XLYP.L vs. ICDU.L

Last updated Jun 5, 2026

XLYP.L (Invesco US Consumer Discretionary Sector UCITS ETF) and ICDU.L (iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc)) are both Consumer Discretionary Equities funds - XLYP.L tracks the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR while ICDU.L tracks the S&P 500 Capped 35/20 Consumer Discretionary Index. Both are passively managed. Over the past 10 years, XLYP.L returned 13.68%/yr vs 13.79%/yr for ICDU.L. With a 0.98 correlation, they move nearly in lockstep. XLYP.L charges 0.14%/yr vs 0.15%/yr for ICDU.L.

Performance

XLYP.L vs. ICDU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco US Consumer Discretionary Sector UCITS ETF (XLYP.L) and iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc) (ICDU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLYP.L achieves a -2.69% return, which is significantly lower than ICDU.L's -0.52% return. Both investments have delivered pretty close results over the past 10 years, with XLYP.L having a 13.68% annualized return and ICDU.L not far ahead at 13.79%.

XLYP.L

• 1D: 0.33%
• 1M: -0.12%
• YTD: -2.69%
• 6M: -2.73%
• 1Y: 11.03%
• 3Y*: 12.55%
• 5Y*: 9.67%
• 10Y*: 13.68%

ICDU.L

• 1D: 0.54%
• 1M: -0.36%
• YTD: -0.52%
• 6M: -0.70%
• 1Y: 13.16%
• 3Y*: 14.04%
• 5Y*: 9.32%
• 10Y*: 13.79%

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

XLYP.L vs. ICDU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLYP.L Invesco US Consumer Discretionary Sector UCITS ETF	-2.69%	0.23%	30.67%	32.31%	-26.14%	30.65%	22.15%	24.16%	6.23%	11.28%
ICDU.L iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc)	-0.52%	-0.77%	33.05%	35.72%	-29.67%	25.98%	28.95%	22.82%	5.56%	11.41%

Correlation

The correlation between XLYP.L and ICDU.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	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Nov 24, 2015	0.98

The correlation between XLYP.L and ICDU.L has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

XLYP.L vs. ICDU.L - Sectors Allocation Comparison

Sectors	XLYP.L	ICDU.L
Consumer Cyclical	98.8%	97.6%
Technology	1.0%	0.8%
Industrials	0.2%	0.1%
Basic Materials	-	-
Communication Services	-	1.3%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

XLYP.L vs. ICDU.L — Risk / Return Rank

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

XLYP.L

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

ICDU.L

ICDU.L Risk / Return Rank: 22
ICDU.L Sharpe Ratio Rank: 23
ICDU.L Sortino Ratio Rank: 23
ICDU.L Omega Ratio Rank: 22
ICDU.L Calmar Ratio Rank: 22
ICDU.L Martin Ratio Rank: 22

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.

XLYP.L vs. ICDU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco US Consumer Discretionary Sector UCITS ETF (XLYP.L) and iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc) (ICDU.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.

	XLYP.L	ICDU.L	Difference
Sharpe ratio: Return per unit of total volatility	0.68	0.80	-0.12
Sortino ratio: Return per unit of downside risk	1.06	1.21	-0.15
Omega ratio: Gain probability vs. loss probability	1.12	1.15	-0.02
Calmar ratio: Return relative to maximum drawdown	0.84	0.95	-0.11
Martin ratio: Return relative to average drawdown	2.32	2.61	-0.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLYP.L vs. ICDU.L - Sharpe Ratio Comparison

The current XLYP.L Sharpe Ratio is 0.68, which is comparable to the ICDU.L Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of XLYP.L and ICDU.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

	XLYP.L	ICDU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.68	0.80	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.44	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.68	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.66	+0.09

Drawdowns

XLYP.L vs. ICDU.L - Drawdown Comparison

The maximum XLYP.L drawdown since its inception was -30.40%, smaller than the maximum ICDU.L drawdown of -33.84%. Use the drawdown chart below to compare losses from any high point for XLYP.L and ICDU.L.

Drawdown Indicators

	XLYP.L	ICDU.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.40%	-33.84%	+3.44%
Max Drawdown (1Y) Largest decline over 1 year	-12.73%	-14.03%	+1.30%
Max Drawdown (3Y) Largest decline over 3 years	-26.52%	-27.64%	+1.12%
Max Drawdown (5Y) Largest decline over 5 years	-30.40%	-33.84%	+3.44%
Max Drawdown (10Y) Largest decline over 10 years	-30.40%	-33.84%	+3.44%
Current Drawdown Current decline from peak	-6.66%	-5.81%	-0.85%
Average Drawdown Average peak-to-trough decline	-6.54%	-7.67%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	5.10%	-0.50%

Volatility

XLYP.L vs. ICDU.L - Volatility Comparison

Invesco US Consumer Discretionary Sector UCITS ETF (XLYP.L) and iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD (Acc) (ICDU.L) have volatilities of 5.00% and 5.13%, 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

	XLYP.L	ICDU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	5.13%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	11.81%	12.59%	-0.78%
Volatility (1Y) Calculated over the trailing 1-year period	15.81%	16.68%	-0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.40%	21.06%	-0.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.86%	20.15%	-0.29%

XLYP.L vs. ICDU.L - Expense Ratio Comparison

XLYP.L has a 0.14% expense ratio, which is lower than ICDU.L's 0.15% 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

XLYP.L vs. ICDU.L - Dividend Comparison

Neither XLYP.L nor ICDU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XLYP.L and ICDU.L in my portfolio?

With a correlation of 0.97, XLYP.L and ICDU.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, XLYP.L or ICDU.L?

On fees, XLYP.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLYP.L or ICDU.L?

XLYP.L is cheaper with a 0.14% expense ratio, compared with 0.15% for ICDU.L.

What is the main difference between XLYP.L and ICDU.L?

XLYP.L tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, while ICDU.L tracks S&P 500 Capped 35/20 Consumer Discretionary Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.14% for XLYP.L and 0.15% for ICDU.L.