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CMB1.L vs. H50E.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CMB1.L vs. H50E.L

Last updated Jun 4, 2026

CMB1.L (iShares FTSE MIB UCITS ETF (Acc)) and H50E.L (HSBC EURO STOXX 50 UCITS ETF) are both Europe Equities funds - CMB1.L tracks the FTSE Italia AllShare TR EUR while H50E.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, CMB1.L returned 16.24%/yr vs 11.61%/yr for H50E.L. A 0.74 correlation means they provide meaningful diversification when combined. CMB1.L charges 0.33%/yr vs 0.25%/yr for H50E.L.

Performance

CMB1.L vs. H50E.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares FTSE MIB UCITS ETF (Acc) (CMB1.L) and HSBC EURO STOXX 50 UCITS ETF (H50E.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CMB1.L achieves a 13.57% return, which is significantly higher than H50E.L's 5.56% return. Over the past 10 years, CMB1.L has outperformed H50E.L with an annualized return of 16.24%, while H50E.L has yielded a comparatively lower 11.61% annualized return.

CMB1.L

1D
-0.72%
1M
5.16%
YTD
13.57%
6M
17.25%
1Y
34.15%
3Y*
28.69%
5Y*
19.90%
10Y*
16.24%

H50E.L

1D
-0.80%
1M
3.35%
YTD
5.56%
6M
7.07%
1Y
18.59%
3Y*
15.20%
5Y*
11.54%
10Y*
11.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CMB1.L vs. H50E.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CMB1.L
iShares FTSE MIB UCITS ETF (Acc)		13.57%43.83%13.25%30.68%-3.56%18.29%1.52%24.83%-12.74%21.01%
H50E.L
HSBC EURO STOXX 50 UCITS ETF		5.56%28.02%6.20%20.06%-3.33%15.58%3.30%21.72%-10.53%14.39%

Correlation

The correlation between CMB1.L and H50E.L is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.83

Correlation (3Y)
Calculated over the trailing 3-year period

0.85

Correlation (5Y)
Calculated over the trailing 5-year period

0.86

Correlation (10Y)
Calculated over the trailing 10-year period

0.86

Correlation (All Time)
Calculated using the full available price history since Sep 16, 2010

0.74

The correlation between CMB1.L and H50E.L shifts across timeframes, from 0.74 (all time) to 0.86 (5 years), reflecting how their relationship changes across market environments.

CMB1.L vs. H50E.L - Sectors Allocation Comparison

Sectors
CMB1.L
H50E.L

Financial Services

45.1%
24.8%

Utilities

17.2%
4.6%

Industrials

10.8%
21.5%

Consumer Cyclical

10.0%
9.7%

Energy

8.8%
5.0%

Technology

4.6%
17.9%

Healthcare

1.1%
5.2%

Communication Services

1.1%
2.4%

Basic Materials

0.6%
3.5%

Consumer Defensive

0.5%
5.4%

Real Estate

0.3%

-

Financial Services

CMB1.L
45.1%
H50E.L
24.8%

Utilities

CMB1.L
17.2%
H50E.L
4.6%

Industrials

CMB1.L
10.8%
H50E.L
21.5%

Consumer Cyclical

CMB1.L
10.0%
H50E.L
9.7%

Energy

CMB1.L
8.8%
H50E.L
5.0%

Technology

CMB1.L
4.6%
H50E.L
17.9%

Healthcare

CMB1.L
1.1%
H50E.L
5.2%

Communication Services

CMB1.L
1.1%
H50E.L
2.4%

Basic Materials

CMB1.L
0.6%
H50E.L
3.5%

Consumer Defensive

CMB1.L
0.5%
H50E.L
5.4%

Real Estate

CMB1.L
0.3%
H50E.L

-

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iShares FTSE MIB UCITS ETF (Acc)

HSBC EURO STOXX 50 UCITS ETF

Often compared with CMB1.L:
CMB1.L vs. XDEM.LCMB1.L vs. IITU.LCMB1.L vs. SPYCMB1.L vs. X7PP.LCMB1.L vs. IQSA.LCMB1.L vs. EQQQ.LCMB1.L vs. XMBR.L
Often compared with H50E.L:
H50E.L vs. HMEU.LH50E.L vs. SPX5.LH50E.L vs. JREE.DEH50E.L vs. EUHD.LH50E.L vs. EUE.LH50E.L vs. SPYH50E.L vs. EQQQ.L

Return for Risk

CMB1.L vs. H50E.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CMB1.L
CMB1.L Risk / Return Rank: 6767
Overall Rank
CMB1.L Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
CMB1.L Sortino Ratio Rank: 6767
Sortino Ratio Rank
CMB1.L Omega Ratio Rank: 6565
Omega Ratio Rank
CMB1.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
CMB1.L Martin Ratio Rank: 6666
Martin Ratio Rank
H50E.L
H50E.L Risk / Return Rank: 3434
Overall Rank
H50E.L Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
H50E.L Sortino Ratio Rank: 3535
Sortino Ratio Rank
H50E.L Omega Ratio Rank: 3434
Omega Ratio Rank
H50E.L Calmar Ratio Rank: 3333
Calmar Ratio Rank
H50E.L Martin Ratio Rank: 3636
Martin Ratio Rank
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.

CMB1.L vs. H50E.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares FTSE MIB UCITS ETF (Acc) (CMB1.L) and HSBC EURO STOXX 50 UCITS ETF (H50E.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.

CMB1.LH50E.LDifference
Sharpe ratioReturn per unit of total volatility
2.26
1.23

+1.03

Sortino ratioReturn per unit of downside risk
3.07
1.83

+1.24

Omega ratioGain probability vs. loss probability

1.40

1.23

+0.17

Calmar ratioReturn relative to maximum drawdown

3.30

1.61

+1.68

Martin ratioReturn relative to average drawdown

12.01

5.41

+6.60

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CMB1.L vs. H50E.L - Sharpe Ratio Comparison

The current CMB1.L Sharpe Ratio is 2.26, which is higher than the H50E.L Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of CMB1.L and H50E.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.

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Sharpe Ratios by Period

CMB1.LH50E.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.26

1.23

+1.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.11

0.67

+0.43

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.83

0.65

+0.18

Sharpe Ratio (All Time)

Calculated using the full available price history

0.47

0.39

+0.08

Drawdowns

CMB1.L vs. H50E.L - Drawdown Comparison

The maximum CMB1.L drawdown since its inception was -47.37%, which is greater than H50E.L's maximum drawdown of -34.68%. Use the drawdown chart below to compare losses from any high point for CMB1.L and H50E.L.

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Drawdown Indicators

CMB1.LH50E.LDifference

Max Drawdown

Largest peak-to-trough decline

-47.37%

-34.68%

-12.69%

Max Drawdown (1Y)

Largest decline over 1 year

-10.32%

-11.49%

+1.17%

Max Drawdown (3Y)

Largest decline over 3 years

-15.62%

-14.20%

-1.42%

Max Drawdown (5Y)

Largest decline over 5 years

-24.19%

-21.72%

-2.47%

Max Drawdown (10Y)

Largest decline over 10 years

-36.61%

-31.50%

-5.11%

Current Drawdown

Current decline from peak

-0.72%

-1.38%

+0.66%

Average Drawdown

Average peak-to-trough decline

-8.80%

-7.22%

-1.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.84%

3.43%

-0.59%

Volatility

CMB1.L vs. H50E.L - Volatility Comparison

The current volatility for iShares FTSE MIB UCITS ETF (Acc) (CMB1.L) is 4.47%, while HSBC EURO STOXX 50 UCITS ETF (H50E.L) has a volatility of 4.80%. This indicates that CMB1.L experiences smaller price fluctuations and is considered to be less risky than H50E.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CMB1.LH50E.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.47%

4.80%

-0.33%

Volatility (6M)

Calculated over the trailing 6-month period

12.15%

12.29%

-0.14%

Volatility (1Y)

Calculated over the trailing 1-year period

15.06%

15.08%

-0.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.00%

17.19%

+0.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.52%

18.00%

+1.52%

CMB1.L vs. H50E.L - Expense Ratio Comparison

CMB1.L has a 0.33% expense ratio, which is higher than H50E.L's 0.25% expense ratio.

Dividends

CMB1.L vs. H50E.L - Dividend Comparison

CMB1.L has not paid dividends to shareholders, while H50E.L's dividend yield for the trailing twelve months is around 2.47%.

PositionTTM20252024202320222021202020192018201720162015
CMB1.L
iShares FTSE MIB UCITS ETF (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
H50E.L
HSBC EURO STOXX 50 UCITS ETF		2.47%2.46%2.98%2.92%2.77%2.01%2.05%3.04%3.50%2.76%2.79%2.63%

Frequently Asked Questions

CMB1.L and H50E.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, H50E.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

H50E.L is cheaper with a 0.25% expense ratio, compared with 0.33% for CMB1.L.

CMB1.L tracks FTSE Italia AllShare TR EUR, while H50E.L tracks MSCI EMU NR EUR. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.33% for CMB1.L and 0.25% for H50E.L.

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