FCLD vs. FDIG
Compare and contrast key facts about Fidelity Cloud Computing ETF (FCLD) and Fidelity Crypto Industry and Digital Payments ETF (FDIG).
FCLD and FDIG 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. FDIG is a passively managed fund by Fidelity that tracks the performance of the Fidelity Crypto Industry and Digital Payments Index. It was launched on Apr 19, 2022. Both FCLD and FDIG 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 FDIG.
Key characteristics
| FCLD | FDIG | |
|---|---|---|
| YTD Return | 22.85% | 47.08% |
| 1Y Return | 42.13% | 145.40% |
| Sharpe Ratio | 2.09 | 2.20 |
| Sortino Ratio | 2.71 | 2.81 |
| Omega Ratio | 1.37 | 1.32 |
| Calmar Ratio | 1.54 | 3.80 |
| Martin Ratio | 7.54 | 7.61 |
| Ulcer Index | 6.02% | 19.20% |
| Daily Std Dev | 21.62% | 66.69% |
| Max Drawdown | -50.85% | -58.32% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FCLD and FDIG is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FCLD vs. FDIG - Performance Comparison
In the year-to-date period, FCLD achieves a 22.85% return, which is significantly lower than FDIG's 47.08% 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. FDIG - Expense Ratio Comparison
Both FCLD and FDIG have an expense ratio of 0.39%.
Risk-Adjusted Performance
FCLD vs. FDIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Cloud Computing ETF (FCLD) and Fidelity Crypto Industry and Digital Payments ETF (FDIG). 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. FDIG - Dividend Comparison
FCLD's dividend yield for the trailing twelve months is around 0.13%, more than FDIG's 0.12% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
FCLD Fidelity Cloud Computing ETF | 0.13% | 0.17% | 0.26% | 0.13% |
FDIG Fidelity Crypto Industry and Digital Payments ETF | 0.12% | 0.18% | 0.00% | 0.00% |
Drawdowns
FCLD vs. FDIG - Drawdown Comparison
The maximum FCLD drawdown since its inception was -50.85%, smaller than the maximum FDIG drawdown of -58.32%. Use the drawdown chart below to compare losses from any high point for FCLD and FDIG. For additional features, visit the drawdowns tool.
Volatility
FCLD vs. FDIG - Volatility Comparison
The current volatility for Fidelity Cloud Computing ETF (FCLD) is 6.12%, while Fidelity Crypto Industry and Digital Payments ETF (FDIG) has a volatility of 23.98%. This indicates that FCLD experiences smaller price fluctuations and is considered to be less risky than FDIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.