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FCLD vs WCLD

Fidelity Cloud Computing ETF

FCLDBCboe

WisdomTree Cloud Computing Fund

WCLDBNasdaq

Overlap

29.6%by weight

Expense ratio

FCLD −0.06pt a year

FCLD0.39%WCLD0.45%

Avg volume · 30D

WCLD 26.2×the volume

FCLD29.2KWCLD764K

5Y return · a year

FCLD +16.1pt

FCLD+9.3%WCLD−6.8%

FCLD vs WCLD Performance

Oct 29, 2021 – Oct 30, 2026

+56.1%FCLD−29.8%WCLD

Oct 29, 2021 to Oct 30, 2026. FCLD +56.1%. WCLD −29.8%. Use the arrow keys to read each point.−50%0%25%75%Oct 2021Apr 2024Oct 2026
Expense ratio
FCLD 0.39%, better
WCLD 0.45%
Fund size
FCLD $147M
WCLD $312M
1Y total return
FCLD +33.2%, better
WCLD +22.8%
Yield (12M)
FCLD 0.01%
WCLD No data
Holdings
FCLD 60
WCLD 65
Avg volume (30D)
FCLD 29.2K sh
WCLD 764K sh, better
NAV per share
FCLD $41.57
WCLD $43.95
52W range

ETF.net Grade

FCLD: Cost 71, Risk 68, Mission not scored, Tradability 31, Holdings 64, Durability 57. WCLD: Cost 56, Risk 27, Mission 84, Tradability 73, Holdings 84, Durability 61.
Pillar letters and Scores for FCLD, WCLD, with each pillar’s weight
PillarFCLDWCLD
Cost30% weightA71HigherB56
Mission25% weightNot scoredA84
Risk15% weightB68HigherD27
Tradability15% weightD31A73Higher
Holdings10% weightB64A84Higher
Durability5% weightB57B61Higher

Rank among Cloud & Software funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FCLD and WCLD are both graded against the same 5 Cloud & Software funds, so their Grades compare head to head.

Cloud & Software⁠

Category · 5 funds
See all 5 ›

FCLD ranks 1st and WCLD 3rd of 5 funds in the Cloud & Software Category.

  1. Rank 1BFCLDFidelity Cloud Computing ETFScore 60
  2. Rank 2BSKYYFirst Trust Cloud Computing ETFScore 58
  3. Rank 3BWCLDWisdomTree Cloud Computing FundScore 57
  4. Rank 4CCLODThemes Cloud Computing ETFScore 40

Our read on each fund

ETF.net Research

FCLDBFidelity Cloud Computing ETF

WCLDBWisdomTree Cloud Computing Fund

In short

FCLD Fidelity 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.

WCLD Cloud software, undiluted: about 70 emerging cloud names, chosen twice a year by venture firm Bessemer and weighted equally, so the smallest holding carries the same load as the biggest.

Stated mandate

FCLD 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.

WCLD The Fund seeks to track, before fees and expenses, the price and yield performance of the BVP Nasdaq Emerging Cloud Index.

Why people hold it

  • FCLD 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.
  • WCLD Equal weight by design. Every name resets to the same slice at each reconstitution, so one runaway winner can't quietly become the whole fund.nasdaqomx.com
  • The screen has teeth: joining takes 15%+ revenue growth in each of the last two years, and staying takes at least 7%. Slow growers get shown the door.nasdaqomx.comnasdaqomx.com 2
  • At 0.45% a year it sits under the cohort median and well under First Trust's SKYY at 0.60%.
  • Actively traded since its 2019 launch, so orders aren't riding on thin, sporadic volume.

Worth knowing

  • FCLD 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.
  • WCLD Pure-play cloud software with no mega-cap ballast. This is among the more volatile funds in its peer group, and sector drawdowns land hard.bvp.com
  • One theme, roughly 70 stocks. When enterprise software is out of favor, there is nowhere inside the portfolio to hide.
  • Cheaper cloud tickers exist (FCLD at 0.39%, CLOD at 0.35%), though they follow different indexes with different holdings. No distributions recently either.

Full FCLD profile⁠

Full WCLD profile⁠

FCLD vs WCLD Holdings

How FCLD and WCLD differ

Overlap by weight

29.6%

Shared holdings make up 44.1% of FCLD and 32.7% of WCLD.

Level by level

  • Holdings22 in both29.6%
  • Sector5 Sectors86.8%
  • Countryby domicile95.3%
  • Asset classEquity100%

Sector

Sector weights in FCLD and WCLD, widest gap first
SectorMore in FCLDMore in WCLD
TechnologyWCLD +8.3 points
Real EstateFCLD +6.2 points
CommunicationFCLD +5.1 points
Health CareWCLD +4.9 points
Consumer DiscretionaryFCLD +1.9 points

Country, concentration and asset class

Country by domicile

Country weights in FCLD and WCLD, widest gap first
CountryMore in FCLDMore in WCLD
United StatesWCLD +2.9 points
TaiwanFCLD +1.9 points
ChinaFCLD +1.6 points
CanadaWCLD +1.6 points
GermanyFCLD +0.8 points
Other countries (2)FCLD +0.2 points

Concentration

Weight in the 10 largest Holdings

  • FCLD38.1%
  • WCLD20.3%

Securities held

  • FCLD53
  • WCLD64

Asset class

FCLD
Equity
WCLD
Equity

Holdings

  • Only in FCLD31
  • In both22
  • Only in WCLD42

Only in FCLD

31 securities, 57.4% of FCLD by weight

  • Microsoft Corp4.74%
  • Dell Technologies Inc Class C3.84%
  • Sandisk Corporation3.80%

Only in WCLD

42 securities, 67.3% of WCLD by weight

  • Netskope Inc-Cl A2.42%
  • Okta Inc2.22%
  • Tenable Holdings Inc2.13%

Weight gaps

All 22 Holdings in both funds, largest gap first.

Holding weights in FCLD and WCLD, widest gap first
HoldingMore in FCLDMore in WCLD
Snowflake IncSNOWFCLD +2.49 points
Salesforce IncCRMFCLD +2.41 points
Datadog Inc Class ADDOGFCLD +2.37 points
Servicenow IncNOWFCLD +2.00 points
Twilio Inc Class ATWLOFCLD +1.14 points
Mongodb Inc Class AMDBFCLD +1.06 points
Workday Inc Class AWDAYFCLD +0.95 points
Atlassian Corp PLC Cls ATEAMFCLD +0.77 points

All 58 FCLD holdings⁠All 69 WCLD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FCLD vs WCLD Cost

Overpaying WCLD vs FCLD

$1,143

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

  • FCLD 0.39%

    $7,898

  • WCLD 0.45%

    $9,041

$10,000
30 years

Cost over time

  • FCLD 0.39%
  • WCLD 0.45%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530WCLD $9,041FCLD $7,898

Year by year

YearFCLDWCLDOverpaying
10$705$812$107
20$2,725$3,128$403
30$7,898$9,041$1,143

Expense ratio

  • 0.39%FCLD, cheaper
  • 0.45%WCLD
  • Middle half of Cloud & Software funds
  • Median 0.45%

FCLD 2nd cheapest of 5 funds

WCLD 3rd cheapest of 5 funds

FCLD vs WCLD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FCLD 0.01%
WCLD No data
Payout (12M)
FCLD $0.004
WCLD None
Last payment
FCLD $0.004
WCLD No data
Ex-dividend
FCLD Dec 19, 2025
WCLD No data
Paid on
FCLD Dec 23, 2025
WCLD No data
Frequency
FCLD Twice a year
WCLD No data

Distribution history

Per share, 2021 to 2026, same scale for both

FCLDTwice a year · 15 paymentsAll FCLD payments⁠
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.$0$0.0320232026YTD
WCLDAll WCLD payments⁠

No distribution history available.

FCLD vs WCLD Risk

Fall from peak · 5 years

  • FCLD
  • WCLD
Oct 29, 2021 to Oct 30, 2026. Worst fall: WCLD −64.9% · Nov 2022. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
FCLD 27.4%, betterWCLD 30.0%
Return per unit of riskSharpe ratio, 3 years
FCLD 0.98, betterWCLD 0.52
Worst fallMax drawdown, 5 years
FCLD −50.9%, betterWCLD −64.9%
Market sensitivityBeta, 5 years
FCLD 1.56WCLD 1.10

FCLD and WCLD in the news

All news⁠

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