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

IUCD.L vs. SPMO

Last updated Jul 16, 2026
Documentation

IUCD.L (iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - IUCD.L is a Consumer Discretionary Equities fund tracking the S&P 500 Capped 35/20 Consumer Discretionary Index, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 10 years, IUCD.L returned 12.72%/yr vs 20.69%/yr for SPMO. At a 0.37 correlation, their price movements are largely independent. IUCD.L charges 0.15%/yr vs 0.13%/yr for SPMO.

Performance

IUCD.L vs. SPMO - 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 Accumulating (IUCD.L) and Invesco S&P 500 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IUCD.L achieves a 0.06% return, which is significantly lower than SPMO's 26.26% return. Over the past 10 years, IUCD.L has underperformed SPMO with an annualized return of 12.72%, while SPMO has yielded a comparatively higher 20.69% annualized return.

IUCD.L

1D
1.93%
1M
-0.06%
6M
-1.74%
YTD
0.06%
1Y
9.80%
3Y*
13.34%
5Y*
7.06%
10Y*
12.72%

SPMO

1D
-1.87%
1M
-4.82%
6M
26.70%
YTD
26.26%
1Y
34.18%
3Y*
40.65%
5Y*
21.76%
10Y*
20.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUCD.L vs. SPMO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IUCD.L
iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating		0.06%6.62%30.86%43.62%-37.19%24.43%33.47%26.80%0.16%21.86%
SPMO
Invesco S&P 500 Momentum ETF		26.26%26.58%45.82%17.56%-10.45%22.64%28.25%25.93%-0.92%27.76%

Correlation

The correlation between IUCD.L and SPMO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.30

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

0.34

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

0.36

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

0.38

Correlation (All Time)
Calculated using the full available price history since Nov 20, 2015

0.37

IUCD.L vs. SPMO - Sectors Allocation Comparison

Sectors
IUCD.L
SPMO

Consumer Cyclical

97.5%
1.1%

Communication Services

1.4%
8.1%

Technology

0.8%
55.0%

Industrials

0.1%
10.9%

Basic Materials

-

1.8%

Consumer Defensive

-

3.9%

Energy

-

2.8%

Financial Services

-

5.7%

Healthcare

-

6.6%

Real Estate

-

1.0%

Utilities

-

2.7%

Consumer Cyclical

IUCD.L
97.5%
SPMO
1.1%

Communication Services

IUCD.L
1.4%
SPMO
8.1%

Technology

IUCD.L
0.8%
SPMO
55.0%

Industrials

IUCD.L
0.1%
SPMO
10.9%

Basic Materials

IUCD.L

-

SPMO
1.8%

Consumer Defensive

IUCD.L

-

SPMO
3.9%

Energy

IUCD.L

-

SPMO
2.8%

Financial Services

IUCD.L

-

SPMO
5.7%

Healthcare

IUCD.L

-

SPMO
6.6%

Real Estate

IUCD.L

-

SPMO
1.0%

Utilities

IUCD.L

-

SPMO
2.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

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

Invesco S&P 500 Momentum ETF

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
Often compared with SPMO:
SPMO vs. VOOSPMO vs. QQQSPMO vs. SCHGSPMO vs. MTUMSPMO vs. VUGSPMO vs. VFMOSPMO vs. XMMO

Return for Risk

IUCD.L vs. SPMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUCD.L
IUCD.L Risk / Return Rank: 1919
Overall Rank
IUCD.L Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
IUCD.L Sortino Ratio Rank: 1919
Sortino Ratio Rank
IUCD.L Omega Ratio Rank: 1717
Omega Ratio Rank
IUCD.L Calmar Ratio Rank: 1818
Calmar Ratio Rank
IUCD.L Martin Ratio Rank: 2020
Martin Ratio Rank
SPMO
SPMO Risk / Return Rank: 6060
Overall Rank
SPMO Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
SPMO Sortino Ratio Rank: 5353
Sortino Ratio Rank
SPMO Omega Ratio Rank: 5858
Omega Ratio Rank
SPMO Calmar Ratio Rank: 6868
Calmar Ratio Rank
SPMO Martin Ratio Rank: 6666
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.

IUCD.L vs. SPMO - 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 Invesco S&P 500 Momentum ETF (SPMO). 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.LSPMODifference
Sharpe ratioReturn per unit of total volatility
0.51
1.54

-1.02

Sortino ratioReturn per unit of downside risk
0.87
2.09

-1.22

Omega ratioGain probability vs. loss probability

1.10

1.29

-0.19

Calmar ratioReturn relative to maximum drawdown

0.66

2.70

-2.05

Martin ratioReturn relative to average drawdown

1.86

9.49

-7.63

IUCD.L vs. SPMO - Sharpe Ratio Comparison

The current IUCD.L Sharpe Ratio is 0.51, which is lower than the SPMO Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of IUCD.L and SPMO, 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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Drawdowns

IUCD.L vs. SPMO - Drawdown Comparison

The maximum IUCD.L drawdown since its inception was -40.70%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for IUCD.L and SPMO.

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Drawdown Indicators

IUCD.LSPMODifference

Max Drawdown

Largest peak-to-trough decline

-40.70%

-30.95%

-9.75%

Max Drawdown (1Y)

Largest decline over 1 year

-14.85%

-12.70%

-2.15%

Max Drawdown (3Y)

Largest decline over 3 years

-26.70%

-20.13%

-6.57%

Max Drawdown (5Y)

Largest decline over 5 years

-40.70%

-22.74%

-17.96%

Max Drawdown (10Y)

Largest decline over 10 years

-40.70%

-30.95%

-9.75%

Current Drawdown

Current decline from peak

-3.70%

-7.21%

+3.51%

Average Drawdown

Average peak-to-trough decline

-8.74%

-4.59%

-4.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.25%

3.61%

+1.64%

Volatility

IUCD.L vs. SPMO - Volatility Comparison

The current volatility for iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating (IUCD.L) is 6.46%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 11.88%. This indicates that IUCD.L experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IUCD.LSPMODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.46%

11.88%

-5.42%

Volatility (6M)

Calculated over the trailing 6-month period

15.25%

19.96%

-4.71%

Volatility (1Y)

Calculated over the trailing 1-year period

19.04%

22.35%

-3.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.11%

20.28%

+2.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.15%

20.81%

+0.34%

IUCD.L vs. SPMO - Expense Ratio Comparison

IUCD.L has a 0.15% expense ratio, which is higher than SPMO's 0.13% expense ratio. However, 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. SPMO - Dividend Comparison

IUCD.L has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.70%.

PositionTTM20252024202320222021202020192018201720162015
IUCD.L
iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPMO
Invesco S&P 500 Momentum ETF		0.70%0.73%0.48%1.63%1.66%0.52%1.27%1.39%1.05%0.77%1.94%0.36%

Frequently Asked Questions

IUCD.L and SPMO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SPMO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPMO is cheaper with a 0.13% expense ratio, compared with 0.15% for IUCD.L.

IUCD.L is categorized as Consumer Discretionary Equities, while SPMO is Momentum. IUCD.L tracks S&P 500 Capped 35/20 Consumer Discretionary Index, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.15% for IUCD.L and 0.13% for SPMO.

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