CLDL vs. SOXL
Compare and contrast key facts about Direxion Daily Cloud Computing Bull 2X Shares (CLDL) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
CLDL and SOXL 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. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLDL or SOXL.
Key characteristics
| CLDL | SOXL | |
|---|---|---|
| YTD Return | 37.22% | -4.93% |
| 1Y Return | 72.32% | 35.13% |
| 3Y Return (Ann) | -22.58% | -21.83% |
| Sharpe Ratio | 1.90 | 0.49 |
| Sortino Ratio | 2.31 | 1.29 |
| Omega Ratio | 1.31 | 1.17 |
| Calmar Ratio | 1.09 | 0.70 |
| Martin Ratio | 4.45 | 1.61 |
| Ulcer Index | 18.62% | 30.74% |
| Daily Std Dev | 43.69% | 100.76% |
| Max Drawdown | -83.50% | -90.46% |
| Current Drawdown | -54.95% | -58.48% |
Correlation
The correlation between CLDL and SOXL is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CLDL vs. SOXL - Performance Comparison
In the year-to-date period, CLDL achieves a 37.22% return, which is significantly higher than SOXL's -4.93% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CLDL vs. SOXL - Expense Ratio Comparison
CLDL has a 0.95% expense ratio, which is lower than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
CLDL vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Cloud Computing Bull 2X Shares (CLDL) and Direxion Daily Semiconductor Bull 3x Shares (SOXL). 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.
Dividends
CLDL vs. SOXL - Dividend Comparison
CLDL has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 1.03%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CLDL Direxion Daily Cloud Computing Bull 2X Shares | 0.00% | 0.00% | 0.00% | 4.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 1.03% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
CLDL vs. SOXL - Drawdown Comparison
The maximum CLDL drawdown since its inception was -83.50%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for CLDL and SOXL. For additional features, visit the drawdowns tool.
Volatility
CLDL vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily Cloud Computing Bull 2X Shares (CLDL) is 13.05%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 24.66%. This indicates that CLDL experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.