CMB1.L vs. IPOL.L
CMB1.L (iShares FTSE MIB UCITS ETF (Acc)) and IPOL.L (iShares MSCI Poland UCITS ETF USD (Acc)) are both exchange-traded funds - CMB1.L is a Europe Equities fund tracking the FTSE Italia AllShare TR EUR, while IPOL.L is a Emerging Markets Equities fund tracking the MSCI Emerging - Poland in Net USD. Both are passively managed. Over the past 10 years, CMB1.L returned 16.15%/yr vs 9.34%/yr for IPOL.L. A 0.53 correlation means they provide meaningful diversification when combined. CMB1.L charges 0.33%/yr vs 0.74%/yr for IPOL.L.
Performance
CMB1.L vs. IPOL.L - Performance Comparison
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Different Trading Currencies
CMB1.L is traded in GBp, while IPOL.L is traded in USD. To make them comparable, the IPOL.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CMB1.L achieves a 15.96% return, which is significantly higher than IPOL.L's 14.97% return. Over the past 10 years, CMB1.L has outperformed IPOL.L with an annualized return of 16.15%, while IPOL.L has yielded a comparatively lower 9.34% annualized return.
CMB1.L
- 1D
- -0.43%
- 1M
- -2.61%
- 6M
- 14.36%
- YTD
- 15.96%
- 1Y
- 32.84%
- 3Y*
- 27.05%
- 5Y*
- 21.15%
- 10Y*
- 16.15%
IPOL.L
- 1D
- -1.01%
- 1M
- -4.14%
- 6M
- 12.04%
- YTD
- 14.97%
- 1Y
- 30.48%
- 3Y*
- 26.74%
- 5Y*
- 15.31%
- 10Y*
- 9.34%
CMB1.L vs. IPOL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMB1.L iShares FTSE MIB UCITS ETF (Acc) | 15.96% | 43.83% | 13.25% | 30.68% | -3.56% | 18.29% | 1.52% | 24.83% | -13.79% | 22.48% |
IPOL.L iShares MSCI Poland UCITS ETF USD (Acc) | 14.97% | 60.44% | -4.46% | 41.75% | -17.88% | 7.85% | -13.81% | -10.35% | -7.43% | 40.84% |
Correlation
The correlation between CMB1.L and IPOL.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2011 | 0.53 |
The correlation between CMB1.L and IPOL.L has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.
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Return for Risk
CMB1.L vs. IPOL.L — Risk / Return Rank
CMB1.L
IPOL.L
CMB1.L vs. IPOL.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 iShares MSCI Poland UCITS ETF USD (Acc) (IPOL.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.
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.
| CMB1.L | IPOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.22 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.16 | +0.01 |
| Martin ratioReturn relative to average drawdown | 11.26 | 7.17 | +4.10 |
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Drawdowns
CMB1.L vs. IPOL.L - Drawdown Comparison
The maximum CMB1.L drawdown since its inception was -56.05%, roughly equal to the maximum IPOL.L drawdown of -56.74%. Use the drawdown chart below to compare losses from any high point for CMB1.L and IPOL.L.
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Drawdown Indicators
| CMB1.L | IPOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.05% | -56.74% | +0.69% |
Max Drawdown (1Y)Largest decline over 1 year | -10.32% | -9.60% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -15.62% | -19.63% | +4.01% |
Max Drawdown (5Y)Largest decline over 5 years | -24.19% | -46.45% | +22.26% |
Max Drawdown (10Y)Largest decline over 10 years | -36.61% | -56.74% | +20.13% |
Current DrawdownCurrent decline from peak | -3.69% | -4.14% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -15.16% | -21.55% | +6.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 4.24% | -1.33% |
Volatility
CMB1.L vs. IPOL.L - Volatility Comparison
The current volatility for iShares FTSE MIB UCITS ETF (Acc) (CMB1.L) is 3.90%, while iShares MSCI Poland UCITS ETF USD (Acc) (IPOL.L) has a volatility of 5.06%. This indicates that CMB1.L experiences smaller price fluctuations and is considered to be less risky than IPOL.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.L | IPOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 5.06% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 18.08% | -5.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.21% | 23.64% | -8.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.98% | 27.89% | -9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.03% | 25.84% | -5.81% |
CMB1.L vs. IPOL.L - Expense Ratio Comparison
CMB1.L has a 0.33% expense ratio, which is lower than IPOL.L's 0.74% expense ratio.
Dividends
CMB1.L vs. IPOL.L - Dividend Comparison
Neither CMB1.L nor IPOL.L has paid dividends to shareholders.
Frequently Asked Questions
CMB1.L and IPOL.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMB1.L is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMB1.L is cheaper with a 0.33% expense ratio, compared with 0.74% for IPOL.L.
CMB1.L is categorized as Europe Equities, while IPOL.L is Emerging Markets Equities. CMB1.L tracks FTSE Italia AllShare TR EUR, while IPOL.L tracks MSCI Emerging - Poland in Net USD. Their fees differ too: 0.33% for CMB1.L and 0.74% for IPOL.L.
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