CDIS.L vs. XDWC.L
CDIS.L (State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF) and XDWC.L (Xtrackers MSCI World Consumer Discretionary UCITS ETF 1C) are both Consumer Discretionary Equities funds - CDIS.L tracks the MSCI Europe Consumer Discretionary 35/20 Capped Index while XDWC.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 XDWC.L. A 0.69 correlation means they provide meaningful diversification when combined. CDIS.L charges 0.18%/yr vs 0.25%/yr for XDWC.L.
Performance
CDIS.L vs. XDWC.L - Performance Comparison
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Different Trading Currencies
CDIS.L is traded in EUR, while XDWC.L is traded in USD. To make them comparable, the XDWC.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 XDWC.L's 0.89% return. Over the past 10 years, CDIS.L has underperformed XDWC.L with an annualized return of 5.68%, while XDWC.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%
XDWC.L
- 1D
- 1.51%
- 1M
- 1.64%
- 6M
- -1.52%
- YTD
- 0.89%
- 1Y
- 8.35%
- 3Y*
- 8.98%
- 5Y*
- 5.16%
- 10Y*
- 10.69%
CDIS.L vs. XDWC.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% |
XDWC.L Xtrackers MSCI World Consumer Discretionary UCITS ETF 1C | 0.89% | -5.39% | 30.30% | 31.86% | -29.38% | 26.17% | 25.81% | 28.76% | -0.70% | 7.45% |
Correlation
The correlation between CDIS.L and XDWC.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2014 | 0.69 |
The correlation between CDIS.L and XDWC.L has been stable across timeframes, ranging from 0.60 to 0.69 - a consistent structural relationship.
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Return for Risk
CDIS.L vs. XDWC.L — Risk / Return Rank
CDIS.L
XDWC.L
CDIS.L vs. XDWC.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 Xtrackers MSCI World Consumer Discretionary UCITS ETF 1C (XDWC.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 | XDWC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.09 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.56 | -0.58 |
| Martin ratioReturn relative to average drawdown | -0.06 | 1.45 | -1.51 |
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Drawdowns
CDIS.L vs. XDWC.L - Drawdown Comparison
The maximum CDIS.L drawdown since its inception was -41.60%, which is greater than XDWC.L's maximum drawdown of -35.23%. Use the drawdown chart below to compare losses from any high point for CDIS.L and XDWC.L.
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Drawdown Indicators
| CDIS.L | XDWC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.60% | -35.23% | -6.37% |
Max Drawdown (1Y)Largest decline over 1 year | -20.58% | -14.93% | -5.65% |
Max Drawdown (3Y)Largest decline over 3 years | -26.56% | -27.34% | +0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -30.15% | -33.45% | +3.30% |
Max Drawdown (10Y)Largest decline over 10 years | -41.60% | -35.23% | -6.37% |
Current DrawdownCurrent decline from peak | -15.58% | -8.30% | -7.28% |
Average DrawdownAverage peak-to-trough decline | -10.27% | -7.09% | -3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 5.74% | +3.47% |
Volatility
CDIS.L vs. XDWC.L - Volatility Comparison
State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF (CDIS.L) and Xtrackers MSCI World Consumer Discretionary UCITS ETF 1C (XDWC.L) have volatilities of 5.59% and 5.51%, 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.
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Volatility by Period
| CDIS.L | XDWC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.59% | 5.51% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 16.03% | 14.37% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.31% | 17.97% | +1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.96% | 20.47% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.30% | 19.48% | +0.82% |
CDIS.L vs. XDWC.L - Expense Ratio Comparison
CDIS.L has a 0.18% expense ratio, which is lower than XDWC.L's 0.25% expense ratio. Despite the difference, 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. XDWC.L - Dividend Comparison
Neither CDIS.L nor XDWC.L has paid dividends to shareholders.
Frequently Asked Questions
CDIS.L and XDWC.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
CDIS.L is cheaper with a 0.18% expense ratio, compared with 0.25% for XDWC.L.
CDIS.L tracks MSCI Europe Consumer Discretionary 35/20 Capped Index, while XDWC.L tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.18% for CDIS.L and 0.25% for XDWC.L.
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