FCLD vs. TDV
FCLD (Fidelity Cloud Computing ETF) and TDV (ProShares S&P Technology Dividend Aristocrats ETF) are both Technology Equities funds - FCLD tracks the Fidelity Cloud Computing Index - Benchmark TR Gross while TDV tracks the S&P Technology Dividend Aristocrats Index. Both are passively managed. Over the past 3 years, FCLD returned 24.29%/yr vs 14.78%/yr for TDV. Their 0.74 correlation means they have sometimes moved together and sometimes differently. FCLD charges 0.39%/yr vs 0.45%/yr for TDV.
Performance
FCLD vs. TDV - Performance Comparison
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Returns By Period
In the year-to-date period, FCLD achieves a 33.66% return, which is significantly higher than TDV's 14.99% return.
FCLD
- 1D
- 1.33%
- 1M
- 4.17%
- 6M
- 35.89%
- YTD
- 33.66%
- 1Y
- 45.67%
- 3Y*
- 24.29%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.63%
TDV
- 1D
- 0.75%
- 1M
- -0.57%
- 6M
- 11.45%
- YTD
- 14.99%
- 1Y
- 22.50%
- 3Y*
- 14.78%
- 5Y*
- 11.48%
- 10Y*
- —
- ALL TIME*
- 15.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $599.13K | $567.95K | $795.73K | |
| $551.98K | $539.76K | $593.04K |
FCLD vs. TDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FCLD Fidelity Cloud Computing ETF | 33.66% | 8.19% | 21.80% | 53.05% | -41.32% | -1.59% |
TDV ProShares S&P Technology Dividend Aristocrats ETF | 14.99% | 16.05% | 9.72% | 27.29% | -15.94% | 11.56% |
Correlation
The correlation between FCLD and TDV is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021 | 0.74 |
The correlation between FCLD and TDV shifts across timeframes, from 0.63 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FCLD vs. TDV — Risk / Return Rank
FCLD
TDV
FCLD vs. TDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Cloud Computing ETF (FCLD) and ProShares S&P Technology Dividend Aristocrats ETF (TDV). 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 | TDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 2.19 | +0.08 |
| Martin ratioReturn relative to average drawdown | 5.48 | 5.76 | -0.27 |
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Drawdowns
FCLD vs. TDV - Drawdown Comparison
The maximum FCLD drawdown since its inception was -50.85%, which is greater than TDV's maximum drawdown of -32.78%. Use the drawdown chart below to compare losses from any high point for FCLD and TDV.
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Drawdown Indicators
| FCLD | TDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.85% | -32.78% | -18.07% |
Max Drawdown (1Y)Largest decline over 1 year | -17.48% | -9.55% | -7.93% |
Max Drawdown (3Y)Largest decline over 3 years | -34.80% | -22.51% | -12.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.11% | — |
Current DrawdownCurrent decline from peak | -4.65% | -6.97% | +2.32% |
Average DrawdownAverage peak-to-trough decline | -20.08% | -5.37% | -14.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.31% | 3.63% | +3.68% |
Volatility
FCLD vs. TDV - Volatility Comparison
Fidelity Cloud Computing ETF (FCLD) has a higher volatility of 6.98% compared to ProShares S&P Technology Dividend Aristocrats ETF (TDV) at 5.85%. This indicates that FCLD's price experiences larger fluctuations and is considered to be riskier than TDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCLD | TDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.98% | 5.85% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 22.27% | 15.38% | +6.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.80% | 19.42% | +9.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.39% | 20.83% | +9.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.39% | 23.27% | +7.12% |
FCLD vs. TDV - Expense Ratio Comparison
FCLD has a 0.39% expense ratio, which is lower than TDV's 0.45% expense ratio.
Dividends
FCLD vs. TDV - Dividend Comparison
FCLD's dividend yield for the trailing twelve months is around 0.01%, less than TDV's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FCLD Fidelity Cloud Computing ETF | 0.01% | 0.03% | 0.13% | 0.17% | 0.26% | 0.13% | 0.00% | 0.00% |
TDV ProShares S&P Technology Dividend Aristocrats ETF | 1.06% | 1.09% | 1.16% | 1.16% | 1.67% | 1.08% | 1.10% | 0.11% |
Frequently Asked Questions
FCLD and TDV have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCLD has higher volatility (6.98%) compared to TDV (5.85%). In terms of maximum drawdown, FCLD dropped -50.85% vs TDV's -32.78%.
On 3-year performance, FCLD leads with 24.29% vs 14.78% for TDV. On fees, FCLD is cheaper at 0.39% per year. On volatility, TDV has been the lower-risk option at 5.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FCLD has performed better with a 24.29% return vs 14.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FCLD is cheaper with a 0.39% expense ratio, compared with 0.45% for TDV.
TDV has the higher dividend yield at 1.06%, compared with 0.01% for FCLD.
FCLD tracks Fidelity Cloud Computing Index - Benchmark TR Gross, while TDV tracks S&P Technology Dividend Aristocrats Index. They also come from different issuers: Fidelity and ProShares. Their fees differ too: 0.39% for FCLD and 0.45% for TDV.
FCLD currently has the higher Sharpe Ratio (1.38 vs 1.08), 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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