CLOU vs. CLDL
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.
Performance
CLOU vs. CLDL - Performance Comparison
Returns By Period
In the year-to-date period, CLOU achieves a 2.07% return, which is significantly lower than CLDL's 40.92% return.
CLOU
2.07%
10.35%
13.16%
14.90%
9.08%
N/A
CLDL
40.92%
34.93%
48.41%
75.74%
N/A
N/A
Key characteristics
| CLOU | CLDL | |
|---|---|---|
| Sharpe Ratio | 0.68 | 1.63 |
| Sortino Ratio | 1.02 | 2.07 |
| Omega Ratio | 1.13 | 1.27 |
| Calmar Ratio | 0.34 | 0.93 |
| Martin Ratio | 1.17 | 3.82 |
| Ulcer Index | 11.85% | 18.63% |
| Daily Std Dev | 20.35% | 43.73% |
| Max Drawdown | -52.92% | -83.50% |
| Current Drawdown | -25.46% | -53.74% |
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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.
Correlation
The correlation between CLOU and CLDL is 0.93, 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.
Risk-Adjusted Performance
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.
Dividends
CLOU vs. CLDL - Dividend Comparison
Neither CLOU nor CLDL has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
CLOU Global X Cloud Computing ETF | 0.00% | 0.00% | 0.00% | 1.76% | 0.00% | 0.10% |
CLDL Direxion Daily Cloud Computing Bull 2X Shares | 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 -83.50%. Use the drawdown chart below to compare losses from any high point for CLOU and CLDL. For additional features, visit the drawdowns tool.
Volatility
CLOU vs. CLDL - Volatility Comparison
The current volatility for Global X Cloud Computing ETF (CLOU) is 6.43%, while Direxion Daily Cloud Computing Bull 2X Shares (CLDL) has a volatility of 14.87%. 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.