FCLD vs SPY
Fidelity Cloud Computing ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. FCLD delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FCLD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.09% | |
| AUM | $115M | $821.1B | |
| Dividend Yield | 0.01% | 1.01% | |
| Holdings | 63 | 505 | |
| YTD Return | +51.58% | +14.24% | |
| 1Y Return | +68.31% | +21.71% | |
| 3Y Return (annualized) | +32.47% | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 27.1% | 15.3% | |
| Max Drawdown | -50.9% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 5, 2021 | Jan 22, 1993 |
FCLD vs SPY Performance
Fidelity Cloud Computing ETF (FCLD) is a ETF from Fidelity Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FCLD returned +68.31% while SPY returned +21.71%. Year to date, FCLD is up 51.58% versus a gain of 14.24% for SPY.
Over three years, FCLD compounded at +32.47% per year against +22.10% for SPY. Across the full 5-year window we track, FCLD has the edge at +12.26% annualized vs +8.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FCLD has been the more volatile fund, with annualized monthly volatility of 27.1% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -50.9% for FCLD and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FCLD charges 0.39% per year while SPY charges 0.09%. On a $10,000 position that is $39 vs $9 annually, a gap of $30 per year that compounds over a long holding period. On income, FCLD currently yields 0.01% against 1.01% for SPY.
Holdings Overlap
FCLD and SPY share 14 holdings out of 541 unique holdings combined, representing a 8.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FCLD or SPY?
FCLD has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, FCLD or SPY?
Over the past year FCLD returned +68.31% vs +21.71% for SPY, so FCLD leads on 1-year performance. Over the longest common window we track (5 years), FCLD annualized +12.26% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, FCLD or SPY?
FCLD has been the more volatile fund at 27.1% annualized versus 15.3% for SPY. Worst drawdown: FCLD -50.9% vs SPY -56.5%.
Should I hold both FCLD and SPY?
FCLD and SPY have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FCLD and SPY?
FCLD and SPY share 14 common holdings with a 8.1% weight overlap. Combined, they hold 541 unique securities.
Which pays a higher dividend, FCLD or SPY?
FCLD yields 0.01% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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