MIBX.L vs. ^IBEX
MIBX.L (Lyxor FTSE MIB UCITS ETF - Dist) is Europe Equities fund tracking the FTSE Italia AllShare TR EUR, while ^IBEX (IBEX 35 Index) is an index. Over the past 10 years, MIBX.L returned 16.42%/yr vs 8.75%/yr for ^IBEX. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
MIBX.L vs. ^IBEX - Performance Comparison
Loading charts...
Different Trading Currencies
MIBX.L is traded in GBp, while ^IBEX is traded in EUR. To make them comparable, the ^IBEX values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, MIBX.L achieves a 18.63% return, which is significantly higher than ^IBEX's 9.43% return. Over the past 10 years, MIBX.L has outperformed ^IBEX with an annualized return of 16.42%, while ^IBEX has yielded a comparatively lower 8.75% annualized return.
MIBX.L
- 1D
- 0.50%
- 1M
- 1.17%
- 6M
- 17.18%
- YTD
- 18.63%
- 1Y
- 35.91%
- 3Y*
- 28.13%
- 5Y*
- 21.70%
- 10Y*
- 16.42%
^IBEX
- 1D
- 0.00%
- 1M
- 0.39%
- 6M
- 7.74%
- YTD
- 9.43%
- 1Y
- 37.30%
- 3Y*
- 26.83%
- 5Y*
- 17.76%
- 10Y*
- 8.75%
MIBX.L vs. ^IBEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIBX.L Lyxor FTSE MIB UCITS ETF - Dist | 18.63% | 43.78% | 13.17% | 30.61% | -3.53% | 18.16% | 1.49% | 25.15% | -12.72% | 21.14% |
^IBEX IBEX 35 Index | 9.43% | 57.26% | 9.56% | 20.31% | -0.39% | 1.23% | -10.67% | 5.47% | -14.13% | 11.98% |
Correlation
The correlation between MIBX.L and ^IBEX is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.70 |
The correlation between MIBX.L and ^IBEX has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MIBX.L vs. ^IBEX — Risk / Return Rank
MIBX.L
^IBEX
MIBX.L vs. ^IBEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor FTSE MIB UCITS ETF - Dist (MIBX.L) and IBEX 35 Index (^IBEX). 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.
| MIBX.L | ^IBEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.41 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 3.52 | -0.14 |
| Martin ratioReturn relative to average drawdown | 12.08 | 11.29 | +0.79 |
Loading charts...
Drawdowns
MIBX.L vs. ^IBEX - Drawdown Comparison
The maximum MIBX.L drawdown since its inception was -67.93%, which is greater than ^IBEX's maximum drawdown of -59.52%. Use the drawdown chart below to compare losses from any high point for MIBX.L and ^IBEX.
Loading charts...
Drawdown Indicators
| MIBX.L | ^IBEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.93% | -59.52% | -8.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.26% | -10.44% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -15.64% | -10.44% | -5.20% |
Max Drawdown (5Y)Largest decline over 5 years | -24.06% | -19.13% | -4.93% |
Max Drawdown (10Y)Largest decline over 10 years | -35.10% | -42.73% | +7.63% |
Current DrawdownCurrent decline from peak | -1.36% | -2.92% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -39.74% | -27.03% | -12.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 3.28% | -0.40% |
Volatility
MIBX.L vs. ^IBEX - Volatility Comparison
The current volatility for Lyxor FTSE MIB UCITS ETF - Dist (MIBX.L) is 3.87%, while IBEX 35 Index (^IBEX) has a volatility of 4.36%. This indicates that MIBX.L experiences smaller price fluctuations and is considered to be less risky than ^IBEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MIBX.L | ^IBEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 4.36% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.60% | 14.00% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 16.14% | -0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.93% | 16.65% | +1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.83% | 18.22% | +0.61% |
Frequently Asked Questions
MIBX.L and ^IBEX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for MIBX.L and ^IBEX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer