FCLD vs. VGT
Compare and contrast key facts about Fidelity Cloud Computing ETF (FCLD) and Vanguard Information Technology ETF (VGT).
FCLD and VGT 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. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004. Both FCLD and VGT 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 VGT.
Key characteristics
| FCLD | VGT | |
|---|---|---|
| YTD Return | 4.58% | 5.51% |
| 1Y Return | 47.15% | 36.46% |
| Sharpe Ratio | 2.20 | 1.95 |
| Daily Std Dev | 22.36% | 18.44% |
| Max Drawdown | -50.85% | -54.63% |
| Current Drawdown | -14.55% | -3.68% |
Correlation
The correlation between FCLD and VGT is 0.87, 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. VGT - Performance Comparison
In the year-to-date period, FCLD achieves a 4.58% return, which is significantly lower than VGT's 5.51% 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. VGT - Expense Ratio Comparison
FCLD has a 0.39% expense ratio, which is higher than VGT's 0.10% expense ratio.
Risk-Adjusted Performance
FCLD vs. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Cloud Computing ETF (FCLD) and Vanguard Information Technology ETF (VGT). 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. VGT - Dividend Comparison
FCLD's dividend yield for the trailing twelve months is around 0.14%, less than VGT's 0.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
VGT Vanguard Information Technology ETF | 0.71% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% | 1.05% |
Drawdowns
FCLD vs. VGT - Drawdown Comparison
The maximum FCLD drawdown since its inception was -50.85%, smaller than the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for FCLD and VGT. For additional features, visit the drawdowns tool.
Volatility
FCLD vs. VGT - Volatility Comparison
Fidelity Cloud Computing ETF (FCLD) and Vanguard Information Technology ETF (VGT) have volatilities of 6.89% and 6.95%, 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.