BILT vs. FCLD
BILT (iShares Infrastructure Active ETF) and FCLD (Fidelity Cloud Computing ETF) are both exchange-traded funds - BILT is a Infrastructure Equities fund actively managed by iShares, while FCLD is a Technology Equities fund tracking the Fidelity Cloud Computing Index - Benchmark TR Gross. BILT is actively managed, while FCLD is passively managed. Over the past year, BILT returned 17.98% vs 45.67% for FCLD. Their -0.14 correlation means they have often moved in opposite directions in the past. BILT charges 0.60%/yr vs 0.39%/yr for FCLD.
Performance
BILT vs. FCLD - Performance Comparison
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Returns By Period
In the year-to-date period, BILT achieves a 14.30% return, which is significantly lower than FCLD's 33.66% return.
BILT
- 1D
- 0.11%
- 1M
- -1.05%
- 6M
- 8.99%
- YTD
- 14.30%
- 1Y
- 17.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.07%
FCLD
- 1D
- 1.33%
- 1M
- 4.17%
- 6M
- 35.89%
- YTD
- 33.66%
- 1Y
- 45.67%
- 3Y*
- 24.29%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.38M | $1.70M | $1.65M | |
| $599.13K | $567.95K | $795.73K |
BILT vs. FCLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BILT iShares Infrastructure Active ETF | 14.30% | 4.16% |
FCLD Fidelity Cloud Computing ETF | 33.66% | 3.40% |
Correlation
The correlation between BILT and FCLD is -0.14, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025 | -0.14 |
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Return for Risk
BILT vs. FCLD — Risk / Return Rank
BILT
FCLD
BILT vs. FCLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Infrastructure Active ETF (BILT) and Fidelity Cloud Computing ETF (FCLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BILT | FCLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.23 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 2.28 | +1.24 |
| Martin ratioReturn relative to average drawdown | 10.60 | 5.48 | +5.11 |
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Drawdowns
BILT vs. FCLD - Drawdown Comparison
The maximum BILT drawdown since its inception was -5.38%, smaller than the maximum FCLD drawdown of -50.85%. Use the drawdown chart below to compare losses from any high point for BILT and FCLD.
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Drawdown Indicators
| BILT | FCLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.38% | -50.85% | +45.47% |
Max Drawdown (1Y)Largest decline over 1 year | -5.38% | -17.48% | +12.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -34.80% | — |
Current DrawdownCurrent decline from peak | -2.25% | -4.65% | +2.40% |
Average DrawdownAverage peak-to-trough decline | -1.36% | -20.08% | +18.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 7.31% | -5.53% |
Volatility
BILT vs. FCLD - Volatility Comparison
The current volatility for iShares Infrastructure Active ETF (BILT) is 3.10%, while Fidelity Cloud Computing ETF (FCLD) has a volatility of 6.98%. This indicates that BILT experiences smaller price fluctuations and is considered to be less risky than FCLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BILT | FCLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 6.98% | -3.88% |
Volatility (6M)Calculated over the trailing 6-month period | 8.44% | 22.27% | -13.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.31% | 28.80% | -18.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.31% | 30.39% | -20.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.31% | 30.39% | -20.08% |
BILT vs. FCLD - Expense Ratio Comparison
BILT has a 0.60% expense ratio, which is higher than FCLD's 0.39% expense ratio.
Dividends
BILT vs. FCLD - Dividend Comparison
BILT's dividend yield for the trailing twelve months is around 5.70%, more than FCLD's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BILT iShares Infrastructure Active ETF | 5.70% | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% |
FCLD Fidelity Cloud Computing ETF | 0.01% | 0.03% | 0.13% | 0.17% | 0.26% | 0.13% |
Frequently Asked Questions
BILT and FCLD have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCLD has higher volatility (6.98%) compared to BILT (3.10%). In terms of maximum drawdown, BILT dropped -5.38% vs FCLD's -50.85%.
On 1-year performance, FCLD leads with 45.67% vs 17.98% for BILT. On fees, FCLD is cheaper at 0.39% per year. On volatility, BILT has been the lower-risk option at 3.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FCLD has performed better with a 45.67% return vs 17.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FCLD is cheaper with a 0.39% expense ratio, compared with 0.60% for BILT.
BILT has the higher dividend yield at 5.70%, compared with 0.01% for FCLD.
BILT is categorized as Infrastructure Equities, while FCLD is Technology Equities. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.60% for BILT and 0.39% for FCLD.
BILT currently has the higher Sharpe Ratio (1.84 vs 1.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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