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ETFs

Direxion Daily Cloud Computing Bull 2X Shares

CLDL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 08 2021
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$111,925
AUM
$7,167,320
Associated Index
Indxx USA Cloud Computing Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
DREYFUS GOVT CASH MAN INS
8.14%
ADBE
Adobe Inc
2.31%
VMW
Vmware Inc. - Ordinary Shares - Class A
2.30%
TEAM
Atlassian Corporation - Ordinary Shares - Class A
2.15%
NOW
ServiceNow Inc
2.15%
ORCL
Oracle Corp.
2.09%
CRWD
Crowdstrike Holdings Inc - Ordinary Shares - Class A
2.08%
WDAY
Workday Inc - Ordinary Shares - Class A
2.04%
VEEV
Veeva Systems Inc - Ordinary Shares - Class A
1.95%
SNOW
Snowflake Inc - Ordinary Shares - Class A
1.85%
Invest with CLDL

What is CLDL?

The Direxion Daily Cloud Computing Bull (CLDL) 2X Shares seek daily investment results, before fees and expenses, of 200% of the performance of the Indxx USA Cloud Computing Index. There is no guarantee the funds will meet their stated investment objective. The Indxx USA Cloud Computing Index (IUCLOUN) is provided by Indxx, LLC. and includes domestic companies that deliver cloud computing infrastructure, platforms, or services. The companies included in the Index are involved in the delivery of computing services servers, storage, databases, networking, software, analytics, and more, over the internet, which is often referred to as the Cloud. The Index Provider has defined cloud computing to include three themes: Infrastructure as a service; Platform as a service; and Software as a service. One cannot invest directly in an Index.

ETFs related toCLDL

ETFs correlated to CLDL include SKYY, IGV, CLOU

CLDL
Direxion Funds - Direxion Daily Cloud Computing Bull 2X Shares
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
IGV
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector ETF
CLOU
Global X Funds - Global X Cloud Computing ETF
WCLD
WisdomTree Trust - WisdomTree Cloud Computing Fund
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
IHAK
iShares Trust - iShares Cybersecurity and Tech ETF
HACK
ETF Managers Group LLC - ETFMG Prime Cyber Security ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toCLDL

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with CLDL using Composer

FAQ

CLDL is a US Equities ETF. The Direxion Daily Cloud Computing Bull (CLDL) 2X Shares seek daily investment results, before fees and expenses, of 200% of the performance of the Indxx USA Cloud Computing Index. There is no guarantee the funds will meet their stated investment objective. The Indxx USA Cloud Computing Index (IUCLOUN) is provided by Indxx, LLC. and includes domestic companies that deliver cloud computing infrastructure, platforms, or services. The companies included in the Index are involved in the delivery of computing services servers, storage, databases, networking, software, analytics, and more, over the internet, which is often referred to as the Cloud. The Index Provider has defined cloud computing to include three themes: Infrastructure as a service; Platform as a service; and Software as a service. One cannot invest directly in an Index.

CLDL tracks the Indxx USA Cloud Computing Index.

No, CLDL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, CLDL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CLDL is 0.0066%. This is the percent change in the value of CLDL over the most recent 1-month period. The 3-month return on CLDL is 0.0207%. This is the percent change in the value of CLDL over the most recent 3-month period.

The standard deviation of CLDL for the past year is 0.5904%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CLDL include SSO, SPXL, and SDS.

ETFs correlated to CLDL include SKYY, IGV, and CLOU.

ETFs that are inversely correlated to CLDL include WEBS, HIBS, and SARK.

Yes, CLDL is a Leveraged (2x) ETF: This means that CLDL will try to match the performance of Indxx USA Cloud Computing Index, but with 2x the returns.

Yes, CLDL is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Indxx USA Cloud Computing Index, but move 2x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.