CLDL vs. XLY
Compare and contrast key facts about Direxion Daily Cloud Computing Bull 2X Shares (CLDL) and Consumer Discretionary Select Sector SPDR Fund (XLY).
CLDL and XLY 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. XLY is a passively managed fund by State Street that tracks the performance of the Consumer Discretionary Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLDL or XLY.
Key characteristics
| CLDL | XLY | |
|---|---|---|
| YTD Return | 38.17% | 23.52% |
| 1Y Return | 84.18% | 37.09% |
| 3Y Return (Ann) | -22.43% | 3.38% |
| Sharpe Ratio | 1.93 | 2.20 |
| Sortino Ratio | 2.34 | 2.94 |
| Omega Ratio | 1.31 | 1.37 |
| Calmar Ratio | 1.10 | 1.76 |
| Martin Ratio | 4.53 | 10.67 |
| Ulcer Index | 18.62% | 3.69% |
| Daily Std Dev | 43.68% | 17.89% |
| Max Drawdown | -83.50% | -59.05% |
| Current Drawdown | -54.64% | 0.00% |
Correlation
The correlation between CLDL and XLY is 0.74, 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. XLY - Performance Comparison
In the year-to-date period, CLDL achieves a 38.17% return, which is significantly higher than XLY's 23.52% 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. XLY - Expense Ratio Comparison
CLDL has a 0.95% expense ratio, which is higher than XLY's 0.13% expense ratio.
Risk-Adjusted Performance
CLDL vs. XLY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Cloud Computing Bull 2X Shares (CLDL) and Consumer Discretionary Select Sector SPDR Fund (XLY). 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. XLY - Dividend Comparison
CLDL has not paid dividends to shareholders, while XLY's dividend yield for the trailing twelve months is around 0.69%.
| 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% |
XLY Consumer Discretionary Select Sector SPDR Fund | 0.69% | 0.78% | 1.00% | 0.53% | 0.82% | 1.28% | 1.34% | 1.20% | 1.71% | 1.43% | 1.31% | 1.16% |
Drawdowns
CLDL vs. XLY - Drawdown Comparison
The maximum CLDL drawdown since its inception was -83.50%, which is greater than XLY's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for CLDL and XLY. For additional features, visit the drawdowns tool.
Volatility
CLDL vs. XLY - Volatility Comparison
Direxion Daily Cloud Computing Bull 2X Shares (CLDL) has a higher volatility of 13.39% compared to Consumer Discretionary Select Sector SPDR Fund (XLY) at 5.99%. This indicates that CLDL's price experiences larger fluctuations and is considered to be riskier than XLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.