WisdomTree Cloud Computing Fund
ALTAR
Score™
9.1% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
372.0x P/Sales
ratio
9.6x
P/BV
ratio
18.3x Div.
yield
0.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The WisdomTree Cloud Computing Fund seeks to track the price and yield performance, before fees and expenses, of the BVP Nasdaq Emerging Cloud Index, an equally weighted Index designed to measure the performance of emerging public companies focused on delivering cloud-based software to customers.

FUND BASICS
Category Global Equities
Fund Sponsor WisdomTree
Website www.wisdomtree.com
Inception date Sep 04, 2019
Assets (mns) $867
Currency USD
Expense ratio 45 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Equal
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 54
Wgt avg mkt cap (mns) $10,354
Large cap (>$10bn) 42.8%
Mid cap ($2-10bn) 43.4%
Small cap (<$2bn) 6.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ZOOM VIDEO COMMUNICATIONS, INC. CL 1.2 %
CLOUDFLARE INC CLASS A 1.0 %
PAYLOCITY HOLDING CORP 0.9 %
SPROUT SOCIAL INC CLASS A 0.9 %
PAYCOM SOFTWARE INC 0.9 %
ATLASSIAN CORP. PLC CLASS A 0.9 %
AVALARA INC 0.8 %
BLACKLINE, INC. 0.8 %
ZENDESK INC 0.8 %
CROWDSTRIKE HOLDINGS, INC. CLASS A 0.8 %
Total 9.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 35.7 %
BRITAIN 1.5 %
CANADA 0.7 %
ISRAEL 0.6 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
67.3% -- -- -- 81.1%

Market Correlations
versus... Beta R-squared
S&P500 1.14 57%
MSCI EAFE 1.14 51%
MSCI Emg. Mkts. 0.69 29%

Technical Indicators
Recent close $43.42
30d moving avg. $44.36
Annualized volatility 35.6%
Short interest (ETF) 4.9%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 756
Turnover 3.8%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $28,684

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the WisdomTree Cloud Computing Fund ETF based on the alternatives' overlap in portfolio holdings with WCLD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: WCLD Expense: 45 bp ALTAR Score™: 9.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH WCLD
Ticker Fund
Name
Overlap1
vs WCLD
(%)
Expense
ratio
(bp)
Savings
vs WCLD
(bp)
ALTAR
Score™
(%)
ALTAR
vs WCLD
(%)
XSW SPDR S&P Software & Services ETF 27.5 35 10 4.6 -4.6
SKYY First Trust Cloud Computing ETF 23.9 60 -15 2.5 -6.6
XITK SPDR FactSet Innovative Technology ETF 21.3 45 0 0.3 -8.9
FXL First Trust Technology AlphaDEX Fund 18.2 61 -16 3.3 -5.8
OGIG O'Shares Global Internet Giants ETF 15.7 48 -3 0.5 -8.6
IGV iShares Expanded Tech-Software ETF 15.6 46 -1 2.3 -6.8
FTC First Trust Large Cap Growth AlphaDEX Fund 13.9 61 -16 2.8 -6.4
CLOU Global X Cloud Computing ETF 13.7 68 -23 0.6 -8.5
FCTR First Trust Lunt U.S. Factor Rotation ETF 13.2 65 -20 3.0 -6.1
SLT Pacer Salt High TruBeta US Market ETF 13.0 60 -15 3.3 -5.8
JHMT John Hancock Multifactor Technology ETF 12.9 40 5 4.9 -4.2
JKH iShares Morningstar Mid-Cap Growth ETF 11.8 30 15 2.0 -7.1
BTEK BlackRock Future Tech ETF 11.6 88 -43 0.7 -8.4
ARKW ARK Web x.0 ETF 11.5 76 -31 -0.8 -10.0
PTF Invesco DWA Technology Momentum ETF 11.4 60 -15 0.1 -9.0
FPX First Trust US IPO Index Fund 11.2 58 -13 1.5 -7.7
THNQ ROBO Global Artificial Intelligence ETF 11.1 68 -23 1.7 -7.5
BOSS Global X Founder-Run Companies ETF 11.1 45 0 3.3 -5.8
IWFH iShares Virtual Work and Life Multisector ETF 10.9 47 -2 0.9 -8.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 10.9 66 -21 2.3 -6.8
IWP iShares Russell Mid-Cap Growth ETF 10.7 24 21 2.9 -6.2
AIEQ AI Powered Equity ETF 10.0 87 -42 2.8 -6.3
JMOM JPMorgan U.S. Momentum Factor ETF 10.0 12 33 3.4 -5.7
IFLY ETFMG Drone Economy Strategy ETF 9.8 68 -23 2.9 -6.3
BUYZ Franklin Disruptive Commerce ETF 9.8 50 -5 -0.2 -9.3
WFH Direxion Work From Home ETF 9.7 45 0 5.5 -3.6
FDN First Trust Dow Jones Internet Index Fund 9.5 52 -7 2.1 -7.1
DTEC ALPS Disruptive Technologies ETF 9.2 50 -5 3.2 -5.9
QGRO American Century STOXX U.S. Quality Growth ETF 8.9 29 16 3.8 -5.3
VXF Vanguard Extended Market Index Fund 8.9 6 39 3.6 -5.6
FTEC Fidelity MSCI Information Technology Index ETF 8.8 8 37 4.5 -4.6
VGT Vanguard Information Technology Index Fund 8.8 10 35 4.5 -4.6
IYW iShares U.S. Technology ETF 8.7 43 2 3.9 -5.2
WUGI Esoterica NextG Economy ETF 8.7 75 -30 1.5 -7.6
FNY First Trust Mid Cap Growth AlphaDEX Fund 8.5 70 -25 2.1 -7.0
VFMO Vanguard U.S. Momentum Factor ETF 8.5 13 32 0.7 -8.4
IGM iShares Expanded Tech Sector ETF 8.5 46 -1 3.8 -5.4
JKK iShares Morningstar Small-Cap Growth ETF 8.4 30 15 1.0 -8.1
IETC iShares Evolved U.S. Technology ETF 8.3 18 27 3.8 -5.3
TECB iShares US Tech Breakthrough Multisector ETF 8.1 40 5 4.1 -5.1
PNQI Invesco NASDAQ Internet ETF 8.1 60 -15 1.0 -8.2
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 7.8 49 -4 5.1 -4.1
FEX First Trust Large Cap Core AlphaDEX Fund 7.7 60 -15 5.9 -3.2
ALFA AlphaClone Alternative Alpha ETF 7.7 65 -20 -0.5 -9.6
GIGE SoFi Gig Economy ETF 7.5 59 -14 -0.8 -9.9
IPO Renaissance IPO ETF 7.2 60 -15 0.6 -8.5
VBK Vanguard Small-Cap Growth Index Fund 7.1 7 38 2.3 -6.8
ENTR Entrepreneur 30 Fund 7.0 49 -4 1.2 -7.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 7.0 4 41 5.3 -3.8
MMLG First Trust Multi-Manager Large Growth ETF 6.9 85 -40 2.1 -7.0
FDMO Fidelity Momentum Factor ETF 6.8 29 16 3.3 -5.8
LRNZ TrueMark Technology, AI & Deep Learning ETF 6.8 68 -23 0.3 -8.8
VOT Vanguard Mid-Cap Growth Index Fund 6.8 7 38 3.2 -5.9
USMF WisdomTree U.S. Multifactor Fund 6.8 28 17 5.9 -3.3
PDP Invesco DWA Momentum ETF 6.7 62 -17 2.4 -6.8
AIQ Global X Future Analytics Tech ETF 6.6 68 -23 4.1 -5.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 6.6 75 -30 3.9 -5.3
TUSA First Trust Total US Market AlphaDEX ETF 6.5 70 -25 5.8 -3.4
RBUS Nationwide Risk-Based U.S. Equity ETF 6.5 30 15 4.8 -4.4
SCHG Schwab U.S. Large-Cap Growth ETF 6.4 4 41 3.5 -5.7
MXDU Nationwide Maximum Diversification US Core Equity ETF 6.4 34 11 4.7 -4.4
PSJ Invesco Dynamic Software ETF 6.3 56 -11 12.1 +3.0
HACK ETFMG Prime Cyber Security ETF 6.3 60 -15 3.3 -5.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 6.2 7 38 5.2 -3.9
IWF iShares Russell 1000 Growth ETF 6.2 19 26 3.7 -5.4
SFYX Sofi Next 500 ETF 6.2 0 45 5.9 -3.3
VONG Vanguard Russell 1000 Growth Index Fund 6.1 8 37 3.8 -5.3
IHAK iShares Cybersecurity & Tech ETF 6.0 47 -2 4.2 -4.9
ARKK ARK Innovation ETF 5.9 75 -30 -2.4 -11.6
TMFC Motley Fool 100 Index ETF 5.9 50 -5 3.4 -5.7
BOUT Innovator IBD Breakout Opportunities ETF 5.7 84 -39 5.0 -4.1
CIBR First Trust NASDAQ CEA Cybersecurity ETF 5.7 60 -15 3.5 -5.7
SYG SPDR MFS Systematic Growth Equity ETF 5.7 60 -15 4.1 -5.1
SFY SoFi Select 500 ETF 5.6 0 45 5.1 -4.0
MTUM iShares MSCI USA Momentum Factor ETF 5.6 15 30 4.2 -4.9
VEGN US Vegan Climate ETF 5.3 60 -15 5.1 -4.0
VUG Vanguard Growth Index Fund 5.3 4 41 3.9 -5.2
KOMP SPDR Kensho New Economies Composite ETF 5.2 20 25 2.3 -6.8
ANEW ProShares MSCI Transformational Changes ETF 5.0 45 0 3.2 -5.9
PLAT WisdomTree Modern Tech Platforms Fund 5.0 20 25 1.6 -7.6
USXF iShares ESG Advanced MSCI USA ETF 5.0 10 35 5.0 -4.2
NULG Nuveen ESG Large-Cap Growth ETF 4.9 35 10 3.8 -5.4
STLG iShares Factors US Growth Style ETF 4.9 25 20 4.2 -4.9
ESGV Vanguard ESG U.S. Stock ETF 4.9 12 33 5.1 -4.1
VO Vanguard Mid-Cap Index Fund 4.9 4 41 5.2 -3.9
FDG American Century Focused Dynamic Growth ETF 4.8 45 0 1.7 -7.5
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 4.8 75 -30 2.4 -6.7
GFIN Goldman Sachs Motif Finance Reimagined ETF 4.8 50 -5 5.6 -3.6
IWR iShares Russell Midcap ETF 4.8 19 26 5.5 -3.6
ARKF ARK Fintech Innovation ETF 4.8 75 -30 0.3 -8.8
BUG Global X Cybersecurity ETF 4.8 50 -5 1.3 -7.8
FMK First Trust Mega Cap AlphaDEX Fund 4.8 70 -25 4.7 -4.5
STMB iShares Factors US Mid Blend Style ETF 4.7 30 15 5.7 -3.4
IWY iShares Russell Top 200 Growth ETF 4.4 20 25 3.9 -5.3
PXQ Invesco Dynamic Networking ETF 4.3 63 -18 3.3 -5.8
MGK Vanguard Mega Cap Growth ETF 4.3 7 38 4.1 -5.1
NUMG Nuveen ESG Mid-Cap Growth ETF 4.3 40 5 2.1 -7.0
GVIP Goldman Sachs Hedge Industry VIP ETF 4.3 45 0 3.8 -5.4
SCHM Schwab U.S. Mid-Cap ETF 4.2 4 41 6.0 -3.1
IWB iShares Russell 1000 ETF 4.2 15 30 5.1 -4.1

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
WisdomTree Cloud Computing Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 162.1 %
Divided by: Fwd. P/BV 16.9 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 9.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.