CLDL vs. TERG

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily Cloud Computing Bull 2X Shares (CLDL) and Leverage Shares 2X Long TER Daily ETF (TERG).

CLDL and TERG 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. TERG is an actively managed fund by Leverage Shares. It was launched on Nov 17, 2025.

Performance

CLDL vs. TERG - Performance Comparison

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

CLDL vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
CLDL Direxion Daily Cloud Computing Bull 2X Shares	0.00%	0.00%
TERG Leverage Shares 2X Long TER Daily ETF	102.79%	28.17%

Returns By Period

CLDL

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

TERG

• 1D: 14.40%
• 1M: -19.76%
• YTD: 102.79%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLDL vs. TERG - Expense Ratio Comparison

CLDL has a 0.95% expense ratio, which is higher than TERG's 0.75% expense ratio.

CLDL

Direxion Daily Cloud Computing Bull 2X Shares

TERG

Leverage Shares 2X Long TER Daily ETF

Return for Risk

CLDL vs. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Cloud Computing Bull 2X Shares (CLDL) and Leverage Shares 2X Long TER Daily ETF (TERG). 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	TERG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	10.56	—

Dividends

CLDL vs. TERG - Dividend Comparison

CLDL's dividend yield for the trailing twelve months is around 0.21%, while TERG has not paid dividends to shareholders.

	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%
TERG Leverage Shares 2X Long TER Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	CLDL	TERG	Difference
Max Drawdown Largest peak-to-trough decline	—	-39.32%	—
Current Drawdown Current decline from peak	—	-30.58%	—
Average Drawdown Average peak-to-trough decline	—	-9.77%	—

Volatility

Volatility by Period

	CLDL	TERG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	124.59%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	124.59%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	124.59%	—