FCLD vs. TRUT
FCLD (Fidelity Cloud Computing ETF) and TRUT (Vaneck Technology Trusector ETF) are both Technology Equities funds. FCLD is passively managed, while TRUT is actively managed. A 0.62 correlation means they provide meaningful diversification when combined. FCLD charges 0.39%/yr vs 0.13%/yr for TRUT.
Performance
FCLD vs. TRUT - Performance Comparison
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Returns By Period
In the year-to-date period, FCLD achieves a 34.57% return, which is significantly higher than TRUT's 25.30% return.
FCLD
- 1D
- -2.61%
- 1M
- 19.91%
- YTD
- 34.57%
- 6M
- 36.74%
- 1Y
- 45.14%
- 3Y*
- 28.24%
- 5Y*
- —
- 10Y*
- —
TRUT
- 1D
- -1.46%
- 1M
- 16.68%
- YTD
- 25.30%
- 6M
- 24.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCLD vs. TRUT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FCLD Fidelity Cloud Computing ETF | 34.57% | 11.55% |
TRUT Vaneck Technology Trusector ETF | 25.30% | 10.16% |
Correlation
The correlation between FCLD and TRUT is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025 | 0.62 |
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Return for Risk
FCLD vs. TRUT — Risk / Return Rank
FCLD
TRUT
FCLD vs. TRUT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Cloud Computing ETF (FCLD) and Vaneck Technology Trusector ETF (TRUT). 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.
| FCLD | TRUT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | — | — |
| Martin ratioReturn relative to average drawdown | 6.81 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCLD | TRUT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 2.39 | -2.06 |
Drawdowns
FCLD vs. TRUT - Drawdown Comparison
The maximum FCLD drawdown since its inception was -50.85%, which is greater than TRUT's maximum drawdown of -18.55%. Use the drawdown chart below to compare losses from any high point for FCLD and TRUT.
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Drawdown Indicators
| FCLD | TRUT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.85% | -18.55% | -32.30% |
Max Drawdown (1Y)Largest decline over 1 year | -17.48% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -34.80% | — | — |
Current DrawdownCurrent decline from peak | -4.00% | -1.46% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -20.51% | -5.17% | -15.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.64% | — | — |
Volatility
FCLD vs. TRUT - Volatility Comparison
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Volatility by Period
| FCLD | TRUT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.45% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 22.07% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.40% | 21.53% | +5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.50% | 21.53% | +8.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.50% | 21.53% | +8.97% |
FCLD vs. TRUT - Expense Ratio Comparison
FCLD has a 0.39% expense ratio, which is higher than TRUT's 0.13% expense ratio.
Dividends
FCLD vs. TRUT - Dividend Comparison
FCLD's dividend yield for the trailing twelve months is around 0.02%, less than TRUT's 0.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FCLD Fidelity Cloud Computing ETF | 0.02% | 0.03% | 0.13% | 0.17% | 0.26% | 0.13% |
TRUT Vaneck Technology Trusector ETF | 0.19% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCLD and TRUT have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRUT is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRUT is cheaper with a 0.13% expense ratio, compared with 0.39% for FCLD.
TRUT has the higher dividend yield at 0.19%, compared with 0.02% for FCLD.
They also come from different issuers: Fidelity and VanEck. Their fees differ too: 0.39% for FCLD and 0.13% for TRUT.
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