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

IMV.L vs. IMIB.L

Last updated Jun 25, 2026

IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) and IMIB.L (iShares FTSE MIB UCITS ETF EUR (Dist)) are both Europe Equities funds from iShares - IMV.L tracks the MSCI Europe NR EUR while IMIB.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 10 years, IMV.L returned 7.94%/yr vs 17.18%/yr for IMIB.L. A 0.69 correlation means they provide meaningful diversification when combined. IMV.L charges 0.25%/yr vs 0.35%/yr for IMIB.L.

Performance

IMV.L vs. IMIB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) and iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.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, IMV.L achieves a 5.80% return, which is significantly lower than IMIB.L's 16.78% return. Over the past 10 years, IMV.L has underperformed IMIB.L with an annualized return of 7.94%, while IMIB.L has yielded a comparatively higher 17.18% annualized return.

IMV.L

1D
0.44%
1M
0.05%
YTD
5.80%
6M
5.96%
1Y
10.53%
3Y*
11.63%
5Y*
7.18%
10Y*
7.94%

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

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

2026 (YTD)202520242023202220212020201920182017
IMV.L
iShares Edge MSCI Europe Min Volatility UCITS		5.80%17.66%6.63%8.56%-7.83%13.68%1.50%16.37%-2.91%13.29%
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%

Correlation

The correlation between IMV.L and IMIB.L is 0.54, 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

0.54

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

0.63

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

0.66

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

0.69

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

0.69

The correlation between IMV.L and IMIB.L shifts across timeframes, from 0.54 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.

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

Sectors
IMV.L
IMIB.L

Financial Services

17.9%
45.3%

Industrials

16.2%
11.4%

Consumer Defensive

13.8%
0.4%

Healthcare

12.6%
1.2%

Utilities

10.2%
15.9%

Communication Services

8.8%
1.7%

Energy

7.1%
7.9%

Basic Materials

5.2%
0.5%

Technology

3.5%
5.5%

Consumer Cyclical

3.4%
9.9%

Real Estate

1.6%
0.3%

Financial Services

IMV.L
17.9%
IMIB.L
45.3%

Industrials

IMV.L
16.2%
IMIB.L
11.4%

Consumer Defensive

IMV.L
13.8%
IMIB.L
0.4%

Healthcare

IMV.L
12.6%
IMIB.L
1.2%

Utilities

IMV.L
10.2%
IMIB.L
15.9%

Communication Services

IMV.L
8.8%
IMIB.L
1.7%

Energy

IMV.L
7.1%
IMIB.L
7.9%

Basic Materials

IMV.L
5.2%
IMIB.L
0.5%

Technology

IMV.L
3.5%
IMIB.L
5.5%

Consumer Cyclical

IMV.L
3.4%
IMIB.L
9.9%

Real Estate

IMV.L
1.6%
IMIB.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 Edge MSCI Europe Min Volatility UCITS

iShares FTSE MIB UCITS ETF EUR (Dist)

Often compared with IMV.L:
IMV.L vs. MIVO.LIMV.L vs. SPYIMV.L vs. MINV.LIMV.L vs. MVUS.LIMV.L vs. XDEQ.LIMV.L vs. UB06.LIMV.L vs. CSWG.L
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

Return for Risk

IMV.L vs. IMIB.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IMV.L
IMV.L Risk / Return Rank: 3232
Overall Rank
IMV.L Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
IMV.L Sortino Ratio Rank: 3333
Sortino Ratio Rank
IMV.L Omega Ratio Rank: 3636
Omega Ratio Rank
IMV.L Calmar Ratio Rank: 2828
Calmar Ratio Rank
IMV.L Martin Ratio Rank: 2828
Martin Ratio Rank
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
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) and iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.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.

IMV.LIMIB.LDifference
Sharpe ratioReturn per unit of total volatility
1.15
2.49

-1.34

Sortino ratioReturn per unit of downside risk
1.60
3.36

-1.76

Omega ratioGain probability vs. loss probability

1.22

1.44

-0.22

Calmar ratioReturn relative to maximum drawdown

1.23

3.65

-2.42

Martin ratioReturn relative to average drawdown

3.55

13.36

-9.81

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

The current IMV.L Sharpe Ratio is 1.15, which is lower than the IMIB.L Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of IMV.L and IMIB.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

IMV.L vs. IMIB.L - Drawdown Comparison

The maximum IMV.L drawdown since its inception was -24.48%, smaller than the maximum IMIB.L drawdown of -70.29%. Use the drawdown chart below to compare losses from any high point for IMV.L and IMIB.L.

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Drawdown Indicators

IMV.LIMIB.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.48%

-70.29%

+45.81%

Max Drawdown (1Y)

Largest decline over 1 year

-8.50%

-10.28%

+1.78%

Max Drawdown (3Y)

Largest decline over 3 years

-8.50%

-15.58%

+7.08%

Max Drawdown (5Y)

Largest decline over 5 years

-17.42%

-24.06%

+6.64%

Max Drawdown (10Y)

Largest decline over 10 years

-24.48%

-36.68%

+12.20%

Current Drawdown

Current decline from peak

-3.63%

-2.87%

-0.76%

Average Drawdown

Average peak-to-trough decline

-4.02%

-32.97%

+28.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.96%

2.82%

+0.14%

Volatility

IMV.L vs. IMIB.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) is 1.63%, while iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L) has a volatility of 4.08%. This indicates that IMV.L experiences smaller price fluctuations and is considered to be less risky than IMIB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IMV.LIMIB.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.63%

4.08%

-2.45%

Volatility (6M)

Calculated over the trailing 6-month period

7.59%

12.35%

-4.76%

Volatility (1Y)

Calculated over the trailing 1-year period

9.09%

15.10%

-6.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.95%

17.94%

-6.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.28%

19.35%

-7.07%

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

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

Dividends

IMV.L vs. IMIB.L - Dividend Comparison

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

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%
IMV.L
iShares Edge MSCI Europe Min Volatility UCITS		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

IMV.L and IMIB.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

IMV.L tracks MSCI Europe NR EUR, while IMIB.L tracks FTSE Italia AllShare TR EUR. Their fees differ too: 0.25% for IMV.L and 0.35% for IMIB.L.

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