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ICDU.L vs. IUCD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ICDU.L vs. IUCD.L

Last updated Jun 5, 2026

ICDU.L (iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc)) and IUCD.L (iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating) are both Consumer Discretionary Equities funds from iShares tracking the S&P 500 Capped 35/20 Consumer Discretionary Index. Both are passively managed. Over the past 10 years, ICDU.L returned 13.79%/yr vs 13.76%/yr for IUCD.L. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.

Performance

ICDU.L vs. IUCD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc) (ICDU.L) and iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating (IUCD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ICDU.L is traded in GBp, while IUCD.L is traded in USD. To make them comparable, the IUCD.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 -0.52% return, which is significantly higher than IUCD.L's -0.63% return. Both investments have delivered pretty close results over the past 10 years, with ICDU.L having a 13.79% annualized return and IUCD.L not far behind at 13.76%.

ICDU.L

1D
0.54%
1M
-0.10%
YTD
-0.52%
6M
0.18%
1Y
13.34%
3Y*
14.04%
5Y*
9.32%
10Y*
13.79%

IUCD.L

1D
0.39%
1M
-0.45%
YTD
-0.63%
6M
-0.19%
1Y
12.95%
3Y*
14.05%
5Y*
9.28%
10Y*
13.76%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ICDU.L vs. IUCD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ICDU.L
iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc)		-0.52%-0.77%33.05%35.72%-29.67%25.98%28.95%22.82%5.56%11.41%
IUCD.L
iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating		-0.63%-0.97%33.10%36.44%-29.72%25.61%29.55%22.03%5.23%11.12%

Correlation

The correlation between ICDU.L and IUCD.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.96

Correlation (3Y)
Calculated over the trailing 3-year period

0.96

Correlation (5Y)
Calculated over the trailing 5-year period

0.96

Correlation (10Y)
Calculated over the trailing 10-year period

0.90

Correlation (All Time)
Calculated using the full available price history since Dec 9, 2015

0.88

The correlation between ICDU.L and IUCD.L has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.

ICDU.L vs. IUCD.L - Sectors Allocation Comparison

Sectors
ICDU.L
IUCD.L

Consumer Cyclical

97.6%
97.7%

Communication Services

1.3%
1.2%

Technology

0.8%
0.8%

Industrials

0.1%
0.1%

Basic Materials

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Healthcare

-

-

Real Estate

-

-

Utilities

-

-

Consumer Cyclical

ICDU.L
97.6%
IUCD.L
97.7%

Communication Services

ICDU.L
1.3%
IUCD.L
1.2%

Technology

ICDU.L
0.8%
IUCD.L
0.8%

Industrials

ICDU.L
0.1%
IUCD.L
0.1%

Basic Materials

ICDU.L

-

IUCD.L

-

Consumer Defensive

ICDU.L

-

IUCD.L

-

Energy

ICDU.L

-

IUCD.L

-

Financial Services

ICDU.L

-

IUCD.L

-

Healthcare

ICDU.L

-

IUCD.L

-

Real Estate

ICDU.L

-

IUCD.L

-

Utilities

ICDU.L

-

IUCD.L

-

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iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc)

iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating

Often compared with ICDU.L:
ICDU.L vs. SXLY.LICDU.L vs. XDWC.LICDU.L vs. VCRICDU.L vs. SCHDICDU.L vs. QQQICDU.L vs. XLYICDU.L vs. SPY
Often compared with IUCD.L:
IUCD.L vs. CSKR.LIUCD.L vs. XLYP.LIUCD.L vs. GLDIUCD.L vs. CDCE.LIUCD.L vs. XSCD.LIUCD.L vs. SMHIUCD.L vs. ESIC.L

Return for Risk

ICDU.L vs. IUCD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ICDU.L
ICDU.L Risk / Return Rank: 2222
Overall Rank
ICDU.L Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
ICDU.L Sortino Ratio Rank: 2323
Sortino Ratio Rank
ICDU.L Omega Ratio Rank: 2222
Omega Ratio Rank
ICDU.L Calmar Ratio Rank: 2222
Calmar Ratio Rank
ICDU.L Martin Ratio Rank: 2222
Martin Ratio Rank
IUCD.L
IUCD.L Risk / Return Rank: 2020
Overall Rank
IUCD.L Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
IUCD.L Sortino Ratio Rank: 2020
Sortino Ratio Rank
IUCD.L Omega Ratio Rank: 1919
Omega Ratio Rank
IUCD.L Calmar Ratio Rank: 1919
Calmar Ratio Rank
IUCD.L Martin Ratio Rank: 2121
Martin Ratio Rank
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.

ICDU.L vs. IUCD.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 iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating (IUCD.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.

ICDU.LIUCD.LDifference
Sharpe ratioReturn per unit of total volatility
0.80
0.72

+0.08

Sortino ratioReturn per unit of downside risk
1.21
1.11

+0.10

Omega ratioGain probability vs. loss probability

1.15

1.14

+0.01

Calmar ratioReturn relative to maximum drawdown

0.95

0.93

+0.02

Martin ratioReturn relative to average drawdown

2.61

2.52

+0.08

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ICDU.L vs. IUCD.L - Sharpe Ratio Comparison

The current ICDU.L Sharpe Ratio is 0.80, which is comparable to the IUCD.L Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of ICDU.L and IUCD.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.

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Sharpe Ratios by Period

ICDU.LIUCD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.80

0.72

+0.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.44

0.42

+0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.68

0.69

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.66

0.68

-0.02

Drawdowns

ICDU.L vs. IUCD.L - Drawdown Comparison

The maximum ICDU.L drawdown since its inception was -33.84%, roughly equal to the maximum IUCD.L drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for ICDU.L and IUCD.L.

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Drawdown Indicators

ICDU.LIUCD.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.84%

-33.91%

+0.07%

Max Drawdown (1Y)

Largest decline over 1 year

-14.03%

-13.90%

-0.13%

Max Drawdown (3Y)

Largest decline over 3 years

-27.64%

-28.00%

+0.36%

Max Drawdown (5Y)

Largest decline over 5 years

-33.84%

-33.91%

+0.07%

Max Drawdown (10Y)

Largest decline over 10 years

-33.84%

-33.91%

+0.07%

Current Drawdown

Current decline from peak

-5.81%

-6.37%

+0.56%

Average Drawdown

Average peak-to-trough decline

-7.67%

-8.60%

+0.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.10%

5.12%

-0.02%

Volatility

ICDU.L vs. IUCD.L - Volatility Comparison

The current volatility for iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc) (ICDU.L) is 5.13%, while iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating (IUCD.L) has a volatility of 5.95%. This indicates that ICDU.L experiences smaller price fluctuations and is considered to be less risky than IUCD.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.LIUCD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.13%

5.95%

-0.82%

Volatility (6M)

Calculated over the trailing 6-month period

12.59%

13.94%

-1.35%

Volatility (1Y)

Calculated over the trailing 1-year period

16.68%

18.01%

-1.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.06%

22.24%

-1.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.15%

22.56%

-2.41%

ICDU.L vs. IUCD.L - Expense Ratio Comparison

Both ICDU.L and IUCD.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

ICDU.L vs. IUCD.L - Dividend Comparison

Neither ICDU.L nor IUCD.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.96, ICDU.L and IUCD.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

ICDU.L and IUCD.L have the same expense ratio: 0.15% per year.

Both ETFs track S&P 500 Capped 35/20 Consumer Discretionary Index.

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