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CLOD vs. FCLD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

CLOD vs. FCLD

Last updated May 21, 2025

Compare and contrast key facts about Themes Cloud Computing ETF (CLOD) and Fidelity Cloud Computing ETF (FCLD).

CLOD and FCLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLOD is a passively managed fund by Themes that tracks the performance of the Solactive Cloud Technology Index. It was launched on Dec 14, 2023. FCLD is a passively managed fund by Fidelity that tracks the performance of the Fidelity Cloud Computing Index - Benchmark TR Gross. It was launched on Oct 5, 2021. Both CLOD and FCLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLOD or FCLD.

Correlation

The correlation between CLOD and FCLD is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

CLOD vs. FCLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Cloud Computing ETF (CLOD) and Fidelity Cloud Computing ETF (FCLD). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

CLOD:

0.82

FCLD:

0.30

Sortino Ratio

CLOD:

1.31

FCLD:

0.73

Omega Ratio

CLOD:

1.17

FCLD:

1.10

Calmar Ratio

CLOD:

0.93

FCLD:

0.32

Martin Ratio

CLOD:

3.04

FCLD:

1.01

Ulcer Index

CLOD:

7.50%

FCLD:

10.83%

Daily Std Dev

CLOD:

26.17%

FCLD:

32.10%

Max Drawdown

CLOD:

-24.43%

FCLD:

-50.85%

Current Drawdown

CLOD:

-2.11%

FCLD:

-10.96%

Returns By Period

In the year-to-date period, CLOD achieves a 7.71% return, which is significantly higher than FCLD's -0.59% return.

CLOD

YTD

7.71%

1M

20.52%

6M

5.61%

1Y

21.29%

3Y*

N/A

5Y*

N/A

10Y*

N/A

FCLD

YTD

-0.59%

1M

22.10%

6M

-1.61%

1Y

9.57%

3Y*

19.10%

5Y*

N/A

10Y*

N/A

*Annualized

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Themes Cloud Computing ETF

Fidelity Cloud Computing ETF

CLOD vs. FCLD - Expense Ratio Comparison

CLOD has a 0.35% expense ratio, which is lower than FCLD's 0.39% expense ratio.

FCLD
Fidelity Cloud Computing ETF
CLOD
Themes Cloud Computing ETF

Risk-Adjusted Performance

CLOD vs. FCLD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CLOD
The Risk-Adjusted Performance Rank of CLOD is 7575
Overall Rank
The Sharpe Ratio Rank of CLOD is 7474
Sharpe Ratio Rank
The Sortino Ratio Rank of CLOD is 7676
Sortino Ratio Rank
The Omega Ratio Rank of CLOD is 7474
Omega Ratio Rank
The Calmar Ratio Rank of CLOD is 7979
Calmar Ratio Rank
The Martin Ratio Rank of CLOD is 7272
Martin Ratio Rank
FCLD
The Risk-Adjusted Performance Rank of FCLD is 3939
Overall Rank
The Sharpe Ratio Rank of FCLD is 3333
Sharpe Ratio Rank
The Sortino Ratio Rank of FCLD is 4343
Sortino Ratio Rank
The Omega Ratio Rank of FCLD is 4242
Omega Ratio Rank
The Calmar Ratio Rank of FCLD is 4040
Calmar Ratio Rank
The Martin Ratio Rank of FCLD is 3636
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CLOD vs. FCLD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Cloud Computing ETF (CLOD) 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.

The current CLOD Sharpe Ratio is 0.82, which is higher than the FCLD Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of CLOD and FCLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

CLOD vs. FCLD - Dividend Comparison

CLOD has not paid dividends to shareholders, while FCLD's dividend yield for the trailing twelve months is around 0.11%.

TTM2024202320222021
CLOD
Themes Cloud Computing ETF		0.00%0.00%0.00%0.00%0.00%
FCLD
Fidelity Cloud Computing ETF		0.11%0.13%0.17%0.26%0.13%

Drawdowns

CLOD vs. FCLD - Drawdown Comparison

The maximum CLOD drawdown since its inception was -24.43%, smaller than the maximum FCLD drawdown of -50.85%. Use the drawdown chart below to compare losses from any high point for CLOD and FCLD. For additional features, visit the drawdowns tool.

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Volatility

CLOD vs. FCLD - Volatility Comparison

The current volatility for Themes Cloud Computing ETF (CLOD) is 5.87%, while Fidelity Cloud Computing ETF (FCLD) has a volatility of 7.13%. This indicates that CLOD 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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