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
84.4 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) | $84 |
| 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
| ORACLE CORP | 5.2 % |
| SERVICENOW INC | 4.9 % |
| SALESFORCE.COM INC | 4.8 % |
| INTUIT INC | 4.7 % |
| MICROSOFT CORP | 4.4 % |
| EQUINIX INC | 3.3 % |
| WORKDAY INC-CLASS A | 3.0 % |
| DIGITAL REALTY TRUST INC | 2.8 % |
| DATADOG INC CLASS A | 2.7 % |
| SNOWFLAKE, INC. CLASS A | 2.7 % |
Constituent Breakdown
| Number of holdings | 61 |
| Herfindahl-Hirschman Index | 264 |
| Wgt avg mkt cap (mns) | $216,279 |
| Large cap (>$10bn) | 79.4% |
| Mid cap ($2-10bn) | 18.1% |
| Small cap (<$2bn) | 2.5% |
| Developed mkts. | 99.2% |
| Emerging mkts. | 0.8% |
Country Exposure
 |
UNITED STATES | 88.1 % |
 |
AUSTRALIA | 2.6 % |
 |
IRELAND | 2.3 % |
 |
ISRAEL | 1.9 % |
 |
NEW ZEALAND | 1.9 % |
 |
CHINA | 0.8 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 29.3% | 37.6% | 38.5% | 4.9% | -- | -- | 3.0% | Volatility | 21.8% | 21.4% | 25.0% | 30.0% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.14 | 59% |
| MSCI EAFE | 0.80 | 29% |
| MSCI Emg Mkts | 0.73 | 23% |
Liquidity Measures
| Avg. volume (000) | 28 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.38% |
| ADV of underlying (mns) | $40,058 |
Technical Indicators
| Recent close | $28.14 |
| 30d moving avg. | $29.20 |
| Annualized volatility | 26.0% |
| Relative strength (RSI) | 56 |
| Short interest (ETF) | 0.0% |
| 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 |
|---|---|---|---|---|
| CLOD | Themes Cloud Computing ETF | 38.8% | -4 bp | -0.5% |
| SKYY | First Trust Cloud Computing ETF | 36.7% | +21 bp | -0.4% |
| IGV | iShares Expanded Tech-Software Sector ETF | 34.4% | +2 bp | -0.8% |
| CLOU | Global X Cloud Computing ETF | 30.7% | +29 bp | -1.4% |
| WCLD | WisdomTree Cloud Computing Fund | 27.5% | +6 bp | -1.7% |
| WFH | Direxion Work From Home ETF | 26.2% | +6 bp | +2.7% |
| AIVC | Amplify Bloomberg AI Value Chain ETF | 24.7% | +20 bp | +1.6% |
| XDAT | Franklin Exponential Data ETF | 24.2% | +11 bp | -0.4% |
| TECB | iShares U.S. Tech Breakthrough Multisector ETF | 23.6% | +1 bp | +0.8% |
| IVES | Wedbush ETFMG Global Cloud Technology ETF | 23.6% | +29 bp | +1.3% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 12/18/2024
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
FCLD
3.2%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 375 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. FCLD's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places FCLD in the 41st 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 | 18 |
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. | 57.0 | 39.6 | 96.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .