SKYU vs. FCLD
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.
Key characteristics
| SKYU | FCLD | |
|---|---|---|
| YTD Return | 64.18% | 20.17% |
| 1Y Return | 117.11% | 42.23% |
| 3Y Return (Ann) | -14.74% | -0.61% |
| Sharpe Ratio | 2.54 | 1.88 |
| Sortino Ratio | 2.85 | 2.48 |
| Omega Ratio | 1.38 | 1.33 |
| Calmar Ratio | 1.55 | 1.31 |
| Martin Ratio | 14.04 | 6.76 |
| Ulcer Index | 7.89% | 6.02% |
| Daily Std Dev | 43.71% | 21.62% |
| Max Drawdown | -83.01% | -50.85% |
| Current Drawdown | -37.94% | -1.81% |
Correlation
The correlation between SKYU and FCLD is 0.93, 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
In the year-to-date period, SKYU achieves a 64.18% return, which is significantly higher than FCLD's 20.17% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SKYU vs. FCLD - Expense Ratio Comparison
SKYU has a 0.95% expense ratio, which is higher than FCLD's 0.39% expense ratio.
Risk-Adjusted Performance
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.
Dividends
SKYU vs. FCLD - Dividend Comparison
SKYU's dividend yield for the trailing twelve months is around 0.09%, less than FCLD's 0.14% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
SKYU ProShares Ultra Nasdaq Cloud Computing ETF | 0.09% | 0.00% | 0.00% | 0.00% |
FCLD Fidelity Cloud Computing ETF | 0.14% | 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.
Volatility
SKYU vs. FCLD - Volatility Comparison
ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) has a higher volatility of 12.91% compared to Fidelity Cloud Computing ETF (FCLD) at 5.86%. 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.