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FCLD vs. FXAIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FCLD and FXAIX is 0.81, 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.


-0.50.00.51.0
Correlation: 0.8

Performance

FCLD vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Cloud Computing ETF (FCLD) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%December2025FebruaryMarchAprilMay
-1.07%
34.31%
FCLD
FXAIX

Key characteristics

Sharpe Ratio

FCLD:

0.17

FXAIX:

0.56

Sortino Ratio

FCLD:

0.47

FXAIX:

0.91

Omega Ratio

FCLD:

1.06

FXAIX:

1.13

Calmar Ratio

FCLD:

0.15

FXAIX:

0.59

Martin Ratio

FCLD:

0.51

FXAIX:

2.34

Ulcer Index

FCLD:

10.38%

FXAIX:

4.69%

Daily Std Dev

FCLD:

31.97%

FXAIX:

19.47%

Max Drawdown

FCLD:

-50.85%

FXAIX:

-33.79%

Current Drawdown

FCLD:

-17.92%

FXAIX:

-8.59%

Returns By Period

In the year-to-date period, FCLD achieves a -8.35% return, which is significantly lower than FXAIX's -4.36% return.


FCLD

YTD

-8.35%

1M

4.57%

6M

0.45%

1Y

8.95%

5Y*

N/A

10Y*

N/A

FXAIX

YTD

-4.36%

1M

-0.46%

6M

-1.16%

1Y

13.15%

5Y*

16.45%

10Y*

12.06%

*Annualized

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FCLD vs. FXAIX - Expense Ratio Comparison

FCLD has a 0.39% expense ratio, which is higher than FXAIX's 0.02% expense ratio.


Expense ratio chart for FCLD: current value is 0.39%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FCLD: 0.39%
Expense ratio chart for FXAIX: current value is 0.02%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FXAIX: 0.02%

Risk-Adjusted Performance

FCLD vs. FXAIX — Risk-Adjusted Performance Rank

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

FCLD
The Risk-Adjusted Performance Rank of FCLD is 3333
Overall Rank
The Sharpe Ratio Rank of FCLD is 3030
Sharpe Ratio Rank
The Sortino Ratio Rank of FCLD is 3636
Sortino Ratio Rank
The Omega Ratio Rank of FCLD is 3535
Omega Ratio Rank
The Calmar Ratio Rank of FCLD is 3232
Calmar Ratio Rank
The Martin Ratio Rank of FCLD is 3030
Martin Ratio Rank

FXAIX
The Risk-Adjusted Performance Rank of FXAIX is 6161
Overall Rank
The Sharpe Ratio Rank of FXAIX is 5757
Sharpe Ratio Rank
The Sortino Ratio Rank of FXAIX is 6060
Sortino Ratio Rank
The Omega Ratio Rank of FXAIX is 6161
Omega Ratio Rank
The Calmar Ratio Rank of FXAIX is 6767
Calmar Ratio Rank
The Martin Ratio Rank of FXAIX is 6161
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FCLD vs. FXAIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Cloud Computing ETF (FCLD) and Fidelity 500 Index Fund (FXAIX). 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.


The chart of Sharpe ratio for FCLD, currently valued at 0.17, compared to the broader market-1.000.001.002.003.004.00
FCLD: 0.17
FXAIX: 0.56
The chart of Sortino ratio for FCLD, currently valued at 0.47, compared to the broader market-2.000.002.004.006.008.00
FCLD: 0.47
FXAIX: 0.91
The chart of Omega ratio for FCLD, currently valued at 1.06, compared to the broader market0.501.001.502.002.50
FCLD: 1.06
FXAIX: 1.13
The chart of Calmar ratio for FCLD, currently valued at 0.15, compared to the broader market0.002.004.006.008.0010.00
FCLD: 0.15
FXAIX: 0.59
The chart of Martin ratio for FCLD, currently valued at 0.51, compared to the broader market0.0020.0040.0060.00
FCLD: 0.51
FXAIX: 2.34

The current FCLD Sharpe Ratio is 0.17, which is lower than the FXAIX Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of FCLD and FXAIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2025FebruaryMarchAprilMay
0.17
0.56
FCLD
FXAIX

Dividends

FCLD vs. FXAIX - Dividend Comparison

FCLD's dividend yield for the trailing twelve months is around 0.12%, less than FXAIX's 1.33% yield.


TTM20242023202220212020201920182017201620152014
FCLD
Fidelity Cloud Computing ETF
0.12%0.13%0.17%0.26%0.13%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FXAIX
Fidelity 500 Index Fund
1.33%1.25%1.45%1.69%1.22%1.60%1.95%2.07%1.81%2.01%2.56%2.63%

Drawdowns

FCLD vs. FXAIX - Drawdown Comparison

The maximum FCLD drawdown since its inception was -50.85%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FCLD and FXAIX. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-17.92%
-8.59%
FCLD
FXAIX

Volatility

FCLD vs. FXAIX - Volatility Comparison

Fidelity Cloud Computing ETF (FCLD) has a higher volatility of 21.55% compared to Fidelity 500 Index Fund (FXAIX) at 14.27%. This indicates that FCLD's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%December2025FebruaryMarchAprilMay
21.55%
14.27%
FCLD
FXAIX