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ISEU.L vs. CMB1.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISEU.L vs. CMB1.L

Last updated Jul 16, 2026
Documentation

ISEU.L (iShares MSCI Europe UCITS Dist) and CMB1.L (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds from iShares - ISEU.L tracks the MSCI Europe NR EUR while CMB1.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 10 years, ISEU.L returned 10.91%/yr vs 16.54%/yr for CMB1.L. A 0.75 correlation means they provide meaningful diversification when combined. ISEU.L charges 1.00%/yr vs 0.33%/yr for CMB1.L.

Performance

ISEU.L vs. CMB1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Europe UCITS Dist (ISEU.L) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ISEU.L is traded in USD, while CMB1.L is traded in GBp. To make them comparable, the CMB1.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ISEU.L achieves a 8.22% return, which is significantly lower than CMB1.L's 17.52% return. Over the past 10 years, ISEU.L has underperformed CMB1.L with an annualized return of 10.91%, while CMB1.L has yielded a comparatively higher 16.54% annualized return.

ISEU.L

1D
0.11%
1M
0.22%
6M
5.52%
YTD
8.22%
1Y
19.54%
3Y*
15.50%
5Y*
9.84%
10Y*
10.91%

CMB1.L

1D
-0.38%
1M
0.44%
6M
16.14%
YTD
17.52%
1Y
35.59%
3Y*
28.96%
5Y*
20.94%
10Y*
16.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISEU.L vs. CMB1.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ISEU.L
iShares MSCI Europe UCITS Dist		8.22%35.20%2.21%19.49%-13.72%15.83%5.72%23.55%-14.36%26.22%
CMB1.L
iShares FTSE MIB UCITS ETF (Acc)		17.52%54.68%11.37%37.57%-13.87%17.22%4.63%29.84%-18.67%34.14%

Correlation

The correlation between ISEU.L and CMB1.L is 0.82, 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

0.82

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

0.84

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

0.85

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

0.80

Correlation (All Time)
Calculated using the full available price history since Jan 26, 2010

0.75

The correlation between ISEU.L and CMB1.L shifts across timeframes, from 0.75 (all time) to 0.85 (5 years), reflecting how their relationship changes across market environments.

ISEU.L vs. CMB1.L - Sectors Allocation Comparison

Sectors
ISEU.L
CMB1.L

Financial Services

23.3%
47.4%

Industrials

19.5%
10.7%

Healthcare

13.1%
1.1%

Technology

9.6%
5.7%

Consumer Defensive

8.3%
0.4%

Consumer Cyclical

6.5%
9.6%

Basic Materials

5.7%
0.5%

Energy

4.9%
6.8%

Utilities

4.7%
15.6%

Communication Services

3.8%
1.9%

Real Estate

0.8%
0.3%

Financial Services

ISEU.L
23.3%
CMB1.L
47.4%

Industrials

ISEU.L
19.5%
CMB1.L
10.7%

Healthcare

ISEU.L
13.1%
CMB1.L
1.1%

Technology

ISEU.L
9.6%
CMB1.L
5.7%

Consumer Defensive

ISEU.L
8.3%
CMB1.L
0.4%

Consumer Cyclical

ISEU.L
6.5%
CMB1.L
9.6%

Basic Materials

ISEU.L
5.7%
CMB1.L
0.5%

Energy

ISEU.L
4.9%
CMB1.L
6.8%

Utilities

ISEU.L
4.7%
CMB1.L
15.6%

Communication Services

ISEU.L
3.8%
CMB1.L
1.9%

Real Estate

ISEU.L
0.8%
CMB1.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 MSCI Europe UCITS Dist

iShares FTSE MIB UCITS ETF (Acc)

Often compared with ISEU.L:
ISEU.L vs. ISX5.LISEU.L vs. EMMISEU.L vs. MJMT.DEISEU.L vs. CSPX.LISEU.L vs. VEUR.LISEU.L vs. QQQISEU.L vs. EWQ
Often compared with CMB1.L:
CMB1.L vs. XDEM.LCMB1.L vs. H50E.LCMB1.L vs. IITU.LCMB1.L vs. SPYCMB1.L vs. X7PP.LCMB1.L vs. IQSA.LCMB1.L vs. EQQQ.L

Return for Risk

ISEU.L vs. CMB1.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ISEU.L
ISEU.L Risk / Return Rank: 4343
Overall Rank
ISEU.L Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
ISEU.L Sortino Ratio Rank: 4444
Sortino Ratio Rank
ISEU.L Omega Ratio Rank: 4343
Omega Ratio Rank
ISEU.L Calmar Ratio Rank: 4040
Calmar Ratio Rank
ISEU.L Martin Ratio Rank: 4545
Martin Ratio Rank
CMB1.L
CMB1.L Risk / Return Rank: 8282
Overall Rank
CMB1.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
CMB1.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
CMB1.L Omega Ratio Rank: 8282
Omega Ratio Rank
CMB1.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
CMB1.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.

ISEU.L vs. CMB1.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe UCITS Dist (ISEU.L) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.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.

ISEU.LCMB1.LDifference
Sharpe ratioReturn per unit of total volatility
1.27
2.07

-0.80

Sortino ratioReturn per unit of downside risk
1.88
2.84

-0.96

Omega ratioGain probability vs. loss probability

1.23

1.36

-0.13

Calmar ratioReturn relative to maximum drawdown

1.70

3.15

-1.45

Martin ratioReturn relative to average drawdown

6.04

10.99

-4.95

ISEU.L vs. CMB1.L - Sharpe Ratio Comparison

The current ISEU.L Sharpe Ratio is 1.27, which is lower than the CMB1.L Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of ISEU.L and CMB1.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

ISEU.L vs. CMB1.L - Drawdown Comparison

The maximum ISEU.L drawdown since its inception was -55.91%, roughly equal to the maximum CMB1.L drawdown of -57.87%. Use the drawdown chart below to compare losses from any high point for ISEU.L and CMB1.L.

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Drawdown Indicators

ISEU.LCMB1.LDifference

Max Drawdown

Largest peak-to-trough decline

-55.91%

-57.87%

+1.96%

Max Drawdown (1Y)

Largest decline over 1 year

-11.47%

-11.25%

-0.22%

Max Drawdown (3Y)

Largest decline over 3 years

-14.13%

-17.48%

+3.35%

Max Drawdown (5Y)

Largest decline over 5 years

-30.77%

-35.65%

+4.88%

Max Drawdown (10Y)

Largest decline over 10 years

-36.02%

-41.93%

+5.91%

Current Drawdown

Current decline from peak

-1.60%

-0.83%

-0.77%

Average Drawdown

Average peak-to-trough decline

-13.91%

-19.27%

+5.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.23%

3.23%

0.00%

Volatility

ISEU.L vs. CMB1.L - Volatility Comparison

iShares MSCI Europe UCITS Dist (ISEU.L) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.L) have volatilities of 4.13% and 4.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ISEU.LCMB1.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.13%

4.20%

-0.07%

Volatility (6M)

Calculated over the trailing 6-month period

13.24%

14.34%

-1.10%

Volatility (1Y)

Calculated over the trailing 1-year period

15.40%

17.20%

-1.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.67%

21.17%

-3.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.43%

22.04%

-4.61%

ISEU.L vs. CMB1.L - Expense Ratio Comparison

ISEU.L has a 1.00% expense ratio, which is higher than CMB1.L's 0.33% expense ratio.

Dividends

ISEU.L vs. CMB1.L - Dividend Comparison

ISEU.L's dividend yield for the trailing twelve months is around 2.50%, while CMB1.L has not paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
CMB1.L
iShares FTSE MIB UCITS ETF (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ISEU.L
iShares MSCI Europe UCITS Dist		2.50%2.46%3.00%2.81%2.86%2.36%1.91%3.03%3.28%2.48%

Frequently Asked Questions

ISEU.L and CMB1.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CMB1.L is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CMB1.L is cheaper with a 0.33% expense ratio, compared with 1.00% for ISEU.L.

ISEU.L tracks MSCI Europe NR EUR, while CMB1.L tracks FTSE Italia AllShare TR EUR. Their fees differ too: 1.00% for ISEU.L and 0.33% for CMB1.L.

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