ESIC.L vs. WCOD.L

Last updated Jun 5, 2026

ESIC.L (iShares MSCI Europe Consumer Discretionary Sector UCITS ETF EUR (Acc)) and WCOD.L (SPDR MSCI World Consumer Discretionary UCITS ETF) are both Consumer Discretionary Equities funds tracking the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, from iShares and State Street respectively. Both are passively managed. Over the past 5 years, ESIC.L returned -1.55%/yr vs 5.91%/yr for WCOD.L. At a 0.49 correlation, their price movements are largely independent. ESIC.L charges 0.18%/yr vs 0.30%/yr for WCOD.L.

Performance

ESIC.L vs. WCOD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Europe Consumer Discretionary Sector UCITS ETF EUR (Acc) (ESIC.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

ESIC.L is traded in GBP, while WCOD.L is traded in USD. To make them comparable, the WCOD.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, ESIC.L achieves a -11.67% return, which is significantly lower than WCOD.L's -2.15% return.

ESIC.L

• 1D: 0.48%
• 1M: 7.15%
• YTD: -11.67%
• 6M: -11.51%
• 1Y: -3.34%
• 3Y*: -2.82%
• 5Y*: -1.55%
• 10Y*: —

WCOD.L

• 1D: 0.80%
• 1M: 0.50%
• YTD: -2.15%
• 6M: -1.99%
• 1Y: 9.28%
• 3Y*: 9.99%
• 5Y*: 5.91%
• 10Y*: 11.92%

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

ESIC.L vs. WCOD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ESIC.L iShares MSCI Europe Consumer Discretionary Sector UCITS ETF EUR (Acc)	-11.67%	7.11%	-1.15%	12.93%	-11.01%	14.25%	5.78%
WCOD.L SPDR MSCI World Consumer Discretionary UCITS ETF	-2.15%	0.74%	23.28%	28.97%	-26.19%	19.17%	5.37%

Correlation

The correlation between ESIC.L and WCOD.L is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since Nov 24, 2020	0.49

The correlation between ESIC.L and WCOD.L shifts across timeframes, from 0.46 (5 years) to 0.61 (1 year), reflecting how their relationship changes across market environments.

ESIC.L vs. WCOD.L - Sectors Allocation Comparison

Sectors	ESIC.L	WCOD.L
Consumer Cyclical	95.6%	96.3%
Technology	2.9%	2.9%
Communication Services	1.0%	0.1%
Industrials	0.5%	0.1%
Basic Materials	-	-
Consumer Defensive	-	0.6%
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

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

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

ESIC.L

ESIC.L Risk / Return Rank: 7
ESIC.L Sharpe Ratio Rank: 7
ESIC.L Sortino Ratio Rank: 7
ESIC.L Omega Ratio Rank: 7
ESIC.L Calmar Ratio Rank: 8
ESIC.L Martin Ratio Rank: 7

WCOD.L

WCOD.L Risk / Return Rank: 16
WCOD.L Sharpe Ratio Rank: 16
WCOD.L Sortino Ratio Rank: 17
WCOD.L Omega Ratio Rank: 16
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.

ESIC.L vs. WCOD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Consumer Discretionary Sector UCITS ETF EUR (Acc) (ESIC.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.

	ESIC.L	WCOD.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.17	0.54	-0.71
Sortino ratio: Return per unit of downside risk	-0.12	0.87	-0.99
Omega ratio: Gain probability vs. loss probability	0.99	1.11	-0.12
Calmar ratio: Return relative to maximum drawdown	-0.15	0.61	-0.76
Martin ratio: Return relative to average drawdown	-0.35	1.65	-2.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current ESIC.L Sharpe Ratio is -0.17, which is lower than the WCOD.L Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of ESIC.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.

Sharpe Ratios by Period

	ESIC.L	WCOD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.17	0.54	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	0.36	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.91	-0.79

Drawdowns

ESIC.L vs. WCOD.L - Drawdown Comparison

The maximum ESIC.L drawdown since its inception was -28.93%, roughly equal to the maximum WCOD.L drawdown of -30.32%. Use the drawdown chart below to compare losses from any high point for ESIC.L and WCOD.L.

Drawdown Indicators

	ESIC.L	WCOD.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.93%	-30.32%	+1.39%
Max Drawdown (1Y) Largest decline over 1 year	-21.82%	-15.22%	-6.60%
Max Drawdown (3Y) Largest decline over 3 years	-23.39%	-25.62%	+2.23%
Max Drawdown (5Y) Largest decline over 5 years	-28.93%	-30.32%	+1.39%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.32%	—
Current Drawdown Current decline from peak	-15.64%	-7.15%	-8.49%
Average Drawdown Average peak-to-trough decline	-9.39%	-7.70%	-1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.50%	5.61%	+3.89%

Volatility

ESIC.L vs. WCOD.L - Volatility Comparison

iShares MSCI Europe Consumer Discretionary Sector UCITS ETF EUR (Acc) (ESIC.L) has a higher volatility of 6.36% compared to SPDR MSCI World Consumer Discretionary UCITS ETF (WCOD.L) at 5.73%. This indicates that ESIC.L's price experiences larger fluctuations and is considered to be riskier than WCOD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESIC.L	WCOD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.36%	5.73%	+0.63%
Volatility (6M) Calculated over the trailing 6-month period	15.17%	13.59%	+1.58%
Volatility (1Y) Calculated over the trailing 1-year period	19.03%	17.17%	+1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.84%	22.41%	-1.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.37%	23.71%	-3.34%

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

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

Dividends

ESIC.L vs. WCOD.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

ESIC.L and WCOD.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, ESIC.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, ESIC.L or WCOD.L?

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

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

Both ETFs track Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. They also come from different issuers: iShares and State Street. Their fees differ too: 0.18% for ESIC.L and 0.30% for WCOD.L.