CLOD vs. TSXU

Last updated Jun 4, 2026

CLOD (Themes Cloud Computing ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - CLOD is a Technology Equities fund tracking the Solactive Cloud Technology Index, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). Both are passively managed. At a 0.38 correlation, their price movements are largely independent. CLOD charges 0.35%/yr vs 1.05%/yr for TSXU.

Performance

CLOD vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Cloud Computing ETF (CLOD) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CLOD achieves a 3.48% return, which is significantly lower than TSXU's 141.91% return.

CLOD

• 1D: -3.72%
• 1M: 14.95%
• YTD: 3.48%
• 6M: 1.34%
• 1Y: 2.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSXU

• 1D: -0.92%
• 1M: 66.50%
• YTD: 141.91%
• 6M: 130.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLOD vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
CLOD Themes Cloud Computing ETF	3.48%	-7.68%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	141.91%	13.59%

Correlation

The correlation between CLOD and TSXU is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.38

Return for Risk

CLOD vs. TSXU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLOD

CLOD Risk / Return Rank: 10
CLOD Sharpe Ratio Rank: 10
CLOD Sortino Ratio Rank: 10
CLOD Omega Ratio Rank: 10
CLOD Calmar Ratio Rank: 10
CLOD Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CLOD vs. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Cloud Computing ETF (CLOD) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). 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.

	CLOD	TSXU	Difference
Sharpe ratio: Return per unit of total volatility	0.10	—	—
Sortino ratio: Return per unit of downside risk	0.31	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	0.08	—	—
Martin ratio: Return relative to average drawdown	0.17	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CLOD	TSXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	4.53	-3.99

Drawdowns

CLOD vs. TSXU - Drawdown Comparison

The maximum CLOD drawdown since its inception was -31.36%, smaller than the maximum TSXU drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for CLOD and TSXU.

Drawdown Indicators

	CLOD	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-31.36%	-35.62%	+4.26%
Max Drawdown (1Y) Largest decline over 1 year	-31.36%	—	—
Current Drawdown Current decline from peak	-6.61%	-0.92%	-5.69%
Average Drawdown Average peak-to-trough decline	-7.51%	-10.56%	+3.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.29%	—	—

Volatility

Volatility by Period

	CLOD	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.71%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.07%	78.68%	-53.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.46%	78.68%	-54.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.46%	78.68%	-54.22%

CLOD vs. TSXU - Expense Ratio Comparison

CLOD has a 0.35% expense ratio, which is lower than TSXU's 1.05% expense ratio.

Dividends

CLOD vs. TSXU - Dividend Comparison

CLOD's dividend yield for the trailing twelve months is around 1.42%, more than TSXU's 1.20% yield.

Position	TTM	2025
CLOD Themes Cloud Computing ETF	1.42%	1.47%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.20%	2.54%

Frequently Asked Questions

Can I hold both CLOD and TSXU in my portfolio?

CLOD and TSXU have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CLOD or TSXU?

On fees, CLOD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLOD or TSXU?

CLOD is cheaper with a 0.35% expense ratio, compared with 1.05% for TSXU.

Which ETF pays a higher dividend yield, CLOD or TSXU?

CLOD has the higher dividend yield at 1.42%, compared with 1.20% for TSXU.

What is the main difference between CLOD and TSXU?

CLOD is categorized as Technology Equities, while TSXU is Leveraged Equities. CLOD tracks Solactive Cloud Technology Index, while TSXU tracks Solactive Semiconductor Top 5 Index (2x). They also come from different issuers: Themes and Direxion. Their fees differ too: 0.35% for CLOD and 1.05% for TSXU.