XLYP.L vs. IUCD.L

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco US Consumer Discretionary Sector UCITS ETF (XLYP.L) and iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating (IUCD.L).

XLYP.L and IUCD.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLYP.L is a passively managed fund by Invesco that tracks the performance of the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. It was launched on Dec 16, 2009. IUCD.L is a passively managed fund by iShares that tracks the performance of the S&P 500 Capped 35/20 Consumer Discretionary Index. It was launched on Nov 20, 2015. Both XLYP.L and IUCD.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XLYP.L vs. IUCD.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 Accumulating (IUCD.L). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLYP.L Invesco US Consumer Discretionary Sector UCITS ETF	-6.93%	0.23%	30.67%	32.31%	-26.14%	30.65%	22.15%	24.16%	6.23%	11.28%
IUCD.L iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating	-6.71%	-0.97%	33.10%	36.44%	-29.72%	25.61%	29.55%	22.03%	5.23%	11.12%

Different Trading Currencies

XLYP.L is traded in GBp, while IUCD.L is traded in USD. To make them comparable, the IUCD.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with XLYP.L having a -6.93% return and IUCD.L slightly higher at -6.71%. Over the past 10 years, XLYP.L has underperformed IUCD.L with an annualized return of 12.92%, while IUCD.L has yielded a comparatively higher 14.02% annualized return.

XLYP.L

• 1D: 1.59%
• 1M: -3.88%
• YTD: -6.93%
• 6M: -6.60%
• 1Y: 9.00%
• 3Y*: 12.96%
• 5Y*: 8.30%
• 10Y*: 12.92%

IUCD.L

• 1D: 2.31%
• 1M: -2.15%
• YTD: -6.71%
• 6M: -5.89%
• 1Y: 9.29%
• 3Y*: 14.07%
• 5Y*: 7.60%
• 10Y*: 14.02%

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

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

XLYP.L has a 0.14% expense ratio, which is lower than IUCD.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%.

IUCD.L

iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating

XLYP.L

Invesco US Consumer Discretionary Sector UCITS ETF

Return for Risk

XLYP.L vs. IUCD.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: 24
XLYP.L Sharpe Ratio Rank: 24
XLYP.L Sortino Ratio Rank: 25
XLYP.L Omega Ratio Rank: 23
XLYP.L Calmar Ratio Rank: 25
XLYP.L Martin Ratio Rank: 24

IUCD.L

IUCD.L Risk / Return Rank: 27
IUCD.L Sharpe Ratio Rank: 28
IUCD.L Sortino Ratio Rank: 29
IUCD.L Omega Ratio Rank: 26
IUCD.L Calmar Ratio Rank: 27
IUCD.L Martin Ratio Rank: 27

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. IUCD.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 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.

	XLYP.L	IUCD.L	Difference
Sharpe ratio Return per unit of total volatility	0.45	0.43	+0.02
Sortino ratio Return per unit of downside risk	0.77	0.75	+0.01
Omega ratio Gain probability vs. loss probability	1.10	1.10	0.00
Calmar ratio Return relative to maximum drawdown	0.64	0.67	-0.03
Martin ratio Return relative to average drawdown	2.03	1.97	+0.07
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. IUCD.L - Sharpe Ratio Comparison

The current XLYP.L Sharpe Ratio is 0.45, which is comparable to the IUCD.L Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of XLYP.L and IUCD.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XLYP.L	IUCD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.45	0.43	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.34	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.70	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.65	+0.09

Correlation

The correlation between XLYP.L and IUCD.L is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

XLYP.L vs. IUCD.L - Dividend Comparison

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

Tickers have no history of dividend payments

Drawdowns

XLYP.L vs. IUCD.L - Drawdown Comparison

The maximum XLYP.L drawdown since its inception was -30.40%, smaller than the maximum IUCD.L drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for XLYP.L and IUCD.L.

Drawdown Indicators

	XLYP.L	IUCD.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.40%	-40.70%	+10.30%
Max Drawdown (1Y) Largest decline over 1 year	-12.73%	-14.86%	+2.13%
Max Drawdown (5Y) Largest decline over 5 years	-30.40%	-40.70%	+10.30%
Max Drawdown (10Y) Largest decline over 10 years	-30.40%	-40.70%	+10.30%
Current Drawdown Current decline from peak	-10.73%	-11.67%	+0.94%
Average Drawdown Average peak-to-trough decline	-6.53%	-9.82%	+3.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.00%	4.46%	-0.46%

Volatility

XLYP.L vs. IUCD.L - Volatility Comparison

The current volatility for Invesco US Consumer Discretionary Sector UCITS ETF (XLYP.L) is 6.00%, while iShares S&P 500 Consumer Discretionary Sector UCITS ETF USD Accumulating (IUCD.L) has a volatility of 7.47%. This indicates that XLYP.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

	XLYP.L	IUCD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.00%	7.47%	-1.47%
Volatility (6M) Calculated over the trailing 6-month period	11.26%	13.08%	-1.82%
Volatility (1Y) Calculated over the trailing 1-year period	20.19%	21.67%	-1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.40%	22.13%	-1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.80%	22.90%	-3.10%