FCLD
Fidelity Cloud Computing ETF
FCLD tracks a market-cap-weighted index of global companies that provide products and/or services enabling increased usage of cloud computing.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
78.9 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | Fidelity |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 05, 2021 |
| Assets (mns) | $79 |
| Expense ratio | 39 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MICROSOFT CORP | 4.5 % |
| ORACLE CORP | 4.2 % |
| EQUINIX INC | 4.0 % |
| SALESFORCE.COM INC | 4.0 % |
| SERVICENOW INC | 3.9 % |
| WORKDAY INC-CLASS A | 3.5 % |
| SNOWFLAKE, INC. CLASS A | 3.3 % |
| ATLASSIAN CORP. CLASS A | 3.3 % |
| MICROSTRATEGY INC-CL A | 3.0 % |
| DIGITAL REALTY TRUST INC | 2.9 % |
Constituent Breakdown
| Number of holdings | 55 |
| Herfindahl-Hirschman Index | 235 |
| Wgt avg mkt cap (mns) | $216,613 |
| Large cap (>$10bn) | 73.7% |
| Mid cap ($2-10bn) | 20.1% |
| Small cap (<$2bn) | 6.2% |
| Developed mkts. | 96.3% |
| Emerging mkts. | 3.7% |
Country Exposure
 |
UNITED STATES | 78.3 % |
 |
AUSTRALIA | 3.3 % |
 |
CHINA | 2.7 % |
 |
IRELAND | 2.2 % |
 |
TAIWAN | 1.9 % |
 |
ISRAEL | 1.5 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -1.2% | 8.9% | 27.4% | 9.1% | -- | -- | -- | 1.7% |
| Dividend Yield | -12.2% | -14.7% | -10.3% | -4.6% | -- | -- | -- | -4.9% |
| Total Returns | -13.4% | -5.8% | 17.2% | 4.5% | -- | -- | -- | -3.2% | Ann. Volatility | 22.6% | 22.4% | 22.7% | 29.5% | -- | -- | -- | 29.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.20 | 61% |
| MSCI EAFE | 0.77 | 25% |
| MSCI Emg Mkts | 0.69 | 20% |
Liquidity Measures
| Avg. volume (000) | 29 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.38% |
| ADV of underlying (mns) | $26,127 |
Technical Indicators
| Recent close | $24.27 |
| 30d moving avg. | $23.87 |
| Annualized volatility | 26.8% |
| Relative strength (RSI) | 41 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FCLD |
Expenses vs. FCLD |
ALTAR Score™ vs. FCLD |
|---|---|---|---|---|
| SKYY | First Trust Cloud Computing ETF | 37.2% | +21 bp | -0.4% |
| CLOU | Global X Cloud Computing ETF | 33.5% | +29 bp | -1.5% |
| CLOD | Themes Cloud Computing ETF | 32.7% | -4 bp | -0.3% |
| WCLD | WisdomTree Cloud Computing Fund | 32.0% | +6 bp | -2.0% |
| WFH | Direxion Work From Home ETF | 30.7% | +6 bp | +1.0% |
| IGV | iShares Expanded Tech-Software Sector ETF | 27.3% | +2 bp | -0.6% |
| IVES | Wedbush ETFMG Global Cloud Technology ETF | 22.8% | +29 bp | +6.1% |
| AIVC | Amplify Bloomberg AI Value Chain ETF | 22.8% | +20 bp | +5.4% |
| XDAT | Franklin Exponential Data ETF | 22.2% | +11 bp | -1.3% |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 21.2% | +9 bp | -1.8% |
Risk and Returns: FCLD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/24/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FCLD
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
FCLD
3.6%
Cat. Avg
5.0%
ALTAR Score™ Calculation
Category Overview
There are 359 funds in the Global Equity category, with an average ALTAR Score™
of 5.0% and a standard deviation of
3.8%. FCLD's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places FCLD in the 36th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FCLDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| FCLD (39 bp) Percentile rank | 19 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FCLD | 39.0 | 37.7 | 76.7 |
| Peer Avg. | 55.2 | 32.9 | 88.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .