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FEUR.L vs. IMIB.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FEUR.L vs. IMIB.L

Last updated Jun 26, 2026

FEUR.L (Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc) and IMIB.L (iShares FTSE MIB UCITS ETF EUR (Dist)) are both Europe Equities funds - FEUR.L tracks the MSCI Europe NR EUR while IMIB.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 5 years, FEUR.L returned -72.81%/yr vs 20.48%/yr for IMIB.L. A 0.78 correlation means they provide meaningful diversification when combined. FEUR.L charges 0.30%/yr vs 0.35%/yr for IMIB.L.

Performance

FEUR.L vs. IMIB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc (FEUR.L) and iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

FEUR.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, FEUR.L achieves a 7.76% return, which is significantly lower than IMIB.L's 16.85% return.

FEUR.L

1D
0.76%
1M
1.64%
YTD
7.76%
6M
8.01%
1Y
18.02%
3Y*
13.21%
5Y*
-72.81%
10Y*
—

IMIB.L

1D
0.06%
1M
3.20%
YTD
16.85%
6M
17.51%
1Y
38.30%
3Y*
29.66%
5Y*
20.48%
10Y*
17.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020
FEUR.L
Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc		7.76%22.76%2.48%11.64%-4.77%-99.88%12.10%
IMIB.L
iShares FTSE MIB UCITS ETF EUR (Dist)		16.85%43.78%13.17%30.55%-3.59%18.30%18.65%

Correlation

The correlation between FEUR.L and IMIB.L is 0.66, 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

0.66

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

0.76

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

0.79

Correlation (All Time)
Calculated using the full available price history since Jun 3, 2020

0.78

The correlation between FEUR.L and IMIB.L shifts across timeframes, from 0.66 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.

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

Sectors
FEUR.L
IMIB.L

Financial Services

25.3%
45.3%

Industrials

19.6%
11.4%

Healthcare

13.0%
1.2%

Technology

10.4%
5.5%

Consumer Defensive

7.5%
0.4%

Consumer Cyclical

6.5%
9.9%

Basic Materials

5.5%
0.5%

Energy

4.7%
7.9%

Communication Services

3.9%
1.7%

Utilities

3.1%
15.9%

Real Estate

0.4%
0.3%

Financial Services

FEUR.L
25.3%
IMIB.L
45.3%

Industrials

FEUR.L
19.6%
IMIB.L
11.4%

Healthcare

FEUR.L
13.0%
IMIB.L
1.2%

Technology

FEUR.L
10.4%
IMIB.L
5.5%

Consumer Defensive

FEUR.L
7.5%
IMIB.L
0.4%

Consumer Cyclical

FEUR.L
6.5%
IMIB.L
9.9%

Basic Materials

FEUR.L
5.5%
IMIB.L
0.5%

Energy

FEUR.L
4.7%
IMIB.L
7.9%

Communication Services

FEUR.L
3.9%
IMIB.L
1.7%

Utilities

FEUR.L
3.1%
IMIB.L
15.9%

Real Estate

FEUR.L
0.4%
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.

Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc

iShares FTSE MIB UCITS ETF EUR (Dist)

Often compared with FEUR.L:
FEUR.L vs. FGLS.LFEUR.L vs. FUSS.LFEUR.L vs. FUSA.LFEUR.L vs. FEMD.LFEUR.L vs. FEUI.LFEUR.L vs. FUQA.LFEUR.L vs. FGQD.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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FEUR.L
FEUR.L Risk / Return Rank: 3636
Overall Rank
FEUR.L Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
FEUR.L Sortino Ratio Rank: 3636
Sortino Ratio Rank
FEUR.L Omega Ratio Rank: 3535
Omega Ratio Rank
FEUR.L Calmar Ratio Rank: 3636
Calmar Ratio Rank
FEUR.L Martin Ratio Rank: 3939
Martin Ratio Rank
IMIB.L
IMIB.L Risk / Return Rank: 8484
Overall Rank
IMIB.L Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
IMIB.L Sortino Ratio Rank: 8787
Sortino Ratio Rank
IMIB.L Omega Ratio Rank: 8585
Omega Ratio Rank
IMIB.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
IMIB.L Martin Ratio Rank: 7979
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.

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

This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc (FEUR.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.

FEUR.LIMIB.LDifference
Sharpe ratioReturn per unit of total volatility
1.22
2.53

-1.31

Sortino ratioReturn per unit of downside risk
1.77
3.41

-1.64

Omega ratioGain probability vs. loss probability

1.22

1.44

-0.23

Calmar ratioReturn relative to maximum drawdown

1.64

3.71

-2.07

Martin ratioReturn relative to average drawdown

5.56

13.54

-7.98

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

The current FEUR.L Sharpe Ratio is 1.22, which is lower than the IMIB.L Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of FEUR.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.

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Drawdowns

FEUR.L vs. IMIB.L - Drawdown Comparison

The maximum FEUR.L drawdown since its inception was -99.91%, which is greater than IMIB.L's maximum drawdown of -70.29%. Use the drawdown chart below to compare losses from any high point for FEUR.L and IMIB.L.

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Drawdown Indicators

FEUR.LIMIB.LDifference

Max Drawdown

Largest peak-to-trough decline

-99.91%

-70.29%

-29.62%

Max Drawdown (1Y)

Largest decline over 1 year

-10.94%

-10.28%

-0.66%

Max Drawdown (3Y)

Largest decline over 3 years

-12.93%

-15.58%

+2.65%

Max Drawdown (5Y)

Largest decline over 5 years

-99.91%

-24.06%

-75.85%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.68%

—

Current Drawdown

Current decline from peak

-99.85%

-2.80%

-97.05%

Average Drawdown

Average peak-to-trough decline

-80.68%

-32.96%

-47.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.23%

2.82%

+0.41%

Volatility

FEUR.L vs. IMIB.L - Volatility Comparison

Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc (FEUR.L) and iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L) have volatilities of 3.93% and 4.03%, 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

FEUR.LIMIB.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.93%

4.03%

-0.10%

Volatility (6M)

Calculated over the trailing 6-month period

12.26%

12.33%

-0.07%

Volatility (1Y)

Calculated over the trailing 1-year period

14.72%

15.06%

-0.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

47.03%

17.94%

+29.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

43.45%

19.35%

+24.10%

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

FEUR.L has a 0.30% expense ratio, which is lower than IMIB.L's 0.35% expense ratio.

Dividends

FEUR.L vs. IMIB.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
FEUR.L
Fidelity Sustainable Research Enhanced Europe Equity UCITS ETF Acc		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

FEUR.L and IMIB.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FEUR.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FEUR.L is cheaper with a 0.30% expense ratio, compared with 0.35% for IMIB.L.

FEUR.L tracks MSCI Europe NR EUR, while IMIB.L tracks FTSE Italia AllShare TR EUR. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.30% for FEUR.L and 0.35% for IMIB.L.

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