WMTI vs. FCLD

Last updated Jul 14, 2026

WMTI (REX WMT Growth & Income ETF) and FCLD (Fidelity Cloud Computing ETF) are both exchange-traded funds - WMTI is a Derivative Income fund actively managed by REX, while FCLD is a Technology Equities fund tracking the Fidelity Cloud Computing Index - Benchmark TR Gross. WMTI is actively managed, while FCLD is passively managed. At a correlation of -0.18, they often move in opposite directions. WMTI charges 0.99%/yr vs 0.39%/yr for FCLD.

Performance

WMTI vs. FCLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX WMT Growth & Income ETF (WMTI) and Fidelity Cloud Computing ETF (FCLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WMTI achieves a -0.96% return, which is significantly lower than FCLD's 31.94% return.

WMTI

• 1D: 0.69%
• 1M: -6.82%
• 6M: -5.95%
• YTD: -0.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FCLD

• 1D: -0.76%
• 1M: 4.41%
• 6M: 26.87%
• YTD: 31.94%
• 1Y: 42.76%
• 3Y*: 24.46%
• 5Y*: —
• 10Y*: —

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

WMTI vs. FCLD - Yearly Performance Comparison

	2026 (YTD)	2025
WMTI REX WMT Growth & Income ETF	-0.96%	9.99%
FCLD Fidelity Cloud Computing ETF	31.94%	-5.35%

Correlation

The correlation between WMTI and FCLD is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 4, 2025	-0.18

Return for Risk

WMTI vs. FCLD — Risk / Return Rank

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

WMTI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FCLD

FCLD Risk / Return Rank: 54
FCLD Sharpe Ratio Rank: 56
FCLD Sortino Ratio Rank: 54
FCLD Omega Ratio Rank: 50
FCLD Calmar Ratio Rank: 62
FCLD Martin Ratio Rank: 46

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.

WMTI vs. FCLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX WMT Growth & Income ETF (WMTI) 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.

	WMTI	FCLD	Difference
Sharpe ratio: Return per unit of total volatility	—	1.51	—
Sortino ratio: Return per unit of downside risk	—	2.09	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.46	—
Martin ratio: Return relative to average drawdown	—	6.00	—

Drawdowns

WMTI vs. FCLD - Drawdown Comparison

The maximum WMTI drawdown since its inception was -20.60%, smaller than the maximum FCLD drawdown of -50.85%. Use the drawdown chart below to compare losses from any high point for WMTI and FCLD.

Drawdown Indicators

	WMTI	FCLD	Difference
Max Drawdown Largest peak-to-trough decline	-20.60%	-50.85%	+30.25%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.48%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-34.80%	—
Current Drawdown Current decline from peak	-16.37%	-5.87%	-10.50%
Average Drawdown Average peak-to-trough decline	-5.33%	-20.22%	+14.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.14%	—

Volatility

Volatility by Period

	WMTI	FCLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.39%	—
Volatility (6M) Calculated over the trailing 6-month period	—	22.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.90%	28.44%	-0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.90%	30.47%	-2.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.90%	30.47%	-2.57%

WMTI vs. FCLD - Expense Ratio Comparison

WMTI has a 0.99% expense ratio, which is higher than FCLD's 0.39% expense ratio.

Dividends

WMTI vs. FCLD - Dividend Comparison

WMTI's dividend yield for the trailing twelve months is around 26.01%, more than FCLD's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021
FCLD Fidelity Cloud Computing ETF	0.01%	0.03%	0.13%	0.17%	0.26%	0.13%
WMTI REX WMT Growth & Income ETF	26.01%	3.36%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WMTI and FCLD in my portfolio?

WMTI and FCLD have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WMTI or FCLD?

On fees, FCLD is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WMTI or FCLD?

FCLD is cheaper with a 0.39% expense ratio, compared with 0.99% for WMTI.

Which ETF pays a higher dividend yield, WMTI or FCLD?

WMTI has the higher dividend yield at 26.01%, compared with 0.01% for FCLD.

What is the main difference between WMTI and FCLD?

WMTI is categorized as Derivative Income, while FCLD is Technology Equities. They also come from different issuers: REX and Fidelity. Their fees differ too: 0.99% for WMTI and 0.39% for FCLD.