FASA.L vs. CMB1.L
FASA.L (Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Acc)) and CMB1.L (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds - FASA.L tracks the FTSE All-Share ex Investment Trusts ESG Climate Select Index while CMB1.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 3 years, FASA.L returned 12.75%/yr vs 27.40%/yr for CMB1.L. A 0.67 correlation means they provide meaningful diversification when combined. FASA.L charges 0.12%/yr vs 0.33%/yr for CMB1.L.
Performance
FASA.L vs. CMB1.L - Performance Comparison
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Returns By Period
In the year-to-date period, FASA.L achieves a 4.29% return, which is significantly lower than CMB1.L's 16.46% return.
FASA.L
- 1D
- 0.23%
- 1M
- 1.10%
- 6M
- 2.28%
- YTD
- 4.29%
- 1Y
- 15.33%
- 3Y*
- 12.75%
- 5Y*
- —
- 10Y*
- —
CMB1.L
- 1D
- -0.33%
- 1M
- -1.95%
- 6M
- 14.52%
- YTD
- 16.46%
- 1Y
- 33.72%
- 3Y*
- 27.40%
- 5Y*
- 21.25%
- 10Y*
- 16.19%
FASA.L vs. CMB1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FASA.L Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Acc) | 4.29% | 21.28% | 9.36% | 4.57% | -2.43% | 3.75% |
CMB1.L iShares FTSE MIB UCITS ETF (Acc) | 16.46% | 43.83% | 13.25% | 30.68% | -3.56% | 1.04% |
Correlation
The correlation between FASA.L and CMB1.L is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2021 | 0.67 |
The correlation between FASA.L and CMB1.L has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.
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Return for Risk
FASA.L vs. CMB1.L — Risk / Return Rank
FASA.L
CMB1.L
FASA.L vs. CMB1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Acc) (FASA.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.
| FASA.L | CMB1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.38 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 3.25 | -1.83 |
| Martin ratioReturn relative to average drawdown | 4.47 | 11.60 | -7.12 |
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Drawdowns
FASA.L vs. CMB1.L - Drawdown Comparison
The maximum FASA.L drawdown since its inception was -12.64%, smaller than the maximum CMB1.L drawdown of -56.05%. Use the drawdown chart below to compare losses from any high point for FASA.L and CMB1.L.
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Drawdown Indicators
| FASA.L | CMB1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.64% | -56.05% | +43.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -10.32% | -0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -12.35% | -15.62% | +3.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.19% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.61% | — |
Current DrawdownCurrent decline from peak | -2.45% | -3.28% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -3.12% | -15.16% | +12.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 2.90% | +0.60% |
Volatility
FASA.L vs. CMB1.L - Volatility Comparison
The current volatility for Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Acc) (FASA.L) is 3.42%, while iShares FTSE MIB UCITS ETF (Acc) (CMB1.L) has a volatility of 3.98%. This indicates that FASA.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
| FASA.L | CMB1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 3.98% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 12.72% | -2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.79% | 15.20% | -3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.10% | 17.98% | -4.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.10% | 20.03% | -6.93% |
FASA.L vs. CMB1.L - Expense Ratio Comparison
FASA.L has a 0.12% expense ratio, which is lower than CMB1.L's 0.33% expense ratio.
Dividends
FASA.L vs. CMB1.L - Dividend Comparison
Neither FASA.L nor CMB1.L has paid dividends to shareholders.
Frequently Asked Questions
FASA.L and CMB1.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FASA.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FASA.L is cheaper with a 0.12% expense ratio, compared with 0.33% for CMB1.L.
FASA.L tracks FTSE All-Share ex Investment Trusts ESG Climate Select Index, while CMB1.L tracks FTSE Italia AllShare TR EUR. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.12% for FASA.L and 0.33% for CMB1.L.
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