PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EVAL.L vs. IMIB.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EVAL.L vs. IMIB.L

Last updated Jun 25, 2026

EVAL.L (SPDR MSCI Europe Value UCITS ETF) and IMIB.L (iShares FTSE MIB UCITS ETF EUR (Dist)) are both Europe Equities funds - EVAL.L tracks the MSCI Europe Value NR EUR while IMIB.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 10 years, EVAL.L returned 12.19%/yr vs 17.18%/yr for IMIB.L. Their correlation of 0.81 suggests significant overlap in exposure. EVAL.L charges 0.20%/yr vs 0.35%/yr for IMIB.L.

Performance

EVAL.L vs. IMIB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR MSCI Europe Value UCITS ETF (EVAL.L) and iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

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

Returns By Period

In the year-to-date period, EVAL.L achieves a 11.68% return, which is significantly lower than IMIB.L's 16.78% return. Over the past 10 years, EVAL.L has underperformed IMIB.L with an annualized return of 12.19%, while IMIB.L has yielded a comparatively higher 17.18% annualized return.

EVAL.L

1D
0.08%
1M
0.17%
YTD
11.68%
6M
12.22%
1Y
33.62%
3Y*
21.39%
5Y*
14.28%
10Y*
12.19%

IMIB.L

1D
-0.73%
1M
4.20%
YTD
16.78%
6M
17.43%
1Y
37.72%
3Y*
29.79%
5Y*
20.47%
10Y*
17.18%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EVAL.L vs. IMIB.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EVAL.L
SPDR MSCI Europe Value UCITS ETF		11.68%41.82%4.36%11.01%1.33%19.13%-2.54%16.22%-13.77%15.54%
IMIB.L
iShares FTSE MIB UCITS ETF EUR (Dist)		16.78%43.78%13.17%30.55%-3.59%18.30%1.46%24.85%-12.68%20.95%

Correlation

The correlation between EVAL.L and IMIB.L is 0.78, 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

0.78

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

0.79

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

0.82

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

0.80

Correlation (All Time)
Calculated using the full available price history since Feb 18, 2015

0.81

The correlation between EVAL.L and IMIB.L has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.

EVAL.L vs. IMIB.L - Sectors Allocation Comparison

Sectors
EVAL.L
IMIB.L

Financial Services

21.7%
45.3%

Industrials

17.6%
11.4%

Healthcare

12.8%
1.2%

Technology

12.3%
5.5%

Consumer Defensive

8.4%
0.4%

Consumer Cyclical

6.6%
9.9%

Basic Materials

6.4%
0.5%

Energy

5.1%
7.9%

Utilities

4.6%
15.9%

Communication Services

3.8%
1.7%

Real Estate

0.7%
0.3%

Financial Services

EVAL.L
21.7%
IMIB.L
45.3%

Industrials

EVAL.L
17.6%
IMIB.L
11.4%

Healthcare

EVAL.L
12.8%
IMIB.L
1.2%

Technology

EVAL.L
12.3%
IMIB.L
5.5%

Consumer Defensive

EVAL.L
8.4%
IMIB.L
0.4%

Consumer Cyclical

EVAL.L
6.6%
IMIB.L
9.9%

Basic Materials

EVAL.L
6.4%
IMIB.L
0.5%

Energy

EVAL.L
5.1%
IMIB.L
7.9%

Utilities

EVAL.L
4.6%
IMIB.L
15.9%

Communication Services

EVAL.L
3.8%
IMIB.L
1.7%

Real Estate

EVAL.L
0.7%
IMIB.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.

SPDR MSCI Europe Value UCITS ETF

iShares FTSE MIB UCITS ETF EUR (Dist)

Often compared with EVAL.L:
EVAL.L vs. IEFV.LEVAL.L vs. AVESEVAL.L vs. VTEVAL.L vs. VOOEVAL.L vs. SPYEVAL.L vs. CACX.LEVAL.L vs. SPX4.L
Often compared with IMIB.L:
IMIB.L vs. ESIF.LIMIB.L vs. SPMOIMIB.L vs. X7PP.LIMIB.L vs. VOOIMIB.L vs. BNKE.LIMIB.L vs. PSRE.LIMIB.L vs. EEIP.L

Return for Risk

EVAL.L vs. IMIB.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EVAL.L
EVAL.L Risk / Return Rank: 8282
Overall Rank
EVAL.L Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
EVAL.L Sortino Ratio Rank: 8787
Sortino Ratio Rank
EVAL.L Omega Ratio Rank: 8686
Omega Ratio Rank
EVAL.L Calmar Ratio Rank: 7474
Calmar Ratio Rank
EVAL.L Martin Ratio Rank: 7474
Martin Ratio Rank
IMIB.L
IMIB.L Risk / Return Rank: 8282
Overall Rank
IMIB.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
IMIB.L Sortino Ratio Rank: 8585
Sortino Ratio Rank
IMIB.L Omega Ratio Rank: 8383
Omega Ratio Rank
IMIB.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
IMIB.L Martin Ratio Rank: 7878
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.

EVAL.L vs. IMIB.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Value UCITS ETF (EVAL.L) and iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.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.

EVAL.LIMIB.LDifference
Sharpe ratioReturn per unit of total volatility
2.54
2.49

+0.05

Sortino ratioReturn per unit of downside risk
3.46
3.36

+0.10

Omega ratioGain probability vs. loss probability

1.46

1.44

+0.03

Calmar ratioReturn relative to maximum drawdown

3.31

3.65

-0.34

Martin ratioReturn relative to average drawdown

12.23

13.36

-1.13

EVAL.L vs. IMIB.L - Sharpe Ratio Comparison

The current EVAL.L Sharpe Ratio is 2.54, which is comparable to the IMIB.L Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of EVAL.L and IMIB.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...

Drawdowns

EVAL.L vs. IMIB.L - Drawdown Comparison

The maximum EVAL.L drawdown since its inception was -40.72%, smaller than the maximum IMIB.L drawdown of -70.29%. Use the drawdown chart below to compare losses from any high point for EVAL.L and IMIB.L.

Loading charts...

Drawdown Indicators

EVAL.LIMIB.LDifference

Max Drawdown

Largest peak-to-trough decline

-40.72%

-70.29%

+29.57%

Max Drawdown (1Y)

Largest decline over 1 year

-10.10%

-10.28%

+0.18%

Max Drawdown (3Y)

Largest decline over 3 years

-14.34%

-15.58%

+1.24%

Max Drawdown (5Y)

Largest decline over 5 years

-14.61%

-24.06%

+9.45%

Max Drawdown (10Y)

Largest decline over 10 years

-37.77%

-36.68%

-1.09%

Current Drawdown

Current decline from peak

-1.24%

-2.87%

+1.63%

Average Drawdown

Average peak-to-trough decline

-11.33%

-32.97%

+21.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.74%

2.82%

-0.08%

Volatility

EVAL.L vs. IMIB.L - Volatility Comparison

The current volatility for SPDR MSCI Europe Value UCITS ETF (EVAL.L) is 3.18%, while iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L) has a volatility of 4.08%. This indicates that EVAL.L experiences smaller price fluctuations and is considered to be less risky than IMIB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

EVAL.LIMIB.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.18%

4.08%

-0.90%

Volatility (6M)

Calculated over the trailing 6-month period

10.74%

12.35%

-1.61%

Volatility (1Y)

Calculated over the trailing 1-year period

13.22%

15.10%

-1.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.51%

17.94%

-1.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.82%

19.35%

-1.53%

EVAL.L vs. IMIB.L - Expense Ratio Comparison

EVAL.L has a 0.20% expense ratio, which is lower than IMIB.L's 0.35% expense ratio.

Dividends

EVAL.L vs. IMIB.L - Dividend Comparison

EVAL.L has not paid dividends to shareholders, while IMIB.L's dividend yield for the trailing twelve months is around 3.75%.

PositionTTM20252024202320222021202020192018201720162015
EVAL.L
SPDR MSCI Europe Value UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IMIB.L
iShares FTSE MIB UCITS ETF EUR (Dist)		3.75%3.83%4.53%3.77%3.90%3.15%1.44%3.41%3.25%2.29%2.82%2.15%

Frequently Asked Questions

EVAL.L and IMIB.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EVAL.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EVAL.L is cheaper with a 0.20% expense ratio, compared with 0.35% for IMIB.L.

EVAL.L tracks MSCI Europe Value NR EUR, while IMIB.L tracks FTSE Italia AllShare TR EUR. They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for EVAL.L and 0.35% for IMIB.L.

Portfolio Optimizer

Find the right allocation for EVAL.L and IMIB.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