WisdomTree Cloud Computing Fund (WCLD) — Stock Correlations & Overview
Over the past year, WCLD has moved most closely with CLOU, XSW, DAT. Explore the stocks most correlated and inversely correlated with WCLD below, along with its price, financials, and company profile.
Stocks correlated with WCLD
Correlation of daily returns. Higher positive values move with WCLD; negative values move opposite it. Informational only, not investment advice.
Most correlated with WCLD
| Symbol | Company | Correlation |
|---|---|---|
| CLOU | Global X Cloud Computing ETF | 0.94 |
| XSW | State Street SPDR S&P Software & Services ETF | 0.93 |
| DAT | ProShares Big Data Refiners ETF | 0.91 |
| IGV | iShares Expanded Tech-Software Sector ETF | 0.91 |
| CLOD | Themes Cloud Computing ETF | 0.90 |
Most inversely correlated with WCLD
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.70 |
| PALD | Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF | -0.63 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.62 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.54 |
| PLTD | Direxion Shares ETF Trust Direxion Dailly PLTR Bear 1X ETF | -0.52 |
Frequently asked questions about WCLD correlations
- Which stocks are most correlated with WCLD?
- Based on one year of daily returns, the stocks most correlated with WisdomTree Cloud Computing Fund (WCLD) are CLOU (0.94), XSW (0.93) and DAT (0.91). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with WCLD?
- Over the past year, the stocks most inversely correlated with WisdomTree Cloud Computing Fund (WCLD) are WEBS (-0.70), PALD (-0.63) and HDGE (-0.62). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these WCLD correlations calculated?
- We compute the correlation of daily returns between WCLD and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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