WCOD.L vs. ^GSPC
WCOD.L (SPDR MSCI World Consumer Discretionary UCITS ETF) is Consumer Discretionary Equities fund tracking the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, WCOD.L returned 11.12%/yr vs 13.36%/yr for ^GSPC. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
WCOD.L vs. ^GSPC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WCOD.L achieves a -1.78% return, which is significantly lower than ^GSPC's 10.62% return. Over the past 10 years, WCOD.L has underperformed ^GSPC with an annualized return of 11.12%, while ^GSPC has yielded a comparatively higher 13.36% annualized return.
WCOD.L
- 1D
- 1.76%
- 1M
- 0.31%
- 6M
- -3.02%
- YTD
- -1.78%
- 1Y
- 6.99%
- 3Y*
- 9.62%
- 5Y*
- 4.51%
- 10Y*
- 11.12%
^GSPC
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
WCOD.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WCOD.L SPDR MSCI World Consumer Discretionary UCITS ETF | -1.78% | 7.50% | 22.17% | 35.86% | -33.50% | 17.22% | 37.31% | 25.90% | -6.12% | 23.99% |
^GSPC S&P 500 Index | 10.62% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between WCOD.L and ^GSPC is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2009 | 0.62 |
The correlation between WCOD.L and ^GSPC shifts across timeframes, from 0.49 (3 years) to 0.62 (all time), reflecting how their relationship changes across market environments.
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
WCOD.L vs. ^GSPC — Risk / Return Rank
WCOD.L
^GSPC
WCOD.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Consumer Discretionary UCITS ETF (WCOD.L) and S&P 500 Index (^GSPC). 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.
| WCOD.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.31 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 2.35 | -1.92 |
| Martin ratioReturn relative to average drawdown | 1.18 | 10.19 | -9.01 |
Loading charts...
Drawdowns
WCOD.L vs. ^GSPC - Drawdown Comparison
The maximum WCOD.L drawdown since its inception was -37.25%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for WCOD.L and ^GSPC.
Loading charts...
Drawdown Indicators
| WCOD.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.25% | -56.78% | +19.53% |
Max Drawdown (1Y)Largest decline over 1 year | -16.19% | -9.10% | -7.09% |
Max Drawdown (3Y)Largest decline over 3 years | -23.04% | -18.90% | -4.14% |
Max Drawdown (5Y)Largest decline over 5 years | -37.25% | -25.43% | -11.82% |
Max Drawdown (10Y)Largest decline over 10 years | -37.25% | -33.92% | -3.33% |
Current DrawdownCurrent decline from peak | -5.17% | -0.49% | -4.68% |
Average DrawdownAverage peak-to-trough decline | -6.59% | -10.70% | +4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.92% | 2.09% | +3.83% |
Volatility
WCOD.L vs. ^GSPC - Volatility Comparison
SPDR MSCI World Consumer Discretionary UCITS ETF (WCOD.L) has a higher volatility of 5.94% compared to S&P 500 Index (^GSPC) at 3.60%. This indicates that WCOD.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WCOD.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.94% | 3.60% | +2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 14.92% | 9.99% | +4.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.28% | 12.55% | +5.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.22% | 17.01% | +4.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 18.05% | +1.66% |
Frequently Asked Questions
WCOD.L and ^GSPC have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for WCOD.L and ^GSPC
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