FCLD vs. CLOU
Compare and contrast key facts about Fidelity Cloud Computing ETF (FCLD) and Global X Cloud Computing ETF (CLOU).
FCLD and CLOU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. CLOU is a passively managed fund by Global X that tracks the performance of the Indxx Global Cloud Computing Index. It was launched on Apr 12, 2019. Both FCLD and CLOU 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: FCLD or CLOU.
Key characteristics
| FCLD | CLOU | |
|---|---|---|
| YTD Return | 22.67% | 3.62% |
| 1Y Return | 41.95% | 24.30% |
| 3Y Return (Ann) | 0.34% | -8.18% |
| Sharpe Ratio | 1.94 | 1.14 |
| Sortino Ratio | 2.54 | 1.61 |
| Omega Ratio | 1.34 | 1.21 |
| Calmar Ratio | 1.43 | 0.57 |
| Martin Ratio | 6.97 | 1.99 |
| Ulcer Index | 6.02% | 11.85% |
| Daily Std Dev | 21.58% | 20.70% |
| Max Drawdown | -50.85% | -52.92% |
| Current Drawdown | -0.15% | -24.33% |
Correlation
The correlation between FCLD and CLOU is 0.93, 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
FCLD vs. CLOU - Performance Comparison
In the year-to-date period, FCLD achieves a 22.67% return, which is significantly higher than CLOU's 3.62% 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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FCLD vs. CLOU - Expense Ratio Comparison
FCLD has a 0.39% expense ratio, which is lower than CLOU's 0.68% expense ratio.
Risk-Adjusted Performance
FCLD vs. CLOU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Cloud Computing ETF (FCLD) and Global X Cloud Computing ETF (CLOU). 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.
Dividends
FCLD vs. CLOU - Dividend Comparison
FCLD's dividend yield for the trailing twelve months is around 0.13%, while CLOU has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
FCLD Fidelity Cloud Computing ETF | 0.13% | 0.17% | 0.26% | 0.13% | 0.00% | 0.00% |
CLOU Global X Cloud Computing ETF | 0.00% | 0.00% | 0.00% | 1.76% | 0.00% | 0.10% |
Drawdowns
FCLD vs. CLOU - Drawdown Comparison
The maximum FCLD drawdown since its inception was -50.85%, roughly equal to the maximum CLOU drawdown of -52.92%. Use the drawdown chart below to compare losses from any high point for FCLD and CLOU. For additional features, visit the drawdowns tool.
Volatility
FCLD vs. CLOU - Volatility Comparison
Fidelity Cloud Computing ETF (FCLD) has a higher volatility of 6.13% compared to Global X Cloud Computing ETF (CLOU) at 5.36%. This indicates that FCLD's price experiences larger fluctuations and is considered to be riskier than CLOU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.