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

IMIB.L vs. MVEU.L

Last updated Jun 25, 2026

IMIB.L (iShares FTSE MIB UCITS ETF EUR (Dist)) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds from iShares - IMIB.L tracks the FTSE Italia AllShare TR EUR while MVEU.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, IMIB.L returned 17.18%/yr vs 7.98%/yr for MVEU.L. A 0.66 correlation means they provide meaningful diversification when combined. IMIB.L charges 0.35%/yr vs 0.25%/yr for MVEU.L.

Performance

IMIB.L vs. MVEU.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 Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, IMIB.L achieves a 16.78% return, which is significantly higher than MVEU.L's 5.99% return. Over the past 10 years, IMIB.L has outperformed MVEU.L with an annualized return of 17.18%, while MVEU.L has yielded a comparatively lower 7.98% annualized return.

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%

MVEU.L

1D
0.50%
1M
-0.08%
YTD
5.99%
6M
6.28%
1Y
10.48%
3Y*
11.60%
5Y*
7.13%
10Y*
7.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IMIB.L vs. MVEU.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%
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)		5.99%17.63%6.71%8.45%-8.16%14.46%1.57%15.47%-2.87%14.16%

Correlation

The correlation between IMIB.L and MVEU.L is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.55

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

0.61

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

0.64

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

0.65

Correlation (All Time)
Calculated using the full available price history since Nov 30, 2012

0.66

The correlation between IMIB.L and MVEU.L shifts across timeframes, from 0.55 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.

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

Sectors
IMIB.L
MVEU.L

Financial Services

45.3%
17.6%

Utilities

15.9%
10.1%

Industrials

11.4%
15.6%

Consumer Cyclical

9.9%
3.6%

Energy

7.9%
6.9%

Technology

5.5%
3.4%

Communication Services

1.7%
9.0%

Healthcare

1.2%
12.3%

Basic Materials

0.5%
5.1%

Consumer Defensive

0.4%
14.1%

Real Estate

0.3%
1.5%

Financial Services

IMIB.L
45.3%
MVEU.L
17.6%

Utilities

IMIB.L
15.9%
MVEU.L
10.1%

Industrials

IMIB.L
11.4%
MVEU.L
15.6%

Consumer Cyclical

IMIB.L
9.9%
MVEU.L
3.6%

Energy

IMIB.L
7.9%
MVEU.L
6.9%

Technology

IMIB.L
5.5%
MVEU.L
3.4%

Communication Services

IMIB.L
1.7%
MVEU.L
9.0%

Healthcare

IMIB.L
1.2%
MVEU.L
12.3%

Basic Materials

IMIB.L
0.5%
MVEU.L
5.1%

Consumer Defensive

IMIB.L
0.4%
MVEU.L
14.1%

Real Estate

IMIB.L
0.3%
MVEU.L
1.5%

Compare stocks, funds, or ETFs

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iShares FTSE MIB UCITS ETF EUR (Dist)

iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (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 MVEU.L:
MVEU.L vs. SVOLMVEU.L vs. VTMVEU.L vs. FLXD.LMVEU.L vs. EUHD.LMVEU.L vs. CS1.LMVEU.L vs. CSP1.LMVEU.L vs. IITU.L

Return for Risk

IMIB.L vs. MVEU.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
MVEU.L
MVEU.L Risk / Return Rank: 3131
Overall Rank
MVEU.L Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
MVEU.L Sortino Ratio Rank: 3131
Sortino Ratio Rank
MVEU.L Omega Ratio Rank: 3131
Omega Ratio Rank
MVEU.L Calmar Ratio Rank: 3030
Calmar Ratio Rank
MVEU.L Martin Ratio Rank: 3232
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. MVEU.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 Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.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.LMVEU.LDifference
Sharpe ratioReturn per unit of total volatility
2.49
1.17

+1.32

Sortino ratioReturn per unit of downside risk
3.36
1.63

+1.73

Omega ratioGain probability vs. loss probability

1.44

1.21

+0.23

Calmar ratioReturn relative to maximum drawdown

3.65

1.25

+2.40

Martin ratioReturn relative to average drawdown

13.36

3.71

+9.65

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

The current IMIB.L Sharpe Ratio is 2.49, which is higher than the MVEU.L Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of IMIB.L and MVEU.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. MVEU.L - Drawdown Comparison

The maximum IMIB.L drawdown since its inception was -70.29%, which is greater than MVEU.L's maximum drawdown of -23.74%. Use the drawdown chart below to compare losses from any high point for IMIB.L and MVEU.L.

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Drawdown Indicators

IMIB.LMVEU.LDifference

Max Drawdown

Largest peak-to-trough decline

-70.29%

-23.74%

-46.55%

Max Drawdown (1Y)

Largest decline over 1 year

-10.28%

-8.32%

-1.96%

Max Drawdown (3Y)

Largest decline over 3 years

-15.58%

-8.32%

-7.26%

Max Drawdown (5Y)

Largest decline over 5 years

-24.06%

-17.42%

-6.64%

Max Drawdown (10Y)

Largest decline over 10 years

-36.68%

-23.74%

-12.94%

Current Drawdown

Current decline from peak

-2.87%

-3.45%

+0.58%

Average Drawdown

Average peak-to-trough decline

-32.97%

-3.52%

-29.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.82%

2.82%

0.00%

Volatility

IMIB.L vs. MVEU.L - Volatility Comparison

iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L) has a higher volatility of 4.08% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) at 1.88%. This indicates that IMIB.L's price experiences larger fluctuations and is considered to be riskier than MVEU.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.LMVEU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.08%

1.88%

+2.20%

Volatility (6M)

Calculated over the trailing 6-month period

12.35%

7.31%

+5.04%

Volatility (1Y)

Calculated over the trailing 1-year period

15.10%

8.92%

+6.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.94%

11.28%

+6.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.35%

12.62%

+6.73%

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

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

Dividends

IMIB.L vs. MVEU.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
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%
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (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%

Frequently Asked Questions

IMIB.L and MVEU.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

MVEU.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 MVEU.L tracks MSCI Europe NR EUR. Their fees differ too: 0.35% for IMIB.L and 0.25% for MVEU.L.

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