CLDS, NYSE

Direxion Daily Cloud Computing Bear 2X Shares (CLDS)

Price (as of September 5)

34.2814USD

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

CLDL

Direxion Daily Cloud Computing Bull 2X Shares

-0.98

ARKW

ARK Next Generation Internet ETF

-0.89

ARKK

ARK Innovation ETF

-0.89

ARKF

ARK Fintech Innovation ETF

-0.89

IQM

Franklin Intelligent Machines ETF

-0.87

VGT

Vanguard Information Technology Index Fund

-0.86

QLD

ProShares Ultra QQQ

-0.85

ROM

ProShares Ultra Technology

-0.85

TQQQ

ProShares UltraPro QQQ

-0.85

FNGU

MicroSectors FANG+ Index 3X Leveraged ETN

-0.82

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Highest within Industry

Symbol Correlation

SRTY

ProShares UltraPro Short Russell2000

0.72

DISV

Dimensional International Small Cap Value ETF

0.28

DIHP

Dimensional International High Profitability ETF

0.28

DBND

DoubleLine Opportunistic Bond ETF

0.2

DINT

Davis Select International ETF

0.17

INQQ

India Internet & Ecommerce ETF

0.16

ADIV

SMARTETFS ASIA PACIFIC DIVIDEND BUILDER ETF

0.15

BOAT

SonicShares Global Shipping ETF

0.15

DIV

Global X SuperDividend U.S. ETF

0.13

GBLD

Invesco MSCI Green Building ETF

0.13

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Profile

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

The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund’s net assets (plus borrowing for investment purposes). The index is provided by Indxx, LLC and includes domestic companies that deliver cloud computing infrastructure, platforms, or services. The fund is non-diversified.