CLDL vs. UPRO
Compare and contrast key facts about Direxion Daily Cloud Computing Bull 2X Shares (CLDL) and ProShares UltraPro S&P 500 (UPRO).
CLDL and UPRO 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. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLDL or UPRO.
Key characteristics
| CLDL | UPRO | |
|---|---|---|
| YTD Return | 35.87% | 76.62% |
| 1Y Return | 81.27% | 119.91% |
| 3Y Return (Ann) | -22.89% | 10.42% |
| Sharpe Ratio | 2.03 | 3.54 |
| Sortino Ratio | 2.42 | 3.73 |
| Omega Ratio | 1.32 | 1.52 |
| Calmar Ratio | 1.16 | 3.04 |
| Martin Ratio | 4.78 | 21.57 |
| Ulcer Index | 18.62% | 6.03% |
| Daily Std Dev | 43.75% | 36.56% |
| Max Drawdown | -83.50% | -76.82% |
| Current Drawdown | -55.40% | 0.00% |
Correlation
The correlation between CLDL and UPRO is 0.75, 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. UPRO - Performance Comparison
In the year-to-date period, CLDL achieves a 35.87% return, which is significantly lower than UPRO's 76.62% 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. UPRO - Expense Ratio Comparison
CLDL has a 0.95% expense ratio, which is higher than UPRO's 0.92% expense ratio.
Risk-Adjusted Performance
CLDL vs. UPRO - 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 S&P 500 (UPRO). 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. UPRO - Dividend Comparison
CLDL has not paid dividends to shareholders, while UPRO's dividend yield for the trailing twelve months is around 0.71%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
UPRO ProShares UltraPro S&P 500 | 0.71% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
Drawdowns
CLDL vs. UPRO - Drawdown Comparison
The maximum CLDL drawdown since its inception was -83.50%, which is greater than UPRO's maximum drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for CLDL and UPRO. For additional features, visit the drawdowns tool.
Volatility
CLDL vs. UPRO - Volatility Comparison
Direxion Daily Cloud Computing Bull 2X Shares (CLDL) has a higher volatility of 13.45% compared to ProShares UltraPro S&P 500 (UPRO) at 11.76%. This indicates that CLDL's price experiences larger fluctuations and is considered to be riskier than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.