ICDU.L vs. CDIS.L
ICDU.L (iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc)) and CDIS.L (State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF) are both Consumer Discretionary Equities funds - ICDU.L tracks the S&P 500 Capped 35/20 Consumer Discretionary Index while CDIS.L tracks the MSCI Europe Consumer Discretionary 35/20 Capped Index. Both are passively managed. Over the past 10 years, ICDU.L returned 12.28%/yr vs 5.70%/yr for CDIS.L. A 0.56 correlation means they provide meaningful diversification when combined. ICDU.L charges 0.15%/yr vs 0.18%/yr for CDIS.L.
Performance
ICDU.L vs. CDIS.L - Performance Comparison
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Different Trading Currencies
ICDU.L is traded in GBp, while CDIS.L is traded in EUR. To make them comparable, the CDIS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ICDU.L achieves a -1.33% return, which is significantly higher than CDIS.L's -10.46% return. Over the past 10 years, ICDU.L has outperformed CDIS.L with an annualized return of 12.28%, while CDIS.L has yielded a comparatively lower 5.70% annualized return.
ICDU.L
- 1D
- -1.47%
- 1M
- -1.00%
- 6M
- -3.73%
- YTD
- -1.33%
- 1Y
- 8.02%
- 3Y*
- 11.76%
- 5Y*
- 7.30%
- 10Y*
- 12.28%
CDIS.L
- 1D
- -0.99%
- 1M
- -2.19%
- 6M
- -7.32%
- YTD
- -10.46%
- 1Y
- -2.59%
- 3Y*
- -3.20%
- 5Y*
- -0.52%
- 10Y*
- 5.70%
ICDU.L vs. CDIS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICDU.L iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc) | -1.33% | -0.77% | 33.05% | 35.72% | -29.67% | 25.98% | 28.95% | 22.82% | 5.76% | 11.20% |
CDIS.L State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF | -10.46% | 7.41% | -1.06% | 12.84% | -11.41% | 15.19% | 12.11% | 24.94% | -13.31% | 15.21% |
Correlation
The correlation between ICDU.L and CDIS.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.56 |
The correlation between ICDU.L and CDIS.L has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.
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Return for Risk
ICDU.L vs. CDIS.L — Risk / Return Rank
ICDU.L
CDIS.L
ICDU.L vs. CDIS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc) (ICDU.L) and State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF (CDIS.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.
| ICDU.L | CDIS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.99 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | -0.12 | +0.69 |
| Martin ratioReturn relative to average drawdown | 1.49 | -0.25 | +1.74 |
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Drawdowns
ICDU.L vs. CDIS.L - Drawdown Comparison
The maximum ICDU.L drawdown since its inception was -42.16%, which is greater than CDIS.L's maximum drawdown of -35.47%. Use the drawdown chart below to compare losses from any high point for ICDU.L and CDIS.L.
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Drawdown Indicators
| ICDU.L | CDIS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.16% | -35.47% | -6.69% |
Max Drawdown (1Y)Largest decline over 1 year | -14.03% | -21.89% | +7.86% |
Max Drawdown (3Y)Largest decline over 3 years | -27.64% | -23.45% | -4.19% |
Max Drawdown (5Y)Largest decline over 5 years | -33.84% | -29.11% | -4.73% |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | -35.47% | +1.63% |
Current DrawdownCurrent decline from peak | -6.58% | -14.42% | +7.84% |
Average DrawdownAverage peak-to-trough decline | -12.85% | -8.33% | -4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.37% | 10.37% | -5.00% |
Volatility
ICDU.L vs. CDIS.L - Volatility Comparison
iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc) (ICDU.L) has a higher volatility of 6.47% compared to State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF (CDIS.L) at 5.46%. This indicates that ICDU.L's price experiences larger fluctuations and is considered to be riskier than CDIS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICDU.L | CDIS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.47% | 5.46% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.63% | 16.14% | -2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.30% | 19.42% | -2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.05% | 21.00% | +4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.85% | 20.18% | +4.67% |
ICDU.L vs. CDIS.L - Expense Ratio Comparison
ICDU.L has a 0.15% expense ratio, which is lower than CDIS.L's 0.18% 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
ICDU.L vs. CDIS.L - Dividend Comparison
Neither ICDU.L nor CDIS.L has paid dividends to shareholders.
Frequently Asked Questions
ICDU.L and CDIS.L have a correlation of 0.48, 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 0.18% for CDIS.L.
ICDU.L tracks S&P 500 Capped 35/20 Consumer Discretionary Index, while CDIS.L tracks MSCI Europe Consumer Discretionary 35/20 Capped Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.15% for ICDU.L and 0.18% for CDIS.L.
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