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Launched · SEC filings

Fidelity Cloud Computing ETF

FCLDCboeFidelityB

$39.00−0.29 (−0.73%)

As of Nov 10, 2026, 11:20 AM ET

B59/ 100

Rank 1 of 5 in Cloud & Software

B59/100Rank 1 of 5inCloud & Software
Intraday session: down, 23 prints from 39.29 to 39.00. Range 38.79 to 39.34. Use the arrow keys to read each point.38.8038.9039.1039.2010 AM12 PM2 PM4 PM
Expense ratio
0.39%
Fund size
$145M
1Y total return
+27.1%
Yield · Last 12 months
0.01%
Holdings
60
Avg volume · 30D
31.6K sh
52W range
low $26.01high $46.19
Launched
Filings
SEC EDGAR

The ETF.net FCLD Grade

Based on 5 of 6 pillars

B

Score 59 out of 100

Category
Cloud & Software⁠
Rank
1 of 5
Six-pillar profile for FCLD. Scores out of 100: Cost 71, Risk 63, Mission not scored, Tradability 31, Holdings 64, Durability 57. Strongest: Cost (71). Weakest: Tradability (31). Based on 5 of 6 pillars.

Score 59 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A71 out of 100
    Rank 2 of 5

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B63 out of 100
    Rank 1 of 5

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D31 out of 100
    Rank 4 of 5

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B64 out of 100
    Rank 3 of 5

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B57 out of 100
    Rank 4 of 5

Our read on FCLD

ETF.net Research

In short

BFidelity built its own cloud index, then priced the fund under the older names in the category. Roughly 60 global cloud stocks, tracked passively, for 0.39% a year.

Stated mandate

The fund seeks returns corresponding generally to the Fidelity Cloud Computing Index before fees and expenses. It normally invests at least 80% of assets in securities included in that index or related depositary receipts.

Why people hold it

  • 0.39% a year undercuts the cloud cohort's median fee and both of the category's better-known passive rivals, SKYY (0.60%) and WCLD (0.45%).
  • Rules-based, not a stock picker's whim: it tracks the Fidelity Cloud Computing Index and normally keeps at least 80% of assets in that index's names or their depositary receipts.
  • A global mandate and about 60 holdings, so the cloud bet spans more than one market without diluting into a generic tech basket.
  • Sits in the top quartile of the cloud-software funds we track on our overall assessment.

Worth knowing

  • Thinly traded and modest in size, so spreads and order execution deserve more attention here than with the category's heavyweights.
  • Launched in 2021, so the record is short compared with cloud funds that have been through more market cycles.
  • One theme, one asset class: a concentrated equity basket tied to cloud software, which is the whole point and the whole risk.

FCLD Holdings

Holdings pillarB64 out of 100Rank 3 of 5 in Cloud & Software
Asset class
Stocks
Holdings
60
Top-10 weight
37%
Largest holding
MSFT5.5%

Sectors

  • Technology86.2%
  • Real Estate6.7%
  • Communication5.1%
  • Consumer Discretionary2.0%

Geography

  • United States93.33%
  • Taiwan1.98%
  • China1.95%
  • Israel1.31%
  • Germany0.92%
  • France0.51%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1MSFTMicrosoft Corp5.46%13,711$7.28M828
2APPApplovin Corp4.60%15,652$6.12M390
3CRMSalesforce Inc4.25%26,518$5.67M475
4EQIXEquinix Inc3.96%5,215$5.28M368
5SNOWSnowflake Inc3.67%17,722$4.89M331
6NOWServicenow Inc3.40%44,430$4.53M441
7DLRDigital Realty Trust Inc3.17%24,242$4.22M324
8DELLDell Technologies Inc Class C3.05%12,385$4.07M449
9DDOGDatadog Inc Class A2.95%21,957$3.93M436
10STXSeagate Techn Holdings PLC2.87%8,309$3.83M428
11WDCWestern Digital Corp2.78%14,042$3.7M472
12SNDKSandisk Corporation2.75%4,384$3.66M469
13WDAYWorkday Inc Class A2.71%18,703$3.61M404
14PEverpure Inc-A2.60%35,768$3.46M301
15NTAPNetapp Inc2.50%19,728$3.34M415

Showing 1–15 of 60 holdings

FCLD Performance

Launched Oct 5, 2021

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
FCLD$12,709
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. FCLD $12,709. SPY $11,339. Use the arrow keys to read each point.$8,000$10,000$12,000$14,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FCLD. Periods over one year show the average yearly return.
PeriodFCLD
Year to date+32.2%
1 month−14.5%
3 months−6.5%
1 year+27.1%
3 yearsper year+27.3%
5 yearsper year+7.3%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FCLD
YearReturn barFCLD
2026 YTD+32.2%
2025+8.2%
2024+21.8%
2023+53.1%
2022−41.3%
2021−1.3%

History from Oct 7, 2021

FCLD in the news

FCLD Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
0.01%Last 12 months
Payout per share
$0.004Last 12 months
Last payment
$0.004 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2021–2026

One bar per payment. 15 payments from 2021 to 2026 YTD. Dec 17, 2021 $0.03; Mar 18, 2022 $0.009; Jun 17, 2022 $0.02; Sep 16, 2022 $0.004; Dec 16, 2022 $0.008; Mar 17, 2023 $0.01; Jun 16, 2023 $0.02; Sep 15, 2023 $0.005; Dec 15, 2023 $0.005; Mar 15, 2024 $0.005; Jun 21, 2024 $0.02; Sep 20, 2024 $0.007; Dec 20, 2024 $0.003; Jun 20, 2025 $0.004; Dec 19, 2025 $0.004. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 19, 2025Dec 23, 2025$0.004
Jun 20, 2025Jun 24, 2025$0.004
Dec 20, 2024Dec 24, 2024$0.003
Sep 20, 2024Sep 24, 2024$0.007
Jun 21, 2024Jun 25, 2024$0.02
Mar 15, 2024Mar 20, 2024$0.005
Dec 15, 2023Dec 20, 2023$0.005
Sep 15, 2023Sep 20, 2023$0.005
Jun 16, 2023Jun 22, 2023$0.02
Mar 17, 2023Mar 22, 2023$0.01
Dec 16, 2022Dec 21, 2022$0.008
Sep 16, 2022Sep 21, 2022$0.004

See all 15 payments⁠

$10,000 in FCLD 5 years ago paid $56.18 in dividends.⁠

FCLD Risk

Risk pillarB63 out of 100Rank 1 of 5 in Cloud & Software
How much the fund’s monthly returns vary, scaled to a year.
27.4%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.98
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−50.9%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.56
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FCLD Cost

Compare FCLD and CLOD

Overpaying vs CLOD, cheapest in Cloud & Software

$772

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FCLD 0.39%

    $7,898

  • CLOD 0.35% Cheapest

    $7,126

$10,000
30 years

Cost over time

  • FCLD 0.39%
  • CLOD 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530FCLD $7,898CLOD $7,126

Year by year

YearFCLDCLODOverpaying
10$705$634$71
20$2,725$2,454$271
30$7,898$7,126$772

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