CLDL vs. TQQQ
Compare and contrast key facts about Direxion Daily Cloud Computing Bull 2X Shares (CLDL) and ProShares UltraPro QQQ (TQQQ).
CLDL and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLDL or TQQQ.
Key characteristics
| CLDL | TQQQ | |
|---|---|---|
| YTD Return | 35.87% | 64.66% |
| 1Y Return | 81.27% | 105.67% |
| 3Y Return (Ann) | -22.89% | 1.05% |
| Sharpe Ratio | 2.03 | 2.30 |
| Sortino Ratio | 2.42 | 2.61 |
| Omega Ratio | 1.32 | 1.35 |
| Calmar Ratio | 1.16 | 2.23 |
| Martin Ratio | 4.78 | 9.63 |
| Ulcer Index | 18.62% | 12.40% |
| Daily Std Dev | 43.75% | 51.72% |
| Max Drawdown | -83.50% | -81.66% |
| Current Drawdown | -55.40% | -3.64% |
Correlation
The correlation between CLDL and TQQQ is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CLDL vs. TQQQ - Performance Comparison
In the year-to-date period, CLDL achieves a 35.87% return, which is significantly lower than TQQQ's 64.66% 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. TQQQ - Expense Ratio Comparison
Both CLDL and TQQQ have an expense ratio of 0.95%.
Risk-Adjusted Performance
CLDL vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Cloud Computing Bull 2X Shares (CLDL) and ProShares UltraPro QQQ (TQQQ). 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. TQQQ - Dividend Comparison
CLDL has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.15%.
| 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% |
TQQQ ProShares UltraPro QQQ | 1.15% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
CLDL vs. TQQQ - Drawdown Comparison
The maximum CLDL drawdown since its inception was -83.50%, roughly equal to the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for CLDL and TQQQ. For additional features, visit the drawdowns tool.
Volatility
CLDL vs. TQQQ - Volatility Comparison
The current volatility for Direxion Daily Cloud Computing Bull 2X Shares (CLDL) is 13.45%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.48%. This indicates that CLDL experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.