HUKX.L vs. MIBX.L
HUKX.L (HSBC FTSE 100 UCITS ETF GBP) and MIBX.L (Lyxor FTSE MIB UCITS ETF - Dist) are both Europe Equities funds - HUKX.L tracks the FTSE AllSh TR GBP while MIBX.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 10 years, HUKX.L returned 8.55%/yr vs 16.42%/yr for MIBX.L. A 0.71 correlation means they provide meaningful diversification when combined. HUKX.L charges 0.07%/yr vs 0.35%/yr for MIBX.L.
Performance
HUKX.L vs. MIBX.L - Performance Comparison
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Returns By Period
In the year-to-date period, HUKX.L achieves a 7.20% return, which is significantly lower than MIBX.L's 18.63% return. Over the past 10 years, HUKX.L has underperformed MIBX.L with an annualized return of 8.55%, while MIBX.L has yielded a comparatively higher 16.42% annualized return.
HUKX.L
- 1D
- -0.19%
- 1M
- 0.75%
- 6M
- 4.49%
- YTD
- 7.20%
- 1Y
- 20.66%
- 3Y*
- 16.02%
- 5Y*
- 12.33%
- 10Y*
- 8.55%
MIBX.L
- 1D
- 0.50%
- 1M
- 1.17%
- 6M
- 17.18%
- YTD
- 18.63%
- 1Y
- 35.91%
- 3Y*
- 28.13%
- 5Y*
- 21.70%
- 10Y*
- 16.42%
HUKX.L vs. MIBX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HUKX.L HSBC FTSE 100 UCITS ETF GBP | 7.20% | 26.20% | 9.58% | 7.36% | 5.07% | 17.54% | -11.64% | 17.42% | -8.67% | 12.39% |
MIBX.L Lyxor FTSE MIB UCITS ETF - Dist | 18.63% | 43.78% | 13.17% | 30.61% | -3.53% | 18.16% | 1.49% | 25.15% | -12.72% | 21.14% |
Correlation
The correlation between HUKX.L and MIBX.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2009 | 0.71 |
The correlation between HUKX.L and MIBX.L has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.
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Return for Risk
HUKX.L vs. MIBX.L — Risk / Return Rank
HUKX.L
MIBX.L
HUKX.L vs. MIBX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC FTSE 100 UCITS ETF GBP (HUKX.L) and Lyxor FTSE MIB UCITS ETF - Dist (MIBX.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.
| HUKX.L | MIBX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.40 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 3.38 | -1.04 |
| Martin ratioReturn relative to average drawdown | 7.55 | 12.08 | -4.52 |
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Drawdowns
HUKX.L vs. MIBX.L - Drawdown Comparison
The maximum HUKX.L drawdown since its inception was -34.22%, smaller than the maximum MIBX.L drawdown of -67.93%. Use the drawdown chart below to compare losses from any high point for HUKX.L and MIBX.L.
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Drawdown Indicators
| HUKX.L | MIBX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.22% | -67.93% | +33.71% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -10.26% | +1.48% |
Max Drawdown (3Y)Largest decline over 3 years | -12.95% | -15.64% | +2.69% |
Max Drawdown (5Y)Largest decline over 5 years | -12.95% | -24.06% | +11.11% |
Max Drawdown (10Y)Largest decline over 10 years | -34.22% | -35.10% | +0.88% |
Current DrawdownCurrent decline from peak | -2.52% | -1.36% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -39.74% | +35.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.88% | -0.15% |
Volatility
HUKX.L vs. MIBX.L - Volatility Comparison
The current volatility for HSBC FTSE 100 UCITS ETF GBP (HUKX.L) is 3.03%, while Lyxor FTSE MIB UCITS ETF - Dist (MIBX.L) has a volatility of 3.87%. This indicates that HUKX.L experiences smaller price fluctuations and is considered to be less risky than MIBX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HUKX.L | MIBX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 3.87% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 9.72% | 12.60% | -2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.22% | 15.16% | -3.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.63% | 17.93% | -5.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.77% | 18.83% | -4.06% |
HUKX.L vs. MIBX.L - Expense Ratio Comparison
HUKX.L has a 0.07% expense ratio, which is lower than MIBX.L's 0.35% expense ratio.
Dividends
HUKX.L vs. MIBX.L - Dividend Comparison
HUKX.L's dividend yield for the trailing twelve months is around 2.81%, less than MIBX.L's 3.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HUKX.L HSBC FTSE 100 UCITS ETF GBP | 2.81% | 2.95% | 3.74% | 3.50% | 3.63% | 3.19% | 4.04% | 4.31% | 4.35% | 3.79% | 3.49% | 3.79% |
MIBX.L Lyxor FTSE MIB UCITS ETF - Dist | 3.11% | 3.68% | 3.93% | 3.73% | 3.88% | 2.09% | 1.55% | 4.02% | 4.05% | 2.75% | 3.56% | 3.05% |
Frequently Asked Questions
HUKX.L and MIBX.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HUKX.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HUKX.L is cheaper with a 0.07% expense ratio, compared with 0.35% for MIBX.L.
HUKX.L tracks FTSE AllSh TR GBP, while MIBX.L tracks FTSE Italia AllShare TR EUR. They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.07% for HUKX.L and 0.35% for MIBX.L.
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