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MIBX.L vs. CUKS.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MIBX.L vs. CUKS.L

Last updated Jun 26, 2026

MIBX.L (Lyxor FTSE MIB UCITS ETF - Dist) and CUKS.L (iShares MSCI UK Small Cap UCITS ETF (Acc)) are both Europe Equities funds - MIBX.L tracks the FTSE Italia AllShare TR EUR while CUKS.L tracks the FTSE Small Cap Ex Invest Trust TR GBP. Both are passively managed. Over the past 10 years, MIBX.L returned 17.49%/yr vs 6.40%/yr for CUKS.L. A 0.60 correlation means they provide meaningful diversification when combined. MIBX.L charges 0.35%/yr vs 0.58%/yr for CUKS.L.

Performance

MIBX.L vs. CUKS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor FTSE MIB UCITS ETF - Dist (MIBX.L) and iShares MSCI UK Small Cap UCITS ETF (Acc) (CUKS.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MIBX.L achieves a 17.04% return, which is significantly higher than CUKS.L's 3.89% return. Over the past 10 years, MIBX.L has outperformed CUKS.L with an annualized return of 17.49%, while CUKS.L has yielded a comparatively lower 6.40% annualized return.

MIBX.L

1D
0.07%
1M
3.30%
YTD
17.04%
6M
17.60%
1Y
38.44%
3Y*
29.72%
5Y*
20.55%
10Y*
17.49%

CUKS.L

1D
0.53%
1M
0.27%
YTD
3.89%
6M
4.43%
1Y
10.46%
3Y*
12.19%
5Y*
1.72%
10Y*
6.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MIBX.L vs. CUKS.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MIBX.L
Lyxor FTSE MIB UCITS ETF - Dist		17.04%43.78%13.17%30.61%-3.53%18.16%1.49%25.15%-12.72%21.14%
CUKS.L
iShares MSCI UK Small Cap UCITS ETF (Acc)		3.89%14.90%5.74%9.76%-22.81%14.33%-6.24%29.73%-15.36%20.13%

Correlation

The correlation between MIBX.L and CUKS.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.49

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

0.59

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

0.64

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

0.58

Correlation (All Time)
Calculated using the full available price history since Sep 22, 2010

0.60

The correlation between MIBX.L and CUKS.L shifts across timeframes, from 0.49 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.

MIBX.L vs. CUKS.L - Sectors Allocation Comparison

Sectors
MIBX.L
CUKS.L

Financial Services

45.3%
23.3%

Utilities

15.9%
2.6%

Industrials

11.4%
20.6%

Consumer Cyclical

9.9%
18.1%

Energy

7.9%
3.3%

Technology

5.5%
3.8%

Communication Services

1.7%
6.8%

Healthcare

1.2%
3.1%

Basic Materials

0.5%
6.0%

Consumer Defensive

0.4%
3.9%

Real Estate

0.3%
8.5%

Financial Services

MIBX.L
45.3%
CUKS.L
23.3%

Utilities

MIBX.L
15.9%
CUKS.L
2.6%

Industrials

MIBX.L
11.4%
CUKS.L
20.6%

Consumer Cyclical

MIBX.L
9.9%
CUKS.L
18.1%

Energy

MIBX.L
7.9%
CUKS.L
3.3%

Technology

MIBX.L
5.5%
CUKS.L
3.8%

Communication Services

MIBX.L
1.7%
CUKS.L
6.8%

Healthcare

MIBX.L
1.2%
CUKS.L
3.1%

Basic Materials

MIBX.L
0.5%
CUKS.L
6.0%

Consumer Defensive

MIBX.L
0.4%
CUKS.L
3.9%

Real Estate

MIBX.L
0.3%
CUKS.L
8.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Lyxor FTSE MIB UCITS ETF - Dist

iShares MSCI UK Small Cap UCITS ETF (Acc)

Often compared with MIBX.L:
MIBX.L vs. PRY.MIMIBX.L vs. DAXMIBX.L vs. VUSA.LMIBX.L vs. SPYMIBX.L vs. FLXD.LMIBX.L vs. 500G.LMIBX.L vs. BNKE.L
Often compared with CUKS.L:
CUKS.L vs. VMIG.LCUKS.L vs. MIDD.LCUKS.L vs. IITU.LCUKS.L vs. CUKX.LCUKS.L vs. AEICUKS.L vs. VUKG.LCUKS.L vs. AVUV

Return for Risk

MIBX.L vs. CUKS.L — 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: 8484
Overall Rank
MIBX.L Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
MIBX.L Sortino Ratio Rank: 8787
Sortino Ratio Rank
MIBX.L Omega Ratio Rank: 8484
Omega Ratio Rank
MIBX.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
MIBX.L Martin Ratio Rank: 7979
Martin Ratio Rank
CUKS.L
CUKS.L Risk / Return Rank: 2222
Overall Rank
CUKS.L Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
CUKS.L Sortino Ratio Rank: 2222
Sortino Ratio Rank
CUKS.L Omega Ratio Rank: 2222
Omega Ratio Rank
CUKS.L Calmar Ratio Rank: 2020
Calmar Ratio Rank
CUKS.L Martin Ratio Rank: 2323
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.

MIBX.L vs. CUKS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor FTSE MIB UCITS ETF - Dist (MIBX.L) and iShares MSCI UK Small Cap UCITS ETF (Acc) (CUKS.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.

MIBX.LCUKS.LDifference
Sharpe ratioReturn per unit of total volatility
2.54
0.76

+1.77

Sortino ratioReturn per unit of downside risk
3.41
1.19

+2.22

Omega ratioGain probability vs. loss probability

1.44

1.15

+0.30

Calmar ratioReturn relative to maximum drawdown

3.73

0.85

+2.88

Martin ratioReturn relative to average drawdown

13.56

2.66

+10.90

MIBX.L vs. CUKS.L - Sharpe Ratio Comparison

The current MIBX.L Sharpe Ratio is 2.54, which is higher than the CUKS.L Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of MIBX.L and CUKS.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

MIBX.L vs. CUKS.L - Drawdown Comparison

The maximum MIBX.L drawdown since its inception was -67.93%, which is greater than CUKS.L's maximum drawdown of -42.42%. Use the drawdown chart below to compare losses from any high point for MIBX.L and CUKS.L.

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Drawdown Indicators

MIBX.LCUKS.LDifference

Max Drawdown

Largest peak-to-trough decline

-67.93%

-42.42%

-25.51%

Max Drawdown (1Y)

Largest decline over 1 year

-10.26%

-12.28%

+2.02%

Max Drawdown (3Y)

Largest decline over 3 years

-15.64%

-16.88%

+1.24%

Max Drawdown (5Y)

Largest decline over 5 years

-24.06%

-35.35%

+11.29%

Max Drawdown (10Y)

Largest decline over 10 years

-35.10%

-42.42%

+7.32%

Current Drawdown

Current decline from peak

-2.69%

-2.89%

+0.20%

Average Drawdown

Average peak-to-trough decline

-39.84%

-8.96%

-30.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.83%

3.92%

-1.09%

Volatility

MIBX.L vs. CUKS.L - Volatility Comparison

Lyxor FTSE MIB UCITS ETF - Dist (MIBX.L) and iShares MSCI UK Small Cap UCITS ETF (Acc) (CUKS.L) have volatilities of 3.85% and 3.73%, 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

MIBX.LCUKS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.85%

3.73%

+0.12%

Volatility (6M)

Calculated over the trailing 6-month period

12.39%

11.40%

+0.99%

Volatility (1Y)

Calculated over the trailing 1-year period

15.10%

13.64%

+1.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.95%

16.02%

+1.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.93%

16.75%

+2.18%

MIBX.L vs. CUKS.L - Expense Ratio Comparison

MIBX.L has a 0.35% expense ratio, which is lower than CUKS.L's 0.58% expense ratio.

Dividends

MIBX.L vs. CUKS.L - Dividend Comparison

MIBX.L's dividend yield for the trailing twelve months is around 3.15%, while CUKS.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CUKS.L
iShares MSCI UK Small Cap UCITS ETF (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
MIBX.L
Lyxor FTSE MIB UCITS ETF - Dist		3.15%3.68%3.93%3.73%3.88%2.09%1.55%4.02%4.05%2.75%3.56%3.05%

Frequently Asked Questions

MIBX.L and CUKS.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, MIBX.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

MIBX.L is cheaper with a 0.35% expense ratio, compared with 0.58% for CUKS.L.

MIBX.L tracks FTSE Italia AllShare TR EUR, while CUKS.L tracks FTSE Small Cap Ex Invest Trust TR GBP. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.35% for MIBX.L and 0.58% for CUKS.L.

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