IAEX.L vs. MIBX.L
IAEX.L (iShares AEX UCITS ETF EUR (Dist)) and MIBX.L (Lyxor FTSE MIB UCITS ETF - Dist) are both Europe Equities funds - IAEX.L tracks the Euronext AEX All Share TR EUR while MIBX.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 10 years, IAEX.L returned 12.05%/yr vs 16.42%/yr for MIBX.L. A 0.66 correlation means they provide meaningful diversification when combined. IAEX.L charges 0.30%/yr vs 0.35%/yr for MIBX.L.
Performance
IAEX.L vs. MIBX.L - Performance Comparison
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Returns By Period
In the year-to-date period, IAEX.L achieves a 13.77% return, which is significantly lower than MIBX.L's 18.63% return. Over the past 10 years, IAEX.L has underperformed MIBX.L with an annualized return of 12.05%, while MIBX.L has yielded a comparatively higher 16.42% annualized return.
IAEX.L
- 1D
- -0.08%
- 1M
- 0.06%
- 6M
- 9.13%
- YTD
- 13.77%
- 1Y
- 18.77%
- 3Y*
- 14.19%
- 5Y*
- 10.42%
- 10Y*
- 12.05%
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%
IAEX.L vs. MIBX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAEX.L iShares AEX UCITS ETF EUR (Dist) | 13.77% | 16.14% | 8.60% | 14.11% | -6.28% | 21.00% | 10.97% | 21.66% | -7.74% | 20.82% |
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 IAEX.L and MIBX.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.66 |
The correlation between IAEX.L and MIBX.L shifts across timeframes, from 0.59 (1 year) to 0.75 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
IAEX.L vs. MIBX.L — Risk / Return Rank
IAEX.L
MIBX.L
IAEX.L vs. MIBX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares AEX UCITS ETF EUR (Dist) (IAEX.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.
| IAEX.L | MIBX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.40 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 3.38 | -0.90 |
| Martin ratioReturn relative to average drawdown | 7.33 | 12.08 | -4.75 |
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Drawdowns
IAEX.L vs. MIBX.L - Drawdown Comparison
The maximum IAEX.L drawdown since its inception was -63.74%, smaller than the maximum MIBX.L drawdown of -67.93%. Use the drawdown chart below to compare losses from any high point for IAEX.L and MIBX.L.
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Drawdown Indicators
| IAEX.L | MIBX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.74% | -67.93% | +4.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.54% | -10.26% | +2.72% |
Max Drawdown (3Y)Largest decline over 3 years | -12.80% | -15.64% | +2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -21.96% | -24.06% | +2.10% |
Max Drawdown (10Y)Largest decline over 10 years | -28.85% | -35.10% | +6.25% |
Current DrawdownCurrent decline from peak | -0.80% | -1.36% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -39.74% | +23.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.88% | -0.32% |
Volatility
IAEX.L vs. MIBX.L - Volatility Comparison
The current volatility for iShares AEX UCITS ETF EUR (Dist) (IAEX.L) is 3.29%, while Lyxor FTSE MIB UCITS ETF - Dist (MIBX.L) has a volatility of 3.87%. This indicates that IAEX.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
| IAEX.L | MIBX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 3.87% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 9.95% | 12.60% | -2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.85% | 15.16% | -2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.19% | 17.93% | -2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.10% | 18.83% | -2.73% |
IAEX.L vs. MIBX.L - Expense Ratio Comparison
IAEX.L has a 0.30% expense ratio, which is lower than MIBX.L's 0.35% expense ratio.
Dividends
IAEX.L vs. MIBX.L - Dividend Comparison
IAEX.L's dividend yield for the trailing twelve months is around 1.95%, less than MIBX.L's 3.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAEX.L iShares AEX UCITS ETF EUR (Dist) | 1.95% | 2.03% | 2.16% | 2.09% | 2.20% | 1.57% | 1.41% | 2.89% | 3.11% | 2.70% | 2.73% | 2.85% |
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
IAEX.L and MIBX.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IAEX.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IAEX.L is cheaper with a 0.30% expense ratio, compared with 0.35% for MIBX.L.
IAEX.L tracks Euronext AEX All Share TR EUR, while MIBX.L tracks FTSE Italia AllShare TR EUR. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.30% for IAEX.L and 0.35% for MIBX.L.
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