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

IEFV.L vs. IMIB.L

Last updated Jun 26, 2026

IEFV.L (iShares Edge MSCI Europe Value Factor UCITS ETF) and IMIB.L (iShares FTSE MIB UCITS ETF EUR (Dist)) are both Europe Equities funds from iShares - IEFV.L tracks the MSCI Europe Value NR EUR while IMIB.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 10 years, IEFV.L returned 12.59%/yr vs 17.41%/yr for IMIB.L. Their correlation of 0.85 suggests significant overlap in exposure. IEFV.L charges 0.25%/yr vs 0.35%/yr for IMIB.L.

Performance

IEFV.L vs. IMIB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.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, IEFV.L achieves a 14.64% return, which is significantly lower than IMIB.L's 16.85% return. Over the past 10 years, IEFV.L has underperformed IMIB.L with an annualized return of 12.59%, while IMIB.L has yielded a comparatively higher 17.41% annualized return.

IEFV.L

1D
1.36%
1M
1.12%
YTD
14.64%
6M
15.38%
1Y
38.77%
3Y*
22.78%
5Y*
15.04%
10Y*
12.59%

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)

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

2026 (YTD)202520242023202220212020201920182017
IEFV.L
iShares Edge MSCI Europe Value Factor UCITS ETF		14.64%42.20%5.40%11.41%1.47%18.58%-3.74%15.71%-12.67%14.28%
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 IEFV.L and IMIB.L is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.82

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

0.84

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

0.86

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

0.85

Correlation (All Time)
Calculated using the full available price history since Jan 19, 2015

0.85

The correlation between IEFV.L and IMIB.L has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.

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

Sectors
IEFV.L
IMIB.L

Financial Services

23.6%
45.3%

Industrials

18.8%
11.4%

Healthcare

13.2%
1.2%

Technology

9.7%
5.5%

Consumer Defensive

8.6%
0.4%

Consumer Cyclical

6.5%
9.9%

Basic Materials

5.5%
0.5%

Energy

5.2%
7.9%

Utilities

4.8%
15.9%

Communication Services

3.6%
1.7%

Real Estate

0.7%
0.3%

Financial Services

IEFV.L
23.6%
IMIB.L
45.3%

Industrials

IEFV.L
18.8%
IMIB.L
11.4%

Healthcare

IEFV.L
13.2%
IMIB.L
1.2%

Technology

IEFV.L
9.7%
IMIB.L
5.5%

Consumer Defensive

IEFV.L
8.6%
IMIB.L
0.4%

Consumer Cyclical

IEFV.L
6.5%
IMIB.L
9.9%

Basic Materials

IEFV.L
5.5%
IMIB.L
0.5%

Energy

IEFV.L
5.2%
IMIB.L
7.9%

Utilities

IEFV.L
4.8%
IMIB.L
15.9%

Communication Services

IEFV.L
3.6%
IMIB.L
1.7%

Real Estate

IEFV.L
0.7%
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 Value Factor UCITS ETF

iShares FTSE MIB UCITS ETF EUR (Dist)

Often compared with IEFV.L:
IEFV.L vs. EVAL.LIEFV.L vs. BRK-BIEFV.L vs. NASL.LIEFV.L vs. SMEA.LIEFV.L vs. UC96.LIEFV.L vs. XDAX.LIEFV.L vs. EFV
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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEFV.L
IEFV.L Risk / Return Rank: 8787
Overall Rank
IEFV.L Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
IEFV.L Sortino Ratio Rank: 9292
Sortino Ratio Rank
IEFV.L Omega Ratio Rank: 9292
Omega Ratio Rank
IEFV.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
IEFV.L Martin Ratio Rank: 7979
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.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.

IEFV.LIMIB.LDifference
Sharpe ratioReturn per unit of total volatility
2.88
2.53

+0.35

Sortino ratioReturn per unit of downside risk
3.91
3.41

+0.50

Omega ratioGain probability vs. loss probability

1.53

1.44

+0.08

Calmar ratioReturn relative to maximum drawdown

3.65

3.71

-0.06

Martin ratioReturn relative to average drawdown

13.42

13.54

-0.12

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

The current IEFV.L Sharpe Ratio is 2.88, which is comparable to the IMIB.L Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of IEFV.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

IEFV.L vs. IMIB.L - Drawdown Comparison

The maximum IEFV.L drawdown since its inception was -34.64%, smaller than the maximum IMIB.L drawdown of -70.29%. Use the drawdown chart below to compare losses from any high point for IEFV.L and IMIB.L.

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Drawdown Indicators

IEFV.LIMIB.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.64%

-70.29%

+35.65%

Max Drawdown (1Y)

Largest decline over 1 year

-10.57%

-10.28%

-0.29%

Max Drawdown (3Y)

Largest decline over 3 years

-15.02%

-15.58%

+0.56%

Max Drawdown (5Y)

Largest decline over 5 years

-16.16%

-24.06%

+7.90%

Max Drawdown (10Y)

Largest decline over 10 years

-34.64%

-36.68%

+2.04%

Current Drawdown

Current decline from peak

0.00%

-2.80%

+2.80%

Average Drawdown

Average peak-to-trough decline

-6.18%

-32.96%

+26.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.88%

2.82%

+0.06%

Volatility

IEFV.L vs. IMIB.L - Volatility Comparison

iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L) and iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L) have volatilities of 3.84% 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

IEFV.LIMIB.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.84%

4.03%

-0.19%

Volatility (6M)

Calculated over the trailing 6-month period

11.09%

12.33%

-1.24%

Volatility (1Y)

Calculated over the trailing 1-year period

13.43%

15.06%

-1.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.10%

17.94%

-0.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.58%

19.35%

-1.77%

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

IEFV.L has a 0.25% expense ratio, which is lower than IMIB.L's 0.35% expense ratio.

Dividends

IEFV.L vs. IMIB.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
IEFV.L
iShares Edge MSCI Europe Value 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

IEFV.L and IMIB.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IEFV.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IEFV.L is cheaper with a 0.25% expense ratio, compared with 0.35% for IMIB.L.

IEFV.L tracks MSCI Europe Value NR EUR, while IMIB.L tracks FTSE Italia AllShare TR EUR. Their fees differ too: 0.25% for IEFV.L and 0.35% for IMIB.L.

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