FCLD vs. WCLD

Last updated Aug 2, 2026

FCLD (Fidelity Cloud Computing ETF) and WCLD (WisdomTree Cloud Computing Fund) are both Technology Equities funds - FCLD tracks the Fidelity Cloud Computing Index - Benchmark TR Gross while WCLD tracks the BVP Nasdaq Emerging Cloud Index. Both are passively managed. Over the past 3 years, FCLD returned 24.29%/yr vs 1.24%/yr for WCLD. Their correlation of 0.90 means they have usually moved in the same direction. FCLD charges 0.39%/yr vs 0.45%/yr for WCLD.

Performance

FCLD vs. WCLD - Performance Comparison

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

Returns By Period

In the year-to-date period, FCLD achieves a 33.66% return, which is significantly higher than WCLD's 1.37% 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%

WCLD

• 1D: 1.57%
• 1M: 5.88%
• 6M: 17.87%
• YTD: 1.37%
• 1Y: 4.38%
• 3Y*: 1.24%
• 5Y*: -9.16%
• 10Y*: —
• ALL TIME*: 5.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FCLD Fidelity Cloud Computing ETF	$599.13K	$567.95K	$795.73K
WCLD WisdomTree Cloud Computing Fund	$33.74M	$31.40M	$33.73M

FCLD vs. WCLD - 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%
WCLD WisdomTree Cloud Computing Fund	1.37%	-6.69%	7.35%	39.35%	-51.64%	-9.62%

Correlation

The correlation between FCLD and WCLD is 0.75, 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.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021	0.90

The correlation between FCLD and WCLD shifts across timeframes, from 0.75 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FCLD vs. WCLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FCLD

FCLD Risk / Return Rank: 56
FCLD Sharpe Ratio Rank: 58
FCLD Sortino Ratio Rank: 57
FCLD Omega Ratio Rank: 52
FCLD Calmar Ratio Rank: 66
FCLD Martin Ratio Rank: 48

WCLD

WCLD Risk / Return Rank: 12
WCLD Sharpe Ratio Rank: 12
WCLD Sortino Ratio Rank: 14
WCLD Omega Ratio Rank: 13
WCLD Calmar Ratio Rank: 11
WCLD Martin Ratio Rank: 11

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FCLD vs. WCLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Cloud Computing ETF (FCLD) and WisdomTree Cloud Computing Fund (WCLD). 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	WCLD	Difference
Sharpe ratio: Return per unit of total volatility	1.38	0.04	+1.34
Sortino ratio: Return per unit of downside risk	1.95	0.32	+1.63
Omega ratio: Gain probability vs. loss probability	1.23	1.04	+0.19
Calmar ratio: Return relative to maximum drawdown	2.28	0.04	+2.23
Martin ratio: Return relative to average drawdown	5.48	0.09	+5.39

FCLD vs. WCLD - Sharpe Ratio Comparison

The current FCLD Sharpe Ratio is 1.38, which is higher than the WCLD Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of FCLD and WCLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCLD vs. WCLD - Drawdown Comparison

The maximum FCLD drawdown since its inception was -50.85%, smaller than the maximum WCLD drawdown of -64.90%. Use the drawdown chart below to compare losses from any high point for FCLD and WCLD.

Drawdown Indicators

	FCLD	WCLD	Difference
Max Drawdown Largest peak-to-trough decline	-50.85%	-64.90%	+14.05%
Max Drawdown (1Y) Largest decline over 1 year	-17.48%	-34.68%	+17.20%
Max Drawdown (3Y) Largest decline over 3 years	-34.80%	-42.06%	+7.26%
Max Drawdown (5Y) Largest decline over 5 years	—	-64.90%	—
Current Drawdown Current decline from peak	-4.65%	-45.68%	+41.03%
Average Drawdown Average peak-to-trough decline	-20.08%	-35.87%	+15.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.31%	15.43%	-8.12%

Volatility

FCLD vs. WCLD - Volatility Comparison

The current volatility for Fidelity Cloud Computing ETF (FCLD) is 6.98%, while WisdomTree Cloud Computing Fund (WCLD) has a volatility of 10.36%. This indicates that FCLD experiences smaller price fluctuations and is considered to be less risky than WCLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCLD	WCLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.98%	10.36%	-3.38%
Volatility (6M) Calculated over the trailing 6-month period	22.27%	31.49%	-9.22%
Volatility (1Y) Calculated over the trailing 1-year period	28.80%	36.94%	-8.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.39%	37.79%	-7.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.39%	37.43%	-7.04%

FCLD vs. WCLD - Expense Ratio Comparison

FCLD has a 0.39% expense ratio, which is lower than WCLD's 0.45% expense ratio.

Dividends

FCLD vs. WCLD - Dividend Comparison

FCLD's dividend yield for the trailing twelve months is around 0.01%, while WCLD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
FCLD Fidelity Cloud Computing ETF	0.01%	0.03%	0.13%	0.17%	0.26%	0.13%
WCLD WisdomTree Cloud Computing Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCLD and WCLD in my portfolio?

FCLD and WCLD have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCLD or WCLD?

WCLD has higher volatility (10.36%) compared to FCLD (6.98%). In terms of maximum drawdown, FCLD dropped -50.85% vs WCLD's -64.90%.

Which ETF is better, FCLD or WCLD?

On 3-year performance, FCLD leads with 24.29% vs 1.24% for WCLD. On fees, FCLD is cheaper at 0.39% per year. On volatility, FCLD has been the lower-risk option at 6.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FCLD or WCLD?

Over the 3-year period, FCLD has performed better with a 24.29% return vs 1.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FCLD or WCLD?

FCLD is cheaper with a 0.39% expense ratio, compared with 0.45% for WCLD.

Which ETF pays a higher dividend yield, FCLD or WCLD?

FCLD has the higher dividend yield at 0.01%, compared with 0.00% for WCLD.

What is the main difference between FCLD and WCLD?

FCLD tracks Fidelity Cloud Computing Index - Benchmark TR Gross, while WCLD tracks BVP Nasdaq Emerging Cloud Index. They also come from different issuers: Fidelity and WisdomTree. Their fees differ too: 0.39% for FCLD and 0.45% for WCLD.

Which has better risk-adjusted returns?

FCLD currently has the higher Sharpe Ratio (1.38 vs 0.04), 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.