CLDL vs. IYC

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily Cloud Computing Bull 2X Shares (CLDL) and iShares U.S. Consumer Discretionary ETF (IYC).

CLDL and IYC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLDL is an actively managed fund by Direxion. It was launched on Jan 8, 2021. IYC is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Consumer Services Index. It was launched on Jun 28, 2000.

Performance

CLDL vs. IYC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Cloud Computing Bull 2X Shares (CLDL) and iShares U.S. Consumer Discretionary ETF (IYC). The values are adjusted to include any dividend payments, if applicable.

CLDL vs. IYC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CLDL Direxion Daily Cloud Computing Bull 2X Shares	0.00%	3.74%	25.41%	84.75%	-72.32%	-15.05%
IYC iShares U.S. Consumer Discretionary ETF	-5.90%	7.85%	27.54%	34.03%	-31.78%	18.41%

Returns By Period

CLDL

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IYC

• 1D: 2.72%
• 1M: -5.94%
• YTD: -5.90%
• 6M: -7.30%
• 1Y: 10.29%
• 3Y*: 15.09%
• 5Y*: 5.66%
• 10Y*: 11.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CLDL vs. IYC - Expense Ratio Comparison

CLDL has a 0.95% expense ratio, which is higher than IYC's 0.38% expense ratio.

CLDL

Direxion Daily Cloud Computing Bull 2X Shares

IYC

iShares U.S. Consumer Discretionary ETF

Return for Risk

CLDL vs. IYC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IYC

IYC Risk / Return Rank: 32
IYC Sharpe Ratio Rank: 29
IYC Sortino Ratio Rank: 33
IYC Omega Ratio Rank: 30
IYC Calmar Ratio Rank: 35
IYC Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CLDL vs. IYC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Cloud Computing Bull 2X Shares (CLDL) and iShares U.S. Consumer Discretionary ETF (IYC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CLDL	IYC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.51	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.28	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.41	—

Correlation

The correlation between CLDL and IYC is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CLDL vs. IYC - Dividend Comparison

CLDL's dividend yield for the trailing twelve months is around 0.21%, less than IYC's 0.53% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CLDL Direxion Daily Cloud Computing Bull 2X Shares	0.21%	0.26%	0.00%	0.00%	0.00%	4.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IYC iShares U.S. Consumer Discretionary ETF	0.53%	0.51%	0.47%	0.68%	0.68%	0.39%	0.65%	0.89%	0.90%	0.92%	1.10%	1.03%

Drawdowns

Drawdown Indicators

	CLDL	IYC	Difference
Max Drawdown Largest peak-to-trough decline	—	-53.10%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.49%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.90%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.90%	—
Current Drawdown Current decline from peak	—	-9.46%	—
Average Drawdown Average peak-to-trough decline	—	-9.99%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.74%	—

Volatility

Volatility by Period

	CLDL	IYC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	20.10%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	20.68%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.86%	—