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

IMIB.L vs. LDEG.L

Last updated Jun 5, 2026

IMIB.L (iShares FTSE MIB UCITS ETF EUR (Dist)) and LDEG.L (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) are both Europe Equities funds - IMIB.L tracks the FTSE Italia AllShare TR EUR while LDEG.L tracks the MSCI Europe Ex UK NR EUR. Both are passively managed. Over the past 5 years, IMIB.L returned 15.08%/yr vs 16.11%/yr for LDEG.L. A 0.72 correlation means they provide meaningful diversification when combined. IMIB.L charges 0.35%/yr vs 0.25%/yr for LDEG.L.

Performance

IMIB.L vs. LDEG.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 L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.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, IMIB.L achieves a 11.33% return, which is significantly higher than LDEG.L's 10.41% return.

IMIB.L

1D
0.02%
1M
2.98%
YTD
11.33%
6M
14.60%
1Y
28.71%
3Y*
23.85%
5Y*
15.08%
10Y*
12.13%

LDEG.L

1D
0.89%
1M
1.38%
YTD
10.41%
6M
13.94%
1Y
30.52%
3Y*
23.92%
5Y*
16.11%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021
IMIB.L
iShares FTSE MIB UCITS ETF EUR (Dist)		11.33%38.08%8.33%25.41%-7.28%6.72%
LDEG.L
L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF		10.41%44.92%8.83%14.32%3.42%2.83%

Correlation

The correlation between IMIB.L and LDEG.L is 0.84, 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

0.84

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

0.85

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

0.73

Correlation (All Time)
Calculated using the full available price history since May 10, 2021

0.72

The correlation between IMIB.L and LDEG.L shifts across timeframes, from 0.72 (all time) to 0.85 (3 years), reflecting how their relationship changes across market environments.

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

Sectors
IMIB.L
LDEG.L

Financial Services

45.2%
41.5%

Utilities

17.2%
8.2%

Industrials

10.8%
15.8%

Consumer Cyclical

10.0%
3.3%

Energy

8.8%
7.7%

Technology

4.6%
2.0%

Healthcare

1.1%
3.4%

Communication Services

1.1%
5.2%

Basic Materials

0.6%
9.9%

Consumer Defensive

0.5%
3.1%

Real Estate

0.3%

-

Financial Services

IMIB.L
45.2%
LDEG.L
41.5%

Utilities

IMIB.L
17.2%
LDEG.L
8.2%

Industrials

IMIB.L
10.8%
LDEG.L
15.8%

Consumer Cyclical

IMIB.L
10.0%
LDEG.L
3.3%

Energy

IMIB.L
8.8%
LDEG.L
7.7%

Technology

IMIB.L
4.6%
LDEG.L
2.0%

Healthcare

IMIB.L
1.1%
LDEG.L
3.4%

Communication Services

IMIB.L
1.1%
LDEG.L
5.2%

Basic Materials

IMIB.L
0.6%
LDEG.L
9.9%

Consumer Defensive

IMIB.L
0.5%
LDEG.L
3.1%

Real Estate

IMIB.L
0.3%
LDEG.L

-

Compare stocks, funds, or ETFs

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iShares FTSE MIB UCITS ETF EUR (Dist)

L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF

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 LDEG.L:
LDEG.L vs. TDGB.LLDEG.L vs. LDUK.LLDEG.L vs. FLXD.LLDEG.L vs. UKDV.LLDEG.L vs. S7XP.LLDEG.L vs. EUDVLDEG.L vs. EUHD.L

Return for Risk

IMIB.L vs. LDEG.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: 5555
Overall Rank
IMIB.L Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
IMIB.L Sortino Ratio Rank: 5454
Sortino Ratio Rank
IMIB.L Omega Ratio Rank: 5454
Omega Ratio Rank
IMIB.L Calmar Ratio Rank: 5757
Calmar Ratio Rank
IMIB.L Martin Ratio Rank: 5454
Martin Ratio Rank
LDEG.L
LDEG.L Risk / Return Rank: 7878
Overall Rank
LDEG.L Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
LDEG.L Sortino Ratio Rank: 8080
Sortino Ratio Rank
LDEG.L Omega Ratio Rank: 8080
Omega Ratio Rank
LDEG.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
LDEG.L Martin Ratio Rank: 7474
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. LDEG.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 L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.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.

IMIB.LLDEG.LDifference
Sharpe ratioReturn per unit of total volatility
1.87
2.63

-0.77

Sortino ratioReturn per unit of downside risk
2.56
3.52

-0.96

Omega ratioGain probability vs. loss probability

1.33

1.48

-0.15

Calmar ratioReturn relative to maximum drawdown

2.78

3.78

-1.00

Martin ratioReturn relative to average drawdown

9.17

13.82

-4.66

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current IMIB.L Sharpe Ratio is 1.87, which is comparable to the LDEG.L Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of IMIB.L and LDEG.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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Sharpe Ratios by Period

IMIB.LLDEG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.87

2.63

-0.77

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.83

1.24

-0.41

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.61

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.11

1.24

-1.13

Drawdowns

IMIB.L vs. LDEG.L - Drawdown Comparison

The maximum IMIB.L drawdown since its inception was -65.01%, which is greater than LDEG.L's maximum drawdown of -15.97%. Use the drawdown chart below to compare losses from any high point for IMIB.L and LDEG.L.

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Drawdown Indicators

IMIB.LLDEG.LDifference

Max Drawdown

Largest peak-to-trough decline

-65.01%

-15.97%

-49.04%

Max Drawdown (1Y)

Largest decline over 1 year

-10.28%

-8.04%

-2.24%

Max Drawdown (3Y)

Largest decline over 3 years

-15.58%

-12.05%

-3.53%

Max Drawdown (5Y)

Largest decline over 5 years

-26.95%

-15.97%

-10.98%

Max Drawdown (10Y)

Largest decline over 10 years

-37.60%

—

—

Current Drawdown

Current decline from peak

-0.64%

-1.33%

+0.69%

Average Drawdown

Average peak-to-trough decline

-31.09%

-2.95%

-28.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.12%

2.20%

+0.92%

Volatility

IMIB.L vs. LDEG.L - Volatility Comparison

iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L) has a higher volatility of 4.94% compared to L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.L) at 3.57%. This indicates that IMIB.L's price experiences larger fluctuations and is considered to be riskier than LDEG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IMIB.LLDEG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.94%

3.57%

+1.37%

Volatility (6M)

Calculated over the trailing 6-month period

12.23%

9.21%

+3.02%

Volatility (1Y)

Calculated over the trailing 1-year period

15.32%

11.55%

+3.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.12%

15.99%

+2.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.71%

16.01%

+3.70%

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

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

Dividends

IMIB.L vs. LDEG.L - Dividend Comparison

IMIB.L's dividend yield for the trailing twelve months is around 0.04%, less than LDEG.L's 3.13% yield.

PositionTTM20252024202320222021202020192018201720162015
IMIB.L
iShares FTSE MIB UCITS ETF EUR (Dist)		0.04%0.04%0.05%0.04%0.04%0.03%0.01%0.03%0.03%0.02%0.03%0.02%
LDEG.L
L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF		3.13%3.43%4.21%4.11%3.70%3.11%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IMIB.L and LDEG.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

IMIB.L tracks FTSE Italia AllShare TR EUR, while LDEG.L tracks MSCI Europe Ex UK NR EUR. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.35% for IMIB.L and 0.25% for LDEG.L.

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