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ISX5.L vs. CMB1.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISX5.L vs. CMB1.L

Last updated Jun 26, 2026

ISX5.L (iShares Core EURO STOXX 50 UCITS ETF) and CMB1.L (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds from iShares - ISX5.L tracks the MSCI EMU NR EUR while CMB1.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 10 years, ISX5.L returned 13.42%/yr vs 17.43%/yr for CMB1.L. A 0.79 correlation means they provide meaningful diversification when combined. ISX5.L charges 0.00%/yr vs 0.33%/yr for CMB1.L.

Performance

ISX5.L vs. CMB1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core EURO STOXX 50 UCITS ETF (ISX5.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

ISX5.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, ISX5.L achieves a 6.98% return, which is significantly lower than CMB1.L's 14.71% return. Over the past 10 years, ISX5.L has underperformed CMB1.L with an annualized return of 13.42%, while CMB1.L has yielded a comparatively higher 17.43% annualized return.

ISX5.L

1D
1.09%
1M
1.30%
YTD
6.98%
6M
7.17%
1Y
19.65%
3Y*
18.41%
5Y*
10.88%
10Y*
13.42%

CMB1.L

1D
0.24%
1M
1.34%
YTD
14.71%
6M
14.94%
1Y
33.72%
3Y*
31.39%
5Y*
19.38%
10Y*
17.43%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISX5.L vs. CMB1.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ISX5.L
iShares Core EURO STOXX 50 UCITS ETF		6.98%37.35%4.59%26.91%-13.63%13.94%6.81%25.61%1.58%9.70%
CMB1.L
iShares FTSE MIB UCITS ETF (Acc)		14.71%54.68%11.37%37.57%-13.87%17.22%4.63%29.84%-18.67%34.14%

Correlation

The correlation between ISX5.L and CMB1.L is 0.83, 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

0.83

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

0.86

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

0.87

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

0.79

The correlation between ISX5.L and CMB1.L has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.

ISX5.L vs. CMB1.L - Sectors Allocation Comparison

Sectors
ISX5.L
CMB1.L

Financial Services

26.2%
47.2%

Industrials

22.2%
11.1%

Technology

16.3%
6.0%

Consumer Cyclical

9.8%
9.2%

Consumer Defensive

5.4%
0.4%

Healthcare

5.1%
1.1%

Utilities

4.8%
15.3%

Energy

4.7%
7.2%

Basic Materials

3.4%
0.5%

Communication Services

2.1%
1.8%

Real Estate

-

0.3%

Financial Services

ISX5.L
26.2%
CMB1.L
47.2%

Industrials

ISX5.L
22.2%
CMB1.L
11.1%

Technology

ISX5.L
16.3%
CMB1.L
6.0%

Consumer Cyclical

ISX5.L
9.8%
CMB1.L
9.2%

Consumer Defensive

ISX5.L
5.4%
CMB1.L
0.4%

Healthcare

ISX5.L
5.1%
CMB1.L
1.1%

Utilities

ISX5.L
4.8%
CMB1.L
15.3%

Energy

ISX5.L
4.7%
CMB1.L
7.2%

Basic Materials

ISX5.L
3.4%
CMB1.L
0.5%

Communication Services

ISX5.L
2.1%
CMB1.L
1.8%

Real Estate

ISX5.L

-

CMB1.L
0.3%

Compare stocks, funds, or ETFs

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iShares Core EURO STOXX 50 UCITS ETF

iShares FTSE MIB UCITS ETF (Acc)

Often compared with ISX5.L:
ISX5.L vs. ^IBEXISX5.L vs. CSX5.LISX5.L vs. VGKISX5.L vs. ISEU.LISX5.L vs. VERX.ASISX5.L vs. AME6.DEISX5.L vs. RQFI.DE
Often compared with CMB1.L:
CMB1.L vs. XDEM.LCMB1.L vs. H50E.LCMB1.L vs. IITU.LCMB1.L vs. SPYCMB1.L vs. IQSA.LCMB1.L vs. X7PP.LCMB1.L vs. EQQQ.L

Return for Risk

ISX5.L vs. CMB1.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ISX5.L
ISX5.L Risk / Return Rank: 3434
Overall Rank
ISX5.L Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
ISX5.L Sortino Ratio Rank: 3535
Sortino Ratio Rank
ISX5.L Omega Ratio Rank: 3333
Omega Ratio Rank
ISX5.L Calmar Ratio Rank: 3333
Calmar Ratio Rank
ISX5.L Martin Ratio Rank: 3737
Martin Ratio Rank
CMB1.L
CMB1.L Risk / Return Rank: 8484
Overall Rank
CMB1.L Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
CMB1.L Sortino Ratio Rank: 8787
Sortino Ratio Rank
CMB1.L Omega Ratio Rank: 8484
Omega Ratio Rank
CMB1.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
CMB1.L Martin Ratio Rank: 8080
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.

ISX5.L vs. CMB1.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core EURO STOXX 50 UCITS ETF (ISX5.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.

ISX5.LCMB1.LDifference
Sharpe ratioReturn per unit of total volatility
1.08
1.96

-0.88

Sortino ratioReturn per unit of downside risk
1.69
2.71

-1.03

Omega ratioGain probability vs. loss probability

1.21

1.34

-0.14

Calmar ratioReturn relative to maximum drawdown

1.51

2.98

-1.47

Martin ratioReturn relative to average drawdown

5.10

10.46

-5.37

ISX5.L vs. CMB1.L - Sharpe Ratio Comparison

The current ISX5.L Sharpe Ratio is 1.08, which is lower than the CMB1.L Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of ISX5.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

ISX5.L vs. CMB1.L - Drawdown Comparison

The maximum ISX5.L drawdown since its inception was -38.62%, smaller than the maximum CMB1.L drawdown of -57.87%. Use the drawdown chart below to compare losses from any high point for ISX5.L and CMB1.L.

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Drawdown Indicators

ISX5.LCMB1.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.62%

-57.87%

+19.25%

Max Drawdown (1Y)

Largest decline over 1 year

-12.92%

-11.25%

-1.67%

Max Drawdown (3Y)

Largest decline over 3 years

-15.36%

-17.48%

+2.12%

Max Drawdown (5Y)

Largest decline over 5 years

-34.86%

-35.65%

+0.79%

Max Drawdown (10Y)

Largest decline over 10 years

-38.62%

-41.93%

+3.31%

Current Drawdown

Current decline from peak

-2.21%

-3.21%

+1.00%

Average Drawdown

Average peak-to-trough decline

-8.32%

-19.32%

+11.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.85%

3.21%

+0.64%

Volatility

ISX5.L vs. CMB1.L - Volatility Comparison

iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.L) have volatilities of 4.53% and 4.68%, 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

ISX5.LCMB1.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.53%

4.68%

-0.15%

Volatility (6M)

Calculated over the trailing 6-month period

15.31%

14.15%

+1.16%

Volatility (1Y)

Calculated over the trailing 1-year period

18.11%

17.09%

+1.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.90%

21.22%

+0.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.76%

22.24%

-0.48%

ISX5.L vs. CMB1.L - Expense Ratio Comparison

ISX5.L has a 0.00% expense ratio, which is lower than CMB1.L's 0.33% expense ratio.

Dividends

ISX5.L vs. CMB1.L - Dividend Comparison

Neither ISX5.L nor CMB1.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

ISX5.L and CMB1.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ISX5.L is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ISX5.L is cheaper with a 0.00% expense ratio, compared with 0.33% for CMB1.L.

ISX5.L tracks MSCI EMU NR EUR, while CMB1.L tracks FTSE Italia AllShare TR EUR. Their fees differ too: 0.00% for ISX5.L and 0.33% for CMB1.L.

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