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

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.


-0.50.00.51.01.0

Performance

FCLD vs. SKYY - Performance Comparison

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

-20.00%-10.00%0.00%10.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
10.54%
12.55%
FCLD
SKYY

Key characteristics

Sharpe Ratio

FCLD:

1.10

SKYY:

1.68

Sortino Ratio

FCLD:

1.55

SKYY:

2.21

Omega Ratio

FCLD:

1.20

SKYY:

1.30

Calmar Ratio

FCLD:

1.12

SKYY:

1.27

Martin Ratio

FCLD:

4.12

SKYY:

11.09

Ulcer Index

FCLD:

6.07%

SKYY:

3.42%

Daily Std Dev

FCLD:

22.74%

SKYY:

22.51%

Max Drawdown

FCLD:

-50.85%

SKYY:

-53.20%

Current Drawdown

FCLD:

-8.28%

SKYY:

-7.45%

Returns By Period

In the year-to-date period, FCLD achieves a 24.74% return, which is significantly lower than SKYY's 37.72% return.


FCLD

YTD

24.74%

1M

3.84%

6M

19.73%

1Y

24.46%

5Y*

N/A

10Y*

N/A

SKYY

YTD

37.72%

1M

4.48%

6M

30.97%

1Y

36.94%

5Y*

15.14%

10Y*

15.89%

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. SKYY - Expense Ratio Comparison

FCLD has a 0.39% expense ratio, which is lower than SKYY's 0.60% expense ratio.


SKYY
First Trust ISE Cloud Computing Index Fund
Expense ratio chart for SKYY: current value at 0.60% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.60%
Expense ratio chart for FCLD: current value at 0.39% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.39%

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.


Sharpe ratio
The chart of Sharpe ratio for FCLD, currently valued at 1.10, compared to the broader market0.002.004.001.101.68
The chart of Sortino ratio for FCLD, currently valued at 1.55, compared to the broader market-2.000.002.004.006.008.0010.001.552.21
The chart of Omega ratio for FCLD, currently valued at 1.20, compared to the broader market0.501.001.502.002.503.001.201.30
The chart of Calmar ratio for FCLD, currently valued at 1.12, compared to the broader market0.005.0010.0015.001.121.27
The chart of Martin ratio for FCLD, currently valued at 4.12, compared to the broader market0.0020.0040.0060.0080.00100.004.1211.09
FCLD
SKYY

The current FCLD Sharpe Ratio is 1.10, which is lower than the SKYY Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of FCLD and SKYY, 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 Ratio0.501.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
1.10
1.68
FCLD
SKYY

Dividends

FCLD vs. SKYY - Dividend Comparison

FCLD's dividend yield for the trailing twelve months is around 0.11%, while SKYY has not paid dividends to shareholders.


TTM2023202220212020201920182017201620152014
FCLD
Fidelity Cloud Computing ETF
0.11%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.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-8.28%
-7.45%
FCLD
SKYY

Volatility

FCLD vs. SKYY - Volatility Comparison

Fidelity Cloud Computing ETF (FCLD) and First Trust ISE Cloud Computing Index Fund (SKYY) have volatilities of 9.19% and 8.82%, 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.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%JulyAugustSeptemberOctoberNovemberDecember
9.19%
8.82%
FCLD
SKYY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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