FCLD vs. FBND
Compare and contrast key facts about Fidelity Cloud Computing ETF (FCLD) and Fidelity Total Bond ETF (FBND).
FCLD and FBND 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. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Performance
FCLD vs. FBND - Performance Comparison
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FCLD vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FCLD Fidelity Cloud Computing ETF | -8.71% | 8.19% | 21.80% | 53.05% | -41.32% | -1.32% |
FBND Fidelity Total Bond ETF | 0.14% | 7.57% | 2.13% | 6.81% | -12.54% | 0.40% |
Returns By Period
In the year-to-date period, FCLD achieves a -8.71% return, which is significantly lower than FBND's 0.14% return.
FCLD
- 1D
- 3.43%
- 1M
- -2.59%
- YTD
- -8.71%
- 6M
- -7.18%
- 1Y
- 14.12%
- 3Y*
- 16.12%
- 5Y*
- —
- 10Y*
- —
FBND
- 1D
- 0.31%
- 1M
- -1.78%
- YTD
- 0.14%
- 6M
- 1.01%
- 1Y
- 4.73%
- 3Y*
- 4.42%
- 5Y*
- 1.01%
- 10Y*
- 2.79%
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FCLD vs. FBND - Expense Ratio Comparison
FCLD has a 0.39% expense ratio, which is higher than FBND's 0.36% expense ratio.
Return for Risk
FCLD vs. FBND — Risk / Return Rank
FCLD
FBND
FCLD vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Cloud Computing ETF (FCLD) and Fidelity Total Bond ETF (FBND). 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.
| FCLD | FBND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.44 | 1.07 | -0.63 |
Sortino ratioReturn per unit of downside risk | 0.87 | 1.50 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.19 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.69 | 1.82 | -1.14 |
Martin ratioReturn relative to average drawdown | 1.94 | 5.71 | -3.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCLD | FBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 1.07 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.17 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.44 | -0.40 |
Correlation
The correlation between FCLD and FBND is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FCLD vs. FBND - Dividend Comparison
FCLD's dividend yield for the trailing twelve months is around 0.03%, less than FBND's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCLD Fidelity Cloud Computing ETF | 0.03% | 0.03% | 0.13% | 0.17% | 0.26% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.73% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Drawdowns
FCLD vs. FBND - Drawdown Comparison
The maximum FCLD drawdown since its inception was -50.85%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FCLD and FBND.
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Drawdown Indicators
| FCLD | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.85% | -17.25% | -33.60% |
Max Drawdown (1Y)Largest decline over 1 year | -18.53% | -2.79% | -15.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.25% | — |
Current DrawdownCurrent decline from peak | -14.65% | -1.78% | -12.87% |
Average DrawdownAverage peak-to-trough decline | -21.14% | -3.38% | -17.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.56% | 0.89% | +5.67% |
Volatility
FCLD vs. FBND - Volatility Comparison
Fidelity Cloud Computing ETF (FCLD) has a higher volatility of 8.46% compared to Fidelity Total Bond ETF (FBND) at 1.66%. This indicates that FCLD's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCLD | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.46% | 1.66% | +6.80% |
Volatility (6M)Calculated over the trailing 6-month period | 19.66% | 2.62% | +17.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.15% | 4.45% | +27.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.24% | 5.90% | +24.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.24% | 6.09% | +24.15% |