FCLD vs. CHPS

Last updated Jun 24, 2026

FCLD (Fidelity Cloud Computing ETF) and CHPS (Xtrackers Semiconductor Select Equity ETF) are both exchange-traded funds - FCLD is a Technology Equities fund tracking the Fidelity Cloud Computing Index - Benchmark TR Gross, while CHPS is a Semiconductors fund tracking the Solactive Semiconductor ESG Screened Index. Both are passively managed. Over the past year, FCLD returned 36.88% vs 199.74% for CHPS. A 0.62 correlation means they provide meaningful diversification when combined. FCLD charges 0.39%/yr vs 0.15%/yr for CHPS.

Performance

FCLD vs. CHPS - Performance Comparison

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

Returns By Period

In the year-to-date period, FCLD achieves a 26.49% return, which is significantly lower than CHPS's 107.68% return.

FCLD

• 1D: -1.44%
• 1M: 5.37%
• YTD: 26.49%
• 6M: 25.09%
• 1Y: 36.88%
• 3Y*: 25.90%
• 5Y*: —
• 10Y*: —

CHPS

• 1D: -8.79%
• 1M: 14.08%
• YTD: 107.68%
• 6M: 109.36%
• 1Y: 199.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FCLD vs. CHPS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FCLD Fidelity Cloud Computing ETF	26.49%	8.19%	21.80%	12.84%
CHPS Xtrackers Semiconductor Select Equity ETF	107.68%	58.47%	7.75%	10.88%

Correlation

The correlation between FCLD and CHPS is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.62

The correlation between FCLD and CHPS shifts across timeframes, from 0.47 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FCLD vs. CHPS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCLD

FCLD Risk / Return Rank: 38
FCLD Sharpe Ratio Rank: 38
FCLD Sortino Ratio Rank: 37
FCLD Omega Ratio Rank: 35
FCLD Calmar Ratio Rank: 45
FCLD Martin Ratio Rank: 36

CHPS

CHPS Risk / Return Rank: 96
CHPS Sharpe Ratio Rank: 98
CHPS Sortino Ratio Rank: 94
CHPS Omega Ratio Rank: 94
CHPS Calmar Ratio Rank: 98
CHPS Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FCLD vs. CHPS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Cloud Computing ETF (FCLD) and Xtrackers Semiconductor Select Equity ETF (CHPS). 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	CHPS	Difference
Sharpe ratio: Return per unit of total volatility	1.31	5.05	-3.74
Sortino ratio: Return per unit of downside risk	1.86	4.70	-2.83
Omega ratio: Gain probability vs. loss probability	1.23	1.66	-0.43
Calmar ratio: Return relative to maximum drawdown	2.12	11.49	-9.37
Martin ratio: Return relative to average drawdown	5.32	42.41	-37.09

FCLD vs. CHPS - Sharpe Ratio Comparison

The current FCLD Sharpe Ratio is 1.31, which is lower than the CHPS Sharpe Ratio of 5.05. The chart below compares the historical Sharpe Ratios of FCLD and CHPS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCLD vs. CHPS - Drawdown Comparison

The maximum FCLD drawdown since its inception was -50.85%, which is greater than CHPS's maximum drawdown of -39.44%. Use the drawdown chart below to compare losses from any high point for FCLD and CHPS.

Drawdown Indicators

	FCLD	CHPS	Difference
Max Drawdown Largest peak-to-trough decline	-50.85%	-39.44%	-11.41%
Max Drawdown (1Y) Largest decline over 1 year	-17.48%	-17.50%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-34.80%	—	—
Current Drawdown Current decline from peak	-9.76%	-8.79%	-0.97%
Average Drawdown Average peak-to-trough decline	-20.36%	-9.08%	-11.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.95%	4.73%	+2.22%

Volatility

FCLD vs. CHPS - Volatility Comparison

The current volatility for Fidelity Cloud Computing ETF (FCLD) is 12.64%, while Xtrackers Semiconductor Select Equity ETF (CHPS) has a volatility of 22.65%. This indicates that FCLD experiences smaller price fluctuations and is considered to be less risky than CHPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCLD	CHPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.64%	22.65%	-10.01%
Volatility (6M) Calculated over the trailing 6-month period	23.01%	34.27%	-11.26%
Volatility (1Y) Calculated over the trailing 1-year period	28.36%	39.81%	-11.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.54%	35.53%	-4.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.54%	35.53%	-4.99%

FCLD vs. CHPS - Expense Ratio Comparison

FCLD has a 0.39% expense ratio, which is higher than CHPS's 0.15% expense ratio.

Dividends

FCLD vs. CHPS - Dividend Comparison

FCLD's dividend yield for the trailing twelve months is around 0.01%, less than CHPS's 0.31% yield.

Position	TTM	2025	2024	2023	2022	2021
CHPS Xtrackers Semiconductor Select Equity ETF	0.31%	0.68%	1.75%	0.36%	0.00%	0.00%
FCLD Fidelity Cloud Computing ETF	0.01%	0.03%	0.13%	0.17%	0.26%	0.13%

Frequently Asked Questions

Can I hold both FCLD and CHPS in my portfolio?

FCLD and CHPS have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCLD or CHPS?

CHPS has higher volatility (22.65%) compared to FCLD (12.64%). In terms of maximum drawdown, FCLD dropped -50.85% vs CHPS's -39.44%.

Which ETF is better, FCLD or CHPS?

On 1-year performance, CHPS leads with 199.74% vs 36.88% for FCLD. On fees, CHPS is cheaper at 0.15% per year. On volatility, FCLD has been the lower-risk option at 12.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FCLD or CHPS?

Over the 1-year period, CHPS has performed better with a 199.74% return vs 36.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FCLD or CHPS?

CHPS is cheaper with a 0.15% expense ratio, compared with 0.39% for FCLD.

Which ETF pays a higher dividend yield, FCLD or CHPS?

CHPS has the higher dividend yield at 0.31%, compared with 0.01% for FCLD.

What is the main difference between FCLD and CHPS?

FCLD is categorized as Technology Equities, while CHPS is Semiconductors. FCLD tracks Fidelity Cloud Computing Index - Benchmark TR Gross, while CHPS tracks Solactive Semiconductor ESG Screened Index. They also come from different issuers: Fidelity and Xtrackers. Their fees differ too: 0.39% for FCLD and 0.15% for CHPS.

Which has better risk-adjusted returns?

CHPS currently has the higher Sharpe Ratio (5.05 vs 1.31), 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.