CLDL vs. MULL

Last updated Jun 4, 2026

CLDL (Direxion Daily Cloud Computing Bull 2X Shares) and MULL (GraniteShares 2x Long MU Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.29 correlation, their price movements are largely independent. CLDL charges 0.95%/yr vs 1.50%/yr for MULL.

Performance

CLDL vs. MULL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Cloud Computing Bull 2X Shares (CLDL) and GraniteShares 2x Long MU Daily ETF (MULL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLDL

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

MULL

• 1D: 2.92%
• 1M: 216.81%
• YTD: 936.86%
• 6M: 1,369.93%
• 1Y: 6,074.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLDL vs. MULL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CLDL Direxion Daily Cloud Computing Bull 2X Shares	0.00%	3.74%	-9.23%
MULL GraniteShares 2x Long MU Daily ETF	936.86%	558.51%	-40.10%

Correlation

The correlation between CLDL and MULL is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Nov 13, 2024	0.29

The correlation between CLDL and MULL shifts across timeframes, from -0.06 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.

CLDL vs. MULL - Sectors Allocation Comparison

Sectors	CLDL	MULL
Technology	94.5%	66.7%
Healthcare	5.5%	-
Communication Services	1.1%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

CLDL vs. MULL — Risk / Return Rank

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

MULL

MULL Risk / Return Rank: 99
MULL Sharpe Ratio Rank: 100
MULL Sortino Ratio Rank: 98
MULL Omega Ratio Rank: 97
MULL Calmar Ratio Rank: 100
MULL Martin Ratio Rank: 100

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. MULL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Cloud Computing Bull 2X Shares (CLDL) and GraniteShares 2x Long MU Daily ETF (MULL). 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	MULL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	46.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	7.45	—

Drawdowns

Drawdown Indicators

	CLDL	MULL	Difference
Max Drawdown Largest peak-to-trough decline	—	-72.29%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-53.09%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-20.62%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.79%	—

Volatility

Volatility by Period

	CLDL	MULL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	55.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	105.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	132.38%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	136.22%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	136.22%	—

CLDL vs. MULL - Expense Ratio Comparison

CLDL has a 0.95% expense ratio, which is lower than MULL's 1.50% expense ratio.

Dividends

CLDL vs. MULL - Dividend Comparison

CLDL's dividend yield for the trailing twelve months is around 0.21%, more than MULL's 0.04% yield.

Position	TTM	2025	2024	2023	2022	2021
CLDL Direxion Daily Cloud Computing Bull 2X Shares	0.21%	0.26%	0.00%	0.00%	0.00%	4.78%
MULL GraniteShares 2x Long MU Daily ETF	0.04%	0.39%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CLDL and MULL in my portfolio?

CLDL and MULL have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CLDL or MULL?

On fees, CLDL is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLDL or MULL?

CLDL is cheaper with a 0.95% expense ratio, compared with 1.50% for MULL.

Which ETF pays a higher dividend yield, CLDL or MULL?

CLDL has the higher dividend yield at 0.21%, compared with 0.04% for MULL.

What is the main difference between CLDL and MULL?

They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 0.95% for CLDL and 1.50% for MULL.