CDIS.L vs. IUCD.L
CDIS.L (State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF) and IUCD.L (iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating) are both Consumer Discretionary Equities funds - CDIS.L tracks the MSCI Europe Consumer Discretionary 35/20 Capped Index while IUCD.L tracks the S&P 500 Capped 35/20 Consumer Discretionary Index. Both are passively managed. Over the past 10 years, CDIS.L returned 5.68%/yr vs 12.29%/yr for IUCD.L. A 0.59 correlation means they provide meaningful diversification when combined. CDIS.L charges 0.18%/yr vs 0.15%/yr for IUCD.L.
Performance
CDIS.L vs. IUCD.L - Performance Comparison
Loading charts...
Different Trading Currencies
CDIS.L is traded in EUR, while IUCD.L is traded in USD. To make them comparable, the IUCD.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CDIS.L achieves a -7.44% return, which is significantly lower than IUCD.L's 2.46% return. Over the past 10 years, CDIS.L has underperformed IUCD.L with an annualized return of 5.68%, while IUCD.L has yielded a comparatively higher 12.29% annualized return.
CDIS.L
- 1D
- 2.59%
- 1M
- -0.99%
- 6M
- -7.40%
- YTD
- -7.44%
- 1Y
- -0.53%
- 3Y*
- -3.14%
- 5Y*
- -0.19%
- 10Y*
- 5.68%
IUCD.L
- 1D
- 1.45%
- 1M
- 0.97%
- 6M
- -0.25%
- YTD
- 2.46%
- 1Y
- 11.03%
- 3Y*
- 12.53%
- 5Y*
- 7.68%
- 10Y*
- 12.29%
CDIS.L vs. IUCD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CDIS.L State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF | -7.44% | 1.95% | 3.66% | 15.14% | -15.77% | 22.45% | 6.11% | 32.46% | -14.16% | 10.49% |
IUCD.L iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating | 2.46% | -6.03% | 39.50% | 39.32% | -33.30% | 33.73% | 22.47% | 29.67% | 4.86% | 6.88% |
Correlation
The correlation between CDIS.L and IUCD.L is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.59 |
The correlation between CDIS.L and IUCD.L has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CDIS.L vs. IUCD.L — Risk / Return Rank
CDIS.L
IUCD.L
CDIS.L vs. IUCD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF (CDIS.L) and iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating (IUCD.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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 | IUCD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.11 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.80 | -0.83 |
| Martin ratioReturn relative to average drawdown | -0.06 | 2.11 | -2.17 |
Loading charts...
Drawdowns
CDIS.L vs. IUCD.L - Drawdown Comparison
The maximum CDIS.L drawdown since its inception was -41.60%, which is greater than IUCD.L's maximum drawdown of -37.25%. Use the drawdown chart below to compare losses from any high point for CDIS.L and IUCD.L.
Loading charts...
Drawdown Indicators
| CDIS.L | IUCD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.60% | -37.25% | -4.35% |
Max Drawdown (1Y)Largest decline over 1 year | -20.58% | -13.74% | -6.84% |
Max Drawdown (3Y)Largest decline over 3 years | -26.56% | -30.61% | +4.05% |
Max Drawdown (5Y)Largest decline over 5 years | -30.15% | -37.25% | +7.10% |
Max Drawdown (10Y)Largest decline over 10 years | -41.60% | -37.25% | -4.35% |
Current DrawdownCurrent decline from peak | -15.58% | -8.81% | -6.77% |
Average DrawdownAverage peak-to-trough decline | -10.27% | -9.37% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 5.21% | +4.00% |
Volatility
CDIS.L vs. IUCD.L - Volatility Comparison
The current volatility for State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF (CDIS.L) is 5.59%, while iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating (IUCD.L) has a volatility of 6.39%. This indicates that CDIS.L experiences smaller price fluctuations and is considered to be less risky than IUCD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CDIS.L | IUCD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.59% | 6.39% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 16.03% | 15.04% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.31% | 19.07% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.96% | 22.86% | -1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.30% | 21.44% | -1.14% |
CDIS.L vs. IUCD.L - Expense Ratio Comparison
CDIS.L has a 0.18% expense ratio, which is higher than IUCD.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CDIS.L vs. IUCD.L - Dividend Comparison
Neither CDIS.L nor IUCD.L has paid dividends to shareholders.
Frequently Asked Questions
CDIS.L and IUCD.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUCD.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUCD.L is cheaper with a 0.15% expense ratio, compared with 0.18% for CDIS.L.
CDIS.L tracks MSCI Europe Consumer Discretionary 35/20 Capped Index, while IUCD.L tracks S&P 500 Capped 35/20 Consumer Discretionary Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for CDIS.L and 0.15% for IUCD.L.
Find the right allocation for CDIS.L and IUCD.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer