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CLOU vs. CLDL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

CLOU vs. CLDL

Last updated May 18, 2025

Compare and contrast key facts about Global X Cloud Computing ETF (CLOU) and Direxion Daily Cloud Computing Bull 2X Shares (CLDL).

CLOU and CLDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLOU is a passively managed fund by Global X that tracks the performance of the Indxx Global Cloud Computing Index. It was launched on Apr 12, 2019. CLDL is an actively managed fund by Direxion. It was launched on Jan 8, 2021.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLOU or CLDL.

Correlation

The correlation between CLOU and CLDL 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

CLOU vs. CLDL - Performance Comparison

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

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Key characteristics

Sharpe Ratio

CLOU:

0.49

CLDL:

0.58

Sortino Ratio

CLOU:

0.93

CLDL:

1.29

Omega Ratio

CLOU:

1.12

CLDL:

1.16

Calmar Ratio

CLOU:

0.36

CLDL:

0.54

Martin Ratio

CLOU:

1.51

CLDL:

2.12

Ulcer Index

CLOU:

9.93%

CLDL:

19.10%

Daily Std Dev

CLOU:

28.31%

CLDL:

59.43%

Max Drawdown

CLOU:

-52.92%

CLDL:

-82.77%

Current Drawdown

CLOU:

-24.68%

CLDL:

-56.40%

Returns By Period

In the year-to-date period, CLOU achieves a -2.46% return, which is significantly lower than CLDL's 1.42% return.

CLOU

YTD

-2.46%

1M

19.30%

6M

2.95%

1Y

14.11%

5Y*

5.26%

10Y*

N/A

CLDL

YTD

1.42%

1M

41.08%

6M

-0.90%

1Y

33.03%

5Y*

N/A

10Y*

N/A

*Annualized

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CLOU vs. CLDL - Expense Ratio Comparison

CLOU has a 0.68% expense ratio, which is lower than CLDL's 0.95% expense ratio.

CLDL
Direxion Daily Cloud Computing Bull 2X Shares
CLOU
Global X Cloud Computing ETF

Risk-Adjusted Performance

CLOU vs. CLDL — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CLOU
The Risk-Adjusted Performance Rank of CLOU is 4747
Overall Rank
The Sharpe Ratio Rank of CLOU is 4747
Sharpe Ratio Rank
The Sortino Ratio Rank of CLOU is 5454
Sortino Ratio Rank
The Omega Ratio Rank of CLOU is 5151
Omega Ratio Rank
The Calmar Ratio Rank of CLOU is 4141
Calmar Ratio Rank
The Martin Ratio Rank of CLOU is 4444
Martin Ratio Rank
CLDL
The Risk-Adjusted Performance Rank of CLDL is 6262
Overall Rank
The Sharpe Ratio Rank of CLDL is 5656
Sharpe Ratio Rank
The Sortino Ratio Rank of CLDL is 7474
Sortino Ratio Rank
The Omega Ratio Rank of CLDL is 6969
Omega Ratio Rank
The Calmar Ratio Rank of CLDL is 5656
Calmar Ratio Rank
The Martin Ratio Rank of CLDL is 5656
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CLOU vs. CLDL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Cloud Computing ETF (CLOU) and Direxion Daily Cloud Computing Bull 2X Shares (CLDL). 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.

The current CLOU Sharpe Ratio is 0.49, which is comparable to the CLDL Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of CLOU and CLDL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

CLOU vs. CLDL - Dividend Comparison

CLOU has not paid dividends to shareholders, while CLDL's dividend yield for the trailing twelve months is around 0.05%.

TTM202420232022202120202019
CLOU
Global X Cloud Computing ETF		0.00%0.00%0.00%0.00%1.76%0.00%0.10%
CLDL
Direxion Daily Cloud Computing Bull 2X Shares		0.05%0.00%0.00%0.00%4.78%0.00%0.00%

Drawdowns

CLOU vs. CLDL - Drawdown Comparison

The maximum CLOU drawdown since its inception was -52.92%, smaller than the maximum CLDL drawdown of -82.77%. Use the drawdown chart below to compare losses from any high point for CLOU and CLDL. For additional features, visit the drawdowns tool.

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Volatility

CLOU vs. CLDL - Volatility Comparison

The current volatility for Global X Cloud Computing ETF (CLOU) is 8.88%, while Direxion Daily Cloud Computing Bull 2X Shares (CLDL) has a volatility of 15.36%. This indicates that CLOU experiences smaller price fluctuations and is considered to be less risky than CLDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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