MIBX.L vs. ^IBEX

Last updated Jun 5, 2026

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 16.09%/yr vs 8.60%/yr for ^IBEX. A 0.77 correlation means they provide meaningful diversification when combined.

Performance

MIBX.L vs. ^IBEX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor FTSE MIB UCITS ETF - Dist (MIBX.L) and IBEX 35 Index (^IBEX). The values are adjusted to include any dividend payments, if applicable.

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 13.44% return, which is significantly higher than ^IBEX's 4.77% return. Over the past 10 years, MIBX.L has outperformed ^IBEX with an annualized return of 16.09%, while ^IBEX has yielded a comparatively lower 8.60% annualized return.

MIBX.L

• 1D: 0.02%
• 1M: 4.97%
• YTD: 13.44%
• 6M: 16.78%
• 1Y: 33.80%
• 3Y*: 28.91%
• 5Y*: 19.80%
• 10Y*: 16.09%

^IBEX

• 1D: 0.63%
• 1M: 1.03%
• YTD: 4.77%
• 6M: 8.45%
• 1Y: 32.00%
• 3Y*: 25.47%
• 5Y*: 15.15%
• 10Y*: 8.60%

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

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	13.44%	43.78%	13.17%	30.61%	-3.53%	18.16%	1.49%	25.15%	-12.72%	21.14%
^IBEX IBEX 35 Index	4.77%	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 0.79, 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	0.79
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 Aug 28, 2014	0.77

The correlation between MIBX.L and ^IBEX has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.

Return for Risk

MIBX.L vs. ^IBEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MIBX.L

MIBX.L Risk / Return Rank: 67
MIBX.L Sharpe Ratio Rank: 69
MIBX.L Sortino Ratio Rank: 67
MIBX.L Omega Ratio Rank: 66
MIBX.L Calmar Ratio Rank: 67
MIBX.L Martin Ratio Rank: 66

^IBEX

^IBEX Risk / Return Rank: 68
^IBEX Sharpe Ratio Rank: 64
^IBEX Sortino Ratio Rank: 65
^IBEX Omega Ratio Rank: 69
^IBEX Calmar Ratio Rank: 75
^IBEX Martin Ratio Rank: 68

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.

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.

	MIBX.L	^IBEX	Difference
Sharpe ratio: Return per unit of total volatility	2.23	2.03	+0.20
Sortino ratio: Return per unit of downside risk	3.03	2.77	+0.27
Omega ratio: Gain probability vs. loss probability	1.39	1.37	+0.02
Calmar ratio: Return relative to maximum drawdown	3.28	3.08	+0.20
Martin ratio: Return relative to average drawdown	11.88	9.94	+1.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MIBX.L vs. ^IBEX - Sharpe Ratio Comparison

The current MIBX.L Sharpe Ratio is 2.23, which is comparable to the ^IBEX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of MIBX.L and ^IBEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MIBX.L	^IBEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	2.03	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.10	0.89	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	0.46	+0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.10	+0.51

Drawdowns

MIBX.L vs. ^IBEX - Drawdown Comparison

The maximum MIBX.L drawdown since its inception was -35.10%, smaller than the maximum ^IBEX drawdown of -59.52%. Use the drawdown chart below to compare losses from any high point for MIBX.L and ^IBEX.

Drawdown Indicators

	MIBX.L	^IBEX	Difference
Max Drawdown Largest peak-to-trough decline	-35.10%	-59.52%	+24.42%
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	-24.05%	-20.57%	-3.48%
Max Drawdown (10Y) Largest decline over 10 years	-35.10%	-42.73%	+7.63%
Current Drawdown Current decline from peak	-0.67%	-2.32%	+1.65%
Average Drawdown Average peak-to-trough decline	-7.07%	-27.01%	+19.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	3.27%	-0.43%

Volatility

MIBX.L vs. ^IBEX - Volatility Comparison

Lyxor FTSE MIB UCITS ETF - Dist (MIBX.L) and IBEX 35 Index (^IBEX) have volatilities of 4.47% and 4.35%, 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.

Volatility by Period

	MIBX.L	^IBEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	4.35%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	12.15%	13.23%	-1.08%
Volatility (1Y) Calculated over the trailing 1-year period	15.08%	15.83%	-0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.95%	16.61%	+1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.16%	18.36%	+0.80%

Frequently Asked Questions

Can I hold both MIBX.L and ^IBEX in my portfolio?

MIBX.L and ^IBEX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.