XDWC.L vs. IUCD.L

Last updated Jun 5, 2026

XDWC.L (Xtrackers MSCI World Consumer Discretionary UCITS ETF 1C) and IUCD.L (iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating) are both Consumer Discretionary Equities funds - XDWC.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, XDWC.L returned 11.05%/yr vs 12.91%/yr for IUCD.L. Their correlation of 0.91 suggests significant overlap in exposure. XDWC.L charges 0.25%/yr vs 0.15%/yr for IUCD.L.

Performance

XDWC.L vs. IUCD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI World Consumer Discretionary UCITS ETF 1C (XDWC.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, XDWC.L achieves a -2.34% return, which is significantly lower than IUCD.L's -1.04% return. Over the past 10 years, XDWC.L has underperformed IUCD.L with an annualized return of 11.05%, while IUCD.L has yielded a comparatively higher 12.91% annualized return.

XDWC.L

• 1D: 0.79%
• 1M: -0.23%
• YTD: -2.34%
• 6M: -1.21%
• 1Y: 8.42%
• 3Y*: 12.88%
• 5Y*: 4.85%
• 10Y*: 11.05%

IUCD.L

• 1D: 0.39%
• 1M: -1.36%
• YTD: -1.04%
• 6M: 0.51%
• 1Y: 11.87%
• 3Y*: 16.99%
• 5Y*: 8.11%
• 10Y*: 12.91%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XDWC.L Xtrackers MSCI World Consumer Discretionary UCITS ETF 1C	-2.34%	7.36%	22.22%	35.93%	-33.50%	17.39%	37.11%	25.92%	-6.13%	23.78%
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 XDWC.L and IUCD.L is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Apr 4, 2016	0.91

The correlation between XDWC.L and IUCD.L has been stable across timeframes, ranging from 0.91 to 0.97 - a consistent structural relationship.

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

Sectors	XDWC.L	IUCD.L
Consumer Cyclical	96.3%	97.7%
Technology	2.9%	0.8%
Consumer Defensive	0.6%	-
Communication Services	0.1%	1.2%
Industrials	0.1%	0.1%
Basic Materials	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

XDWC.L vs. IUCD.L — Risk / Return Rank

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

XDWC.L

XDWC.L Risk / Return Rank: 17
XDWC.L Sharpe Ratio Rank: 17
XDWC.L Sortino Ratio Rank: 17
XDWC.L Omega Ratio Rank: 16
XDWC.L Calmar Ratio Rank: 15
XDWC.L Martin Ratio Rank: 17

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.

XDWC.L vs. IUCD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Consumer Discretionary UCITS ETF 1C (XDWC.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.

	XDWC.L	IUCD.L	Difference
Sharpe ratio: Return per unit of total volatility	0.48	0.64	-0.16
Sortino ratio: Return per unit of downside risk	0.82	1.04	-0.22
Omega ratio: Gain probability vs. loss probability	1.09	1.12	-0.03
Calmar ratio: Return relative to maximum drawdown	0.52	0.80	-0.27
Martin ratio: Return relative to average drawdown	1.57	2.40	-0.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDWC.L vs. IUCD.L - Sharpe Ratio Comparison

The current XDWC.L Sharpe Ratio is 0.48, which is comparable to the IUCD.L Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of XDWC.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

	XDWC.L	IUCD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.48	0.64	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.35	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.65	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.62	-0.05

Drawdowns

XDWC.L vs. IUCD.L - Drawdown Comparison

The maximum XDWC.L drawdown since its inception was -37.26%, smaller than the maximum IUCD.L drawdown of -40.70%. Use the drawdown chart below to compare losses from any high point for XDWC.L and IUCD.L.

Drawdown Indicators

	XDWC.L	IUCD.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.26%	-40.70%	+3.44%
Max Drawdown (1Y) Largest decline over 1 year	-16.08%	-14.86%	-1.22%
Max Drawdown (3Y) Largest decline over 3 years	-23.36%	-26.70%	+3.34%
Max Drawdown (5Y) Largest decline over 5 years	-37.26%	-40.70%	+3.44%
Max Drawdown (10Y) Largest decline over 10 years	-37.26%	-40.70%	+3.44%
Current Drawdown Current decline from peak	-5.67%	-4.75%	-0.92%
Average Drawdown Average peak-to-trough decline	-8.31%	-9.72%	+1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.34%	4.93%	+0.41%

Volatility

XDWC.L vs. IUCD.L - Volatility Comparison

The current volatility for Xtrackers MSCI World Consumer Discretionary UCITS ETF 1C (XDWC.L) is 5.79%, while iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating (IUCD.L) has a volatility of 6.25%. This indicates that XDWC.L experiences smaller price fluctuations and is considered to be less risky than IUCD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDWC.L	IUCD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.79%	6.25%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	13.82%	14.31%	-0.49%
Volatility (1Y) Calculated over the trailing 1-year period	17.58%	18.42%	-0.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.06%	22.91%	-1.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.68%	22.36%	-2.68%

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

XDWC.L has a 0.25% expense ratio, which is higher than IUCD.L's 0.15% 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

XDWC.L vs. IUCD.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

With a correlation of 0.97, XDWC.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, XDWC.L or IUCD.L?

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.

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

IUCD.L is cheaper with a 0.15% expense ratio, compared with 0.25% for XDWC.L.

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

XDWC.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: Xtrackers and iShares. Their fees differ too: 0.25% for XDWC.L and 0.15% for IUCD.L.