CDIS.L vs. WCOD.L

Last updated Jul 16, 2026

CDIS.L (State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF) and WCOD.L (SPDR MSCI World Consumer Discretionary UCITS ETF) are both Consumer Discretionary Equities funds from State Street - CDIS.L tracks the MSCI Europe Consumer Discretionary 35/20 Capped Index while WCOD.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 10.69%/yr for WCOD.L. A 0.70 correlation means they provide meaningful diversification when combined. CDIS.L charges 0.18%/yr vs 0.30%/yr for WCOD.L.

Performance

CDIS.L vs. WCOD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF (CDIS.L) and SPDR MSCI World Consumer Discretionary UCITS ETF (WCOD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CDIS.L is traded in EUR, while WCOD.L is traded in USD. To make them comparable, the WCOD.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 WCOD.L's 0.58% return. Over the past 10 years, CDIS.L has underperformed WCOD.L with an annualized return of 5.68%, while WCOD.L has yielded a comparatively higher 10.69% 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%

WCOD.L

• 1D: 1.28%
• 1M: 1.35%
• 6M: -1.55%
• YTD: 0.58%
• 1Y: 8.19%
• 3Y*: 8.84%
• 5Y*: 5.12%
• 10Y*: 10.69%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CDIS.L vs. WCOD.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%
WCOD.L SPDR MSCI World Consumer Discretionary UCITS ETF	0.58%	-5.26%	30.24%	31.78%	-29.38%	25.98%	25.99%	28.74%	-1.72%	8.75%

Correlation

The correlation between CDIS.L and WCOD.L is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Dec 12, 2014	0.70

The correlation between CDIS.L and WCOD.L has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.

Return for Risk

CDIS.L vs. WCOD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CDIS.L

CDIS.L Risk / Return Rank: 9
CDIS.L Sharpe Ratio Rank: 9
CDIS.L Sortino Ratio Rank: 9
CDIS.L Omega Ratio Rank: 9
CDIS.L Calmar Ratio Rank: 9
CDIS.L Martin Ratio Rank: 9

WCOD.L

WCOD.L Risk / Return Rank: 15
WCOD.L Sharpe Ratio Rank: 16
WCOD.L Sortino Ratio Rank: 16
WCOD.L Omega Ratio Rank: 15
WCOD.L Calmar Ratio Rank: 15
WCOD.L Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CDIS.L vs. WCOD.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 MSCI World Consumer Discretionary UCITS ETF (WCOD.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	WCOD.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	0.45	-0.48
Sortino ratio: Return per unit of downside risk	0.10	0.77	-0.67
Omega ratio: Gain probability vs. loss probability	1.01	1.09	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.03	0.54	-0.57
Martin ratio: Return relative to average drawdown	-0.06	1.40	-1.46

CDIS.L vs. WCOD.L - Sharpe Ratio Comparison

The current CDIS.L Sharpe Ratio is -0.03, which is lower than the WCOD.L Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of CDIS.L and WCOD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CDIS.L vs. WCOD.L - Drawdown Comparison

The maximum CDIS.L drawdown since its inception was -41.60%, which is greater than WCOD.L's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for CDIS.L and WCOD.L.

Drawdown Indicators

	CDIS.L	WCOD.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.60%	-35.05%	-6.55%
Max Drawdown (1Y) Largest decline over 1 year	-20.58%	-15.04%	-5.54%
Max Drawdown (3Y) Largest decline over 3 years	-26.56%	-27.20%	+0.64%
Max Drawdown (5Y) Largest decline over 5 years	-30.15%	-33.41%	+3.26%
Max Drawdown (10Y) Largest decline over 10 years	-41.60%	-35.05%	-6.55%
Current Drawdown Current decline from peak	-15.58%	-8.51%	-7.07%
Average Drawdown Average peak-to-trough decline	-10.27%	-6.63%	-3.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.21%	5.83%	+3.38%

Volatility

CDIS.L vs. WCOD.L - Volatility Comparison

State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF (CDIS.L) and SPDR MSCI World Consumer Discretionary UCITS ETF (WCOD.L) have volatilities of 5.59% and 5.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDIS.L	WCOD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.59%	5.77%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	16.03%	14.54%	+1.49%
Volatility (1Y) Calculated over the trailing 1-year period	19.31%	18.07%	+1.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.96%	20.51%	+0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.30%	19.57%	+0.73%

CDIS.L vs. WCOD.L - Expense Ratio Comparison

CDIS.L has a 0.18% expense ratio, which is lower than WCOD.L's 0.30% expense ratio.

Dividends

CDIS.L vs. WCOD.L - Dividend Comparison

Neither CDIS.L nor WCOD.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CDIS.L and WCOD.L in my portfolio?

CDIS.L and WCOD.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CDIS.L or WCOD.L?

On fees, CDIS.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CDIS.L or WCOD.L?

CDIS.L is cheaper with a 0.18% expense ratio, compared with 0.30% for WCOD.L.

What is the main difference between CDIS.L and WCOD.L?

CDIS.L tracks MSCI Europe Consumer Discretionary 35/20 Capped Index, while WCOD.L tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. Their fees differ too: 0.18% for CDIS.L and 0.30% for WCOD.L.