Correlation
The correlation between FCLD and XLK is 0.81, 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.
FCLD vs. XLK
Compare and contrast key facts about Fidelity Cloud Computing ETF (FCLD) and Technology Select Sector SPDR Fund (XLK).
FCLD and XLK 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. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998. Both FCLD and XLK 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 XLK.
Performance
FCLD vs. XLK - Performance Comparison
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Key characteristics
FCLD:
0.59
XLK:
0.36
FCLD:
0.80
XLK:
0.56
FCLD:
1.11
XLK:
1.08
FCLD:
0.37
XLK:
0.30
FCLD:
1.21
XLK:
0.92
FCLD:
10.66%
XLK:
8.22%
FCLD:
32.18%
XLK:
30.50%
FCLD:
-50.85%
XLK:
-82.05%
FCLD:
-11.66%
XLK:
-4.49%
Returns By Period
In the year-to-date period, FCLD achieves a -1.36% return, which is significantly lower than XLK's -0.52% return.
FCLD
-1.36%
8.79%
-7.12%
18.71%
17.37%
N/A
N/A
XLK
-0.52%
9.97%
-0.87%
10.81%
19.02%
19.70%
19.65%
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FCLD vs. XLK - Expense Ratio Comparison
FCLD has a 0.39% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
FCLD vs. XLK — Risk-Adjusted Performance Rank
FCLD
XLK
FCLD vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Cloud Computing ETF (FCLD) and Technology Select Sector SPDR Fund (XLK). 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.
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Dividends
FCLD vs. XLK - Dividend Comparison
FCLD's dividend yield for the trailing twelve months is around 0.11%, less than XLK's 0.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCLD Fidelity Cloud Computing ETF | 0.11% | 0.13% | 0.17% | 0.26% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.68% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
FCLD vs. XLK - Drawdown Comparison
The maximum FCLD drawdown since its inception was -50.85%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for FCLD and XLK.
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Volatility
FCLD vs. XLK - Volatility Comparison
The current volatility for Fidelity Cloud Computing ETF (FCLD) is 6.00%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 6.47%. This indicates that FCLD experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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