SXLY.L vs. IUCD.L

Last updated Jun 5, 2026

SXLY.L (SPDR S&P US Consumer Discretionary Select Sector UCITS ETF) and IUCD.L (iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating) are both Consumer Discretionary Equities funds - SXLY.L tracks the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR while IUCD.L tracks the S&P 500 Capped 35/20 Consumer Discretionary Index. Both are passively managed. Over the past 10 years, SXLY.L returned 13.42%/yr vs 12.91%/yr for IUCD.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.

Performance

SXLY.L vs. IUCD.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 S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating (IUCD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SXLY.L achieves a -0.37% return, which is significantly higher than IUCD.L's -1.04% return. Both investments have delivered pretty close results over the past 10 years, with SXLY.L having a 13.42% annualized return and IUCD.L not far behind at 12.91%.

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%

IUCD.L

• 1D: 0.39%
• 1M: -1.85%
• YTD: -1.04%
• 6M: -0.21%
• 1Y: 11.51%
• 3Y*: 16.99%
• 5Y*: 8.11%
• 10Y*: 12.91%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SXLY.L SPDR S&P US Consumer Discretionary Select Sector UCITS ETF	-0.37%	8.34%	29.22%	41.53%	-34.41%	27.96%	28.33%	27.87%	0.68%	22.35%
IUCD.L iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating	-1.04%	6.62%	30.82%	43.62%	-37.19%	24.43%	33.47%	26.85%	0.18%	21.18%

Correlation

The correlation between SXLY.L and IUCD.L is 0.99 - 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	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Dec 9, 2015	0.92

The correlation between SXLY.L and IUCD.L has been stable across timeframes, ranging from 0.92 to 0.99 - a consistent structural relationship.

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

Sectors	SXLY.L	IUCD.L
Consumer Cyclical	99.1%	97.7%
Technology	0.8%	0.8%
Industrials	0.1%	0.1%
Basic Materials	-	-
Communication Services	-	1.2%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

SXLY.L vs. IUCD.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

IUCD.L

IUCD.L Risk / Return Rank: 20
IUCD.L Sharpe Ratio Rank: 20
IUCD.L Sortino Ratio Rank: 20
IUCD.L Omega Ratio Rank: 19
IUCD.L Calmar Ratio Rank: 19
IUCD.L Martin Ratio Rank: 21

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. IUCD.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 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.

	SXLY.L	IUCD.L	Difference
Sharpe ratio: Return per unit of total volatility	0.72	0.64	+0.08
Sortino ratio: Return per unit of downside risk	1.15	1.04	+0.11
Omega ratio: Gain probability vs. loss probability	1.13	1.12	+0.01
Calmar ratio: Return relative to maximum drawdown	0.88	0.80	+0.09
Martin ratio: Return relative to average drawdown	2.69	2.40	+0.28
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. IUCD.L - Sharpe Ratio Comparison

The current SXLY.L Sharpe Ratio is 0.72, which is comparable to the IUCD.L Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of SXLY.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.

Sharpe Ratios by Period

	SXLY.L	IUCD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	0.64	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.35	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.65	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.62	-0.02

Drawdowns

SXLY.L vs. IUCD.L - Drawdown Comparison

The maximum SXLY.L drawdown since its inception was -37.79%, smaller than the maximum IUCD.L drawdown of -40.70%. Use the drawdown chart below to compare losses from any high point for SXLY.L and IUCD.L.

Drawdown Indicators

	SXLY.L	IUCD.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.79%	-40.70%	+2.91%
Max Drawdown (1Y) Largest decline over 1 year	-15.06%	-14.86%	-0.20%
Max Drawdown (3Y) Largest decline over 3 years	-25.31%	-26.70%	+1.39%
Max Drawdown (5Y) Largest decline over 5 years	-37.79%	-40.70%	+2.91%
Max Drawdown (10Y) Largest decline over 10 years	-37.79%	-40.70%	+2.91%
Current Drawdown Current decline from peak	-4.33%	-4.75%	+0.42%
Average Drawdown Average peak-to-trough decline	-7.89%	-9.72%	+1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.95%	4.93%	+0.02%

Volatility

SXLY.L vs. IUCD.L - Volatility Comparison

SPDR S&P US Consumer Discretionary Select Sector UCITS ETF (SXLY.L) and iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating (IUCD.L) have volatilities of 6.13% and 6.25%, 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.

Volatility by Period

	SXLY.L	IUCD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.13%	6.25%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	14.49%	14.31%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	18.52%	18.42%	+0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.52%	22.91%	-0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.10%	22.36%	-1.26%

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

Both SXLY.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

SXLY.L vs. IUCD.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

With a correlation of 0.99, SXLY.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.

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

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

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

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

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

SXLY.L tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, while IUCD.L tracks S&P 500 Capped 35/20 Consumer Discretionary Index. They also come from different issuers: State Street and iShares.