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Direxion Daily Cloud Computing Bull 2X Shares

CLDL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 08 2021
Expense Ratio
0.96%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$299,785
AUM
$7,308,817
Associated Index
Indxx USA Cloud Computing Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Dividend
No
Prospectus

Top 10 Holdings

n/a
DREYFUS GOVT CASH MGMT
4.83%
n/a
GOLDMAN FINL SQ TRSRY INST 506
3.07%
ORCL
Oracle Corp.
2.80%
SAP
Sap SE - ADR
2.62%
ADSK
Autodesk Inc.
2.50%
VMW
Vmware Inc. - Ordinary Shares - Class A
2.22%
ADBE
Adobe Inc
2.17%
NOW
ServiceNow Inc
2.05%
VEEV
Veeva Systems Inc - Ordinary Shares - Class A
2.00%
CRM
Salesforce Inc
1.98%
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 IGV, SKYY, FCLD

CLDL
Direxion Funds - Direxion Daily Cloud Computing Bull 2X Shares
IGV
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector ETF
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
FCLD
Fidelity Covington Trust - Fidelity Cloud Computing ETF
SWAR
Direxion Shares ETF Trust - Direxion Daily Software Bull 2X Shares
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
WCLD
WisdomTree Trust - WisdomTree Cloud Computing Fund
XDAT
Franklin Templeton ETF Trust - Franklin Exponential Data ETF
CLOU
Global X Funds - Global X Cloud Computing ETF
WFH
Direxion Funds - Direxion Work From Home ETF
LRNZ
Listed Funds Trust - TrueShares Technology, AI & Deep Learning 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

Can contain

CLDLSSO

Create your own algorithmic trading strategy with CLDL using Composer

Disclaimers

*

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.