WisdomTree Cloud Computing
ALTAR
Score™
-0.3% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
215.2x P/Sales
ratio
5.7x
P/BV
ratio
15.9x Div.
yield
0.1%


  • 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 06, 2019
Assets (mns) $11
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 49
Wgt avg mkt cap (mns) $3,000
Large cap (>$10bn) 24.2%
Mid cap ($2-10bn) 53.0%
Small cap (<$2bn) 22.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CARBONITE INC 1.0 %
DOCUSIGN, INC. 1.0 %
2U INC 0.9 %
INSTRUCTURE, INC. 0.8 %
RINGCENTRAL, INC. CLASS A 0.8 %
TENABLE HOLDINGS, INC. 0.8 %
BOX, INC. CLASS A 0.8 %
LOGMEIN INC 0.8 %
NEW RELIC, INC. 0.8 %
J2 GLOBAL COMMUNICATIONS INC 0.7 %
Total 8.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 29.4 %
BRITAIN 1.2 %
ISRAEL 0.6 %
CANADA 0.6 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.7% -- -- -- 1.7%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $25.41
30d moving avg. $24.08
Annualized volatility 0.0%
Short interest (ETF) 1.1%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 17
Turnover 3.8%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $7,561

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the WisdomTree Cloud Computing 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™: -0.3%


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 22.9 35 10 4.2 +4.5
SKYY First Trust Cloud Computing 19.4 60 -15 2.4 +2.7
XITK SPDR FactSet Innovative Technology 14.6 45 0 2.7 +3.0
CLOU Global X Cloud Computing 12.2 68 -23 1.2 +1.5
OGIG O'Shares Global Internet Giants 12.1 48 -3 1.5 +1.8
IGV iShares N. American Tech-Software 11.8 46 -1 3.1 +3.4
FDN First Trust DJ Internet 10.0 52 -7 3.3 +3.6
BOSS Global X Founder-Run Companies 9.5 45 0 3.7 +4.0
FXL First Trust Technology Alphadex 8.6 63 -18 5.6 +5.9
QMOM MomentumShares U.S. Quantitative Momentum 7.4 49 -4 2.5 +2.8
QGRO American Century STOXX U.S. Quality Growth 6.9 29 16 4.8 +5.1
JHMT John Hancock Multifactor Technology 6.8 40 5 6.0 +6.3
ARKW ARK Web x.O 6.7 75 -30 -0.9 -0.6
JKK iShares Morningstar Small Cap Growth 6.6 30 15 1.1 +1.4
JMOM JPMorgan U.S. Momentum Factor 6.3 12 33 4.3 +4.6
VBK Vanguard Small-Cap Growth ETF 6.1 7 38 2.9 +3.2
IPO Renaissance IPO 5.9 60 -15 -0.7 -0.4
JKH iShares Morningstar Mid Cap Growth 5.9 30 15 2.7 +3.0
IWP iShares Russell Midcap Growth 5.6 24 21 4.5 +4.8

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 2.1 %
Divided by: Fwd. P/BV 14.1 x
Less: Expense ratio 45 bp
Equals: ALTAR Score -0.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 CATEGORY
AVERAGE
1.54
 
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.