Do FCLD and XSW hold the same stocks?

By their latest filings, 19% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, FCLD or XSW?

FCLD has 51% of its weight in S&P 500 names and XSW has 21%, so XSW differs more from the index.

Which is cheaper, FCLD or XSW?

FCLD charges 0.39% a year and XSW charges 0.35%, so XSW is cheaper. Fees come from each fund's prospectus.

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FCLD vs XSW: which is really different?

FCLD and XSW hold 19% of their weight in the same names, and FCLD returned +53.2% over the year. Fidelity Cloud Computing ETF and State Street(R) SPDR(R) S&P(R) Software & Services ETF.

51.1%

FCLD in the S&P 500

20.8%

XSW in the S&P 500

+53.2%

FCLD total return, 1 year

−1.6%

XSW total return, 1 year

FCLD · 1 year to Sep 30, 202649% of its weight is outside the S&P 500

51% of FCLD's weight is in S&P 500 companies and 49% is outside the index

XSW · 1 year to Sep 30, 202679% of its weight is outside the S&P 500

21% of XSW's weight is in S&P 500 companies and 79% is outside the index

ETFIQ Off-Index Score · XSW scores higherHow much of it is not the index it is sold as an alternative to?

FCLD 25.3

XSW 34.7

0.1, the lowest in this set92.0, the highest

A percentile among the 375 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, FCLD and XSW hold 19% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 30, 2026.

50%

half

19% in common

Positions both hold, largest shared weight first

Holding FCLD XSW

DYNATRACE INC 1.83% 0.87%

COMMVAULT SYSTEMS INC 1.52% 0.87%

ELASTIC NV 1.20% 0.81%

MICROSOFT CORP 4.15% 0.80%

DOCUSIGN INC 1.44% 0.80%

FIVE9 INC 0.79% 0.85%

SERVICENOW INC 3.61% 0.78%

LIVERAMP HOLDINGS INC 0.98% 0.76%

PEGASYSTEMS INC 0.92% 0.72%

ZOOM COMMUNICATIONS INC 1.98% 0.72%

SALESFORCE INC 3.96% 0.72%

INTAPP INC 0.83% 0.71%

Only in FCLD

SANDISK CORP/DE 6.16%

WESTERN DIGITAL CORP 5.29%

SEAGATE TECHNOLOGY HOLDINGS PLC 4.97%

APPLOVIN CORP 4.33%

EQUINIX INC 3.90%

DATADOG INC 3.88%

SNOWFLAKE INC 3.85%

DIGITAL REALTY TRUST INC 3.10%

Only in XSW

RUBRIK INC A 0.98%

CROWDSTRIKE HOLDINGS INC A 0.97%

SENTINELONE INC CLASS A 0.93%

DATADOG INC CLASS A 0.93%

NETSKOPE INC CL A 0.92%

ZSCALER INC 0.92%

PALO ALTO NETWORKS INC 0.90%

VIA TRANSPORTATION INC CL A 0.89%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

19% of the two portfolios are the same securities at the same weight.

Performance, window by window

	Total return		vs the S&P 500		vs the Nasdaq-100
Window	FCLD	XSW	FCLD	XSW	FCLD	XSW
3 months	+14.5%	+10.1%	+12.0 pts	+7.5 pts	+12.4 pts	+7.9 pts
6 months	+62.1%	+36.3%	+45.1 pts	+19.3 pts	+35.2 pts	+9.4 pts
1 year	+53.2%	−1.6%	+37.5 pts	−17.3 pts	+29.4 pts	−25.4 pts
3 years	+136.3%	+53.6%	+51.3 pts	−31.4 pts	+26.3 pts	−56.4 pts
Since launch FCLD Oct 2021 · XSW Sep 2011	+75.9%	+766.5%	−10.0 pts	+12.4 pts	−34.0 pts	−696.5 pts

FCLD and XSW over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

FCLD

Fidelity Cloud Computing ETF · Holds 50 stocks in cloud and software, 51% of its weight in S&P 500 companies

XSW

State Street(R) SPDR(R) S&P(R) Software & Services ETF · Holds 133 stocks in cloud and software, 21% of its weight in S&P 500 companies

Issuer Fidelity State Street

Theme Cloud and software Cloud and software

In the S&P 500 51.1% 20.8%

Active share vs the S&P 500 91.6% 95.5%

In the Nasdaq-100 32.9% 14.0%

Holdings 50 133

Top ten, share of the fund 44.1% 9.2%

Expense ratio 0.39% 0.35%

Fee for the differing part 0.43% 0.37%

Total return, 1 year +53.2% −1.6%

vs the S&P 500 +37.5 pts −17.3 pts

vs the Nasdaq-100 +29.4 pts −25.4 pts

Below its high −1.5% −7.5%

Net assets $145m $473m

FCLD and XSW on the same fields, as of Sep 30, 2026. Source: ETFIQ.

FCLD in plain words

By weight, 51% of FCLD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 92%. The top ten holdings are 44% of the fund across 50 positions, as filed for Jun 30, 2026. Over the year to Sep 30, 2026 the fund returned +53.2% with distributions reinvested against +15.7% for the S&P 500, so a holder was ahead by 37.5 pts.

XSW in plain words

By weight, 21% of XSW's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 9% of the fund across 133 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned −1.6% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 17.3 pts. It sits 7.5% below its all-time high of Aug 27, 2026.

Questions people ask

Do FCLD and XSW hold the same stocks?: By their latest filings, 19% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, FCLD or XSW?: FCLD has 51% of its weight in S&P 500 names and XSW has 21%, so XSW differs more from the index.
Which is cheaper, FCLD or XSW?: FCLD charges 0.39% a year and XSW charges 0.35%, so XSW is cheaper. Fees come from each fund's prospectus.

Other comparisons

FCLD vs XIGV FCLD vs CLOU FCLD vs IGV FCLD vs SKYY XSW vs IGV XSW vs CLOD XSW vs WCLD XSW vs XIGV

FCLD on its own →XSW on its own →How every figure is computed →Standards and sources →

Where these figures came from

FCLD filings on SEC EDGAR ↗FCLD prospectus with the expense ratio (SEC) ↗Fidelity website ↗XSW filings on SEC EDGAR ↗XSW prospectus with the expense ratio (SEC) ↗State Street website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, FCLD against XSW, data as of Sep 30, 2026. https://etfiq.com/compare/themes/fcld-vs-xsw

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.