FCLD vs. ASTS
FCLD (Fidelity Cloud Computing ETF) is Technology Equities fund tracking the Fidelity Cloud Computing Index - Benchmark TR Gross, while ASTS (AST SpaceMobile, Inc.) is a stock. Over the past 3 years, FCLD returned 24.61%/yr vs 140.29%/yr for ASTS. At a 0.40 correlation, their price movements are largely independent.
Performance
FCLD vs. ASTS - Performance Comparison
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Returns By Period
In the year-to-date period, FCLD achieves a 26.37% return, which is significantly higher than ASTS's 13.47% return.
FCLD
- 1D
- 1.88%
- 1M
- 9.94%
- YTD
- 26.37%
- 6M
- 24.95%
- 1Y
- 35.98%
- 3Y*
- 24.61%
- 5Y*
- —
- 10Y*
- —
ASTS
- 1D
- -15.53%
- 1M
- 10.16%
- YTD
- 13.47%
- 6M
- 7.44%
- 1Y
- 123.21%
- 3Y*
- 140.29%
- 5Y*
- 51.99%
- 10Y*
- —
FCLD vs. ASTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FCLD Fidelity Cloud Computing ETF | 26.37% | 8.19% | 21.80% | 53.05% | -41.32% | -1.59% |
ASTS AST SpaceMobile, Inc. | 13.47% | 244.22% | 249.92% | 25.10% | -39.29% | -22.16% |
Correlation
The correlation between FCLD and ASTS is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021 | 0.40 |
The correlation between FCLD and ASTS shifts across timeframes, from 0.26 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FCLD vs. ASTS — Risk / Return Rank
FCLD
ASTS
FCLD vs. ASTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Cloud Computing ETF (FCLD) and AST SpaceMobile, Inc. (ASTS). 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.
| FCLD | ASTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 2.60 | -0.53 |
| Martin ratioReturn relative to average drawdown | 5.28 | 5.06 | +0.21 |
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Drawdowns
FCLD vs. ASTS - Drawdown Comparison
The maximum FCLD drawdown since its inception was -50.85%, smaller than the maximum ASTS drawdown of -85.57%. Use the drawdown chart below to compare losses from any high point for FCLD and ASTS.
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Drawdown Indicators
| FCLD | ASTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.85% | -85.57% | +34.72% |
Max Drawdown (1Y)Largest decline over 1 year | -17.48% | -47.69% | +30.21% |
Max Drawdown (3Y)Largest decline over 3 years | -34.80% | -70.66% | +35.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -85.57% | — |
Current DrawdownCurrent decline from peak | -9.85% | -38.08% | +28.23% |
Average DrawdownAverage peak-to-trough decline | -20.42% | -40.51% | +20.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.84% | 24.42% | -17.58% |
Volatility
FCLD vs. ASTS - Volatility Comparison
The current volatility for Fidelity Cloud Computing ETF (FCLD) is 11.75%, while AST SpaceMobile, Inc. (ASTS) has a volatility of 41.20%. This indicates that FCLD experiences smaller price fluctuations and is considered to be less risky than ASTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCLD | ASTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.75% | 41.20% | -29.45% |
Volatility (6M)Calculated over the trailing 6-month period | 22.90% | 85.03% | -62.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.06% | 105.98% | -77.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.54% | 109.52% | -78.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.54% | 111.00% | -80.46% |
Dividends
FCLD vs. ASTS - Dividend Comparison
FCLD's dividend yield for the trailing twelve months is around 0.02%, while ASTS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ASTS AST SpaceMobile, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FCLD Fidelity Cloud Computing ETF | 0.02% | 0.03% | 0.13% | 0.17% | 0.26% | 0.13% |
Frequently Asked Questions
FCLD and ASTS have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASTS has higher volatility (41.20%) compared to FCLD (11.75%). In terms of maximum drawdown, FCLD dropped -50.85% vs ASTS's -85.57%.
FCLD currently has the higher Sharpe Ratio (1.29 vs 1.17), 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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