal weight, so smaller names like DigitalOcean count as much as Palo Alto Networks. Its 0.45% expense ratio is below the 0.51% average for similar funds, but its price has swung widely: it lost 51.71% in 2022.
Price history
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WCLD +28.5% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| WCLD official prospectus, to Dec 31, 2024 | — | -6.64% | — | -8.14% | — | +5.44% |
| BVP Nasdaq Emerging Cloud Index (Reflects no deduction for fees, expenses or taxes) index, same period | — | -6.23% | — | -7.76% | — | +5.86% |
| S&P 500® Growth Index (Reflects no deduction for fees, expenses or taxes) index, same period | — | +22.18% | — | +15.04% | — | +18.17% |
| S&P 500® Information Technology Index (Reflects no deduction for fees, expenses or taxes) index, same period | — | +24.04% | — | +20.91% | — | +25.55% |
| WCLD price data to Oct 27, 2026 | +32.2% | +28.5% | +19.8% | — | — | +15.1% |
- Over the year to Oct 27, 2026, WCLD returned +28.5%, 4th of 9 among similar funds.
- Its worst full calendar year was 2025 (-6.7%); its best was 2023 (+39.4%).
- The deepest fall in its price history was 42.1% (Jan 28, 2025 to Apr 10, 2026), recovered by Aug 13, 2026.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +32.2% | — |
| 2025 | -6.7% | -6.64% |
| 2024 | +7.3% | +7.26% |
| 2023 | +39.4% | +39.60% |
| 2022 | — | -51.71% |
| 2021 | — | -3.10% |
| 2020 | — | +109.43% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Not in the price data, which starts Oct 18, 2022 |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Not in the price data, which starts Oct 18, 2022 |
What's inside
As of Jun 30, 2026, the fund held 64 securities; the ten largest made up 26.53% of assets.
| Holding | Weight | |
|---|---|---|
| DIGITALOCEAN HOLDINGS INC | 3.28% | |
| JFROG LTD | 3.20% | |
| PALO ALTO NETWORKS INC | 3.04% | |
| DATADOG INC | 2.99% | |
| CROWDSTRIKE HOLDINGS INC | 2.61% | |
| TENABLE HOLDINGS INC | 2.46% | |
| OKTA INC | 2.44% | |
| TWILIO INC | 2.42% | |
| RUBRIK INC | 2.12% | |
| QUALYS INC | 1.97% | |
| SNOWFLAKE INC | 1.96% | |
| PAGERDUTY INC | 1.95% | |
| CLOUDFLARE INC | 1.84% | |
| FRESHWORKS INC | 1.80% | |
| AGILYSYS INC | 1.76% |
By country
United States 90.66%Israel 6.84%Netherlands 1.31%Canada 1.2%By asset type
Stocks 100.01%What changed recently
- Over the three months to Jun 30, 2026, investors withdrew a net $24.5M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -0.81%, +21.63%, -2.73%.
How it works
WCLD follows the BVP Nasdaq Emerging Cloud Index. Nasdaq provides the index, and Bessemer Venture Partners (BVP) decides which companies count as cloud companies. To qualify, a company must earn at least 50% of its revenue from business software delivered over the internet and sold by subscription, by usage or per transaction. New members need revenue growth of at least 15% in each of the last two fiscal years. Existing members stay if growth reached 7% in one of those two years. Each company also needs a primary listing on Nasdaq, the NYSE or Cboe, a market value of at least $500 million and $5 million in average daily trading. ESG screens (environmental, social and governance rules) remove companies tied to tobacco, controversial weapons, certain fossil-fuel activities or breaches of the UN Global Compact.
Holdings are equal-dollar weighted, so each company starts with about the same share whatever its size. The index is rebalanced twice a year, and its membership is reviewed at the same time. Weights drift between those dates, and companies whose growth slows can be dropped. The fund uses representative sampling, which means it may hold a sample of the index's stocks rather than every one. It must keep at least 80% of net assets in cloud companies. The prospectus reports portfolio turnover of 43%.
As of June 30, 2026, the fund held 64 companies and no derivatives. The 10 largest made up 26.53% of assets, led by DigitalOcean (3.3%), JFrog (3.2%), Palo Alto Networks (3.0%) and Datadog (3.0%).
What it really costs
- WCLD charges 0.45% a year, versus an average of 0.51% for the similar funds below (4th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $46 in the first year and $567 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| WCLD | $46 | $144 | $252 | $567 |
In a retirement portfolio
It is a concentrated, equal-weighted bet on fast-growing cloud software companies, with large losses in past downturns and no income.
WCLD could add focused exposure to subscription software companies. The price of that focus is volatility. The fund gained 109.43% in 2020, then lost 51.71% in 2022. Its worst quarter was a 31.42% drop in the quarter ending June 30, 2022. Price data starting in October 2022 shows its deepest decline was 42.1%, from January 28, 2025 to April 10, 2026. It regained that peak on August 13, 2026, about four months after the low. The fund launched in 2019, so it has no record from 2008. Anyone who had to sell shares in a slump like 2022 would have locked in heavy losses.
The fund has made no distributions, so any cash drawn from it would have to come from selling shares. Under the SEC's standard example, the 0.45% expense ratio costs about $46 in the first year and $567 over 10 years on $10,000. Past results don't predict future returns, and a plan should weigh the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want a small, deliberate slice of cloud software stocks such as Datadog, CrowdStrike and Snowflake alongside broad core funds.
- People who prefer equal weighting: no single company was more than about 3.3% of assets as of June 30, 2026.
- Long-term holders who could ride out a drop like the 51.71% loss in 2022 without needing to sell.
Look elsewhere if
- Retirees who need regular income: the fund has made no distributions.
- Anyone wanting broad diversification: holdings were 90.66% US companies as of June 30, 2026, concentrated in software and services.
- Cost-focused buyers of cloud exposure, who may want to compare Fidelity Cloud Computing ETF (FCLD) at 0.40% a year.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| WCLD this fund | — | 0.45% | $245.2M | +28.5% | +19.8% |
| SKYY First Trust Cloud Computing ETF | 40% | 0.6% | $2.72B | +21.8% | +34.0% |
| CLOU Global X Cloud Computing ETF | 33% | 0.68% | $382.5M | +26.0% | +20.3% |
| FCLD Fidelity Cloud Computing ETF | 31% | 0.4% | $110.4M | +46.9% | +36.5% |
| WCBR WisdomTree Cybersecurity Fund | 26% | 0.45% | $103.0M | +60.5% | +39.5% |
| CIBR First Trust NASDAQ Cybersecurity ETF | 23% | 0.59% | $13.84B | +25.8% | +29.6% |
| CLOD Themes Cloud Computing ETF | 22% | 0.35% | $2.5M | +1.1% | — |
| IGV iShares Expanded Tech-Software Sector ETF | 21% | 0.41% | $13.54B | -11.8% | +13.8% |
Questions investors ask
Does WCLD pay a dividend?
No. WCLD has made no distributions, so it provides no regular income. It holds fast-growing cloud software companies such as DigitalOcean, JFrog and Datadog. Companies like these usually put their cash back into the business instead of paying dividends. Any return from the fund comes from changes in its share price. Investors who need cash from it would have to sell shares, which is costly after a big drop like the 51.71% loss in 2022.
What's the difference between WCLD and SKYY?
Both are cloud computing ETFs, and about 40% of their holdings overlap. WCLD charges 0.45% a year, compared with 0.60% for First Trust Cloud Computing ETF (SKYY). SKYY is much larger, with $2.72 billion in net assets against WCLD's $245 million as of June 30, 2026. As of October 27, 2026, WCLD returned 28.5% over one year, versus 21.8% for SKYY. Over three years, SKYY returned 34% a year and WCLD 19.8%. WCLD gives each company roughly equal weight.
What is WCLD's expense ratio?
WCLD's expense ratio is 0.45%, according to the prospectus filed October 28, 2026. That is below the 0.51% average for similar funds and ranks 4th lowest of 9. Under the SEC's standard example ($10,000 invested, 5% yearly return), costs total about $46 after one year, $252 after five years and $567 after 10 years. Fidelity Cloud Computing ETF (FCLD) costs less, at 0.40%.
Is WCLD good for retirement?
WCLD fits best as a small, higher-risk satellite holding (a minor position beside core funds), not a core one. It pays no income and has swung sharply. It gained 109.43% in 2020 and lost 51.71% in 2022. Its deepest drop in price data starting in October 2022 was 42.1%, from January 2025 to April 2026. Someone who has to sell shares during a downturn could lock in large losses. Past results don't predict future returns.
What are WCLD's top holdings?
As of June 30, 2026, WCLD's largest holdings were DigitalOcean (3.3%), JFrog (3.2%), Palo Alto Networks (3.0%), Datadog (3.0%) and CrowdStrike (2.6%). Tenable, Okta, Twilio, Rubrik and Qualys rounded out the top 10. Together, the top 10 made up 26.53% of assets. Because the index weights companies equally, no single stock dominates. The fund held 64 companies, 90.66% of assets were in US companies and 6.84% in Israeli ones.