IMIB.L vs. LGUK.L

Last updated Jun 5, 2026

IMIB.L (iShares FTSE MIB UCITS ETF EUR (Dist)) and LGUK.L (L&G UK Equity UCITS ETF) are both Europe Equities funds - IMIB.L tracks the FTSE Italia AllShare TR EUR while LGUK.L tracks the FTSE AllSh TR GBP. Both are passively managed. Over the past 5 years, IMIB.L returned 15.08%/yr vs 11.33%/yr for LGUK.L. A 0.65 correlation means they provide meaningful diversification when combined. IMIB.L charges 0.35%/yr vs 0.05%/yr for LGUK.L.

Performance

IMIB.L vs. LGUK.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 UK Equity UCITS ETF (LGUK.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IMIB.L achieves a 11.33% return, which is significantly higher than LGUK.L's 3.73% 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%

LGUK.L

• 1D: -1.06%
• 1M: -0.31%
• YTD: 3.73%
• 6M: 8.03%
• 1Y: 17.97%
• 3Y*: 13.62%
• 5Y*: 11.33%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IMIB.L iShares FTSE MIB UCITS ETF EUR (Dist)	11.33%	38.08%	8.33%	25.41%	-7.28%	14.64%	-0.17%	20.68%	-2.98%
LGUK.L L&G UK Equity UCITS ETF	3.73%	24.95%	10.56%	6.64%	5.26%	17.94%	-12.15%	20.11%	-7.13%

Correlation

The correlation between IMIB.L and LGUK.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Nov 14, 2018	0.65

The correlation between IMIB.L and LGUK.L shifts across timeframes, from 0.48 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

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

Sectors	IMIB.L	LGUK.L
Financial Services	45.2%	25.3%
Utilities	17.2%	5.5%
Industrials	10.8%	14.7%
Consumer Cyclical	10.0%	3.7%
Energy	8.8%	12.1%
Technology	4.6%	0.7%
Healthcare	1.1%	14.7%
Communication Services	1.1%	2.5%
Basic Materials	0.6%	5.9%
Consumer Defensive	0.5%	14.5%
Real Estate	0.3%	0.6%

Return for Risk

IMIB.L vs. LGUK.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: 55
IMIB.L Sharpe Ratio Rank: 56
IMIB.L Sortino Ratio Rank: 54
IMIB.L Omega Ratio Rank: 54
IMIB.L Calmar Ratio Rank: 57
IMIB.L Martin Ratio Rank: 54

LGUK.L

LGUK.L Risk / Return Rank: 38
LGUK.L Sharpe Ratio Rank: 36
LGUK.L Sortino Ratio Rank: 36
LGUK.L Omega Ratio Rank: 37
LGUK.L Calmar Ratio Rank: 40
LGUK.L Martin Ratio Rank: 41

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. LGUK.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 UK Equity UCITS ETF (LGUK.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.L	LGUK.L	Difference
Sharpe ratio: Return per unit of total volatility	1.87	1.24	+0.63
Sortino ratio: Return per unit of downside risk	2.56	1.84	+0.72
Omega ratio: Gain probability vs. loss probability	1.33	1.24	+0.09
Calmar ratio: Return relative to maximum drawdown	2.78	1.92	+0.86
Martin ratio: Return relative to average drawdown	9.17	6.51	+2.66
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. LGUK.L - Sharpe Ratio Comparison

The current IMIB.L Sharpe Ratio is 1.87, which is higher than the LGUK.L Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of IMIB.L and LGUK.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.

Sharpe Ratios by Period

	IMIB.L	LGUK.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.87	1.24	+0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.82	+0.01
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	0.52	-0.41

Drawdowns

IMIB.L vs. LGUK.L - Drawdown Comparison

The maximum IMIB.L drawdown since its inception was -65.01%, which is greater than LGUK.L's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for IMIB.L and LGUK.L.

Drawdown Indicators

	IMIB.L	LGUK.L	Difference
Max Drawdown Largest peak-to-trough decline	-65.01%	-33.76%	-31.25%
Max Drawdown (1Y) Largest decline over 1 year	-10.28%	-9.30%	-0.98%
Max Drawdown (3Y) Largest decline over 3 years	-15.58%	-12.30%	-3.28%
Max Drawdown (5Y) Largest decline over 5 years	-26.95%	-12.30%	-14.65%
Max Drawdown (10Y) Largest decline over 10 years	-37.60%	—	—
Current Drawdown Current decline from peak	-0.64%	-5.71%	+5.07%
Average Drawdown Average peak-to-trough decline	-31.09%	-4.82%	-26.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	2.75%	+0.37%

Volatility

IMIB.L vs. LGUK.L - Volatility Comparison

iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L) has a higher volatility of 4.94% compared to L&G UK Equity UCITS ETF (LGUK.L) at 4.30%. This indicates that IMIB.L's price experiences larger fluctuations and is considered to be riskier than LGUK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMIB.L	LGUK.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	4.30%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	12.23%	12.53%	-0.30%
Volatility (1Y) Calculated over the trailing 1-year period	15.32%	14.42%	+0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.12%	13.86%	+4.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.71%	16.31%	+3.40%

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

IMIB.L has a 0.35% expense ratio, which is higher than LGUK.L's 0.05% expense ratio.

Dividends

IMIB.L vs. LGUK.L - Dividend Comparison

IMIB.L's dividend yield for the trailing twelve months is around 0.04%, while LGUK.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
LGUK.L L&G UK Equity 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%

Frequently Asked Questions

Can I hold both IMIB.L and LGUK.L in my portfolio?

IMIB.L and LGUK.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IMIB.L or LGUK.L?

On fees, LGUK.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IMIB.L or LGUK.L?

LGUK.L is cheaper with a 0.05% expense ratio, compared with 0.35% for IMIB.L.

What is the main difference between IMIB.L and LGUK.L?

IMIB.L tracks FTSE Italia AllShare TR EUR, while LGUK.L tracks FTSE AllSh TR GBP. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.35% for IMIB.L and 0.05% for LGUK.L.