IEFS.L vs. IMIB.L
IEFS.L (iShares Edge MSCI Europe Size Factor UCITS ETF) and IMIB.L (iShares FTSE MIB UCITS ETF EUR (Dist)) are both Europe Equities funds from iShares - IEFS.L tracks the MSCI Europe SMID NR EUR while IMIB.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 10 years, IEFS.L returned 9.22%/yr vs 17.41%/yr for IMIB.L. Their correlation of 0.81 suggests significant overlap in exposure. IEFS.L charges 0.25%/yr vs 0.35%/yr for IMIB.L.
Performance
IEFS.L vs. IMIB.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IEFS.L achieves a 8.09% return, which is significantly lower than IMIB.L's 16.85% return. Over the past 10 years, IEFS.L has underperformed IMIB.L with an annualized return of 9.22%, while IMIB.L has yielded a comparatively higher 17.41% annualized return.
IEFS.L
- 1D
- 0.33%
- 1M
- 0.43%
- YTD
- 8.09%
- 6M
- 8.65%
- 1Y
- 18.49%
- 3Y*
- 14.67%
- 5Y*
- 6.03%
- 10Y*
- 9.22%
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%
IEFS.L vs. IMIB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEFS.L iShares Edge MSCI Europe Size Factor UCITS ETF | 8.09% | 24.40% | 0.75% | 11.87% | -13.35% | 12.21% | 7.23% | 20.36% | -12.26% | 18.08% |
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 IEFS.L and IMIB.L is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.81 |
The correlation between IEFS.L and IMIB.L has been stable across timeframes, ranging from 0.71 to 0.81 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IEFS.L vs. IMIB.L — Risk / Return Rank
IEFS.L
IMIB.L
IEFS.L vs. IMIB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.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.
| IEFS.L | IMIB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.44 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 3.71 | -1.85 |
| Martin ratioReturn relative to average drawdown | 6.61 | 13.54 | -6.93 |
Loading charts...
Drawdowns
IEFS.L vs. IMIB.L - Drawdown Comparison
The maximum IEFS.L drawdown since its inception was -31.02%, smaller than the maximum IMIB.L drawdown of -70.29%. Use the drawdown chart below to compare losses from any high point for IEFS.L and IMIB.L.
Loading charts...
Drawdown Indicators
| IEFS.L | IMIB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.02% | -70.29% | +39.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -10.28% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -11.84% | -15.58% | +3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -26.40% | -24.06% | -2.34% |
Max Drawdown (10Y)Largest decline over 10 years | -31.02% | -36.68% | +5.66% |
Current DrawdownCurrent decline from peak | -0.27% | -2.80% | +2.53% |
Average DrawdownAverage peak-to-trough decline | -5.82% | -32.96% | +27.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.82% | -0.03% |
Volatility
IEFS.L vs. IMIB.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.L) is 2.04%, while iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L) has a volatility of 4.03%. This indicates that IEFS.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.
Loading charts...
Volatility by Period
| IEFS.L | IMIB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 4.03% | -1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 9.73% | 12.33% | -2.60% |
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 | 14.97% | 17.94% | -2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.45% | 19.35% | -3.90% |
IEFS.L vs. IMIB.L - Expense Ratio Comparison
IEFS.L has a 0.25% expense ratio, which is lower than IMIB.L's 0.35% expense ratio.
Dividends
IEFS.L vs. IMIB.L - Dividend Comparison
IEFS.L has not paid dividends to shareholders, while IMIB.L's dividend yield for the trailing twelve months is around 3.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEFS.L iShares Edge MSCI Europe Size Factor UCITS ETF | 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
IEFS.L and IMIB.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEFS.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEFS.L is cheaper with a 0.25% expense ratio, compared with 0.35% for IMIB.L.
IEFS.L tracks MSCI Europe SMID NR EUR, while IMIB.L tracks FTSE Italia AllShare TR EUR. Their fees differ too: 0.25% for IEFS.L and 0.35% for IMIB.L.
Find the right allocation for IEFS.L and IMIB.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer