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

CSUK.L vs. CMB1.L

Last updated Jun 26, 2026

CSUK.L (iShares MSCI UK UCITS ETF (Acc)) and CMB1.L (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds from iShares - CSUK.L tracks the FTSE AllSh TR GBP while CMB1.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 10 years, CSUK.L returned 9.45%/yr vs 17.45%/yr for CMB1.L. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 0.33% expense ratio.

Performance

CSUK.L vs. CMB1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI UK UCITS ETF (Acc) (CSUK.L) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.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, CSUK.L achieves a 8.00% return, which is significantly lower than CMB1.L's 16.99% return. Over the past 10 years, CSUK.L has underperformed CMB1.L with an annualized return of 9.45%, while CMB1.L has yielded a comparatively higher 17.45% annualized return.

CSUK.L

1D
0.96%
1M
0.31%
YTD
8.00%
6M
8.71%
1Y
24.64%
3Y*
15.87%
5Y*
12.20%
10Y*
9.45%

CMB1.L

1D
0.03%
1M
3.29%
YTD
16.99%
6M
17.62%
1Y
38.46%
3Y*
29.77%
5Y*
20.58%
10Y*
17.45%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
CSUK.L
iShares MSCI UK UCITS ETF (Acc)		8.00%25.26%8.91%6.86%7.23%18.18%-13.09%16.20%-9.39%11.89%
CMB1.L
iShares FTSE MIB UCITS ETF (Acc)		16.99%43.83%13.25%30.68%-3.56%18.29%1.52%24.83%-13.79%22.48%

Correlation

The correlation between CSUK.L and CMB1.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

0.62

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

0.66

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

0.65

Correlation (All Time)
Calculated using the full available price history since Sep 21, 2010

0.64

The correlation between CSUK.L and CMB1.L has been stable across timeframes, ranging from 0.60 to 0.66 - a consistent structural relationship.

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

Sectors
CSUK.L
CMB1.L

Financial Services

24.7%
47.2%

Healthcare

14.6%
1.1%

Consumer Defensive

13.7%
0.4%

Industrials

13.0%
11.1%

Energy

12.2%
7.2%

Basic Materials

9.1%
0.5%

Utilities

5.2%
15.3%

Consumer Cyclical

4.0%
9.2%

Communication Services

2.3%
1.8%

Real Estate

0.6%
0.3%

Technology

0.6%
6.0%

Financial Services

CSUK.L
24.7%
CMB1.L
47.2%

Healthcare

CSUK.L
14.6%
CMB1.L
1.1%

Consumer Defensive

CSUK.L
13.7%
CMB1.L
0.4%

Industrials

CSUK.L
13.0%
CMB1.L
11.1%

Energy

CSUK.L
12.2%
CMB1.L
7.2%

Basic Materials

CSUK.L
9.1%
CMB1.L
0.5%

Utilities

CSUK.L
5.2%
CMB1.L
15.3%

Consumer Cyclical

CSUK.L
4.0%
CMB1.L
9.2%

Communication Services

CSUK.L
2.3%
CMB1.L
1.8%

Real Estate

CSUK.L
0.6%
CMB1.L
0.3%

Technology

CSUK.L
0.6%
CMB1.L
6.0%

Compare stocks, funds, or ETFs

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iShares MSCI UK UCITS ETF (Acc)

iShares FTSE MIB UCITS ETF (Acc)

Often compared with CSUK.L:
CSUK.L vs. CUKX.LCSUK.L vs. MIDD.LCSUK.L vs. ^GSPCCSUK.L vs. VUKG.LCSUK.L vs. EWUCSUK.L vs. ISF.LCSUK.L vs. VUAG.L
Often compared with CMB1.L:
CMB1.L vs. XDEM.LCMB1.L vs. H50E.LCMB1.L vs. IITU.LCMB1.L vs. SPYCMB1.L vs. IQSA.LCMB1.L vs. X7PP.LCMB1.L vs. EQQQ.L

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CSUK.L
CSUK.L Risk / Return Rank: 7070
Overall Rank
CSUK.L Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
CSUK.L Sortino Ratio Rank: 7676
Sortino Ratio Rank
CSUK.L Omega Ratio Rank: 7777
Omega Ratio Rank
CSUK.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
CSUK.L Martin Ratio Rank: 5959
Martin Ratio Rank
CMB1.L
CMB1.L Risk / Return Rank: 8484
Overall Rank
CMB1.L Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
CMB1.L Sortino Ratio Rank: 8787
Sortino Ratio Rank
CMB1.L Omega Ratio Rank: 8484
Omega Ratio Rank
CMB1.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
CMB1.L Martin Ratio Rank: 8080
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI UK UCITS ETF (Acc) (CSUK.L) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.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.

CSUK.LCMB1.LDifference
Sharpe ratioReturn per unit of total volatility
2.14
2.54

-0.40

Sortino ratioReturn per unit of downside risk
2.95
3.42

-0.47

Omega ratioGain probability vs. loss probability

1.40

1.44

-0.05

Calmar ratioReturn relative to maximum drawdown

2.75

3.71

-0.96

Martin ratioReturn relative to average drawdown

9.21

13.55

-4.34

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

The current CSUK.L Sharpe Ratio is 2.14, which is comparable to the CMB1.L Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of CSUK.L and CMB1.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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Drawdowns

CSUK.L vs. CMB1.L - Drawdown Comparison

The maximum CSUK.L drawdown since its inception was -34.55%, smaller than the maximum CMB1.L drawdown of -56.05%. Use the drawdown chart below to compare losses from any high point for CSUK.L and CMB1.L.

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Drawdown Indicators

CSUK.LCMB1.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.55%

-56.05%

+21.50%

Max Drawdown (1Y)

Largest decline over 1 year

-8.91%

-10.32%

+1.41%

Max Drawdown (3Y)

Largest decline over 3 years

-12.65%

-15.62%

+2.97%

Max Drawdown (5Y)

Largest decline over 5 years

-12.65%

-24.19%

+11.54%

Max Drawdown (10Y)

Largest decline over 10 years

-34.55%

-36.61%

+2.06%

Current Drawdown

Current decline from peak

-2.35%

-2.84%

+0.49%

Average Drawdown

Average peak-to-trough decline

-4.55%

-15.20%

+10.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.67%

2.83%

-0.16%

Volatility

CSUK.L vs. CMB1.L - Volatility Comparison

The current volatility for iShares MSCI UK UCITS ETF (Acc) (CSUK.L) is 3.34%, while iShares FTSE MIB UCITS ETF (Acc) (CMB1.L) has a volatility of 3.96%. This indicates that CSUK.L experiences smaller price fluctuations and is considered to be less risky than CMB1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CSUK.LCMB1.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.34%

3.96%

-0.62%

Volatility (6M)

Calculated over the trailing 6-month period

9.95%

12.40%

-2.45%

Volatility (1Y)

Calculated over the trailing 1-year period

11.49%

15.07%

-3.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.76%

18.01%

-5.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.99%

20.12%

-5.13%

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

Both CSUK.L and CMB1.L have an expense ratio of 0.33%.

Dividends

CSUK.L vs. CMB1.L - Dividend Comparison

Neither CSUK.L nor CMB1.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

CSUK.L and CMB1.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.

Both ETFs have the same 0.33% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

CSUK.L and CMB1.L have the same expense ratio: 0.33% per year.

CSUK.L tracks FTSE AllSh TR GBP, while CMB1.L tracks FTSE Italia AllShare TR EUR.

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