Fidelity Cloud Computing ETF (FCLD) is a AI and software ETF. As of October 9, 2026, ETF Copilot scores FCLD 5.8 out of 10 — highest on Growth (8.6), lowest on Risk (0.8). It trades at 28.2 times earnings, against its own median of 35.2. Its ten largest holdings are 39% of the fund.
What stands out in FCLD's data
Global cloud computing stocks, built around scalable tech profit.
Earns more on its capital than most peers — a sign of real pricing power in a competitive space.
Return on invested capital of 34.2% sits ahead of the category median of 23.7%, and well above its own historical median of 14.8%. It also returned 34% annualized over three years.
A satellite sleeve for portfolios seeking direct exposure to scalable cloud infrastructure.
Why did FCLD move this week? It rose 1.9% in the week to October 9, 2026 — Snowflake and Atlassian drove it
FCLD rose 1.9% in the week to October 9, 2026. The holdings that moved it most were Snowflake (+8.2%), Atlassian (+10.1%) and Datadog (+5.8%); Sandisk (−8.0%) pushed the other way.
How is FCLD rated? ETF Copilot scores Fidelity Cloud Computing ETF (FCLD) 5.8 out of 10
As of October 9, 2026, ETF Copilot scores Fidelity Cloud Computing ETF (FCLD) 5.8 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 5.8 / 10
- Growth: 8.6 / 10
- Value: 6.2 / 10
- Risk: 0.8 / 10
- Quality: 2.2 / 10
- Return: 8.5 / 10
Is FCLD expensive right now? It trades at 28.2 times earnings, against its own median of 35.2
As of October 9, 2026, FCLD is cheaper than 89% of its own 35 monthly readings since 2022 — 4 of those months were cheaper than today.
Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.
What's inside FCLD? 80% Tech
What's inside FCLD: Size (Large 65%, Mid 28%, Small 7%); Geography (International 14%, US 86%); Tech 79.8%; Magnificent 7 6.3%; AI 14.8%; Memory 5.7%.
What are FCLD's top holdings? The ten largest are 39% of the fund
Sandisk, Microsoft, Dell Technologies, Seagate Techn, ServiceNow, Datadog, Salesforce, Snowflake, Western Digital and Everpure are FCLD's largest holdings, in that order.
Less concentrated than 70% of Software/AI ETFs.
Half of FCLD's weight sits in its 14 largest positions, and once those weights are taken into account it behaves like 38 equally weighted holdings.
What is FCLD's expense ratio? 0.39% a year
As of October 9, 2026, FCLD charges 0.39% a year and holds $153M in assets across 52 positions.
| Measure | FCLD |
|---|---|
| Expense ratio | 0.39% |
| Assets under management | $153M |
| Holdings | 52 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Fidelity Cloud Computing ETF (FCLD) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/fcld
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