FCLD vs. IYW
Compare and contrast key facts about Fidelity Cloud Computing ETF (FCLD) and iShares U.S. Technology ETF (IYW).
FCLD and IYW 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. IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000. Both FCLD and IYW 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 IYW.
Key characteristics
| FCLD | IYW | |
|---|---|---|
| YTD Return | 4.58% | 7.74% |
| 1Y Return | 47.15% | 45.70% |
| Sharpe Ratio | 2.20 | 2.38 |
| Daily Std Dev | 22.36% | 18.93% |
| Max Drawdown | -50.85% | -81.89% |
| Current Drawdown | -14.55% | -3.24% |
Correlation
The correlation between FCLD and IYW is 0.86, 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.
Performance
FCLD vs. IYW - Performance Comparison
In the year-to-date period, FCLD achieves a 4.58% return, which is significantly lower than IYW's 7.74% 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. IYW - Expense Ratio Comparison
FCLD has a 0.39% expense ratio, which is lower than IYW's 0.42% expense ratio.
Risk-Adjusted Performance
FCLD vs. IYW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Cloud Computing ETF (FCLD) and iShares U.S. Technology ETF (IYW). 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. IYW - Dividend Comparison
FCLD's dividend yield for the trailing twelve months is around 0.14%, less than IYW's 0.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCLD Fidelity Cloud Computing ETF | 0.14% | 0.17% | 0.26% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYW iShares U.S. Technology ETF | 0.35% | 0.40% | 0.50% | 0.31% | 0.56% | 0.72% | 0.91% | 0.82% | 1.13% | 1.12% | 1.13% | 1.06% |
Drawdowns
FCLD vs. IYW - Drawdown Comparison
The maximum FCLD drawdown since its inception was -50.85%, smaller than the maximum IYW drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for FCLD and IYW. For additional features, visit the drawdowns tool.
Volatility
FCLD vs. IYW - Volatility Comparison
Fidelity Cloud Computing ETF (FCLD) and iShares U.S. Technology ETF (IYW) have volatilities of 6.89% and 7.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.