IUCD.L vs. CDIS.L
IUCD.L (iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating) and CDIS.L (State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF) are both Consumer Discretionary Equities funds - IUCD.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, IUCD.L returned 12.54%/yr vs 5.98%/yr for CDIS.L. A 0.62 correlation means they provide meaningful diversification when combined. IUCD.L charges 0.15%/yr vs 0.18%/yr for CDIS.L.
Performance
IUCD.L vs. CDIS.L - Performance Comparison
Loading charts...
Different Trading Currencies
IUCD.L is traded in USD, while CDIS.L is traded in EUR. To make them comparable, the CDIS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUCD.L achieves a -1.54% return, which is significantly higher than CDIS.L's -10.59% return. Over the past 10 years, IUCD.L has outperformed CDIS.L with an annualized return of 12.54%, while CDIS.L has yielded a comparatively lower 5.98% annualized return.
IUCD.L
- 1D
- -1.71%
- 1M
- -0.72%
- 6M
- -3.31%
- YTD
- -1.54%
- 1Y
- 8.26%
- 3Y*
- 12.80%
- 5Y*
- 6.72%
- 10Y*
- 12.54%
CDIS.L
- 1D
- -1.16%
- 1M
- -0.98%
- 6M
- -6.78%
- YTD
- -10.59%
- 1Y
- -2.32%
- 3Y*
- -2.18%
- 5Y*
- -0.97%
- 10Y*
- 5.98%
IUCD.L vs. CDIS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUCD.L iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating | -1.54% | 6.62% | 30.86% | 43.62% | -37.19% | 24.43% | 33.47% | 26.80% | 0.16% | 21.86% |
CDIS.L State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF | -10.59% | 15.65% | -2.76% | 18.78% | -20.83% | 14.11% | 15.50% | 29.88% | -18.16% | 26.12% |
Correlation
The correlation between IUCD.L and CDIS.L is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.62 |
The correlation between IUCD.L and CDIS.L has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IUCD.L vs. CDIS.L — Risk / Return Rank
IUCD.L
CDIS.L
IUCD.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 Accumulating (IUCD.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.
| IUCD.L | CDIS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.00 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | -0.11 | +0.66 |
| Martin ratioReturn relative to average drawdown | 1.56 | -0.25 | +1.81 |
Loading charts...
Drawdowns
IUCD.L vs. CDIS.L - Drawdown Comparison
The maximum IUCD.L drawdown since its inception was -40.70%, roughly equal to the maximum CDIS.L drawdown of -42.54%. Use the drawdown chart below to compare losses from any high point for IUCD.L and CDIS.L.
Loading charts...
Drawdown Indicators
| IUCD.L | CDIS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.70% | -42.54% | +1.84% |
Max Drawdown (1Y)Largest decline over 1 year | -14.85% | -21.06% | +6.21% |
Max Drawdown (3Y)Largest decline over 3 years | -26.70% | -21.35% | -5.35% |
Max Drawdown (5Y)Largest decline over 5 years | -40.70% | -39.86% | -0.84% |
Max Drawdown (10Y)Largest decline over 10 years | -40.70% | -42.54% | +1.84% |
Current DrawdownCurrent decline from peak | -5.24% | -11.91% | +6.67% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -11.70% | +2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.27% | 9.37% | -4.10% |
Volatility
IUCD.L vs. CDIS.L - Volatility Comparison
iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating (IUCD.L) has a higher volatility of 6.53% compared to State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF (CDIS.L) at 5.89%. This indicates that IUCD.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.
Loading charts...
Volatility by Period
| IUCD.L | CDIS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.53% | 5.89% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 15.33% | 17.16% | -1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 21.10% | -2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.11% | 23.99% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.15% | 22.48% | -1.33% |
IUCD.L vs. CDIS.L - Expense Ratio Comparison
IUCD.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
IUCD.L vs. CDIS.L - Dividend Comparison
Neither IUCD.L nor CDIS.L has paid dividends to shareholders.
Frequently Asked Questions
IUCD.L and CDIS.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUCD.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUCD.L is cheaper with a 0.15% expense ratio, compared with 0.18% for CDIS.L.
IUCD.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 IUCD.L and 0.18% for CDIS.L.
Find the right allocation for IUCD.L and CDIS.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer