PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EMUD.L vs. CMB1.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EMUD.L vs. CMB1.L

Last updated Jun 6, 2026

EMUD.L (iShares MSCI EMU ESG Enhanced UCITS ETF EUR (Dist)) and CMB1.L (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds from iShares - EMUD.L tracks the MSCI EMU NR EUR while CMB1.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 5 years, EMUD.L returned 10.33%/yr vs 19.77%/yr for CMB1.L. Their correlation of 0.87 suggests significant overlap in exposure. EMUD.L charges 0.12%/yr vs 0.33%/yr for CMB1.L.

Performance

EMUD.L vs. CMB1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI EMU ESG Enhanced UCITS ETF EUR (Dist) (EMUD.L) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

EMUD.L is traded in GBP, while CMB1.L is traded in GBp. To make them comparable, the CMB1.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, EMUD.L achieves a 7.24% return, which is significantly lower than CMB1.L's 12.96% return.

EMUD.L

1D
-0.77%
1M
1.58%
YTD
7.24%
6M
8.92%
1Y
19.93%
3Y*
15.66%
5Y*
10.33%
10Y*
—

CMB1.L

1D
-0.62%
1M
1.82%
YTD
12.96%
6M
16.50%
1Y
32.53%
3Y*
28.55%
5Y*
19.77%
10Y*
15.90%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
EMUD.L
iShares MSCI EMU ESG Enhanced UCITS ETF EUR (Dist)		7.24%28.28%5.84%16.22%-6.92%14.62%7.63%-1.68%
CMB1.L
iShares FTSE MIB UCITS ETF (Acc)		12.96%43.83%13.25%30.68%-3.56%18.29%1.52%16.35%

Correlation

The correlation between EMUD.L and CMB1.L is 0.85, 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

0.85

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

0.86

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

0.87

Correlation (All Time)
Calculated using the full available price history since Mar 11, 2019

0.87

The correlation between EMUD.L and CMB1.L has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

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

Sectors
EMUD.L
CMB1.L

Financial Services

24.6%
45.1%

Industrials

20.5%
10.8%

Technology

17.0%
4.6%

Consumer Cyclical

6.9%
10.0%

Utilities

6.7%
17.2%

Healthcare

5.7%
1.1%

Consumer Defensive

5.6%
0.5%

Communication Services

5.2%
1.1%

Energy

3.2%
8.8%

Basic Materials

2.2%
0.6%

Real Estate

1.5%
0.3%

Financial Services

EMUD.L
24.6%
CMB1.L
45.1%

Industrials

EMUD.L
20.5%
CMB1.L
10.8%

Technology

EMUD.L
17.0%
CMB1.L
4.6%

Consumer Cyclical

EMUD.L
6.9%
CMB1.L
10.0%

Utilities

EMUD.L
6.7%
CMB1.L
17.2%

Healthcare

EMUD.L
5.7%
CMB1.L
1.1%

Consumer Defensive

EMUD.L
5.6%
CMB1.L
0.5%

Communication Services

EMUD.L
5.2%
CMB1.L
1.1%

Energy

EMUD.L
3.2%
CMB1.L
8.8%

Basic Materials

EMUD.L
2.2%
CMB1.L
0.6%

Real Estate

EMUD.L
1.5%
CMB1.L
0.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI EMU ESG Enhanced UCITS ETF EUR (Dist)

iShares FTSE MIB UCITS ETF (Acc)

Often compared with EMUD.L:
EMUD.L vs. GLDEMUD.L vs. LDEG.LEMUD.L vs. MVED.LEMUD.L vs. CNDX.LEMUD.L vs. HDEU.LEMUD.L vs. IITU.LEMUD.L vs. IMV.L
Often compared with CMB1.L:
CMB1.L vs. XDEM.LCMB1.L vs. IITU.LCMB1.L vs. H50E.LCMB1.L vs. SPYCMB1.L vs. X7PP.LCMB1.L vs. IQSA.LCMB1.L vs. EQQQ.L

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EMUD.L
EMUD.L Risk / Return Rank: 4343
Overall Rank
EMUD.L Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
EMUD.L Sortino Ratio Rank: 4545
Sortino Ratio Rank
EMUD.L Omega Ratio Rank: 4545
Omega Ratio Rank
EMUD.L Calmar Ratio Rank: 3939
Calmar Ratio Rank
EMUD.L Martin Ratio Rank: 4242
Martin Ratio Rank
CMB1.L
CMB1.L Risk / Return Rank: 7070
Overall Rank
CMB1.L Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
CMB1.L Sortino Ratio Rank: 7272
Sortino Ratio Rank
CMB1.L Omega Ratio Rank: 7070
Omega Ratio Rank
CMB1.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
CMB1.L Martin Ratio Rank: 6868
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU ESG Enhanced UCITS ETF EUR (Dist) (EMUD.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.

EMUD.LCMB1.LDifference
Sharpe ratioReturn per unit of total volatility
1.39
2.15

-0.76

Sortino ratioReturn per unit of downside risk
2.01
2.94

-0.93

Omega ratioGain probability vs. loss probability

1.26

1.38

-0.11

Calmar ratioReturn relative to maximum drawdown

1.74

3.14

-1.40

Martin ratioReturn relative to average drawdown

6.12

11.43

-5.31

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

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

The current EMUD.L Sharpe Ratio is 1.39, which is lower than the CMB1.L Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of EMUD.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.

Loading charts...

Sharpe Ratios by Period

EMUD.LCMB1.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.39

2.15

-0.76

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.64

1.10

-0.46

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.78

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.23

+0.28

Drawdowns

EMUD.L vs. CMB1.L - Drawdown Comparison

The maximum EMUD.L drawdown since its inception was -30.31%, smaller than the maximum CMB1.L drawdown of -56.05%. Use the drawdown chart below to compare losses from any high point for EMUD.L and CMB1.L.

Loading charts...

Drawdown Indicators

EMUD.LCMB1.LDifference

Max Drawdown

Largest peak-to-trough decline

-30.31%

-56.05%

+25.74%

Max Drawdown (1Y)

Largest decline over 1 year

-11.43%

-10.32%

-1.11%

Max Drawdown (3Y)

Largest decline over 3 years

-12.65%

-15.62%

+2.97%

Max Drawdown (5Y)

Largest decline over 5 years

-22.28%

-24.19%

+1.91%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.61%

—

Current Drawdown

Current decline from peak

-1.03%

-1.25%

+0.22%

Average Drawdown

Average peak-to-trough decline

-5.21%

-15.26%

+10.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.25%

2.83%

+0.42%

Volatility

EMUD.L vs. CMB1.L - Volatility Comparison

iShares MSCI EMU ESG Enhanced UCITS ETF EUR (Dist) (EMUD.L) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.L) have volatilities of 3.80% and 3.77%, 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.

Loading charts...

Volatility by Period

EMUD.LCMB1.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.80%

3.77%

+0.03%

Volatility (6M)

Calculated over the trailing 6-month period

11.85%

12.16%

-0.31%

Volatility (1Y)

Calculated over the trailing 1-year period

14.29%

15.07%

-0.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.24%

17.99%

-1.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.47%

20.29%

-1.82%

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

EMUD.L has a 0.12% expense ratio, which is lower than CMB1.L's 0.33% expense ratio.

Dividends

EMUD.L vs. CMB1.L - Dividend Comparison

EMUD.L's dividend yield for the trailing twelve months is around 2.79%, while CMB1.L has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019
CMB1.L
iShares FTSE MIB UCITS ETF (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EMUD.L
iShares MSCI EMU ESG Enhanced UCITS ETF EUR (Dist)		2.79%3.00%3.54%3.13%3.23%2.45%1.87%3.04%

Frequently Asked Questions

EMUD.L and CMB1.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EMUD.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EMUD.L is cheaper with a 0.12% expense ratio, compared with 0.33% for CMB1.L.

EMUD.L tracks MSCI EMU NR EUR, while CMB1.L tracks FTSE Italia AllShare TR EUR. Their fees differ too: 0.12% for EMUD.L and 0.33% for CMB1.L.

Portfolio Optimizer

Find the right allocation for EMUD.L and CMB1.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer