PortfoliosLab logo
PortfoliosLab logo
Tools
Portfolios
Screeners
Discussions
SKYU vs. FCLD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

SKYU vs. FCLD

Last updated May 13, 2025

Compare and contrast key facts about ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) and Fidelity Cloud Computing ETF (FCLD).

SKYU and FCLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SKYU is a passively managed fund by ProShares that tracks the performance of the ISE Cloud Computing Index (200%). It was launched on Jan 19, 2021. 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 SKYU 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.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SKYU or FCLD.

Correlation

The correlation between SKYU and FCLD 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.

Performance

SKYU vs. FCLD - Performance Comparison

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

Loading data...

Key characteristics

Sharpe Ratio

SKYU:

0.48

FCLD:

0.42

Sortino Ratio

SKYU:

1.06

FCLD:

0.86

Omega Ratio

SKYU:

1.14

FCLD:

1.11

Calmar Ratio

SKYU:

0.46

FCLD:

0.41

Martin Ratio

SKYU:

1.56

FCLD:

1.32

Ulcer Index

SKYU:

19.63%

FCLD:

10.71%

Daily Std Dev

SKYU:

60.84%

FCLD:

32.27%

Max Drawdown

SKYU:

-83.01%

FCLD:

-50.85%

Current Drawdown

SKYU:

-47.19%

FCLD:

-12.06%

Returns By Period

In the year-to-date period, SKYU achieves a -15.73% return, which is significantly lower than FCLD's -1.82% return.

SKYU

YTD

-15.73%

1M

39.24%

6M

-18.31%

1Y

29.06%

5Y*

N/A

10Y*

N/A

FCLD

YTD

-1.82%

1M

20.00%

6M

-2.65%

1Y

13.53%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SKYU vs. FCLD - Expense Ratio Comparison

SKYU has a 0.95% expense ratio, which is higher than FCLD's 0.39% expense ratio.

SKYU
ProShares Ultra Nasdaq Cloud Computing ETF
FCLD
Fidelity Cloud Computing ETF

Risk-Adjusted Performance

SKYU vs. FCLD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SKYU
The Risk-Adjusted Performance Rank of SKYU is 6060
Overall Rank
The Sharpe Ratio Rank of SKYU is 5454
Sharpe Ratio Rank
The Sortino Ratio Rank of SKYU is 6767
Sortino Ratio Rank
The Omega Ratio Rank of SKYU is 6666
Omega Ratio Rank
The Calmar Ratio Rank of SKYU is 5858
Calmar Ratio Rank
The Martin Ratio Rank of SKYU is 5353
Martin Ratio Rank
FCLD
The Risk-Adjusted Performance Rank of FCLD is 5454
Overall Rank
The Sharpe Ratio Rank of FCLD is 5050
Sharpe Ratio Rank
The Sortino Ratio Rank of FCLD is 5858
Sortino Ratio Rank
The Omega Ratio Rank of FCLD is 5757
Omega Ratio Rank
The Calmar Ratio Rank of FCLD is 5555
Calmar Ratio Rank
The Martin Ratio Rank of FCLD is 4949
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SKYU vs. FCLD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) 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.

The current SKYU Sharpe Ratio is 0.48, which is comparable to the FCLD Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of SKYU 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.

Loading data...

Dividends

SKYU vs. FCLD - Dividend Comparison

SKYU has not paid dividends to shareholders, while FCLD's dividend yield for the trailing twelve months is around 0.11%.

TTM2024202320222021
SKYU
ProShares Ultra Nasdaq Cloud Computing ETF		0.00%0.00%0.00%0.00%0.00%
FCLD
Fidelity Cloud Computing ETF		0.11%0.13%0.17%0.26%0.13%

Drawdowns

SKYU vs. FCLD - Drawdown Comparison

The maximum SKYU drawdown since its inception was -83.01%, which is greater than FCLD's maximum drawdown of -50.85%. Use the drawdown chart below to compare losses from any high point for SKYU and FCLD. For additional features, visit the drawdowns tool.

Loading data...

Volatility

SKYU vs. FCLD - Volatility Comparison

ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) has a higher volatility of 16.49% compared to Fidelity Cloud Computing ETF (FCLD) at 8.39%. This indicates that SKYU'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.

Loading data...