FCLD ETF: What Is It? A Complete Guide to Returns, Expense Ratio, Holdings, and Alternative ETFs
The Fidelity Cloud Computing ETF, which trades under the ticker FCLD, invests in the long-term growth of the cloud software and infrastructure industry. The key to choosing it is comparing its holdings, fees, and outlook with competing cloud ETFs such as SKYY and WCLD.
SubscribeWhat Is the Fidelity Cloud Computing ETF?
This is a thematic ETF that tracks the Fidelity Cloud Computing Index. It holds a broad range of global companies that provide cloud services or support the expanding adoption of the cloud, regardless of market capitalization.
It suits investors who want concentrated exposure to the long-term growth of the cloud software and infrastructure industry and can tolerate the volatility that comes with a concentrated theme.
It is a passively managed (index-tracking) ETF run by Fidelity.
How Does the Fidelity Cloud Computing ETF Invest?
| Item | Details |
|---|---|
| Tracked index | Fidelity Cloud Computing Index |
| Management style | Passive (index tracking) |
| Rebalancing frequency | Periodic reconstitution |
| Dividend frequency | Quarterly |
| Manager | Fidelity |
| Total expense ratio | 0.39% |
The fund invests most of its assets in the stocks and depositary receipts of cloud-related companies included in the index, tracking the index's performance. It holds companies across the entire cloud value chain, including software, data centers, and storage. Because it is a non-diversified fund, its top holdings carry relatively large weights.
- Concentrated thematic exposure across the entire cloud value chain
- Global holdings spanning all market capitalization ranges
Fidelity Cloud Computing ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $149.5M, and the total expense ratio is 0.39% per year.
Compared with SKYY, WCLD, and CLOU, which share the same cloud theme, there are differences in how holdings are selected and in fee levels, so a side-by-side review is worthwhile.
Fidelity Cloud Computing ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangePerformance depends on the demand trends for cloud software and infrastructure. As a growth-stock theme, it shows a volatile trend that reacts sensitively to interest rates and earnings seasons.
Expanding investment in artificial intelligence and data centers supports interest in the cloud theme as a whole. In periods when risk appetite weakens, however, money can flow out of growth-stock thematic ETFs.
Fidelity Cloud Computing ETF Strengths and Weaknesses
Its main strength is concentrated exposure to the growth of the cloud industry, while theme concentration and growth-stock volatility are its main drawbacks.
💪 Key Strengths
⚠️ Points to Watch
Fidelity Cloud Computing ETF Alternatives and Related Products
Direct substitutes within the same cloud theme include SKYY, which focuses on cloud infrastructure, WCLD, which concentrates on pure cloud software, and CLOU, so you can compare their holdings approaches and fees. To broaden the theme to software as a whole, you could also consider IGV, and to expand to the entire technology sector, XLK.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 PPH | VanEck Pharmaceutical ETF | $115.58 | -0.7% | $1.1B | 0.36% | 1.85% | +25.5% |
 TRFK | Pacer Data and Digital Revolution ETF | $90.28 | +2.1% | $1.1B | 0.49% | 0.03% | +28.9% |
 NXTG | First Trust Indxx NextG ETF | $150.88 | +0.9% | $544.8M | 0.70% | 1.31% | +39.3% |
 CLOU | Global X Cloud Computing ETF | $29.64 | +1.9% | $411.1M | 0.68% | - | +24.5% |
 WQTM | WisdomTree Quantum Computing Fund | $28.60 | +2.3% | $310.9M | 0.45% | - | +1.4% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| SNDK | Sandisk Corp | 0.11% | $1378.22 | +0.9% | $199.2B | 18.9 | - |
| WDC | Western Digital Corp | 0.10% | $378.51 | +3.9% | $141.7B | 15.7 | 0.15% |
| STX | Seagate Technology Holdings Plc | 0.09% | $696.89 | +3.2% | $158.5B | 50.2 | 0.44% |
| EQIX | Equinix Inc | 0.04% | $995.00 | +0.8% | $98.2B | 64.0 | 2.08% |
| CRM | Salesforce Inc | 0.04% | $241.78 | -0.3% | $199.0B | 22.0 | 0.43% |
| MSFT | Microsoft Corp | 0.04% | $532.95 | +0.2% | $3.96T | 29.7 | 0.74% |
| APP | Applovin Corp | 0.04% | $267.90 | -1.7% | $89.7B | 20.6 | - |
Fidelity Cloud Computing ETF Investor Checkpoints
These are the key points to review before investing in FCLD. Because it is a thematic ETF, it is important for long-term investment results to check carefully in advance its holdings concentration, cost burden, and the volatility that comes with growth-stock characteristics.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense ratio | Check the fee level of the thematic ETF | Annual fee applies |
| 📊 Holdings concentration | Weight of top holdings in a non-diversified structure | Skewed toward top holdings |
| 🌐 Theme exposure | Whether it is concentrated in the cloud industry | Theme concentrated |
| 💱 Exchange rate | Impact on returns converted into Korean won | Not currency hedged |
As a thematic ETF concentrated in the cloud industry, it can fall sharply during sector corrections, and as a growth-stock product, it is sensitive to interest rate changes. Because of its non-diversified structure, you should also check the risks of individual holdings.
It is a thematic ETF suited to investors who want concentrated exposure to the long-term growth of the cloud industry. If you want more infrastructure weighting, compare it with SKYY, and if you want pure software exposure, compare it with WCLD before choosing.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of July 2, 2026.
Today's 5 AI picks, all free