CDIS.L vs. SPY5.L
CDIS.L (State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF) and SPY5.L (State Street SPDR S&P 500 UCITS ETF (Dist)) are both exchange-traded funds - CDIS.L is a Consumer Discretionary Equities fund tracking the MSCI Europe Consumer Discretionary 35/20 Capped Index, while SPY5.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, CDIS.L returned 5.68%/yr vs 14.25%/yr for SPY5.L. A 0.59 correlation means they provide meaningful diversification when combined. CDIS.L charges 0.18%/yr vs 0.03%/yr for SPY5.L.
Performance
CDIS.L vs. SPY5.L - Performance Comparison
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Different Trading Currencies
CDIS.L is traded in EUR, while SPY5.L is traded in USD. To make them comparable, the SPY5.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 SPY5.L's 12.89% return. Over the past 10 years, CDIS.L has underperformed SPY5.L with an annualized return of 5.68%, while SPY5.L has yielded a comparatively higher 14.25% 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%
SPY5.L
- 1D
- -0.26%
- 1M
- 1.11%
- 6M
- 11.50%
- YTD
- 12.89%
- 1Y
- 23.17%
- 3Y*
- 19.16%
- 5Y*
- 13.66%
- 10Y*
- 14.25%
CDIS.L vs. SPY5.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% |
SPY5.L State Street SPDR S&P 500 UCITS ETF (Dist) | 12.89% | 3.49% | 33.64% | 22.84% | -13.64% | 38.95% | 7.83% | 33.37% | -2.25% | 6.24% |
Correlation
The correlation between CDIS.L and SPY5.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2014 | 0.59 |
Over the past year, the correlation between CDIS.L and SPY5.L has dropped to 0.38 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
CDIS.L vs. SPY5.L — Risk / Return Rank
CDIS.L
SPY5.L
CDIS.L vs. SPY5.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 State Street SPDR S&P 500 UCITS ETF (Dist) (SPY5.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 | SPY5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.34 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 3.28 | -3.30 |
| Martin ratioReturn relative to average drawdown | -0.06 | 11.12 | -11.18 |
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Drawdowns
CDIS.L vs. SPY5.L - Drawdown Comparison
The maximum CDIS.L drawdown since its inception was -41.60%, which is greater than SPY5.L's maximum drawdown of -33.39%. Use the drawdown chart below to compare losses from any high point for CDIS.L and SPY5.L.
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Drawdown Indicators
| CDIS.L | SPY5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.60% | -33.39% | -8.21% |
Max Drawdown (1Y)Largest decline over 1 year | -20.58% | -7.04% | -13.54% |
Max Drawdown (3Y)Largest decline over 3 years | -26.56% | -22.49% | -4.07% |
Max Drawdown (5Y)Largest decline over 5 years | -30.15% | -22.49% | -7.66% |
Max Drawdown (10Y)Largest decline over 10 years | -41.60% | -33.39% | -8.21% |
Current DrawdownCurrent decline from peak | -15.58% | -0.60% | -14.98% |
Average DrawdownAverage peak-to-trough decline | -10.27% | -3.98% | -6.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 2.08% | +7.13% |
Volatility
CDIS.L vs. SPY5.L - Volatility Comparison
State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF (CDIS.L) has a higher volatility of 5.59% compared to State Street SPDR S&P 500 UCITS ETF (Dist) (SPY5.L) at 2.86%. This indicates that CDIS.L's price experiences larger fluctuations and is considered to be riskier than SPY5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDIS.L | SPY5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.59% | 2.86% | +2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 16.03% | 9.26% | +6.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.31% | 12.63% | +6.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.96% | 15.96% | +5.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.30% | 16.69% | +3.61% |
CDIS.L vs. SPY5.L - Expense Ratio Comparison
CDIS.L has a 0.18% expense ratio, which is higher than SPY5.L's 0.03% 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. SPY5.L - Dividend Comparison
CDIS.L has not paid dividends to shareholders, while SPY5.L's dividend yield for the trailing twelve months is around 0.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDIS.L State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY5.L State Street SPDR S&P 500 UCITS ETF (Dist) | 0.91% | 0.97% | 1.06% | 1.19% | 1.40% | 0.99% | 1.28% | 1.44% | 0.40% | 1.14% | 1.64% | 1.73% |
Frequently Asked Questions
CDIS.L and SPY5.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY5.L is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY5.L is cheaper with a 0.03% expense ratio, compared with 0.18% for CDIS.L.
CDIS.L is categorized as Consumer Discretionary Equities, while SPY5.L is S&P 500. CDIS.L tracks MSCI Europe Consumer Discretionary 35/20 Capped Index, while SPY5.L tracks S&P 500 Index. Their fees differ too: 0.18% for CDIS.L and 0.03% for SPY5.L.
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