FUTY vs. FCLD
FUTY (Fidelity MSCI Utilities Index ETF) and FCLD (Fidelity Cloud Computing ETF) are both exchange-traded funds - FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index, while FCLD is a Technology Equities fund tracking the Fidelity Cloud Computing Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, FUTY returned 13.47%/yr vs 24.29%/yr for FCLD. Their 0.17 correlation means their historical movements had little consistent relationship. FUTY charges 0.08%/yr vs 0.39%/yr for FCLD.
Performance
FUTY vs. FCLD - Performance Comparison
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Returns By Period
In the year-to-date period, FUTY achieves a 4.79% return, which is significantly lower than FCLD's 33.66% return.
FUTY
- 1D
- -0.70%
- 1M
- -3.20%
- 6M
- 3.20%
- YTD
- 4.79%
- 1Y
- 6.08%
- 3Y*
- 13.47%
- 5Y*
- 9.14%
- 10Y*
- 8.77%
- ALL TIME*
- 10.02%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $599.13K | $567.95K | $795.73K | |
| $18.62M | $18.35M | $18.70M |
FUTY vs. FCLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FUTY Fidelity MSCI Utilities Index ETF | 4.79% | 16.40% | 23.20% | -7.46% | 1.12% | 10.13% |
FCLD Fidelity Cloud Computing ETF | 33.66% | 8.19% | 21.80% | 53.05% | -41.32% | -1.59% |
Correlation
The correlation between FUTY and FCLD is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021 | 0.17 |
The correlation between FUTY and FCLD shifts across timeframes, from -0.11 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FUTY vs. FCLD — Risk / Return Rank
FUTY
FCLD
FUTY vs. FCLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) and Fidelity Cloud Computing ETF (FCLD). 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.
| FUTY | FCLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.23 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 2.28 | -1.58 |
| Martin ratioReturn relative to average drawdown | 1.42 | 5.48 | -4.06 |
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Drawdowns
FUTY vs. FCLD - Drawdown Comparison
The maximum FUTY drawdown since its inception was -36.44%, smaller than the maximum FCLD drawdown of -50.85%. Use the drawdown chart below to compare losses from any high point for FUTY and FCLD.
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Drawdown Indicators
| FUTY | FCLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.44% | -50.85% | +14.41% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -17.48% | +8.55% |
Max Drawdown (3Y)Largest decline over 3 years | -12.96% | -34.80% | +21.84% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.44% | — | — |
Current DrawdownCurrent decline from peak | -5.82% | -4.65% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -6.00% | -20.08% | +14.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.33% | 7.31% | -2.98% |
Volatility
FUTY vs. FCLD - Volatility Comparison
The current volatility for Fidelity MSCI Utilities Index ETF (FUTY) is 4.48%, while Fidelity Cloud Computing ETF (FCLD) has a volatility of 6.98%. This indicates that FUTY experiences smaller price fluctuations and is considered to be less risky than FCLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUTY | FCLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 6.98% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 11.84% | 22.27% | -10.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.73% | 28.80% | -14.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.09% | 30.39% | -13.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.09% | 30.39% | -11.30% |
FUTY vs. FCLD - Expense Ratio Comparison
FUTY has a 0.08% expense ratio, which is lower than FCLD's 0.39% expense ratio.
Dividends
FUTY vs. FCLD - Dividend Comparison
FUTY's dividend yield for the trailing twelve months is around 2.65%, more than FCLD's 0.01% 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% |
FUTY Fidelity MSCI Utilities Index ETF | 2.65% | 2.67% | 2.96% | 3.31% | 2.72% | 2.70% | 3.07% | 2.82% | 3.11% | 3.03% | 3.35% | 4.33% |
Frequently Asked Questions
FUTY and FCLD have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCLD has higher volatility (6.98%) compared to FUTY (4.48%). In terms of maximum drawdown, FUTY dropped -36.44% vs FCLD's -50.85%.
On 3-year performance, FCLD leads with 24.29% vs 13.47% for FUTY. On fees, FUTY is cheaper at 0.08% per year. On volatility, FUTY has been the lower-risk option at 4.48%. 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 24.29% return vs 13.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FUTY is cheaper with a 0.08% expense ratio, compared with 0.39% for FCLD.
FUTY has the higher dividend yield at 2.65%, compared with 0.01% for FCLD.
FUTY is categorized as Utilities Equities, while FCLD is Technology Equities. FUTY tracks MSCI USA IMI Utilities Index, while FCLD tracks Fidelity Cloud Computing Index - Benchmark TR Gross. Their fees differ too: 0.08% for FUTY and 0.39% for FCLD.
FCLD currently has the higher Sharpe Ratio (1.38 vs 0.42), 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.
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