CLDL vs. IPO ETF Comparison
Comparison of Direxion Daily Cloud Computing Bull 2X Shares (CLDL) to Renaissance IPO ETF (IPO)
CLDL
Direxion Daily Cloud Computing Bull 2X Shares
CLDL Description
The investment seeks daily investment results, before fees and expenses, of 200% of the daily performance of the the Indxx USA Cloud Computing Index. 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.
Grade (RS Rating)
Last Trade
$10.04
Average Daily Volume
7,646
47
IPO
Renaissance IPO ETF
IPO Description
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance IPO Index. The remaining 20% may be used to purchase securities not in the index that are an appropriate substitute for certain securities in the index in order to track the index. The index is comprised of common stocks, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITS") and master limited partnerships ("MLPs"). The fund is non-diversified.Grade (RS Rating)
Last Trade
$43.52
Average Daily Volume
54,354
29
Performance
| Period | CLDL | IPO |
|---|---|---|
| 30 Days | 1.61% | 4.75% |
| 60 Days | 1.34% | 3.83% |
| 90 Days | 6.32% | 8.43% |
| 12 Months | 9.63% | 32.55% |
CLDL Overweight 45 Positions Relative to IPO
| Symbol | Grade | Weight | |
|---|---|---|---|
| ORCL | B | 4.75% | |
| ADBE | D | 4.35% | |
| NOW | A | 4.34% | |
| SAP | A | 4.29% | |
| ADSK | B | 3.7% | |
| VEEV | C | 3.6% | |
| WDAY | D | 3.45% | |
| TEAM | F | 3.18% | |
| MSTR | D | 3.12% | |
| CRM | D | 3.12% | |
| CRWD | F | 2.96% | |
| SNOW | F | 2.7% | |
| ZM | C | 2.49% | |
| ZS | F | 2.37% | |
| NTNX | C | 2.37% | |
| AKAM | D | 2.32% | |
| DOCU | C | 1.83% | |
| TWLO | D | 1.63% | |
| PAYC | D | 1.35% | |
| PCTY | C | 1.1% | |
| SPSC | D | 1.09% | |
| DBX | D | 0.98% | |
| BILL | D | 0.83% | |
| ACIW | B | 0.8% | |
| BOX | B | 0.73% | |
| QLYS | F | 0.72% | |
| APPF | D | 0.7% | |
| BLKB | B | 0.56% | |
| WK | D | 0.55% | |
| ALRM | F | 0.41% | |
| BL | D | 0.4% | |
| AI | F | 0.39% | |
| CWAN | A | 0.36% | |
| RNG | D | 0.36% | |
| DOCN | B | 0.34% | |
| FIVN | F | 0.32% | |
| NCNO | D | 0.3% | |
| ZUO | D | 0.18% | |
| PYCR | D | 0.16% | |
| PRO | F | 0.12% | |
| RDWR | C | 0.12% | |
| VMEO | C | 0.12% | |
| BLND | C | 0.09% | |
| ENFN | D | 0.06% | |
| SEMR | C | 0.05% |
CLDL Underweight 27 Positions Relative to IPO
| Symbol | Grade | Weight | |
|---|---|---|---|
| NU | B | -12.14% | |
| KVUE | B | -11.76% | |
| ARM | D | -6.71% | |
| HOOD | C | -6.38% | |
| ONON | B | -5.65% | |
| RIVN | F | -5.36% | |
| CNM | F | -3.85% | |
| DUOL | B | -3.75% | |
| CRBG | D | -3.65% | |
| RYAN | C | -3.27% | |
| GTLB | D | -2.62% | |
| S | C | -2.6% | |
| GFS | F | -2.08% | |
| TPG | B | -2.03% | |
| HCP | A | -1.61% | |
| BROS | D | -1.4% | |
| NUVL | C | -1.31% | |
| BRZE | F | -1.12% | |
| BIRK | D | -0.97% | |
| RDDT | D | -0.72% | |
| PWSC | C | -0.66% | |
| FLNC | C | -0.52% | |
| ACT | A | -0.51% | |
| RBRK | F | -0.38% | |
| BLCO | B | -0.33% | |
| INST | D | -0.25% | |
| ZK | F | -0.17% |
CLDL: Top Represented Industries & Keywords
IPO: Top Represented Industries & Keywords
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