FCLD vs. SKYY
Compare and contrast key facts about Fidelity Cloud Computing ETF (FCLD) and First Trust ISE Cloud Computing Index Fund (SKYY).
FCLD and SKYY 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. SKYY is a passively managed fund by First Trust that tracks the performance of the ISE Cloud Computing Index. It was launched on Jul 5, 2011. Both FCLD and SKYY 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 SKYY.
Key characteristics
| FCLD | SKYY | |
|---|---|---|
| YTD Return | 20.17% | 34.23% |
| 1Y Return | 42.23% | 55.85% |
| 3Y Return (Ann) | -0.61% | -0.22% |
| Sharpe Ratio | 1.88 | 2.47 |
| Sortino Ratio | 2.48 | 3.10 |
| Omega Ratio | 1.33 | 1.42 |
| Calmar Ratio | 1.31 | 1.47 |
| Martin Ratio | 6.76 | 16.04 |
| Ulcer Index | 6.02% | 3.32% |
| Daily Std Dev | 21.62% | 21.57% |
| Max Drawdown | -50.85% | -53.20% |
| Current Drawdown | -1.81% | -0.78% |
Correlation
The correlation between FCLD and SKYY is 0.96, 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. SKYY - Performance Comparison
In the year-to-date period, FCLD achieves a 20.17% return, which is significantly lower than SKYY's 34.23% 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. SKYY - Expense Ratio Comparison
FCLD has a 0.39% expense ratio, which is lower than SKYY's 0.60% expense ratio.
Risk-Adjusted Performance
FCLD vs. SKYY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Cloud Computing ETF (FCLD) and First Trust ISE Cloud Computing Index Fund (SKYY). 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. SKYY - Dividend Comparison
FCLD's dividend yield for the trailing twelve months is around 0.14%, while SKYY has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SKYY First Trust ISE Cloud Computing Index Fund | 0.00% | 0.00% | 0.23% | 0.78% | 0.17% | 0.54% | 0.95% | 0.27% | 0.35% | 0.41% | 0.17% |
Drawdowns
FCLD vs. SKYY - Drawdown Comparison
The maximum FCLD drawdown since its inception was -50.85%, roughly equal to the maximum SKYY drawdown of -53.20%. Use the drawdown chart below to compare losses from any high point for FCLD and SKYY. For additional features, visit the drawdowns tool.
Volatility
FCLD vs. SKYY - Volatility Comparison
The current volatility for Fidelity Cloud Computing ETF (FCLD) is 5.86%, while First Trust ISE Cloud Computing Index Fund (SKYY) has a volatility of 6.49%. This indicates that FCLD experiences smaller price fluctuations and is considered to be less risky than SKYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.