CDIS.L vs. SXLY.L
CDIS.L (State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF) and SXLY.L (SPDR S&P US Consumer Discretionary Select Sector UCITS ETF) are both Consumer Discretionary Equities funds from State Street - CDIS.L tracks the MSCI Europe Consumer Discretionary 35/20 Capped Index while SXLY.L tracks the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. Both are passively managed. Over the past 10 years, CDIS.L returned 5.68%/yr vs 12.78%/yr for SXLY.L. A 0.61 correlation means they provide meaningful diversification when combined. CDIS.L charges 0.18%/yr vs 0.15%/yr for SXLY.L.
Performance
CDIS.L vs. SXLY.L - Performance Comparison
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Different Trading Currencies
CDIS.L is traded in EUR, while SXLY.L is traded in USD. To make them comparable, the SXLY.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 SXLY.L's 3.08% return. Over the past 10 years, CDIS.L has underperformed SXLY.L with an annualized return of 5.68%, while SXLY.L has yielded a comparatively higher 12.78% 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%
SXLY.L
- 1D
- 1.46%
- 1M
- 1.20%
- 6M
- 0.01%
- YTD
- 3.08%
- 1Y
- 11.93%
- 3Y*
- 12.58%
- 5Y*
- 9.06%
- 10Y*
- 12.78%
CDIS.L vs. SXLY.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% |
SXLY.L SPDR S&P US Consumer Discretionary Select Sector UCITS ETF | 3.08% | -4.51% | 37.74% | 37.29% | -30.35% | 37.53% | 17.75% | 30.75% | 5.96% | 6.77% |
Correlation
The correlation between CDIS.L and SXLY.L is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2015 | 0.61 |
The correlation between CDIS.L and SXLY.L shifts across timeframes, from 0.51 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CDIS.L vs. SXLY.L — Risk / Return Rank
CDIS.L
SXLY.L
CDIS.L vs. SXLY.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 SPDR S&P US Consumer Discretionary Select Sector UCITS ETF (SXLY.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 | SXLY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.12 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.85 | -0.87 |
| Martin ratioReturn relative to average drawdown | -0.06 | 2.29 | -2.35 |
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Drawdowns
CDIS.L vs. SXLY.L - Drawdown Comparison
The maximum CDIS.L drawdown since its inception was -41.60%, which is greater than SXLY.L's maximum drawdown of -37.07%. Use the drawdown chart below to compare losses from any high point for CDIS.L and SXLY.L.
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Drawdown Indicators
| CDIS.L | SXLY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.60% | -37.07% | -4.53% |
Max Drawdown (1Y)Largest decline over 1 year | -20.58% | -14.05% | -6.53% |
Max Drawdown (3Y)Largest decline over 3 years | -26.56% | -29.19% | +2.63% |
Max Drawdown (5Y)Largest decline over 5 years | -30.15% | -34.07% | +3.92% |
Max Drawdown (10Y)Largest decline over 10 years | -41.60% | -37.07% | -4.53% |
Current DrawdownCurrent decline from peak | -15.58% | -5.92% | -9.66% |
Average DrawdownAverage peak-to-trough decline | -10.27% | -8.32% | -1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 5.20% | +4.01% |
Volatility
CDIS.L vs. SXLY.L - Volatility Comparison
The current volatility for State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF (CDIS.L) is 5.59%, while SPDR S&P US Consumer Discretionary Select Sector UCITS ETF (SXLY.L) has a volatility of 6.51%. This indicates that CDIS.L experiences smaller price fluctuations and is considered to be less risky than SXLY.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 | SXLY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.59% | 6.51% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 16.03% | 15.35% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.31% | 19.35% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.96% | 22.48% | -1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.30% | 21.39% | -1.09% |
CDIS.L vs. SXLY.L - Expense Ratio Comparison
CDIS.L has a 0.18% expense ratio, which is higher than SXLY.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. SXLY.L - Dividend Comparison
Neither CDIS.L nor SXLY.L has paid dividends to shareholders.
Frequently Asked Questions
CDIS.L and SXLY.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXLY.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXLY.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 SXLY.L tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. Their fees differ too: 0.18% for CDIS.L and 0.15% for SXLY.L.
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