FCLD vs SPY
Fidelity Cloud Computing ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FCLD or SPY?
Mid Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. FCLD led over 1Y and 3Y, SPY over 5Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 40.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FCLD | SPY |
|---|---|---|
| Expense Ratio | 0.39% | 0.09%Best |
| AUM | $147M | $823.2B |
| Dividend Yield | 0.01% | 0.99% |
| Holdings | 100 | 1,515 |
| YTD Return | +48.48%Best | +13.53% |
| 1Y Return | +49.63%Best | +17.47% |
| 3Y Return (annualized) | +31.77%Best | +22.36% |
| 5Y Return (annualized) | +10.55% | +13.21%Best |
| Volatility (annualized) | 26.8% | 15.4%Best |
| Max Drawdown | -50.9% | -24.5%Best |
| $10,000 over 5 years | $16,512 | $18,596Best |
| Top 10 Weight | 40.8% | 38.2%Best |
| Fund Family | Fidelity Investments (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Oct 5, 2021 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Oct 7, 2021 to Oct 14, 2026 (5 years).
FCLD vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5 years both funds cover.
FCLD vs SPY Performance
Fidelity Cloud Computing ETF (FCLD) is an ETF from Fidelity Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FCLD returned +49.63% while SPY returned +17.47%. Year to date, FCLD is up 48.48% versus a gain of 13.53% for SPY.
Over three years, FCLD compounded at +31.77% per year against +22.36% for SPY; over five years the annualized figures are +10.55% and +13.21% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FCLD has been the more volatile fund, with annualized monthly volatility of 26.8% compared with 15.4% 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 -24.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. 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 0.99% for SPY.
Holdings Overlap
50.3% of FCLD's money is in holdings SPY also owns. 11.7% of SPY's money is in holdings FCLD also owns.
The two portfolios partly overlap.
15 positions in common, counted across the 51 positions we hold weights for in FCLD and 504 in SPY, against full books of 100 and 1,515.
What only one of them owns
Our book lists 481 positions for SPY that do not appear in our book for FCLD (87.3% of the fund), and 30 for FCLD that do not appear in SPY (44.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FCLD | Weight in SPY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 4.51% | 5.71% | 1.20% |
| AMZNAmazon.Com Inc | 1.90% | 3.78% | 1.88% |
| SNDKVSandisk Corp. | 4.79% | 0.35% | 4.44% |
| STXSeagate Technolo | 4.48% | 0.27% | 4.21% |
| DELLDell Technologies Inc | 4.43% | 0.24% | 4.19% |
| CRMSalesforce Inc Crm Us Equity | 3.96% | 0.32% | 3.64% |
| NOWServicenow, Inc. | 3.79% | 0.22% | 3.57% |
| DDOGDatadog Inc | 3.87% | 0.12% | 3.75% |
| WDCWestern Digital Corp. | 3.71% | 0.22% | 3.49% |
| EQIXEquinix Inc. Real Estate Investment Trust | 3.40% | 0.15% | 3.25% |
50.3% of FCLD is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $30 a year on a $10,000 investment.
Which performed better, FCLD or SPY?
Over the past year FCLD returned +49.63% vs +17.47% for SPY, so FCLD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FCLD or SPY?
FCLD has been the more volatile fund at 26.8% annualized versus 15.4% for SPY. Worst drawdown: FCLD -50.9% vs SPY -24.5%.
Should I hold both FCLD and SPY?
FCLD and SPY have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FCLD and SPY?
50.3% of FCLD's money is in holdings SPY also owns. 11.7% of SPY's is in holdings FCLD also owns. They hold 15 positions in common, counted across the 51 positions we hold weights for in FCLD and 504 in SPY.
Which pays a higher dividend, FCLD or SPY?
FCLD yields 0.01% while SPY yields 0.99%, so SPY currently pays the higher dividend yield.
Is SPY better than FCLD?
SPY has a lower expense ratio. FCLD led over 1Y and 3Y, SPY over 5Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 40.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.