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IMIB.L vs. CMB1.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMIB.L vs. CMB1.L

Last updated Jun 25, 2026

IMIB.L (iShares FTSE MIB UCITS ETF EUR (Dist)) and CMB1.L (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds from iShares tracking the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 10 years, IMIB.L returned 17.18%/yr vs 17.17%/yr for CMB1.L. Their correlation of 0.93 suggests significant overlap in exposure. IMIB.L charges 0.35%/yr vs 0.33%/yr for CMB1.L.

Performance

IMIB.L vs. CMB1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with IMIB.L having a 16.78% return and CMB1.L slightly higher at 16.95%. Both investments have delivered pretty close results over the past 10 years, with IMIB.L having a 17.18% annualized return and CMB1.L not far behind at 17.17%.

IMIB.L

1D
-0.73%
1M
4.20%
YTD
16.78%
6M
17.43%
1Y
37.72%
3Y*
29.79%
5Y*
20.47%
10Y*
17.18%

CMB1.L

1D
-0.98%
1M
4.28%
YTD
16.95%
6M
17.58%
1Y
38.08%
3Y*
29.90%
5Y*
20.57%
10Y*
17.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IMIB.L vs. CMB1.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IMIB.L
iShares FTSE MIB UCITS ETF EUR (Dist)		16.78%43.78%13.17%30.55%-3.59%18.30%1.46%24.85%-12.68%20.95%
CMB1.L
iShares FTSE MIB UCITS ETF (Acc)		16.95%43.83%13.25%30.68%-3.56%18.29%1.52%24.83%-13.79%22.48%

Correlation

The correlation between IMIB.L and CMB1.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

0.99

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

1.00

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

0.99

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

0.97

Correlation (All Time)
Calculated using the full available price history since Jan 26, 2010

0.93

The correlation between IMIB.L and CMB1.L has been stable across timeframes, ranging from 0.93 to 1.00 - a consistent structural relationship.

IMIB.L vs. CMB1.L - Sectors Allocation Comparison

Sectors
IMIB.L
CMB1.L

Financial Services

45.3%
47.2%

Utilities

15.9%
15.3%

Industrials

11.4%
11.1%

Consumer Cyclical

9.9%
9.2%

Energy

7.9%
7.2%

Technology

5.5%
6.0%

Communication Services

1.7%
1.8%

Healthcare

1.2%
1.1%

Basic Materials

0.5%
0.5%

Consumer Defensive

0.4%
0.4%

Real Estate

0.3%
0.3%

Financial Services

IMIB.L
45.3%
CMB1.L
47.2%

Utilities

IMIB.L
15.9%
CMB1.L
15.3%

Industrials

IMIB.L
11.4%
CMB1.L
11.1%

Consumer Cyclical

IMIB.L
9.9%
CMB1.L
9.2%

Energy

IMIB.L
7.9%
CMB1.L
7.2%

Technology

IMIB.L
5.5%
CMB1.L
6.0%

Communication Services

IMIB.L
1.7%
CMB1.L
1.8%

Healthcare

IMIB.L
1.2%
CMB1.L
1.1%

Basic Materials

IMIB.L
0.5%
CMB1.L
0.5%

Consumer Defensive

IMIB.L
0.4%
CMB1.L
0.4%

Real Estate

IMIB.L
0.3%
CMB1.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 FTSE MIB UCITS ETF EUR (Dist)

iShares FTSE MIB UCITS ETF (Acc)

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
Often compared with CMB1.L:
CMB1.L vs. XDEM.LCMB1.L vs. H50E.LCMB1.L vs. IITU.LCMB1.L vs. SPYCMB1.L vs. IQSA.LCMB1.L vs. X7PP.LCMB1.L vs. EQQQ.L

Return for Risk

IMIB.L vs. CMB1.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IMIB.L
IMIB.L Risk / Return Rank: 8282
Overall Rank
IMIB.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
IMIB.L Sortino Ratio Rank: 8585
Sortino Ratio Rank
IMIB.L Omega Ratio Rank: 8383
Omega Ratio Rank
IMIB.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
IMIB.L Martin Ratio Rank: 7878
Martin Ratio Rank
CMB1.L
CMB1.L Risk / Return Rank: 8383
Overall Rank
CMB1.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
CMB1.L Sortino Ratio Rank: 8686
Sortino Ratio Rank
CMB1.L Omega Ratio Rank: 8383
Omega Ratio Rank
CMB1.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
CMB1.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.

IMIB.L vs. CMB1.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.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.

IMIB.LCMB1.LDifference
Sharpe ratioReturn per unit of total volatility
2.49
2.52

-0.02

Sortino ratioReturn per unit of downside risk
3.36
3.39

-0.03

Omega ratioGain probability vs. loss probability

1.44

1.44

0.00

Calmar ratioReturn relative to maximum drawdown

3.65

3.67

-0.02

Martin ratioReturn relative to average drawdown

13.36

13.44

-0.08

IMIB.L vs. CMB1.L - Sharpe Ratio Comparison

The current IMIB.L Sharpe Ratio is 2.49, which is comparable to the CMB1.L Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of IMIB.L and CMB1.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

IMIB.L vs. CMB1.L - Drawdown Comparison

The maximum IMIB.L drawdown since its inception was -70.29%, which is greater than CMB1.L's maximum drawdown of -56.05%. Use the drawdown chart below to compare losses from any high point for IMIB.L and CMB1.L.

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Drawdown Indicators

IMIB.LCMB1.LDifference

Max Drawdown

Largest peak-to-trough decline

-70.29%

-56.05%

-14.24%

Max Drawdown (1Y)

Largest decline over 1 year

-10.28%

-10.32%

+0.04%

Max Drawdown (3Y)

Largest decline over 3 years

-15.58%

-15.62%

+0.04%

Max Drawdown (5Y)

Largest decline over 5 years

-24.06%

-24.19%

+0.13%

Max Drawdown (10Y)

Largest decline over 10 years

-36.68%

-36.61%

-0.07%

Current Drawdown

Current decline from peak

-2.87%

-2.87%

0.00%

Average Drawdown

Average peak-to-trough decline

-32.97%

-15.21%

-17.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.82%

2.83%

-0.01%

Volatility

IMIB.L vs. CMB1.L - Volatility Comparison

iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.L) have volatilities of 4.08% and 4.06%, 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

IMIB.LCMB1.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.08%

4.06%

+0.02%

Volatility (6M)

Calculated over the trailing 6-month period

12.35%

12.41%

-0.06%

Volatility (1Y)

Calculated over the trailing 1-year period

15.10%

15.11%

-0.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.94%

18.01%

-0.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.35%

20.12%

-0.77%

IMIB.L vs. CMB1.L - Expense Ratio Comparison

IMIB.L has a 0.35% expense ratio, which is higher than CMB1.L's 0.33% expense ratio.

Dividends

IMIB.L vs. CMB1.L - Dividend Comparison

IMIB.L's dividend yield for the trailing twelve months is around 3.75%, while CMB1.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CMB1.L
iShares FTSE MIB UCITS ETF (Acc)		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

With a correlation of 0.99, IMIB.L and CMB1.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, CMB1.L is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CMB1.L is cheaper with a 0.33% expense ratio, compared with 0.35% for IMIB.L.

Both ETFs track FTSE Italia AllShare TR EUR. Their fees differ too: 0.35% for IMIB.L and 0.33% for CMB1.L.

Portfolio Optimizer

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