CPAI vs. FCLD ETF Comparison
Comparison of Counterpoint Quantitative Equity ETF (CPAI) to Fidelity Cloud Computing ETF (FCLD)
CPAI
Counterpoint Quantitative Equity ETF
CPAI Description
CPAI employs a quantitative, model-driven strategy that integrates quantitative analysis and machine learning insights to navigate diverse market conditions. The portfolio consists of at least 50 US-listed companies of any capitalization or ADRs. The selection process relies on advanced quantitative models leveraging machine learning technology, considering over 30 variables related to value, long-term reversal, momentum, profitability, investor sentiment, and stock price stability. Additionally, the Adviser backtests variable combinations considered to be supported by economic reasoning or investor behavioral biases. The models continually learn and adapt relationships between input variables and realized historic returns, updating during quarterly portfolio rebalances. Moreover, rebalancing ensures the portfolio aligns with the models' rankings, with adjustments made to limit sector exposure to 35% or less.
Grade (RS Rating)
Last Trade
$31.87
Average Daily Volume
5,958
10
FCLD
Fidelity Cloud Computing ETF
FCLD Description
The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Cloud Computing Index. Normally investing at least 80% of assets in securities included in the Fidelity Cloud Computing Index and in depositary receipts representing securities included in the index. The Fidelity Cloud Computing Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum that provide products or services enabling the increased adoption of cloud computing, characterized by the delivery of computing services over the internetGrade (RS Rating)
Last Trade
$23.72
Average Daily Volume
18,304
47
Performance
| Period | CPAI | FCLD |
|---|---|---|
| 30 Days | 1.02% | 1.65% |
| 60 Days | 1.15% | 0.57% |
| 90 Days | 1.96% | 0.87% |
| 12 Months | 21.96% |
1 Overlapping Holdings
| Symbol | Grade | Weight in CPAI | Weight in FCLD | Overlap | |
|---|---|---|---|---|---|
| CVLT | B | 2.53% | 1.77% | 1.77% |
CPAI Underweight 46 Positions Relative to FCLD
| Symbol | Grade | Weight | |
|---|---|---|---|
| ORCL | B | -6.12% | |
| NOW | B | -5.29% | |
| INTU | C | -4.9% | |
| CRM | D | -4.76% | |
| MSFT | C | -4.47% | |
| EQIX | B | -3.8% | |
| WDAY | D | -3.35% | |
| DLR | A | -3.16% | |
| MDB | D | -2.6% | |
| DDOG | D | -2.56% | |
| TEAM | D | -2.45% | |
| SNOW | F | -2.38% | |
| NTAP | D | -2.24% | |
| STX | D | -2.22% | |
| ZM | C | -2.16% | |
| NTNX | C | -2.14% | |
| FFIV | A | -2.12% | |
| XRX | F | -2.11% | |
| HPE | F | -2.04% | |
| HUBS | D | -2.03% | |
| DT | C | -1.94% | |
| WDC | D | -1.92% | |
| DAY | C | -1.88% | |
| TWLO | D | -1.81% | |
| MSTR | D | -1.81% | |
| PSTG | D | -1.62% | |
| DBX | D | -1.58% | |
| GTLB | D | -1.54% | |
| BOX | A | -1.53% | |
| SMCI | F | -1.51% | |
| PATH | D | -1.37% | |
| PEGA | C | -1.24% | |
| ESTC | F | -1.14% | |
| CFLT | F | -1.06% | |
| DOCN | B | -1.06% | |
| TDC | F | -1.01% | |
| FROG | F | -0.95% | |
| VERX | D | -0.95% | |
| RNG | D | -0.93% | |
| PDFS | D | -0.87% | |
| AI | F | -0.86% | |
| FIVN | F | -0.77% | |
| VRNT | F | -0.75% | |
| INFA | D | -0.74% | |
| SWI | B | -0.72% | |
| FSLY | D | -0.63% |
CPAI: Top Represented Industries & Keywords
FCLD: Top Represented Industries & Keywords
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