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

FSEU.L vs. IMIB.L

Last updated Jun 26, 2026

FSEU.L (iShares Edge MSCI Europe Multifactor UCITS) and IMIB.L (iShares FTSE MIB UCITS ETF EUR (Dist)) are both Europe Equities funds from iShares - FSEU.L tracks the MSCI Europe NR EUR while IMIB.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 10 years, FSEU.L returned 11.87%/yr vs 17.41%/yr for IMIB.L. A 0.80 correlation means they provide meaningful diversification when combined. FSEU.L charges 0.45%/yr vs 0.35%/yr for IMIB.L.

Performance

FSEU.L vs. IMIB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI Europe Multifactor UCITS (FSEU.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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Returns By Period

In the year-to-date period, FSEU.L achieves a 11.60% return, which is significantly lower than IMIB.L's 16.85% return. Over the past 10 years, FSEU.L has underperformed IMIB.L with an annualized return of 11.87%, while IMIB.L has yielded a comparatively higher 17.41% annualized return.

FSEU.L

1D
0.74%
1M
1.64%
YTD
11.60%
6M
12.02%
1Y
27.45%
3Y*
19.73%
5Y*
11.05%
10Y*
11.87%

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)

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

2026 (YTD)202520242023202220212020201920182017
FSEU.L
iShares Edge MSCI Europe Multifactor UCITS		11.60%27.11%9.24%16.69%-10.53%18.42%5.03%18.30%-10.14%16.67%
IMIB.L
iShares FTSE MIB UCITS ETF EUR (Dist)		16.85%43.78%13.17%30.55%-3.59%18.30%1.46%24.85%-12.68%20.95%

Correlation

The correlation between FSEU.L and IMIB.L is 0.79, 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

0.79

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

0.82

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

0.83

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

0.80

Correlation (All Time)
Calculated using the full available price history since Sep 4, 2015

0.80

The correlation between FSEU.L and IMIB.L has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.

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

Sectors
FSEU.L
IMIB.L

Financial Services

29.2%
45.3%

Industrials

17.9%
11.4%

Healthcare

10.9%
1.2%

Technology

8.9%
5.5%

Consumer Defensive

7.9%
0.4%

Consumer Cyclical

6.0%
9.9%

Energy

5.4%
7.9%

Communication Services

5.2%
1.7%

Utilities

5.2%
15.9%

Basic Materials

2.0%
0.5%

Real Estate

1.3%
0.3%

Financial Services

FSEU.L
29.2%
IMIB.L
45.3%

Industrials

FSEU.L
17.9%
IMIB.L
11.4%

Healthcare

FSEU.L
10.9%
IMIB.L
1.2%

Technology

FSEU.L
8.9%
IMIB.L
5.5%

Consumer Defensive

FSEU.L
7.9%
IMIB.L
0.4%

Consumer Cyclical

FSEU.L
6.0%
IMIB.L
9.9%

Energy

FSEU.L
5.4%
IMIB.L
7.9%

Communication Services

FSEU.L
5.2%
IMIB.L
1.7%

Utilities

FSEU.L
5.2%
IMIB.L
15.9%

Basic Materials

FSEU.L
2.0%
IMIB.L
0.5%

Real Estate

FSEU.L
1.3%
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.

iShares Edge MSCI Europe Multifactor UCITS

iShares FTSE MIB UCITS ETF EUR (Dist)

Often compared with FSEU.L:
FSEU.L vs. BIAHXFSEU.L vs. SMEA.LFSEU.L vs. VHYL.ASFSEU.L vs. GOOGFSEU.L vs. XDEQ.LFSEU.L vs. CS1.LFSEU.L vs. CNDX.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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FSEU.L
FSEU.L Risk / Return Rank: 8080
Overall Rank
FSEU.L Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
FSEU.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
FSEU.L Omega Ratio Rank: 8585
Omega Ratio Rank
FSEU.L Calmar Ratio Rank: 7272
Calmar Ratio Rank
FSEU.L Martin Ratio Rank: 7373
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Multifactor UCITS (FSEU.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.

FSEU.LIMIB.LDifference
Sharpe ratioReturn per unit of total volatility
2.37
2.53

-0.16

Sortino ratioReturn per unit of downside risk
3.29
3.41

-0.11

Omega ratioGain probability vs. loss probability

1.45

1.44

0.00

Calmar ratioReturn relative to maximum drawdown

3.19

3.71

-0.52

Martin ratioReturn relative to average drawdown

11.98

13.54

-1.55

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

The current FSEU.L Sharpe Ratio is 2.37, which is comparable to the IMIB.L Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of FSEU.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

FSEU.L vs. IMIB.L - Drawdown Comparison

The maximum FSEU.L drawdown since its inception was -29.79%, smaller than the maximum IMIB.L drawdown of -70.29%. Use the drawdown chart below to compare losses from any high point for FSEU.L and IMIB.L.

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Drawdown Indicators

FSEU.LIMIB.LDifference

Max Drawdown

Largest peak-to-trough decline

-29.79%

-70.29%

+40.50%

Max Drawdown (1Y)

Largest decline over 1 year

-8.57%

-10.28%

+1.71%

Max Drawdown (3Y)

Largest decline over 3 years

-12.08%

-15.58%

+3.50%

Max Drawdown (5Y)

Largest decline over 5 years

-20.33%

-24.06%

+3.73%

Max Drawdown (10Y)

Largest decline over 10 years

-29.40%

-36.68%

+7.28%

Current Drawdown

Current decline from peak

-0.24%

-2.80%

+2.56%

Average Drawdown

Average peak-to-trough decline

-6.43%

-32.96%

+26.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.29%

2.82%

-0.53%

Volatility

FSEU.L vs. IMIB.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Multifactor UCITS (FSEU.L) is 2.62%, while iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L) has a volatility of 4.03%. This indicates that FSEU.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.

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Volatility by Period

FSEU.LIMIB.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.62%

4.03%

-1.41%

Volatility (6M)

Calculated over the trailing 6-month period

9.48%

12.33%

-2.85%

Volatility (1Y)

Calculated over the trailing 1-year period

11.53%

15.06%

-3.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.57%

17.94%

-4.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.58%

19.35%

-4.77%

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

FSEU.L has a 0.45% expense ratio, which is higher than IMIB.L's 0.35% expense ratio.

Dividends

FSEU.L vs. IMIB.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
FSEU.L
iShares Edge MSCI Europe Multifactor UCITS		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

FSEU.L and IMIB.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IMIB.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IMIB.L is cheaper with a 0.35% expense ratio, compared with 0.45% for FSEU.L.

FSEU.L tracks MSCI Europe NR EUR, while IMIB.L tracks FTSE Italia AllShare TR EUR. Their fees differ too: 0.45% for FSEU.L and 0.35% for IMIB.L.

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