CLDL vs. IVES ETF Comparison

Comparison of Direxion Daily Cloud Computing Bull 2X Shares (CLDL) to Wedbush ETFMG Global Cloud Technology ETF (IVES)

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

$9.73

Average Daily Volume

12,814

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IVES

Wedbush ETFMG Global Cloud Technology ETF

IVES Description

The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the “undercover gems” of cloud-based technology. The Fund’s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index. The Dan Ives Global Cloud Technology Prime Index (the “Index”) is an Index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of cloud technology companies. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud – cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as “Cloud Technology Companies.”

Grade (RS Rating)

Last Trade

$46.26

Average Daily Volume

4,051

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CLDL	IVES
30 Days	15.83%	5.39%
60 Days	0.83%	3.75%
90 Days	-8.98%	0.91%
12 Months	14.67%	30.29%

11 Overlapping Holdings

Symbol	Grade	Weight in CLDL	Weight in IVES	Overlap
APPF	B	0.88%	1.75%	0.88%
BLKB	D	0.63%	0.76%	0.63%
BOX	D	0.68%	0.74%	0.68%
DBX	D	1.03%	1.43%	1.03%
DOCN	D	0.34%	0.6%	0.34%
EVBG	B	0.26%	0.28%	0.26%
INFA	B	0.74%	1.8%	0.74%
MSTR	D	4.22%	2.53%	2.53%
NCNO	C	0.39%	0.7%	0.39%
NTNX	D	2.47%	2.67%	2.47%
RNG	D	0.43%	0.5%	0.43%

CLDL Overweight 38 Positions Relative to IVES

Symbol	Grade	Weight
CRWD	A	5.33%
ORCL	A	5.08%
ADBE	B	4.69%
SAP	A	4.5%
NOW	B	4.34%
ADSK	B	4.19%
SNOW	D	3.66%
TEAM	D	3.65%
VEEV	F	3.64%
CRM	C	3.6%
WDAY	D	3.56%
ZS	B	3.07%
ZM	D	2.63%
AKAM	F	2.58%
DOCU	D	2.04%
TWLO	D	1.78%
PAYC	F	1.42%
SPSC	B	1.29%
PCTY	F	1.16%
QLYS	D	0.95%
BILL	F	0.92%
ACIW	A	0.74%
WK	F	0.66%
AI	B	0.56%
ALRM	D	0.56%
FIVN	F	0.56%
BL	D	0.44%
FRSH	D	0.41%
CWAN	C	0.35%
ZUO	D	0.24%
PRO	F	0.23%
MODN	B	0.21%
PYCR	F	0.16%
RDWR	C	0.12%
VMEO	F	0.1%
BLND	D	0.07%
ENFN	D	0.07%
SEMR	D	0.05%

CLDL Underweight 35 Positions Relative to IVES

Symbol	Grade	Weight
OTEX	D	-4.64%
ESTC	B	-4.43%
DDOG	B	-3.22%
NET	B	-3.16%
SMCI	C	-3.15%
NTAP	A	-2.92%
MDB	D	-2.92%
OKTA	C	-2.9%
PSTG	C	-2.8%
IOT	C	-2.57%
GDS	B	-2.17%
CFLT	D	-1.82%
GTLB	D	-1.52%
HCP	A	-1.31%
SMAR	B	-1.16%
KD	B	-1.16%
CVLT	A	-1.01%
KC	F	-0.81%
FROG	B	-0.77%
ZETA	B	-0.73%
VNET	C	-0.67%
TDC	C	-0.65%
NABL	B	-0.55%
INTA	B	-0.51%
APPN	D	-0.43%
PDFS	B	-0.42%
SWI	B	-0.39%
JAMF	D	-0.39%
FSLY	F	-0.2%
GDYN	C	-0.15%
RXT	B	-0.13%
DOMO	C	-0.06%
BLZE	D	-0.05%
EGHT	F	-0.05%
UIS	D	-0.05%