EBIZ.L vs. ICDU.L
EBIZ.L (Global X E-commerce UCITS ETF USD (Acc)) and ICDU.L (iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc)) are both Consumer Discretionary Equities funds - EBIZ.L tracks the Solactive E-commerce v2 Index while ICDU.L tracks the S&P 500 Capped 35/20 Consumer Discretionary Index. Both are passively managed. Over the past 3 years, EBIZ.L returned 14.98%/yr vs 13.53%/yr for ICDU.L. A 0.69 correlation means they provide meaningful diversification when combined. EBIZ.L charges 0.50%/yr vs 0.15%/yr for ICDU.L.
Performance
EBIZ.L vs. ICDU.L - Performance Comparison
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Different Trading Currencies
EBIZ.L is traded in USD, while ICDU.L is traded in GBp. To make them comparable, the ICDU.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EBIZ.L achieves a -9.29% return, which is significantly lower than ICDU.L's 0.44% return.
EBIZ.L
- 1D
- -0.33%
- 1M
- 6.37%
- 6M
- -12.15%
- YTD
- -9.29%
- 1Y
- -4.24%
- 3Y*
- 14.98%
- 5Y*
- —
- 10Y*
- —
ICDU.L
- 1D
- 2.26%
- 1M
- 0.38%
- 6M
- -1.34%
- YTD
- 0.44%
- 1Y
- 10.07%
- 3Y*
- 13.53%
- 5Y*
- 7.21%
- 10Y*
- 12.80%
EBIZ.L vs. ICDU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EBIZ.L Global X E-commerce UCITS ETF USD (Acc) | -9.29% | 18.17% | 30.42% | 32.47% | -41.59% | -14.92% |
ICDU.L iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc) | 0.44% | 6.72% | 30.84% | 42.88% | -37.19% | 0.79% |
Correlation
The correlation between EBIZ.L and ICDU.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.69 |
The correlation between EBIZ.L and ICDU.L has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.
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Return for Risk
EBIZ.L vs. ICDU.L — Risk / Return Rank
EBIZ.L
ICDU.L
EBIZ.L vs. ICDU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X E-commerce UCITS ETF USD (Acc) (EBIZ.L) and iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc) (ICDU.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.
| EBIZ.L | ICDU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.10 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 0.67 | -0.81 |
| Martin ratioReturn relative to average drawdown | -0.24 | 1.93 | -2.17 |
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Drawdowns
EBIZ.L vs. ICDU.L - Drawdown Comparison
The maximum EBIZ.L drawdown since its inception was -56.06%, which is greater than ICDU.L's maximum drawdown of -44.68%. Use the drawdown chart below to compare losses from any high point for EBIZ.L and ICDU.L.
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Drawdown Indicators
| EBIZ.L | ICDU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.06% | -44.68% | -11.38% |
Max Drawdown (1Y)Largest decline over 1 year | -26.87% | -14.99% | -11.88% |
Max Drawdown (3Y)Largest decline over 3 years | -26.87% | -26.60% | -0.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.66% | — |
Current DrawdownCurrent decline from peak | -16.87% | -3.33% | -13.54% |
Average DrawdownAverage peak-to-trough decline | -27.43% | -14.79% | -12.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.11% | 5.21% | +9.90% |
Volatility
EBIZ.L vs. ICDU.L - Volatility Comparison
Global X E-commerce UCITS ETF USD (Acc) (EBIZ.L) and iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc) (ICDU.L) have volatilities of 6.78% and 6.79%, 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
| EBIZ.L | ICDU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.78% | 6.79% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 17.02% | 14.47% | +2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.87% | 18.35% | +2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.68% | 26.07% | +2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.68% | 25.39% | +3.29% |
EBIZ.L vs. ICDU.L - Expense Ratio Comparison
EBIZ.L has a 0.50% expense ratio, which is higher than ICDU.L's 0.15% expense ratio.
Dividends
EBIZ.L vs. ICDU.L - Dividend Comparison
Neither EBIZ.L nor ICDU.L has paid dividends to shareholders.
Frequently Asked Questions
EBIZ.L and ICDU.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICDU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICDU.L is cheaper with a 0.15% expense ratio, compared with 0.50% for EBIZ.L.
EBIZ.L tracks Solactive E-commerce v2 Index, while ICDU.L tracks S&P 500 Capped 35/20 Consumer Discretionary Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for EBIZ.L and 0.15% for ICDU.L.
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