CLOU vs. FCLD
CLOU (Global X Cloud Computing ETF) and FCLD (Fidelity Cloud Computing ETF) are both Technology Equities funds - CLOU tracks the Indxx Global Cloud Computing Index while FCLD tracks the Fidelity Cloud Computing Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, CLOU returned 6.02%/yr vs 24.29%/yr for FCLD. Their correlation of 0.90 means they have usually moved in the same direction. CLOU charges 0.68%/yr vs 0.39%/yr for FCLD.
Performance
CLOU vs. FCLD - Performance Comparison
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Returns By Period
In the year-to-date period, CLOU achieves a 11.23% return, which is significantly lower than FCLD's 33.66% return.
CLOU
- 1D
- 1.25%
- 1M
- 8.35%
- 6M
- 22.02%
- YTD
- 11.23%
- 1Y
- 14.78%
- 3Y*
- 6.02%
- 5Y*
- -2.17%
- 10Y*
- —
- ALL TIME*
- 7.48%
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) |
|---|---|---|---|
| $6.92M | $6.97M | $6.65M | |
| $599.13K | $567.95K | $795.73K |
CLOU vs. FCLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CLOU Global X Cloud Computing ETF | 11.23% | -5.59% | 5.74% | 41.36% | -39.56% | -7.74% |
FCLD Fidelity Cloud Computing ETF | 33.66% | 8.19% | 21.80% | 53.05% | -41.32% | -1.59% |
Correlation
The correlation between CLOU and FCLD is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021 | 0.90 |
The correlation between CLOU and FCLD shifts across timeframes, from 0.79 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CLOU vs. FCLD — Risk / Return Rank
CLOU
FCLD
CLOU vs. FCLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Cloud Computing ETF (CLOU) 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.
| CLOU | FCLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.23 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 2.28 | -1.87 |
| Martin ratioReturn relative to average drawdown | 0.94 | 5.48 | -4.55 |
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Drawdowns
CLOU vs. FCLD - Drawdown Comparison
The maximum CLOU drawdown since its inception was -53.74%, which is greater than FCLD's maximum drawdown of -50.85%. Use the drawdown chart below to compare losses from any high point for CLOU and FCLD.
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Drawdown Indicators
| CLOU | FCLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.74% | -50.85% | -2.89% |
Max Drawdown (1Y)Largest decline over 1 year | -27.24% | -17.48% | -9.76% |
Max Drawdown (3Y)Largest decline over 3 years | -33.18% | -34.80% | +1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -53.74% | — | — |
Current DrawdownCurrent decline from peak | -20.34% | -4.65% | -15.69% |
Average DrawdownAverage peak-to-trough decline | -24.45% | -20.08% | -4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.85% | 7.31% | +4.54% |
Volatility
CLOU vs. FCLD - Volatility Comparison
Global X Cloud Computing ETF (CLOU) has a higher volatility of 7.61% compared to Fidelity Cloud Computing ETF (FCLD) at 6.98%. This indicates that CLOU'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.
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Volatility by Period
| CLOU | FCLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.61% | 6.98% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 25.80% | 22.27% | +3.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.96% | 28.80% | +2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.87% | 30.39% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.74% | 30.39% | +0.35% |
CLOU vs. FCLD - Expense Ratio Comparison
CLOU has a 0.68% expense ratio, which is higher than FCLD's 0.39% expense ratio.
Dividends
CLOU vs. FCLD - Dividend Comparison
CLOU has not paid dividends to shareholders, while FCLD's dividend yield for the trailing twelve months is around 0.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CLOU Global X Cloud Computing ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.76% | 0.00% | 0.05% |
FCLD Fidelity Cloud Computing ETF | 0.01% | 0.03% | 0.13% | 0.17% | 0.26% | 0.13% | 0.00% | 0.00% |
Frequently Asked Questions
CLOU and FCLD have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLOU has higher volatility (7.61%) compared to FCLD (6.98%). In terms of maximum drawdown, CLOU dropped -53.74% vs FCLD's -50.85%.
On 3-year performance, FCLD leads with 24.29% vs 6.02% for CLOU. On fees, FCLD is cheaper at 0.39% per year. On volatility, FCLD has been the lower-risk option at 6.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FCLD has performed better with a 24.29% return vs 6.02%. 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 0.68% for CLOU.
FCLD has the higher dividend yield at 0.01%, compared with 0.00% for CLOU.
CLOU tracks Indxx Global Cloud Computing Index, while FCLD tracks Fidelity Cloud Computing Index - Benchmark TR Gross. They also come from different issuers: Global X and Fidelity. Their fees differ too: 0.68% for CLOU and 0.39% for FCLD.
FCLD currently has the higher Sharpe Ratio (1.38 vs 0.36), 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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