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

MIBX.L vs. IEVL.L

Last updated Jun 5, 2026

MIBX.L (Lyxor FTSE MIB UCITS ETF - Dist) and IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) are both Europe Equities funds - MIBX.L tracks the FTSE Italia AllShare TR EUR while IEVL.L tracks the MSCI Europe Enhanced Value Index. Both are passively managed. Over the past 10 years, MIBX.L returned 16.09%/yr vs 11.78%/yr for IEVL.L. Their correlation of 0.82 suggests significant overlap in exposure. MIBX.L charges 0.35%/yr vs 0.25%/yr for IEVL.L.

Performance

MIBX.L vs. IEVL.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 Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

MIBX.L is traded in GBp, while IEVL.L is traded in EUR. To make them comparable, the IEVL.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with MIBX.L having a 13.44% return and IEVL.L slightly lower at 13.11%. Over the past 10 years, MIBX.L has outperformed IEVL.L with an annualized return of 16.09%, while IEVL.L has yielded a comparatively lower 11.78% 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%

IEVL.L

1D
0.17%
1M
4.83%
YTD
13.11%
6M
15.93%
1Y
36.39%
3Y*
21.80%
5Y*
14.64%
10Y*
11.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
IEVL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating		13.06%42.23%5.56%11.28%1.19%19.17%-3.59%14.85%-12.63%15.13%

Correlation

The correlation between MIBX.L and IEVL.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

0.85

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

0.82

Correlation (All Time)
Calculated using the full available price history since Jan 20, 2015

0.82

The correlation between MIBX.L and IEVL.L has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.

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

Sectors
MIBX.L
IEVL.L

Financial Services

45.1%
22.6%

Utilities

17.2%
4.5%

Industrials

10.7%
17.0%

Consumer Cyclical

10.0%
6.2%

Energy

8.8%
5.1%

Technology

4.6%
12.2%

Healthcare

1.1%
12.3%

Communication Services

1.1%
3.7%

Basic Materials

0.6%
6.2%

Consumer Defensive

0.5%
8.6%

Real Estate

0.3%
0.6%

Financial Services

MIBX.L
45.1%
IEVL.L
22.6%

Utilities

MIBX.L
17.2%
IEVL.L
4.5%

Industrials

MIBX.L
10.7%
IEVL.L
17.0%

Consumer Cyclical

MIBX.L
10.0%
IEVL.L
6.2%

Energy

MIBX.L
8.8%
IEVL.L
5.1%

Technology

MIBX.L
4.6%
IEVL.L
12.2%

Healthcare

MIBX.L
1.1%
IEVL.L
12.3%

Communication Services

MIBX.L
1.1%
IEVL.L
3.7%

Basic Materials

MIBX.L
0.6%
IEVL.L
6.2%

Consumer Defensive

MIBX.L
0.5%
IEVL.L
8.6%

Real Estate

MIBX.L
0.3%
IEVL.L
0.6%

Compare stocks, funds, or ETFs

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Lyxor FTSE MIB UCITS ETF - Dist

iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating

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. BNKE.LMIBX.L vs. 500G.L
Often compared with IEVL.L:
IEVL.L vs. AINF.LIEVL.L vs. FBTU.LIEVL.L vs. IUCS.LIEVL.L vs. CSKR.LIEVL.L vs. 36BA.DEIEVL.L vs. IEMA.LIEVL.L vs. GLD

Return for Risk

MIBX.L vs. IEVL.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: 6767
Overall Rank
MIBX.L Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
MIBX.L Sortino Ratio Rank: 6767
Sortino Ratio Rank
MIBX.L Omega Ratio Rank: 6666
Omega Ratio Rank
MIBX.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
MIBX.L Martin Ratio Rank: 6666
Martin Ratio Rank
IEVL.L
IEVL.L Risk / Return Rank: 7272
Overall Rank
IEVL.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IEVL.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IEVL.L Omega Ratio Rank: 7575
Omega Ratio Rank
IEVL.L Calmar Ratio Rank: 6868
Calmar Ratio Rank
IEVL.L Martin Ratio Rank: 6868
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. IEVL.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 Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.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.

MIBX.LIEVL.LDifference
Sharpe ratioReturn per unit of total volatility
2.23
2.68

-0.45

Sortino ratioReturn per unit of downside risk
3.03
3.61

-0.57

Omega ratioGain probability vs. loss probability

1.39

1.48

-0.09

Calmar ratioReturn relative to maximum drawdown

3.28

3.42

-0.14

Martin ratioReturn relative to average drawdown

11.88

12.70

-0.82

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. IEVL.L - Sharpe Ratio Comparison

The current MIBX.L Sharpe Ratio is 2.23, which is comparable to the IEVL.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of MIBX.L and IEVL.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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Sharpe Ratios by Period

MIBX.LIEVL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.23

2.68

-0.45

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.10

0.96

+0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.84

0.69

+0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.61

0.58

+0.04

Drawdowns

MIBX.L vs. IEVL.L - Drawdown Comparison

The maximum MIBX.L drawdown since its inception was -35.10%, roughly equal to the maximum IEVL.L drawdown of -34.82%. Use the drawdown chart below to compare losses from any high point for MIBX.L and IEVL.L.

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Drawdown Indicators

MIBX.LIEVL.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.10%

-34.82%

-0.28%

Max Drawdown (1Y)

Largest decline over 1 year

-10.26%

-10.59%

+0.33%

Max Drawdown (3Y)

Largest decline over 3 years

-15.64%

-16.33%

+0.69%

Max Drawdown (5Y)

Largest decline over 5 years

-24.05%

-16.48%

-7.57%

Max Drawdown (10Y)

Largest decline over 10 years

-35.10%

-34.82%

-0.28%

Current Drawdown

Current decline from peak

-0.67%

-0.82%

+0.15%

Average Drawdown

Average peak-to-trough decline

-7.07%

-6.05%

-1.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.84%

2.86%

-0.02%

Volatility

MIBX.L vs. IEVL.L - Volatility Comparison

The current volatility for Lyxor FTSE MIB UCITS ETF - Dist (MIBX.L) is 4.47%, while iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) has a volatility of 4.85%. This indicates that MIBX.L experiences smaller price fluctuations and is considered to be less risky than IEVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MIBX.LIEVL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.47%

4.85%

-0.38%

Volatility (6M)

Calculated over the trailing 6-month period

12.15%

11.06%

+1.09%

Volatility (1Y)

Calculated over the trailing 1-year period

15.08%

13.52%

+1.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.95%

15.24%

+2.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.16%

17.13%

+2.03%

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

MIBX.L has a 0.35% expense ratio, which is higher than IEVL.L's 0.25% expense ratio.

Dividends

MIBX.L vs. IEVL.L - Dividend Comparison

MIBX.L's dividend yield for the trailing twelve months is around 3.25%, while IEVL.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IEVL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating		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		3.25%3.68%3.93%3.72%3.89%2.08%1.55%4.02%4.05%2.75%3.56%3.05%

Frequently Asked Questions

MIBX.L and IEVL.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, IEVL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IEVL.L is cheaper with a 0.25% expense ratio, compared with 0.35% for MIBX.L.

MIBX.L tracks FTSE Italia AllShare TR EUR, while IEVL.L tracks MSCI Europe Enhanced Value Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.35% for MIBX.L and 0.25% for IEVL.L.

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