ICDU.L vs. EBIZ.L
ICDU.L (iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc)) and EBIZ.L (Global X E-commerce UCITS ETF USD (Acc)) are both Consumer Discretionary Equities funds - ICDU.L tracks the S&P 500 Capped 35/20 Consumer Discretionary Index while EBIZ.L tracks the Solactive E-commerce v2 Index. Both are passively managed. Over the past 3 years, ICDU.L returned 11.76%/yr vs 13.18%/yr for EBIZ.L. A 0.67 correlation means they provide meaningful diversification when combined. ICDU.L charges 0.15%/yr vs 0.50%/yr for EBIZ.L.
Performance
ICDU.L vs. EBIZ.L - Performance Comparison
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Different Trading Currencies
ICDU.L is traded in GBp, while EBIZ.L is traded in USD. To make them comparable, the EBIZ.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 EBIZ.L's -9.90% 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%
EBIZ.L
- 1D
- -1.26%
- 1M
- 4.05%
- 6M
- -11.98%
- YTD
- -9.90%
- 1Y
- -6.06%
- 3Y*
- 13.18%
- 5Y*
- —
- 10Y*
- —
ICDU.L vs. EBIZ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ICDU.L iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc) | -1.33% | -0.77% | 33.05% | 35.72% | -29.67% | -0.13% |
EBIZ.L Global X E-commerce UCITS ETF USD (Acc) | -9.90% | 9.75% | 32.70% | 25.85% | -34.65% | -15.58% |
Correlation
The correlation between ICDU.L and EBIZ.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.67 |
The correlation between ICDU.L and EBIZ.L has been stable across timeframes, ranging from 0.62 to 0.67 - a consistent structural relationship.
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Return for Risk
ICDU.L vs. EBIZ.L — Risk / Return Rank
ICDU.L
EBIZ.L
ICDU.L vs. EBIZ.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 Global X E-commerce UCITS ETF USD (Acc) (EBIZ.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 | EBIZ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.97 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | -0.24 | +0.81 |
| Martin ratioReturn relative to average drawdown | 1.49 | -0.41 | +1.90 |
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Drawdowns
ICDU.L vs. EBIZ.L - Drawdown Comparison
The maximum ICDU.L drawdown since its inception was -42.16%, smaller than the maximum EBIZ.L drawdown of -47.68%. Use the drawdown chart below to compare losses from any high point for ICDU.L and EBIZ.L.
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Drawdown Indicators
| ICDU.L | EBIZ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.16% | -47.68% | +5.52% |
Max Drawdown (1Y)Largest decline over 1 year | -14.03% | -25.44% | +11.41% |
Max Drawdown (3Y)Largest decline over 3 years | -27.64% | -27.10% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -33.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | — | — |
Current DrawdownCurrent decline from peak | -6.58% | -17.29% | +10.71% |
Average DrawdownAverage peak-to-trough decline | -12.85% | -24.73% | +11.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.37% | 14.72% | -9.35% |
Volatility
ICDU.L vs. EBIZ.L - Volatility Comparison
iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc) (ICDU.L) and Global X E-commerce UCITS ETF USD (Acc) (EBIZ.L) have volatilities of 6.47% and 6.80%, 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
| ICDU.L | EBIZ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.47% | 6.80% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 13.63% | 16.82% | -3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.30% | 20.38% | -3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.05% | 27.35% | -2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.85% | 27.35% | -2.50% |
ICDU.L vs. EBIZ.L - Expense Ratio Comparison
ICDU.L has a 0.15% expense ratio, which is lower than EBIZ.L's 0.50% expense ratio.
Dividends
ICDU.L vs. EBIZ.L - Dividend Comparison
Neither ICDU.L nor EBIZ.L has paid dividends to shareholders.
Frequently Asked Questions
ICDU.L and EBIZ.L have a correlation of 0.64, 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.
ICDU.L tracks S&P 500 Capped 35/20 Consumer Discretionary Index, while EBIZ.L tracks Solactive E-commerce v2 Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.15% for ICDU.L and 0.50% for EBIZ.L.
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