CLDL vs. SOXS

Last updated Jun 4, 2026

CLDL (Direxion Daily Cloud Computing Bull 2X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both Leveraged Equities funds from Direxion. CLDL is actively managed, while SOXS is passively managed. At a correlation of -0.61, they often move in opposite directions. CLDL charges 0.95%/yr vs 1.08%/yr for SOXS.

Performance

CLDL vs. SOXS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Cloud Computing Bull 2X Shares (CLDL) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLDL

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

SOXS

• 1D: -5.03%
• 1M: -62.97%
• YTD: -92.10%
• 6M: -91.70%
• 1Y: -97.75%
• 3Y*: -86.64%
• 5Y*: -79.66%
• 10Y*: -78.92%

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

CLDL vs. SOXS - 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%
SOXS Direxion Daily Semiconductor Bear 3x Shares	-92.10%	-85.53%	-59.55%	-84.56%	15.76%	-77.65%

Correlation

The correlation between CLDL and SOXS is -0.07, 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	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	-0.47
Correlation (5Y) Calculated over the trailing 5-year period	-0.60
Correlation (All Time) Calculated using the full available price history since Jan 11, 2021	-0.61

Over the past year, the inverse relationship between CLDL and SOXS has weakened: their correlation has moved from -0.61 to -0.07, meaning they move in opposite directions less often than they have historically.

Return for Risk

CLDL vs. SOXS — Risk / Return Rank

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

SOXS

SOXS Risk / Return Rank: 1
SOXS Sharpe Ratio Rank: 1
SOXS Sortino Ratio Rank: 0
SOXS Omega Ratio Rank: 0
SOXS Calmar Ratio Rank: 0
SOXS Martin Ratio Rank: 1

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. SOXS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Cloud Computing Bull 2X Shares (CLDL) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). 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	SOXS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.96	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.79	—

Drawdowns

Drawdown Indicators

	CLDL	SOXS	Difference
Max Drawdown Largest peak-to-trough decline	—	-100.00%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-97.68%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-99.80%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-99.97%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-100.00%	—
Current Drawdown Current decline from peak	—	-100.00%	—
Average Drawdown Average peak-to-trough decline	—	-92.60%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	68.64%	—

Volatility

Volatility by Period

	CLDL	SOXS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	44.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	83.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	102.18%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	108.21%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	100.48%	—

CLDL vs. SOXS - Expense Ratio Comparison

CLDL has a 0.95% expense ratio, which is lower than SOXS's 1.08% expense ratio.

Dividends

CLDL vs. SOXS - Dividend Comparison

CLDL's dividend yield for the trailing twelve months is around 0.21%, less than SOXS's 68.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
SOXS Direxion Daily Semiconductor Bear 3x Shares	68.34%	10.79%	5.45%	9.22%	0.19%	0.00%	3.58%	2.30%	0.76%

Frequently Asked Questions

Can I hold both CLDL and SOXS in my portfolio?

CLDL and SOXS have a correlation of -0.07, 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 SOXS?

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 SOXS?

CLDL is cheaper with a 0.95% expense ratio, compared with 1.08% for SOXS.

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

SOXS has the higher dividend yield at 68.34%, compared with 0.21% for CLDL.

What is the main difference between CLDL and SOXS?

Their fees differ too: 0.95% for CLDL and 1.08% for SOXS.