FCLD vs. XT
FCLD (Fidelity Cloud Computing ETF) and XT (iShares Future Exponential Technologies ETF) are both Technology Equities funds - FCLD tracks the Fidelity Cloud Computing Index - Benchmark TR Gross while XT tracks the Morningstar Exponential Technologies Index (Net). Both are passively managed. Over the past 3 years, FCLD returned 25.37%/yr vs 17.57%/yr for XT. Their correlation of 0.84 suggests significant overlap in exposure. FCLD charges 0.39%/yr vs 0.46%/yr for XT.
Performance
FCLD vs. XT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FCLD achieves a 24.92% return, which is significantly higher than XT's 15.24% return.
FCLD
- 1D
- -1.24%
- 1M
- 4.06%
- YTD
- 24.92%
- 6M
- 23.38%
- 1Y
- 32.25%
- 3Y*
- 25.37%
- 5Y*
- —
- 10Y*
- —
XT
- 1D
- -0.42%
- 1M
- -0.76%
- YTD
- 15.24%
- 6M
- 13.65%
- 1Y
- 34.32%
- 3Y*
- 17.57%
- 5Y*
- 7.05%
- 10Y*
- 14.83%
FCLD vs. XT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FCLD Fidelity Cloud Computing ETF | 24.92% | 8.19% | 21.80% | 53.05% | -41.32% | -1.59% |
XT iShares Future Exponential Technologies ETF | 15.24% | 26.28% | 0.29% | 27.02% | -27.83% | 6.71% |
Correlation
The correlation between FCLD and XT is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021 | 0.84 |
The correlation between FCLD and XT shifts across timeframes, from 0.67 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FCLD vs. XT — Risk / Return Rank
FCLD
XT
FCLD vs. XT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Cloud Computing ETF (FCLD) and iShares Future Exponential Technologies ETF (XT). 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 | XT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.35 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 3.30 | -1.45 |
| Martin ratioReturn relative to average drawdown | 4.63 | 13.05 | -8.42 |
Loading charts...
Drawdowns
FCLD vs. XT - Drawdown Comparison
The maximum FCLD drawdown since its inception was -50.85%, which is greater than XT's maximum drawdown of -34.41%. Use the drawdown chart below to compare losses from any high point for FCLD and XT.
Loading charts...
Drawdown Indicators
| FCLD | XT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.85% | -34.41% | -16.44% |
Max Drawdown (1Y)Largest decline over 1 year | -17.48% | -10.45% | -7.03% |
Max Drawdown (3Y)Largest decline over 3 years | -34.80% | -22.09% | -12.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.41% | — |
Current DrawdownCurrent decline from peak | -10.88% | -4.59% | -6.29% |
Average DrawdownAverage peak-to-trough decline | -20.35% | -7.39% | -12.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.98% | 2.64% | +4.34% |
Volatility
FCLD vs. XT - Volatility Comparison
Fidelity Cloud Computing ETF (FCLD) has a higher volatility of 12.65% compared to iShares Future Exponential Technologies ETF (XT) at 8.06%. This indicates that FCLD's price experiences larger fluctuations and is considered to be riskier than XT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FCLD | XT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.65% | 8.06% | +4.59% |
Volatility (6M)Calculated over the trailing 6-month period | 23.03% | 13.76% | +9.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.38% | 17.30% | +11.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.54% | 21.00% | +9.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.54% | 20.12% | +10.42% |
FCLD vs. XT - Expense Ratio Comparison
FCLD has a 0.39% expense ratio, which is lower than XT's 0.46% expense ratio.
Dividends
FCLD vs. XT - Dividend Comparison
FCLD's dividend yield for the trailing twelve months is around 0.01%, less than XT's 7.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCLD Fidelity Cloud Computing ETF | 0.01% | 0.03% | 0.13% | 0.17% | 0.26% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XT iShares Future Exponential Technologies ETF | 7.11% | 7.95% | 0.66% | 0.41% | 0.78% | 0.84% | 0.77% | 1.55% | 1.40% | 0.97% | 1.37% | 1.34% |
Frequently Asked Questions
FCLD and XT have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCLD has higher volatility (12.65%) compared to XT (8.06%). In terms of maximum drawdown, FCLD dropped -50.85% vs XT's -34.41%.
On 3-year performance, FCLD leads with 25.37% vs 17.57% for XT. On fees, FCLD is cheaper at 0.39% per year. On volatility, XT has been the lower-risk option at 8.06%. 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 25.37% return vs 17.57%. 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 0.46% for XT.
XT has the higher dividend yield at 7.11%, compared with 0.01% for FCLD.
FCLD tracks Fidelity Cloud Computing Index - Benchmark TR Gross, while XT tracks Morningstar Exponential Technologies Index (Net). They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.39% for FCLD and 0.46% for XT.
XT currently has the higher Sharpe Ratio (2.01 vs 1.14), 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.
Find the right allocation for FCLD and XT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer