FCLD vs. GXPT

Last updated Jun 25, 2026

FCLD (Fidelity Cloud Computing ETF) and GXPT (Global X PureCap MSCI Information Technology ETF) are both Technology Equities funds - FCLD tracks the Fidelity Cloud Computing Index - Benchmark TR Gross while GXPT tracks the MSCI USA Information Technology PureCap Index. Both are passively managed. A 0.65 correlation means they provide meaningful diversification when combined. FCLD charges 0.39%/yr vs 0.15%/yr for GXPT.

Performance

FCLD vs. GXPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Cloud Computing ETF (FCLD) and Global X PureCap MSCI Information Technology ETF (GXPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCLD achieves a 24.92% return, which is significantly higher than GXPT's 16.02% return.

FCLD

• 1D: -1.24%
• 1M: 4.06%
• YTD: 24.92%
• 6M: 23.38%
• 1Y: 32.25%
• 3Y*: 25.37%
• 5Y*: —
• 10Y*: —

GXPT

• 1D: -0.72%
• 1M: -1.67%
• YTD: 16.02%
• 6M: 14.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FCLD vs. GXPT - Yearly Performance Comparison

	2026 (YTD)	2025
FCLD Fidelity Cloud Computing ETF	24.92%	3.87%
GXPT Global X PureCap MSCI Information Technology ETF	16.02%	11.47%

Correlation

The correlation between FCLD and GXPT is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.65

Return for Risk

FCLD vs. GXPT — Risk / Return Rank

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

FCLD

FCLD Risk / Return Rank: 35
FCLD Sharpe Ratio Rank: 35
FCLD Sortino Ratio Rank: 34
FCLD Omega Ratio Rank: 32
FCLD Calmar Ratio Rank: 41
FCLD Martin Ratio Rank: 34

GXPT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FCLD vs. GXPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Cloud Computing ETF (FCLD) and Global X PureCap MSCI Information Technology ETF (GXPT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FCLD	GXPT	Difference
Sharpe ratio: Return per unit of total volatility	1.14	—	—
Sortino ratio: Return per unit of downside risk	1.68	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.85	—	—
Martin ratio: Return relative to average drawdown	4.63	—	—

Drawdowns

FCLD vs. GXPT - Drawdown Comparison

The maximum FCLD drawdown since its inception was -50.85%, which is greater than GXPT's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for FCLD and GXPT.

Drawdown Indicators

	FCLD	GXPT	Difference
Max Drawdown Largest peak-to-trough decline	-50.85%	-18.74%	-32.11%
Max Drawdown (1Y) Largest decline over 1 year	-17.48%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-34.80%	—	—
Current Drawdown Current decline from peak	-10.88%	-9.37%	-1.51%
Average Drawdown Average peak-to-trough decline	-20.35%	-5.06%	-15.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.98%	—	—

Volatility

Volatility by Period

	FCLD	GXPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.65%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.38%	22.88%	+5.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.54%	22.88%	+7.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.54%	22.88%	+7.66%

FCLD vs. GXPT - Expense Ratio Comparison

FCLD has a 0.39% expense ratio, which is higher than GXPT's 0.15% expense ratio.

Dividends

FCLD vs. GXPT - Dividend Comparison

FCLD's dividend yield for the trailing twelve months is around 0.01%, less than GXPT's 0.12% yield.

Position	TTM	2025	2024	2023	2022	2021
FCLD Fidelity Cloud Computing ETF	0.01%	0.03%	0.13%	0.17%	0.26%	0.13%
GXPT Global X PureCap MSCI Information Technology ETF	0.12%	0.14%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCLD and GXPT in my portfolio?

FCLD and GXPT have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FCLD or GXPT?

On fees, GXPT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FCLD or GXPT?

GXPT is cheaper with a 0.15% expense ratio, compared with 0.39% for FCLD.

Which ETF pays a higher dividend yield, FCLD or GXPT?

GXPT has the higher dividend yield at 0.12%, compared with 0.01% for FCLD.

What is the main difference between FCLD and GXPT?

FCLD tracks Fidelity Cloud Computing Index - Benchmark TR Gross, while GXPT tracks MSCI USA Information Technology PureCap Index. They also come from different issuers: Fidelity and Global X. Their fees differ too: 0.39% for FCLD and 0.15% for GXPT.