FCLD vs. SMR
FCLD (Fidelity Cloud Computing ETF) is Technology Equities fund tracking the Fidelity Cloud Computing Index - Benchmark TR Gross, while SMR (NuScale Power Corporation) is a stock. Over the past 3 years, FCLD returned 24.61%/yr vs 5.43%/yr for SMR. At a 0.33 correlation, their price movements are largely independent.
Performance
FCLD vs. SMR - Performance Comparison
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Returns By Period
In the year-to-date period, FCLD achieves a 26.37% return, which is significantly higher than SMR's -30.20% return.
FCLD
- 1D
- 1.88%
- 1M
- 9.94%
- YTD
- 26.37%
- 6M
- 24.95%
- 1Y
- 35.98%
- 3Y*
- 24.61%
- 5Y*
- —
- 10Y*
- —
SMR
- 1D
- 3.34%
- 1M
- -17.31%
- YTD
- -30.20%
- 6M
- -46.07%
- 1Y
- -75.51%
- 3Y*
- 5.43%
- 5Y*
- -0.32%
- 10Y*
- —
FCLD vs. SMR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FCLD Fidelity Cloud Computing ETF | 26.37% | 8.19% | 21.80% | 53.05% | -41.32% | -1.59% |
SMR NuScale Power Corporation | -30.20% | -20.97% | 444.98% | -67.93% | 2.29% | 14.24% |
Correlation
The correlation between FCLD and SMR is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021 | 0.33 |
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Return for Risk
FCLD vs. SMR — Risk / Return Rank
FCLD
SMR
FCLD vs. SMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Cloud Computing ETF (FCLD) and NuScale Power Corporation (SMR). 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 | SMR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.03 | ||
| Sortino ratioReturn per unit of downside risk | +3.08 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.87 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | -0.91 | +2.98 |
| Martin ratioReturn relative to average drawdown | 5.28 | -1.32 | +6.59 |
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Drawdowns
FCLD vs. SMR - Drawdown Comparison
The maximum FCLD drawdown since its inception was -50.85%, smaller than the maximum SMR drawdown of -87.47%. Use the drawdown chart below to compare losses from any high point for FCLD and SMR.
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Drawdown Indicators
| FCLD | SMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.85% | -87.47% | +36.62% |
Max Drawdown (1Y)Largest decline over 1 year | -17.48% | -82.86% | +65.38% |
Max Drawdown (3Y)Largest decline over 3 years | -34.80% | -82.86% | +48.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -87.47% | — |
Current DrawdownCurrent decline from peak | -9.85% | -81.49% | +71.64% |
Average DrawdownAverage peak-to-trough decline | -20.42% | -35.08% | +14.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.84% | 57.39% | -50.55% |
Volatility
FCLD vs. SMR - Volatility Comparison
The current volatility for Fidelity Cloud Computing ETF (FCLD) is 11.75%, while NuScale Power Corporation (SMR) has a volatility of 28.93%. This indicates that FCLD experiences smaller price fluctuations and is considered to be less risky than SMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCLD | SMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.75% | 28.93% | -17.18% |
Volatility (6M)Calculated over the trailing 6-month period | 22.90% | 69.57% | -46.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.06% | 102.59% | -74.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.54% | 93.50% | -62.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.54% | 89.31% | -58.77% |
Dividends
FCLD vs. SMR - Dividend Comparison
FCLD's dividend yield for the trailing twelve months is around 0.02%, while SMR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FCLD Fidelity Cloud Computing ETF | 0.02% | 0.03% | 0.13% | 0.17% | 0.26% | 0.13% |
SMR NuScale Power Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCLD and SMR have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMR has higher volatility (28.93%) compared to FCLD (11.75%). In terms of maximum drawdown, FCLD dropped -50.85% vs SMR's -87.47%.
FCLD currently has the higher Sharpe Ratio (1.29 vs -0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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