Launched on 09/06/2019, the WisdomTree Cloud Computing ETF (WCLD) is a passively managed exchange traded fund designed to provide a broad exposure to the Technology - Cloud Computing segment of the equity market.Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.Investor-friendly, sector ETFs provide many options to gain low risk and diversified exposure to a broad group of companies in particular sectors. Technology - Cloud Computing is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 8, placing it in top 50%.Index DetailsThe fund is sponsored by Wisdomtree. It has amassed assets over $919.55 million, making it one of the average sized ETFs attempting to match the performance of the Technology - Cloud Computing segment of the equity market. WCLD seeks to match the performance of the BVP NASDAQ EMERGING CLOUD INDEX before fees and expenses.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.CostsCost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.Annual operating expenses for this ETF are 0.45%, making it one of the cheaper products in the space.Sector Exposure and Top HoldingsWhile ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Information Technology sector--about 95.60% of the portfolio.Looking at individual holdings, Mimecast Ltd (MIME) accounts for about 3.02% of total assets, followed by Datadog Inc - Class A (DDOG) and Tenable Holdings Inc (TENB).The top 10 holdings account for about 25.51% of total assets under management.Performance and RiskSo far this year, WCLD has lost about -12.48%, and is down about -25.66% in the last one year (as of 02/16/2022). During this past 52-week period, the fund has traded between $40.13 and $65.33.The ETF has a beta of 1.19 and standard deviation of 36.44% for the trailing three-year period. With about 58 holdings, it effectively diversifies company-specific risk.AlternativesWisdomTree Cloud Computing ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, WCLD is an outstanding option for investors seeking exposure to the Technology ETFs segment of the market. There are other additional ETFs in the space that 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 $941.37 million in assets, First Trust Cloud Computing ETF has $5.61 billion. CLOU has an expense ratio of 0.68% and SKYY charges 0.60%.Bottom LineTo 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. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report WisdomTree Cloud Computing ETF (WCLD): ETF Research Reports Mimecast Limited (MIME): Free Stock Analysis Report First Trust Cloud Computing ETF (SKYY): ETF Research Reports Tenable Holdings, Inc. (TENB): Free Stock Analysis Report Global X Cloud Computing ETF (CLOU): ETF Research Reports Datadog, Inc. (DDOG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research