CLDL vs. USD
Compare and contrast key facts about Direxion Daily Cloud Computing Bull 2X Shares (CLDL) and ProShares Ultra Semiconductors (USD).
CLDL and USD 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. USD is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (200%). It was launched on Jan 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLDL or USD.
Key characteristics
| CLDL | USD | |
|---|---|---|
| YTD Return | 38.17% | 163.47% |
| 1Y Return | 84.18% | 229.11% |
| 3Y Return (Ann) | -22.43% | 41.34% |
| Sharpe Ratio | 1.93 | 2.85 |
| Sortino Ratio | 2.34 | 2.85 |
| Omega Ratio | 1.31 | 1.38 |
| Calmar Ratio | 1.10 | 4.72 |
| Martin Ratio | 4.53 | 12.54 |
| Ulcer Index | 18.62% | 18.00% |
| Daily Std Dev | 43.68% | 79.28% |
| Max Drawdown | -83.50% | -87.95% |
| Current Drawdown | -54.64% | -12.89% |
Correlation
The correlation between CLDL and USD is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CLDL vs. USD - Performance Comparison
In the year-to-date period, CLDL achieves a 38.17% return, which is significantly lower than USD's 163.47% 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. USD - Expense Ratio Comparison
Both CLDL and USD have an expense ratio of 0.95%.
Risk-Adjusted Performance
CLDL vs. USD - 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 Ultra Semiconductors (USD). 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. USD - Dividend Comparison
CLDL has not paid dividends to shareholders, while USD's dividend yield for the trailing twelve months is around 0.04%.
| 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% |
USD ProShares Ultra Semiconductors | 0.04% | 0.10% | 0.30% | 0.00% | 0.15% | 1.23% | 1.47% | 0.48% | 7.33% | 0.39% | 2.82% | 0.76% |
Drawdowns
CLDL vs. USD - Drawdown Comparison
The maximum CLDL drawdown since its inception was -83.50%, smaller than the maximum USD drawdown of -87.95%. Use the drawdown chart below to compare losses from any high point for CLDL and USD. For additional features, visit the drawdowns tool.
Volatility
CLDL vs. USD - Volatility Comparison
The current volatility for Direxion Daily Cloud Computing Bull 2X Shares (CLDL) is 13.39%, while ProShares Ultra Semiconductors (USD) has a volatility of 20.42%. This indicates that CLDL experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.