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ETFs

Fidelity Cloud Computing ETF

FCLD
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Oct 5, 2021
Expense Ratio
0.39%
Type
Global Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$188,196
AUM
$40,622,445
Associated Index
Fidelity Cloud Computing Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

MSFT
Microsoft Corporation
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Intuit Inc
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ORCL
Oracle Corp.
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NOW
ServiceNow Inc
4.12%
EQIX
Equinix Inc
3.44%
WDAY
Workday Inc - Ordinary Shares - Class A
3.1%
SNOW
Snowflake Inc - Ordinary Shares - Class A
3.04%
VMW
Vmware Inc. - Ordinary Shares - Class A
2.91%
SPLK
Splunk Inc
2.82%
Invest with FCLD
Trade FCLD Options

What is FCLD?

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Cloud Computing Index. Normally investing at least 80% of assets in securities included in the Fidelity Cloud Computing Index and in depositary receipts representing securities included in the index. The Fidelity Cloud Computing Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum that provide products or services enabling the increased adoption of cloud computing, characterized by the delivery of computing services over the internet.

1M
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6M
YTD
1Y
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Max
www.composer.trade

FCLD
Performance Measures**

for the time period Oct 7, 2021 to Dec 4, 2025

Returns

1M Trailing Return: -2.8%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 4.9%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -50.8%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 30.4%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.27

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.07

The annualized return divided by the max drawdown for the selected time period.

ETFs related toFCLD

ETFs correlated to FCLD include SKYY, THNQ, WCLD

FCLD
Fidelity Covington Trust - Fidelity Cloud Computing ETF
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
WCLD
WisdomTree Trust - WisdomTree Cloud Computing Fund
CLOU
Global X Funds - Global X Cloud Computing ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
IGV
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector ETF
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

FCLD is a Global Equities ETF. The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Cloud Computing Index. Normally investing at least 80% of assets in securities included in the Fidelity Cloud Computing Index and in depositary receipts representing securities included in the index. The Fidelity Cloud Computing Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum that provide products or services enabling the increased adoption of cloud computing, characterized by the delivery of computing services over the internet.

FCLD tracks the Fidelity Cloud Computing Index.

No, FCLD is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FCLD is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FCLD is -0.0058%. This is the percent change in the value of FCLD over the most recent 1-month period. The 3-month return on FCLD is 0.0112%. This is the percent change in the value of FCLD over the most recent 3-month period.

The standard deviation of FCLD for the past year is 0.295%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FCLD include IXJ, SMH, and URA.

ETFs correlated to FCLD include SKYY, THNQ, and WCLD.

ETFs that are inversely correlated to FCLD include WEBS, SARK, and HIBS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.