FASE.L vs. IMIB.L
FASE.L (Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Dist)) and IMIB.L (iShares FTSE MIB UCITS ETF EUR (Dist)) are both Europe Equities funds - FASE.L tracks the FTSE All-Share ex Investment Trusts ESG Climate Select Index while IMIB.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 5 years, FASE.L returned 8.64%/yr vs 21.16%/yr for IMIB.L. A 0.66 correlation means they provide meaningful diversification when combined. FASE.L charges 0.12%/yr vs 0.35%/yr for IMIB.L.
Performance
FASE.L vs. IMIB.L - Performance Comparison
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Returns By Period
In the year-to-date period, FASE.L achieves a 5.03% return, which is significantly lower than IMIB.L's 16.30% return.
FASE.L
- 1D
- 0.22%
- 1M
- 1.49%
- 6M
- 2.98%
- YTD
- 5.03%
- 1Y
- 15.45%
- 3Y*
- 12.81%
- 5Y*
- 8.64%
- 10Y*
- —
IMIB.L
- 1D
- -0.30%
- 1M
- -1.95%
- 6M
- 14.38%
- YTD
- 16.30%
- 1Y
- 33.50%
- 3Y*
- 27.31%
- 5Y*
- 21.16%
- 10Y*
- 15.60%
FASE.L vs. IMIB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FASE.L Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Dist) | 5.03% | 20.17% | 9.31% | 4.95% | -2.71% | 15.34% |
IMIB.L iShares FTSE MIB UCITS ETF EUR (Dist) | 16.30% | 43.78% | 13.17% | 30.55% | -3.59% | 15.30% |
Correlation
The correlation between FASE.L and IMIB.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2021 | 0.66 |
The correlation between FASE.L and IMIB.L has been stable across timeframes, ranging from 0.57 to 0.66 - a consistent structural relationship.
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Return for Risk
FASE.L vs. IMIB.L — Risk / Return Rank
FASE.L
IMIB.L
FASE.L vs. IMIB.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 (Dist) (FASE.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.
| FASE.L | IMIB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.39 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 3.24 | -1.83 |
| Martin ratioReturn relative to average drawdown | 4.40 | 11.56 | -7.16 |
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Drawdowns
FASE.L vs. IMIB.L - Drawdown Comparison
The maximum FASE.L drawdown since its inception was -12.61%, smaller than the maximum IMIB.L drawdown of -70.29%. Use the drawdown chart below to compare losses from any high point for FASE.L and IMIB.L.
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Drawdown Indicators
| FASE.L | IMIB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.61% | -70.29% | +57.68% |
Max Drawdown (1Y)Largest decline over 1 year | -10.89% | -10.28% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -12.20% | -15.58% | +3.38% |
Max Drawdown (5Y)Largest decline over 5 years | -12.61% | -24.06% | +11.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.68% | — |
Current DrawdownCurrent decline from peak | -1.70% | -3.26% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -33.78% | +30.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 2.89% | +0.61% |
Volatility
FASE.L vs. IMIB.L - Volatility Comparison
Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Dist) (FASE.L) and iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L) have volatilities of 3.84% and 3.92%, 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.
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Volatility by Period
| FASE.L | IMIB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 3.92% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.95% | 12.61% | -2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.19% | 15.13% | -2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.07% | 17.92% | -4.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 19.27% | -6.32% |
FASE.L vs. IMIB.L - Expense Ratio Comparison
FASE.L has a 0.12% expense ratio, which is lower than IMIB.L's 0.35% expense ratio.
Dividends
FASE.L vs. IMIB.L - Dividend Comparison
FASE.L's dividend yield for the trailing twelve months is around 2.71%, less than IMIB.L's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FASE.L Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Dist) | 2.71% | 2.61% | 3.72% | 3.54% | 3.47% | 2.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IMIB.L iShares FTSE MIB UCITS ETF EUR (Dist) | 3.76% | 3.83% | 4.53% | 3.77% | 3.90% | 3.15% | 1.44% | 3.41% | 0.00% | 0.61% | 2.82% | 2.15% |
Frequently Asked Questions
FASE.L and IMIB.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FASE.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FASE.L is cheaper with a 0.12% expense ratio, compared with 0.35% for IMIB.L.
FASE.L tracks FTSE All-Share ex Investment Trusts ESG Climate Select Index, while IMIB.L tracks FTSE Italia AllShare TR EUR. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.12% for FASE.L and 0.35% for IMIB.L.
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