SXLY.L vs. ESIC.L

Last updated Jun 5, 2026

SXLY.L (SPDR S&P US Consumer Discretionary Select Sector UCITS ETF) and ESIC.L (iShares MSCI Europe Consumer Discretionary Sector UCITS ETF EUR (Acc)) are both Consumer Discretionary Equities funds tracking the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, from State Street and iShares respectively. Both are passively managed. Over the past 5 years, SXLY.L returned 9.33%/yr vs -2.59%/yr for ESIC.L. A 0.64 correlation means they provide meaningful diversification when combined. SXLY.L charges 0.15%/yr vs 0.18%/yr for ESIC.L.

Performance

SXLY.L vs. ESIC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P US Consumer Discretionary Select Sector UCITS ETF (SXLY.L) and iShares MSCI Europe Consumer Discretionary Sector UCITS ETF EUR (Acc) (ESIC.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SXLY.L is traded in USD, while ESIC.L is traded in GBP. To make them comparable, the ESIC.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SXLY.L achieves a -0.37% return, which is significantly higher than ESIC.L's -11.88% return.

SXLY.L

• 1D: 0.23%
• 1M: -1.91%
• YTD: -0.37%
• 6M: 0.46%
• 1Y: 12.73%
• 3Y*: 17.11%
• 5Y*: 9.33%
• 10Y*: 13.42%

ESIC.L

• 1D: 0.53%
• 1M: 1.41%
• YTD: -11.88%
• 6M: -11.22%
• 1Y: -3.76%
• 3Y*: -0.32%
• 5Y*: -2.59%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SXLY.L vs. ESIC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SXLY.L SPDR S&P US Consumer Discretionary Select Sector UCITS ETF	-0.37%	8.34%	29.22%	41.53%	-34.41%	27.96%	4.32%
ESIC.L iShares MSCI Europe Consumer Discretionary Sector UCITS ETF EUR (Acc)	-11.88%	15.19%	-2.80%	18.89%	-20.52%	13.21%	8.42%

Correlation

The correlation between SXLY.L and ESIC.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	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Nov 24, 2020	0.64

The correlation between SXLY.L and ESIC.L has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.

SXLY.L vs. ESIC.L - Sectors Allocation Comparison

Sectors	SXLY.L	ESIC.L
Consumer Cyclical	99.1%	95.6%
Technology	0.8%	2.9%
Industrials	0.1%	0.5%
Basic Materials	-	-
Communication Services	-	1.0%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

SXLY.L vs. ESIC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SXLY.L

SXLY.L Risk / Return Rank: 21
SXLY.L Sharpe Ratio Rank: 22
SXLY.L Sortino Ratio Rank: 22
SXLY.L Omega Ratio Rank: 21
SXLY.L Calmar Ratio Rank: 21
SXLY.L Martin Ratio Rank: 22

ESIC.L

ESIC.L Risk / Return Rank: 7
ESIC.L Sharpe Ratio Rank: 7
ESIC.L Sortino Ratio Rank: 7
ESIC.L Omega Ratio Rank: 7
ESIC.L Calmar Ratio Rank: 8
ESIC.L Martin Ratio Rank: 7

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.

SXLY.L vs. ESIC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Consumer Discretionary Select Sector UCITS ETF (SXLY.L) and iShares MSCI Europe Consumer Discretionary Sector UCITS ETF EUR (Acc) (ESIC.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.

	SXLY.L	ESIC.L	Difference
Sharpe ratio: Return per unit of total volatility	0.72	-0.20	+0.92
Sortino ratio: Return per unit of downside risk	1.15	-0.15	+1.30
Omega ratio: Gain probability vs. loss probability	1.13	0.98	+0.15
Calmar ratio: Return relative to maximum drawdown	0.88	-0.20	+1.08
Martin ratio: Return relative to average drawdown	2.69	-0.49	+3.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SXLY.L vs. ESIC.L - Sharpe Ratio Comparison

The current SXLY.L Sharpe Ratio is 0.72, which is higher than the ESIC.L Sharpe Ratio of -0.20. The chart below compares the historical Sharpe Ratios of SXLY.L and ESIC.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.

Sharpe Ratios by Period

	SXLY.L	ESIC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	-0.20	+0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	-0.11	+0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.11	+0.50

Drawdowns

SXLY.L vs. ESIC.L - Drawdown Comparison

The maximum SXLY.L drawdown since its inception was -37.79%, smaller than the maximum ESIC.L drawdown of -42.00%. Use the drawdown chart below to compare losses from any high point for SXLY.L and ESIC.L.

Drawdown Indicators

	SXLY.L	ESIC.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.79%	-42.00%	+4.21%
Max Drawdown (1Y) Largest decline over 1 year	-15.06%	-21.24%	+6.18%
Max Drawdown (3Y) Largest decline over 3 years	-25.31%	-22.06%	-3.25%
Max Drawdown (5Y) Largest decline over 5 years	-37.79%	-42.00%	+4.21%
Max Drawdown (10Y) Largest decline over 10 years	-37.79%	—	—
Current Drawdown Current decline from peak	-4.33%	-13.26%	+8.93%
Average Drawdown Average peak-to-trough decline	-7.89%	-12.80%	+4.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.95%	8.63%	-3.68%

Volatility

SXLY.L vs. ESIC.L - Volatility Comparison

The current volatility for SPDR S&P US Consumer Discretionary Select Sector UCITS ETF (SXLY.L) is 6.13%, while iShares MSCI Europe Consumer Discretionary Sector UCITS ETF EUR (Acc) (ESIC.L) has a volatility of 6.92%. This indicates that SXLY.L experiences smaller price fluctuations and is considered to be less risky than ESIC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SXLY.L	ESIC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.13%	6.92%	-0.79%
Volatility (6M) Calculated over the trailing 6-month period	14.49%	16.17%	-1.68%
Volatility (1Y) Calculated over the trailing 1-year period	18.52%	20.73%	-2.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.52%	24.00%	-1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.10%	23.47%	-2.37%

SXLY.L vs. ESIC.L - Expense Ratio Comparison

SXLY.L has a 0.15% expense ratio, which is lower than ESIC.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

SXLY.L vs. ESIC.L - Dividend Comparison

Neither SXLY.L nor ESIC.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SXLY.L and ESIC.L in my portfolio?

SXLY.L and ESIC.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.

Which ETF is better, SXLY.L or ESIC.L?

On fees, SXLY.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SXLY.L or ESIC.L?

SXLY.L is cheaper with a 0.15% expense ratio, compared with 0.18% for ESIC.L.

What is the main difference between SXLY.L and ESIC.L?

Both ETFs track Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for SXLY.L and 0.18% for ESIC.L.