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

Key characteristics


CLOUCLDL
YTD Return0.57%24.95%
1Y Return20.58%68.77%
3Y Return (Ann)-9.44%-25.47%
Sharpe Ratio0.991.59
Sortino Ratio1.422.03
Omega Ratio1.181.27
Calmar Ratio0.500.90
Martin Ratio1.733.70
Ulcer Index11.84%18.62%
Daily Std Dev20.72%43.25%
Max Drawdown-52.92%-83.50%
Current Drawdown-26.55%-58.98%

Correlation

-0.50.00.51.00.9

The correlation between CLOU and CLDL is 0.94, 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

In the year-to-date period, CLOU achieves a 0.57% return, which is significantly lower than CLDL's 24.95% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%-10.00%0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
14.82%
42.29%
CLOU
CLDL

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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
Expense ratio chart for CLDL: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for CLOU: current value at 0.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.68%

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.


CLOU
Sharpe ratio
The chart of Sharpe ratio for CLOU, currently valued at 0.99, compared to the broader market-2.000.002.004.006.000.99
Sortino ratio
The chart of Sortino ratio for CLOU, currently valued at 1.42, compared to the broader market-2.000.002.004.006.008.0010.0012.001.42
Omega ratio
The chart of Omega ratio for CLOU, currently valued at 1.18, compared to the broader market1.001.502.002.503.001.18
Calmar ratio
The chart of Calmar ratio for CLOU, currently valued at 0.50, compared to the broader market0.005.0010.0015.000.50
Martin ratio
The chart of Martin ratio for CLOU, currently valued at 1.73, compared to the broader market0.0020.0040.0060.0080.00100.00120.001.73
CLDL
Sharpe ratio
The chart of Sharpe ratio for CLDL, currently valued at 1.59, compared to the broader market-2.000.002.004.006.001.59
Sortino ratio
The chart of Sortino ratio for CLDL, currently valued at 2.03, compared to the broader market-2.000.002.004.006.008.0010.0012.002.03
Omega ratio
The chart of Omega ratio for CLDL, currently valued at 1.27, compared to the broader market1.001.502.002.503.001.27
Calmar ratio
The chart of Calmar ratio for CLDL, currently valued at 0.90, compared to the broader market0.005.0010.0015.000.90
Martin ratio
The chart of Martin ratio for CLDL, currently valued at 3.70, compared to the broader market0.0020.0040.0060.0080.00100.00120.003.70

CLOU vs. CLDL - Sharpe Ratio Comparison

The current CLOU Sharpe Ratio is 0.99, which is lower than the CLDL Sharpe Ratio of 1.59. 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.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.50JuneJulyAugustSeptemberOctoberNovember
0.99
1.59
CLOU
CLDL

Dividends

CLOU vs. CLDL - Dividend Comparison

Neither CLOU nor CLDL has paid dividends to shareholders.


TTM20232022202120202019
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.


-80.00%-70.00%-60.00%-50.00%-40.00%-30.00%JuneJulyAugustSeptemberOctoberNovember
-26.55%
-58.98%
CLOU
CLDL

Volatility

CLOU vs. CLDL - Volatility Comparison

The current volatility for Global X Cloud Computing ETF (CLOU) is 4.90%, while Direxion Daily Cloud Computing Bull 2X Shares (CLDL) has a volatility of 11.79%. 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.


5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
4.90%
11.79%
CLOU
CLDL