CLOD vs. FCLD
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.
Key characteristics
| CLOD | FCLD | |
|---|---|---|
| YTD Return | 7.30% | 4.31% |
| Daily Std Dev | 20.10% | 22.20% |
| Max Drawdown | -12.99% | -50.85% |
| Current Drawdown | -3.64% | -14.76% |
Correlation
The correlation between CLOD and FCLD is 0.87, 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
In the year-to-date period, CLOD achieves a 7.30% return, which is significantly higher than FCLD's 4.31% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CLOD vs. FCLD - Expense Ratio Comparison
CLOD has a 0.35% expense ratio, which is lower than FCLD's 0.39% expense ratio.
Risk-Adjusted Performance
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.
Not enough dataDividends
CLOD vs. FCLD - Dividend Comparison
CLOD has not paid dividends to shareholders, while FCLD's dividend yield for the trailing twelve months is around 0.13%.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
CLOD Themes Cloud Computing ETF | 0.00% | 0.00% | 0.00% | 0.00% |
FCLD Fidelity Cloud Computing ETF | 0.13% | 0.17% | 0.26% | 0.13% |
Drawdowns
CLOD vs. FCLD - Drawdown Comparison
The maximum CLOD drawdown since its inception was -12.99%, 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.
Volatility
CLOD vs. FCLD - Volatility Comparison
Themes Cloud Computing ETF (CLOD) has a higher volatility of 6.85% compared to Fidelity Cloud Computing ETF (FCLD) at 5.34%. This indicates that CLOD's price experiences larger fluctuations and is considered to be riskier than FCLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.