- ISIN
- IE00BKWQ0C77
- Issuer
- State Street
- Inception Date
- Dec 5, 2014
- Region
- Europe (Broad)
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI Europe Consumer Discretionary 35/20 Capped Index
- Domicile
- Ireland
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
CDIS.L Performance Chart
State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF (CDIS.L) is down 7.4% since the beginning of the year. CDIS.L is currently trading at €163 per share. Investors who bought €1,000 worth of CDIS.L shares 5 years ago would now be looking at an investment worth €991.
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Returns By Period
State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF (CDIS.L) has returned -7.44% so far this year and -0.53% over the past 12 months. Over the last ten years, CDIS.L has returned 5.68% per year, falling short of the S&P 500 Index benchmark, which averaged 12.92% annually.
State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF
- 1D
- 2.59%
- 1M
- -0.99%
- 6M
- -7.40%
- YTD
- -7.44%
- 1Y
- -0.53%
- 3Y*
- -3.14%
- 5Y*
- -0.19%
- 10Y*
- 5.68%
Benchmark (S&P 500 Index)
- 1D
- -0.09%
- 1M
- 1.27%
- 6M
- 10.98%
- YTD
- 13.27%
- 1Y
- 22.64%
- 3Y*
- 18.04%
- 5Y*
- 12.49%
- 10Y*
- 12.92%
CDIS.L Monthly Returns History
Based on dividend-adjusted daily data since Dec 12, 2014, CDIS.L's average daily return is +0.03%, while the average monthly return is +0.57%. At this rate, an investment would double in approximately 10.2 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2020 with a return of +17.0%, while the worst month was Mar 2020 at -18.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, CDIS.L closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +10.6%, while the worst single day was Mar 13, 2020 at -11.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -7.85% | 1.71% | -12.87% | 2.65% | 7.39% | 0.40% | 2.42% | -7.44% | |||||
| 2025 | 7.68% | 1.24% | -12.45% | -3.35% | 4.98% | -4.17% | -0.93% | 2.12% | 3.35% | 2.76% | 0.34% | 1.92% | 1.95% |
| 2024 | 2.21% | 7.46% | 2.04% | -5.18% | 0.86% | -2.69% | -2.95% | 2.83% | 1.32% | -4.72% | -1.28% | 4.50% | 3.66% |
| 2023 | 13.71% | 0.95% | 3.05% | 1.52% | -3.39% | 5.88% | 0.64% | -6.21% | -5.82% | -5.38% | 7.42% | 3.74% | 15.14% |
| 2022 | -3.81% | -7.04% | -6.04% | -3.29% | -0.21% | -6.26% | 11.45% | -5.49% | -7.92% | 4.79% | 13.47% | -3.89% | -15.77% |
| 2021 | -2.08% | 5.11% | 8.07% | 2.74% | 4.70% | 0.38% | -0.20% | -2.89% | -2.34% | 6.63% | -2.61% | 3.73% | 22.45% |
Benchmark Metrics
State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF has an annualized alpha of 2.02%, beta of 0.43, and R2 of 0.15 versus S&P 500 Index. Calculated based on daily prices since December 12, 2014.
- This ETF participated in 100.40% of S&P 500 Index downside but only 73.96% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.43 may look defensive, but with R2 of 0.15 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.15 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.02%
- Beta
- 0.43
- R²
- 0.15
- Upside Capture
- 73.96%
- Downside Capture
- 100.40%
Expense Ratio
CDIS.L has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
CDIS.L ranks 9 for risk / return — in the bottom 9% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF (CDIS.L) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CDIS.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.33 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 3.01 | -3.03 |
| Martin ratioReturn relative to average drawdown | -0.06 | 11.10 | -11.16 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF was 41.60%, occurring on Mar 18, 2020. Recovery took 185 trading sessions.
The current State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF drawdown is 15.58%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-41.60%Mar 2020 | 1mo 28d | 8mo 26d | 10mo 24dJan 2020 - Dec 2020 | COVID crash2020 |
-30.15%Sep 2022 | 10mo 14d | 1y 4mo | 2y 3moNov 2021 - Feb 2024 | Bear market2022 |
-27.85%Jun 2016 | 1y 2mo | 1y 6mo | 2y 9moApr 2015 - Jan 2018 | — |
-26.56%Mar 2026 | 1y 1mo | — | 1y 4moFeb 2025 - now | — |
-23.65%Dec 2018 | 7mo 8d | 10mo 5d | 1y 5moMay 2018 - Oct 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| CDIS.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.60% | -51.17% | +9.57% |
Max Drawdown (1Y)Largest decline over 1 year | -20.58% | -7.57% | -13.01% |
Max Drawdown (3Y)Largest decline over 3 years | -26.56% | -23.99% | -2.57% |
Max Drawdown (5Y)Largest decline over 5 years | -30.15% | -23.99% | -6.16% |
Max Drawdown (10Y)Largest decline over 10 years | -41.60% | -33.42% | -8.18% |
Current DrawdownCurrent decline from peak | -15.58% | -0.52% | -15.06% |
Average DrawdownAverage peak-to-trough decline | -10.27% | -8.90% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 2.04% | +7.17% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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