Fidelity Cloud Computing ETF (FCLD) Performance
FCLD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +49.2% since Dec 31, 2025
- 1 year
- +46.5% total return
- 5 years
- +10.4% a year
- Since first price
- +11.6% a year since 2021
FCLD trailing returns vs SPY, QQQ, AGG
| Period | FCLD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.4% | −2.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +20.5% | +20.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +47.9% | +47.9% | +7.8% | +8.4% | −1.5% |
| YTD | +49.2% | +49.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +46.5% | +46.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +145.5%+34.9%/yr | +145.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +64.3%+10.4%/yr | +63.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionOct 7, 2021 | +74.3%+11.6%/yr | +72.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FCLD vs SPY
From Oct 7, 2021: FCLD grew to $17,425, SPY to $18,523.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FCLD returns by calendar year
3 of 4 full years positive. Best 2023 (+53.1%), worst 2022 (−41.3%). 2026 is year to date.
FCLD annual returns table
| Year | FCLD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +49.2% | −15.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +8.2% | −34.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +21.8% | −15.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +53.1% | −15.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −41.3% | −45.5% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FCLD largest drawdowns
Now 3.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 9, 2021 | −50.9% | Oct 14, 2022 | Nov 11, 2024 | 11 months | 3.0 years |
| Dec 6, 2024 | −34.8% | Apr 8, 2025 | Oct 24, 2025 | 4 months | 11 months |
| Nov 10, 2025 | −17.5% | Mar 30, 2026 | May 1, 2026 | 5 months | 6 months |
| Jun 1, 2026 | −12.6% | Jun 10, 2026 | Aug 4, 2026 | 9 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FCLD risk statistics
| Statistic | 3 years | Since 2021 |
|---|---|---|
| Annualized return | +33.2% | +11.2% |
| Volatility (annualized) | 27.0% | 27.0% |
| Sharpe ratio | 1.04 | 0.39 |
| Sortino ratio | 2.30 | 0.68 |
| Best month | +25.4% | +25.4% |
| Worst month | −12.4% | −12.6% |
| Best 12 months | +59.0% | +59.0% |
| Worst 12 months | −5.8% | −43.1% |
| Positive months | 61% | 53% |
| Beta vs S&P 500 | 1.67 | — |
| Correlation with S&P 500 | 0.77 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FCLD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 49 | −43.1% | +21.8% | +59.0% | 82% |
| 3-year (a year) | 25 | −2.0% | +20.4% | +34.7% | 96% |
| 5-year (a year) | 1 | +10.8% | +10.8% | +10.8% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
FCLD performance overview
Fidelity Cloud Computing ETF (FCLD) returned +46.5% over the past year and +10.4% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +11.6% a year, turning $10,000 into about $17,425. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −50.9%, from Nov 9, 2021 to Oct 14, 2022, and it took 2.1 years to get back to the old high. FCLD finished 3 of its 4 full calendar years with a gain; the best year was 2023 (+53.1%) and the worst 2022 (−41.3%). Volatility has been 27.0% a year.
Related: FCLD chart, FCLD holdings, FCLD dividends, FCLD valuation. See the FCLD overview for the latest quote and fund facts.
FCLD performance FAQ
What is the FCLD return over the past year?
FCLD returned +46.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 46.4%.
What is the average annual return of FCLD?
FCLD has returned +10.4% a year over 5 years, +11.6% a year since October 7, 2021 (total return, distributions reinvested).
How much would $10,000 invested in FCLD be worth?
$10,000 invested in FCLD at its first recorded close on October 7, 2021 would be worth about $17,425 on October 23, 2026 with distributions reinvested.
What was the worst year for FCLD?
The worst calendar year was 2022, with a total return of −41.3%. The best was 2023 at +53.1%.
What is the biggest drawdown of FCLD?
The largest peak-to-trough decline was −50.9% between November 9, 2021 and October 14, 2022. It recovered to the old high on November 11, 2024, 2.1 years after the bottom.
How volatile is FCLD?
Over the past 3 years FCLD had an annualized volatility of 27.0% and a Sharpe ratio of 1.04 (excess return over 1–3 month T-bills per unit of risk).