CLOU vs. CLDL

Last updated Apr 1, 2026

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.

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.

CLOU vs. CLDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CLOU Global X Cloud Computing ETF	-13.79%	-5.59%	5.74%	41.36%	-39.56%	-3.45%
CLDL Direxion Daily Cloud Computing Bull 2X Shares	0.00%	3.74%	25.41%	84.75%	-72.32%	-15.05%

Returns By Period

CLOU

• 1D: 3.45%
• 1M: 3.94%
• YTD: -13.79%
• 6M: -16.17%
• 1Y: -7.10%
• 3Y*: 2.05%
• 5Y*: -5.59%
• 10Y*: —

CLDL

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

Return for Risk

CLOU vs. CLDL — Risk / Return Rank

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

CLOU

CLOU Risk / Return Rank: 7
CLOU Sharpe Ratio Rank: 8
CLOU Sortino Ratio Rank: 8
CLOU Omega Ratio Rank: 8
CLOU Calmar Ratio Rank: 7
CLOU Martin Ratio Rank: 5

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.

CLOU vs. CLDL - Risk-Adjusted Trends 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.

	CLOU	CLDL	Difference
Sharpe ratio Return per unit of total volatility	-0.24	—	—
Sortino ratio Return per unit of downside risk	-0.15	—	—
Omega ratio Gain probability vs. loss probability	0.98	—	—
Calmar ratio Return relative to maximum drawdown	-0.32	—	—
Martin ratio Return relative to average drawdown	-0.86	—	—
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

	CLOU	CLDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.24	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.19	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	—	—

Correlation

The correlation between CLOU and CLDL is 0.87, 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.

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 0.21%.

	TTM	2025	2024	2023	2022	2021	2020	2019
CLOU Global X Cloud Computing ETF	0.00%	0.00%	0.00%	0.00%	0.00%	1.76%	0.00%	0.05%
CLDL Direxion Daily Cloud Computing Bull 2X Shares	0.21%	0.26%	0.00%	0.00%	0.00%	4.78%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	CLOU	CLDL	Difference
Max Drawdown Largest peak-to-trough decline	-53.74%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-25.13%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-53.74%	—	—
Current Drawdown Current decline from peak	-38.26%	—	—
Average Drawdown Average peak-to-trough decline	-24.21%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	9.47%	—	—

Volatility

Volatility by Period

	CLOU	CLDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.28%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.63%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.31%	—	—