SHOC vs. FCLD

Last updated Apr 1, 2026

Compare and contrast key facts about Strive U.S. Semiconductor ETF (SHOC) and Fidelity Cloud Computing ETF (FCLD).

SHOC and FCLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHOC is a passively managed fund by Strive that tracks the performance of the Bloomberg US Listed Semiconductors Select Index - Benchmark TR Gross. It was launched on Oct 5, 2022. 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. Both SHOC and FCLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SHOC vs. FCLD - Performance Comparison

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

SHOC vs. FCLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SHOC Strive U.S. Semiconductor ETF	5.01%	49.91%	16.74%	61.97%	-1.17%
FCLD Fidelity Cloud Computing ETF	-8.71%	8.19%	21.80%	53.05%	-3.32%

Returns By Period

In the year-to-date period, SHOC achieves a 5.01% return, which is significantly higher than FCLD's -8.71% return.

SHOC

• 1D: 5.53%
• 1M: -5.22%
• YTD: 5.01%
• 6M: 15.41%
• 1Y: 81.91%
• 3Y*: 33.41%
• 5Y*: —
• 10Y*: —

FCLD

• 1D: 3.43%
• 1M: -2.59%
• YTD: -8.71%
• 6M: -7.18%
• 1Y: 14.12%
• 3Y*: 16.12%
• 5Y*: —
• 10Y*: —

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

SHOC vs. FCLD - Expense Ratio Comparison

SHOC has a 0.40% expense ratio, which is higher than FCLD's 0.39% expense ratio.

SHOC

Strive U.S. Semiconductor ETF

FCLD

Fidelity Cloud Computing ETF

Return for Risk

SHOC vs. FCLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SHOC

SHOC Risk / Return Rank: 94
SHOC Sharpe Ratio Rank: 93
SHOC Sortino Ratio Rank: 93
SHOC Omega Ratio Rank: 91
SHOC Calmar Ratio Rank: 97
SHOC Martin Ratio Rank: 97

FCLD

FCLD Risk / Return Rank: 29
FCLD Sharpe Ratio Rank: 26
FCLD Sortino Ratio Rank: 31
FCLD Omega Ratio Rank: 29
FCLD Calmar Ratio Rank: 30
FCLD Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SHOC vs. FCLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Semiconductor ETF (SHOC) 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.

	SHOC	FCLD	Difference
Sharpe ratio Return per unit of total volatility	2.17	0.44	+1.73
Sortino ratio Return per unit of downside risk	2.79	0.87	+1.92
Omega ratio Gain probability vs. loss probability	1.39	1.11	+0.28
Calmar ratio Return relative to maximum drawdown	5.24	0.69	+4.56
Martin ratio Return relative to average drawdown	18.45	1.94	+16.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHOC vs. FCLD - Sharpe Ratio Comparison

The current SHOC Sharpe Ratio is 2.17, which is higher than the FCLD Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of SHOC and FCLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SHOC	FCLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	0.44	+1.73
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	0.05	+1.00

Correlation

The correlation between SHOC and FCLD is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SHOC vs. FCLD - Dividend Comparison

SHOC's dividend yield for the trailing twelve months is around 0.23%, more than FCLD's 0.03% yield.

	TTM	2025	2024	2023	2022	2021
SHOC Strive U.S. Semiconductor ETF	0.23%	0.23%	0.35%	0.65%	0.24%	0.00%
FCLD Fidelity Cloud Computing ETF	0.03%	0.03%	0.13%	0.17%	0.26%	0.13%

Drawdowns

SHOC vs. FCLD - Drawdown Comparison

The maximum SHOC drawdown since its inception was -37.54%, smaller than the maximum FCLD drawdown of -50.85%. Use the drawdown chart below to compare losses from any high point for SHOC and FCLD.

Drawdown Indicators

	SHOC	FCLD	Difference
Max Drawdown Largest peak-to-trough decline	-37.54%	-50.85%	+13.31%
Max Drawdown (1Y) Largest decline over 1 year	-15.48%	-18.53%	+3.05%
Current Drawdown Current decline from peak	-9.87%	-14.65%	+4.78%
Average Drawdown Average peak-to-trough decline	-7.77%	-21.14%	+13.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.40%	6.56%	-2.16%

Volatility

SHOC vs. FCLD - Volatility Comparison

Strive U.S. Semiconductor ETF (SHOC) has a higher volatility of 11.97% compared to Fidelity Cloud Computing ETF (FCLD) at 8.46%. This indicates that SHOC's price experiences larger fluctuations and is considered to be riskier than FCLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHOC	FCLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.97%	8.46%	+3.51%
Volatility (6M) Calculated over the trailing 6-month period	24.95%	19.66%	+5.29%
Volatility (1Y) Calculated over the trailing 1-year period	37.95%	32.15%	+5.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.06%	30.24%	+4.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.06%	30.24%	+4.82%