CLDL vs. TERG

Last updated Jun 5, 2026

CLDL (Direxion Daily Cloud Computing Bull 2X Shares) and TERG (Leverage Shares 2X Long TER Daily ETF) are both Leveraged Equities funds. Both are actively managed. CLDL charges 0.95%/yr vs 0.75%/yr for TERG.

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.

Returns By Period

CLDL

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

TERG

• 1D: -1.30%
• 1M: 23.46%
• YTD: 225.36%
• 6M: 202.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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	225.36%	28.17%

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	—	9.47	—

Drawdowns

Drawdown Indicators

	CLDL	TERG	Difference
Max Drawdown Largest peak-to-trough decline	—	-49.52%	—
Current Drawdown Current decline from peak	—	-17.07%	—
Average Drawdown Average peak-to-trough decline	—	-13.75%	—

Volatility

Volatility by Period

	CLDL	TERG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	138.78%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	138.78%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	138.78%	—

CLDL vs. TERG - Expense Ratio Comparison

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

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.

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

Frequently Asked Questions

Which ETF is better, CLDL or TERG?

On fees, TERG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLDL or TERG?

TERG is cheaper with a 0.75% expense ratio, compared with 0.95% for CLDL.

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

CLDL has the higher dividend yield at 0.21%, compared with 0.00% for TERG.

What is the main difference between CLDL and TERG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.95% for CLDL and 0.75% for TERG.