IMIB.L vs. X7PS.L
IMIB.L (iShares FTSE MIB UCITS ETF EUR (Dist)) and X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF) are both Europe Equities funds - IMIB.L tracks the FTSE Italia AllShare TR EUR while X7PS.L tracks the Invesco STOXX Europe 600 Optimised Banks UCITS ETF. Both are passively managed. Over the past 10 years, IMIB.L returned 15.63%/yr vs 16.45%/yr for X7PS.L. A 0.79 correlation means they provide meaningful diversification when combined. IMIB.L charges 0.35%/yr vs 0.30%/yr for X7PS.L.
Performance
IMIB.L vs. X7PS.L - Performance Comparison
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Different Trading Currencies
IMIB.L is traded in GBp, while X7PS.L is traded in EUR. To make them comparable, the X7PS.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 16.66% return, which is significantly higher than X7PS.L's 14.56% return. Over the past 10 years, IMIB.L has underperformed X7PS.L with an annualized return of 15.63%, while X7PS.L has yielded a comparatively higher 16.45% annualized return.
IMIB.L
- 1D
- -1.48%
- 1M
- -0.44%
- 6M
- 15.26%
- YTD
- 16.66%
- 1Y
- 33.91%
- 3Y*
- 27.43%
- 5Y*
- 21.23%
- 10Y*
- 15.63%
X7PS.L
- 1D
- 0.00%
- 1M
- 4.26%
- 6M
- 11.91%
- YTD
- 14.56%
- 1Y
- 49.84%
- 3Y*
- 44.04%
- 5Y*
- 31.75%
- 10Y*
- 16.45%
IMIB.L vs. X7PS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMIB.L iShares FTSE MIB UCITS ETF EUR (Dist) | 16.66% | 43.78% | 13.17% | 30.55% | -3.59% | 18.30% | 1.46% | 24.85% | -15.32% | 18.99% |
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF | 14.56% | 87.84% | 27.12% | 23.19% | 5.63% | 30.02% | -18.45% | 7.52% | -25.50% | 16.45% |
Correlation
The correlation between IMIB.L and X7PS.L is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2011 | 0.79 |
The correlation between IMIB.L and X7PS.L has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.
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Return for Risk
IMIB.L vs. X7PS.L — Risk / Return Rank
IMIB.L
X7PS.L
IMIB.L vs. X7PS.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 Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PS.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.L | X7PS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 3.10 | +0.19 |
| Martin ratioReturn relative to average drawdown | 11.74 | 10.36 | +1.37 |
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Drawdowns
IMIB.L vs. X7PS.L - Drawdown Comparison
The maximum IMIB.L drawdown since its inception was -70.29%, which is greater than X7PS.L's maximum drawdown of -56.34%. Use the drawdown chart below to compare losses from any high point for IMIB.L and X7PS.L.
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Drawdown Indicators
| IMIB.L | X7PS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.29% | -56.34% | -13.95% |
Max Drawdown (1Y)Largest decline over 1 year | -10.28% | -16.07% | +5.79% |
Max Drawdown (3Y)Largest decline over 3 years | -15.58% | -18.22% | +2.64% |
Max Drawdown (5Y)Largest decline over 5 years | -24.06% | -30.73% | +6.67% |
Max Drawdown (10Y)Largest decline over 10 years | -36.68% | -56.34% | +19.66% |
Current DrawdownCurrent decline from peak | -2.97% | -1.80% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -33.79% | -14.49% | -19.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 4.81% | -1.93% |
Volatility
IMIB.L vs. X7PS.L - Volatility Comparison
The current volatility for iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L) is 3.93%, while Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PS.L) has a volatility of 5.39%. This indicates that IMIB.L experiences smaller price fluctuations and is considered to be less risky than X7PS.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.L | X7PS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 5.39% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 12.60% | 18.89% | -6.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 22.30% | -7.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.92% | 23.78% | -5.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.27% | 24.60% | -5.33% |
IMIB.L vs. X7PS.L - Expense Ratio Comparison
IMIB.L has a 0.35% expense ratio, which is higher than X7PS.L's 0.30% expense ratio.
Dividends
IMIB.L vs. X7PS.L - Dividend Comparison
IMIB.L's dividend yield for the trailing twelve months is around 3.75%, while X7PS.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) | 3.75% | 3.83% | 4.53% | 3.77% | 3.90% | 3.15% | 1.44% | 3.41% | 0.00% | 0.61% | 2.82% | 2.15% |
X7PS.L Invesco STOXX Europe 600 Optimised Banks 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
IMIB.L and X7PS.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, X7PS.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
X7PS.L is cheaper with a 0.30% expense ratio, compared with 0.35% for IMIB.L.
IMIB.L tracks FTSE Italia AllShare TR EUR, while X7PS.L tracks Invesco STOXX Europe 600 Optimised Banks UCITS ETF. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.35% for IMIB.L and 0.30% for X7PS.L.
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