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IEVL.L vs. MIBX.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEVL.L vs. MIBX.L

Last updated Jun 25, 2026

IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) and MIBX.L (Lyxor FTSE MIB UCITS ETF - Dist) are both Europe Equities funds - IEVL.L tracks the MSCI Europe Enhanced Value Index while MIBX.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 10 years, IEVL.L returned 11.58%/yr vs 16.53%/yr for MIBX.L. Their correlation of 0.82 suggests significant overlap in exposure. IEVL.L charges 0.25%/yr vs 0.35%/yr for MIBX.L.

Performance

IEVL.L vs. MIBX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) and Lyxor FTSE MIB UCITS ETF - Dist (MIBX.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IEVL.L is traded in EUR, while MIBX.L is traded in GBp. To make them comparable, the MIBX.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IEVL.L achieves a 14.66% return, which is significantly lower than MIBX.L's 18.32% return. Over the past 10 years, IEVL.L has underperformed MIBX.L with an annualized return of 11.58%, while MIBX.L has yielded a comparatively higher 16.53% annualized return.

IEVL.L

1D
-0.07%
1M
1.04%
YTD
14.66%
6M
15.24%
1Y
34.62%
3Y*
22.08%
5Y*
14.66%
10Y*
11.58%

MIBX.L

1D
-1.14%
1M
4.61%
YTD
18.32%
6M
18.80%
1Y
36.39%
3Y*
29.52%
5Y*
20.46%
10Y*
16.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEVL.L vs. MIBX.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IEVL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating		14.66%35.04%10.57%13.52%-3.79%26.68%-8.75%21.79%-13.55%10.54%
MIBX.L
Lyxor FTSE MIB UCITS ETF - Dist		18.32%36.28%18.63%33.38%-8.51%25.85%-4.02%33.11%-13.80%16.36%

Correlation

The correlation between IEVL.L and MIBX.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

0.85

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

0.82

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

0.82

The correlation between IEVL.L and MIBX.L has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.

IEVL.L vs. MIBX.L - Sectors Allocation Comparison

Sectors
IEVL.L
MIBX.L

Financial Services

25.8%
45.3%

Industrials

18.9%
11.4%

Healthcare

12.7%
1.2%

Technology

9.6%
5.5%

Consumer Defensive

8.2%
0.4%

Consumer Cyclical

5.9%
9.9%

Basic Materials

5.3%
0.5%

Utilities

4.6%
15.9%

Energy

4.5%
7.9%

Communication Services

3.3%
1.7%

Real Estate

0.6%
0.3%

Financial Services

IEVL.L
25.8%
MIBX.L
45.3%

Industrials

IEVL.L
18.9%
MIBX.L
11.4%

Healthcare

IEVL.L
12.7%
MIBX.L
1.2%

Technology

IEVL.L
9.6%
MIBX.L
5.5%

Consumer Defensive

IEVL.L
8.2%
MIBX.L
0.4%

Consumer Cyclical

IEVL.L
5.9%
MIBX.L
9.9%

Basic Materials

IEVL.L
5.3%
MIBX.L
0.5%

Utilities

IEVL.L
4.6%
MIBX.L
15.9%

Energy

IEVL.L
4.5%
MIBX.L
7.9%

Communication Services

IEVL.L
3.3%
MIBX.L
1.7%

Real Estate

IEVL.L
0.6%
MIBX.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 EUR Accumulating

Lyxor FTSE MIB UCITS ETF - Dist

Often compared with IEVL.L:
IEVL.L vs. AINF.LIEVL.L vs. FBTU.LIEVL.L vs. IUCS.LIEVL.L vs. 36BA.DEIEVL.L vs. CSKR.LIEVL.L vs. IEMA.LIEVL.L vs. GLD
Often compared with MIBX.L:
MIBX.L vs. PRY.MIMIBX.L vs. DAXMIBX.L vs. VUSA.LMIBX.L vs. SPYMIBX.L vs. FLXD.LMIBX.L vs. 500G.LMIBX.L vs. BNKE.L

Return for Risk

IEVL.L vs. MIBX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEVL.L
IEVL.L Risk / Return Rank: 8282
Overall Rank
IEVL.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
IEVL.L Sortino Ratio Rank: 8686
Sortino Ratio Rank
IEVL.L Omega Ratio Rank: 8585
Omega Ratio Rank
IEVL.L Calmar Ratio Rank: 7777
Calmar Ratio Rank
IEVL.L Martin Ratio Rank: 7878
Martin Ratio Rank
MIBX.L
MIBX.L Risk / Return Rank: 8383
Overall Rank
MIBX.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
MIBX.L Sortino Ratio Rank: 8686
Sortino Ratio Rank
MIBX.L Omega Ratio Rank: 8383
Omega Ratio Rank
MIBX.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
MIBX.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.

IEVL.L vs. MIBX.L - Risk-Adjusted Trends Comparison

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

IEVL.LMIBX.LDifference
Sharpe ratioReturn per unit of total volatility
2.48
2.39

+0.09

Sortino ratioReturn per unit of downside risk
3.41
3.25

+0.16

Omega ratioGain probability vs. loss probability

1.45

1.43

+0.02

Calmar ratioReturn relative to maximum drawdown

3.52

3.89

-0.37

Martin ratioReturn relative to average drawdown

13.25

14.17

-0.92

IEVL.L vs. MIBX.L - Sharpe Ratio Comparison

The current IEVL.L Sharpe Ratio is 2.48, which is comparable to the MIBX.L Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of IEVL.L and MIBX.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

IEVL.L vs. MIBX.L - Drawdown Comparison

The maximum IEVL.L drawdown since its inception was -40.09%, smaller than the maximum MIBX.L drawdown of -73.32%. Use the drawdown chart below to compare losses from any high point for IEVL.L and MIBX.L.

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Drawdown Indicators

IEVL.LMIBX.LDifference

Max Drawdown

Largest peak-to-trough decline

-40.09%

-73.32%

+33.23%

Max Drawdown (1Y)

Largest decline over 1 year

-9.79%

-9.30%

-0.49%

Max Drawdown (3Y)

Largest decline over 3 years

-17.43%

-17.57%

+0.14%

Max Drawdown (5Y)

Largest decline over 5 years

-19.55%

-24.99%

+5.44%

Max Drawdown (10Y)

Largest decline over 10 years

-40.09%

-40.94%

+0.85%

Current Drawdown

Current decline from peak

-0.66%

-2.44%

+1.78%

Average Drawdown

Average peak-to-trough decline

-7.46%

-46.02%

+38.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.61%

2.56%

+0.05%

Volatility

IEVL.L vs. MIBX.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) is 3.56%, while Lyxor FTSE MIB UCITS ETF - Dist (MIBX.L) has a volatility of 3.83%. This indicates that IEVL.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

IEVL.LMIBX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.56%

3.83%

-0.27%

Volatility (6M)

Calculated over the trailing 6-month period

11.30%

12.25%

-0.95%

Volatility (1Y)

Calculated over the trailing 1-year period

13.94%

15.20%

-1.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.38%

18.12%

-2.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.39%

19.23%

-1.84%

IEVL.L vs. MIBX.L - Expense Ratio Comparison

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

Dividends

IEVL.L vs. MIBX.L - Dividend Comparison

IEVL.L has not paid dividends to shareholders, while MIBX.L's dividend yield for the trailing twelve months is around 3.15%.

PositionTTM20252024202320222021202020192018201720162015
IEVL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
MIBX.L
Lyxor FTSE MIB UCITS ETF - Dist		3.15%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

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

IEVL.L is cheaper with a 0.25% expense ratio, compared with 0.35% for MIBX.L.

IEVL.L tracks MSCI Europe Enhanced Value Index, while MIBX.L tracks FTSE Italia AllShare TR EUR. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for IEVL.L and 0.35% for MIBX.L.

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