LDEU.L vs. IMIB.L
LDEU.L (L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF EUR (Dist)) and IMIB.L (iShares FTSE MIB UCITS ETF EUR (Dist)) are both Europe Equities funds - LDEU.L tracks the FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality Net Tax Index while IMIB.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 5 years, LDEU.L returned 17.14%/yr vs 21.27%/yr for IMIB.L. Their correlation of 0.86 suggests significant overlap in exposure. LDEU.L charges 0.25%/yr vs 0.35%/yr for IMIB.L.
Performance
LDEU.L vs. IMIB.L - Performance Comparison
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Different Trading Currencies
LDEU.L is traded in EUR, while IMIB.L is traded in GBp. To make them comparable, the IMIB.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, LDEU.L achieves a 15.44% return, which is significantly lower than IMIB.L's 18.87% return.
LDEU.L
- 1D
- 0.17%
- 1M
- 0.73%
- 6M
- 12.07%
- YTD
- 15.44%
- 1Y
- 29.48%
- 3Y*
- 25.10%
- 5Y*
- 17.14%
- 10Y*
- —
IMIB.L
- 1D
- -0.59%
- 1M
- -0.90%
- 6M
- 16.34%
- YTD
- 18.87%
- 1Y
- 34.79%
- 3Y*
- 27.51%
- 5Y*
- 21.27%
- 10Y*
- 15.43%
LDEU.L vs. IMIB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LDEU.L L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF EUR (Dist) | 15.44% | 37.56% | 14.64% | 16.76% | -3.16% | 9.14% |
IMIB.L iShares FTSE MIB UCITS ETF EUR (Dist) | 18.87% | 36.28% | 18.63% | 33.31% | -8.56% | 14.91% |
Correlation
The correlation between LDEU.L and IMIB.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.86 |
The correlation between LDEU.L and IMIB.L has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.
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Return for Risk
LDEU.L vs. IMIB.L — Risk / Return Rank
LDEU.L
IMIB.L
LDEU.L vs. IMIB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF EUR (Dist) (LDEU.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.
| LDEU.L | IMIB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.41 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 3.71 | +0.60 |
| Martin ratioReturn relative to average drawdown | 15.09 | 13.42 | +1.67 |
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Drawdowns
LDEU.L vs. IMIB.L - Drawdown Comparison
The maximum LDEU.L drawdown since its inception was -20.16%, smaller than the maximum IMIB.L drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for LDEU.L and IMIB.L.
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Drawdown Indicators
| LDEU.L | IMIB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.16% | -74.08% | +53.92% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -9.33% | +2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -14.78% | -17.52% | +2.74% |
Max Drawdown (5Y)Largest decline over 5 years | -20.16% | -25.04% | +4.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.31% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.90% | +1.90% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -40.05% | +37.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.59% | -0.64% |
Volatility
LDEU.L vs. IMIB.L - Volatility Comparison
The current volatility for L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF EUR (Dist) (LDEU.L) is 2.73%, while iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L) has a volatility of 3.64%. This indicates that LDEU.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
| LDEU.L | IMIB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 3.64% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 9.36% | 12.36% | -3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.64% | 15.16% | -3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.38% | 18.06% | -3.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.24% | 19.44% | -5.20% |
LDEU.L vs. IMIB.L - Expense Ratio Comparison
LDEU.L has a 0.25% expense ratio, which is lower than IMIB.L's 0.35% expense ratio.
Dividends
LDEU.L vs. IMIB.L - Dividend Comparison
LDEU.L's dividend yield for the trailing twelve months is around 3.50%, less than IMIB.L's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMIB.L iShares FTSE MIB UCITS ETF EUR (Dist) | 3.78% | 3.83% | 4.53% | 3.77% | 3.90% | 3.15% | 1.44% | 3.41% | 0.00% | 0.61% | 2.82% | 2.15% |
LDEU.L L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF EUR (Dist) | 3.50% | 3.47% | 4.36% | 4.44% | 4.17% | 2.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LDEU.L and IMIB.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LDEU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LDEU.L is cheaper with a 0.25% expense ratio, compared with 0.35% for IMIB.L.
LDEU.L tracks FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality Net Tax Index, while IMIB.L tracks FTSE Italia AllShare TR EUR. They also come from different issuers: L&G and iShares. Their fees differ too: 0.25% for LDEU.L and 0.35% for IMIB.L.
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