FCLD vs. FTEC
Compare and contrast key facts about Fidelity Cloud Computing ETF (FCLD) and Fidelity MSCI Information Technology Index ETF (FTEC).
FCLD and FTEC 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. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology 25/50 Index. It was launched on Oct 21, 2013. Both FCLD and FTEC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FCLD vs. FTEC - Performance Comparison
Loading graphics...
FCLD vs. FTEC - 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% |
FTEC Fidelity MSCI Information Technology Index ETF | -7.30% | 22.11% | 29.40% | 53.30% | -29.59% | 12.01% |
Returns By Period
In the year-to-date period, FCLD achieves a -8.71% return, which is significantly lower than FTEC's -7.30% return.
FCLD
- 1D
- 3.43%
- 1M
- -2.59%
- YTD
- -8.71%
- 6M
- -7.18%
- 1Y
- 14.12%
- 3Y*
- 16.12%
- 5Y*
- —
- 10Y*
- —
FTEC
- 1D
- 4.32%
- 1M
- -3.83%
- YTD
- -7.30%
- 6M
- -6.15%
- 1Y
- 29.59%
- 3Y*
- 22.94%
- 5Y*
- 14.76%
- 10Y*
- 21.13%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FCLD vs. FTEC - Expense Ratio Comparison
FCLD has a 0.39% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Return for Risk
FCLD vs. FTEC — Risk / Return Rank
FCLD
FTEC
FCLD vs. FTEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Cloud Computing ETF (FCLD) and Fidelity MSCI Information Technology Index ETF (FTEC). 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 | FTEC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.44 | 1.08 | -0.64 |
Sortino ratioReturn per unit of downside risk | 0.87 | 1.66 | -0.79 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.23 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.69 | 1.81 | -1.12 |
Martin ratioReturn relative to average drawdown | 1.94 | 5.63 | -3.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FCLD | FTEC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 1.08 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.85 | -0.80 |
Correlation
The correlation between FCLD and FTEC is 0.83, 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.
Dividends
FCLD vs. FTEC - Dividend Comparison
FCLD's dividend yield for the trailing twelve months is around 0.03%, less than FTEC's 0.46% 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% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.46% | 0.43% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% |
Drawdowns
FCLD vs. FTEC - Drawdown Comparison
The maximum FCLD drawdown since its inception was -50.85%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FCLD and FTEC.
Loading graphics...
Drawdown Indicators
| FCLD | FTEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.85% | -34.95% | -15.90% |
Max Drawdown (1Y)Largest decline over 1 year | -18.53% | -16.26% | -2.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.95% | — |
Current DrawdownCurrent decline from peak | -14.65% | -12.65% | -2.00% |
Average DrawdownAverage peak-to-trough decline | -21.14% | -5.61% | -15.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.56% | 5.22% | +1.34% |
Volatility
FCLD vs. FTEC - Volatility Comparison
Fidelity Cloud Computing ETF (FCLD) has a higher volatility of 8.46% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 7.97%. This indicates that FCLD's price experiences larger fluctuations and is considered to be riskier than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FCLD | FTEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.46% | 7.97% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 19.66% | 16.35% | +3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.15% | 27.51% | +4.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.24% | 25.12% | +5.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.24% | 24.57% | +5.67% |