CLDL, NYSE

Direxion Daily Cloud Computing Bull 2X Shares (CLDL)

Price (as of September 5)

7.27USD

Correlations

The correlation describes the statistical relationship between the value of two assets over time. Use this relationship to bet against an asset without shorting it or diversify your portfolio more effectively. Learn how you can use correlations to your advantage.

Lowest within Industry

Symbol Correlation

CLDS

Direxion Daily Cloud Computing Bear 2X Shares

-0.98

SRTY

ProShares UltraPro Short Russell2000

-0.71

DISV

Dimensional International Small Cap Value ETF

-0.24

DIHP

Dimensional International High Profitability ETF

-0.24

DBND

DoubleLine Opportunistic Bond ETF

-0.2

BOAT

SonicShares Global Shipping ETF

-0.17

DINT

Davis Select International ETF

-0.15

ADIV

SMARTETFS ASIA PACIFIC DIVIDEND BUILDER ETF

-0.14

INQQ

India Internet & Ecommerce ETF

-0.13

DIV

Global X SuperDividend U.S. ETF

-0.13

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Highest within Industry

Symbol Correlation

ARKW

ARK Next Generation Internet ETF

0.91

ARKK

ARK Innovation ETF

0.9

ARKF

ARK Fintech Innovation ETF

0.9

IQM

Franklin Intelligent Machines ETF

0.88

VGT

Vanguard Information Technology Index Fund

0.86

QLD

ProShares Ultra QQQ

0.86

TQQQ

ProShares UltraPro QQQ

0.86

ROM

ProShares Ultra Technology

0.86

FNGU

MicroSectors FANG+ Index 3X Leveraged ETN

0.84

TECL

Direxion Daily Technology Bull 3X Shares

0.83

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Profile

Sector:
Trading--leveraged Equity
Industry:
Exchange Traded Funds

The fund, under normal circumstances, invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is provided by Indxx, LLC and includes domestic companies that deliver cloud computing infrastructure, platforms, or services. The fund is non-diversified.