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

MIBX.L vs. IMV.L

Last updated Jun 5, 2026

MIBX.L (Lyxor FTSE MIB UCITS ETF - Dist) and IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) are both Europe Equities funds - MIBX.L tracks the FTSE Italia AllShare TR EUR while IMV.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, MIBX.L returned 16.09%/yr vs 7.68%/yr for IMV.L. A 0.69 correlation means they provide meaningful diversification when combined. MIBX.L charges 0.35%/yr vs 0.25%/yr for IMV.L.

Performance

MIBX.L vs. IMV.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 Min Volatility UCITS (IMV.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 13.44% return, which is significantly higher than IMV.L's 4.72% return. Over the past 10 years, MIBX.L has outperformed IMV.L with an annualized return of 16.09%, while IMV.L has yielded a comparatively lower 7.68% annualized return.

MIBX.L

1D
0.02%
1M
2.17%
YTD
13.44%
6M
16.90%
1Y
32.99%
3Y*
28.91%
5Y*
19.80%
10Y*
16.09%

IMV.L

1D
0.51%
1M
-0.33%
YTD
4.72%
6M
6.08%
1Y
8.16%
3Y*
10.49%
5Y*
7.54%
10Y*
7.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MIBX.L vs. IMV.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%
IMV.L
iShares Edge MSCI Europe Min Volatility UCITS		4.72%17.66%6.63%8.56%-7.83%13.68%1.50%16.37%-2.91%13.29%

Correlation

The correlation between MIBX.L and IMV.L is 0.57, 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

0.57

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

0.64

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

0.67

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

0.68

Correlation (All Time)
Calculated using the full available price history since Aug 28, 2014

0.69

The correlation between MIBX.L and IMV.L shifts across timeframes, from 0.57 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.

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

Sectors
MIBX.L
IMV.L

Financial Services

45.1%
17.9%

Utilities

17.2%
10.2%

Industrials

10.7%
15.4%

Consumer Cyclical

10.0%
3.6%

Energy

8.8%
7.1%

Technology

4.6%
2.8%

Healthcare

1.1%
13.0%

Communication Services

1.1%
9.6%

Basic Materials

0.6%
5.6%

Consumer Defensive

0.5%
13.1%

Real Estate

0.3%
1.6%

Financial Services

MIBX.L
45.1%
IMV.L
17.9%

Utilities

MIBX.L
17.2%
IMV.L
10.2%

Industrials

MIBX.L
10.7%
IMV.L
15.4%

Consumer Cyclical

MIBX.L
10.0%
IMV.L
3.6%

Energy

MIBX.L
8.8%
IMV.L
7.1%

Technology

MIBX.L
4.6%
IMV.L
2.8%

Healthcare

MIBX.L
1.1%
IMV.L
13.0%

Communication Services

MIBX.L
1.1%
IMV.L
9.6%

Basic Materials

MIBX.L
0.6%
IMV.L
5.6%

Consumer Defensive

MIBX.L
0.5%
IMV.L
13.1%

Real Estate

MIBX.L
0.3%
IMV.L
1.6%

Compare stocks, funds, or ETFs

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Lyxor FTSE MIB UCITS ETF - Dist

iShares Edge MSCI Europe Min Volatility UCITS

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 IMV.L:
IMV.L vs. MIVO.LIMV.L vs. SPYIMV.L vs. MINV.LIMV.L vs. XDEQ.LIMV.L vs. MVUS.LIMV.L vs. UB06.LIMV.L vs. CSWG.L

Return for Risk

MIBX.L vs. IMV.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
IMV.L
IMV.L Risk / Return Rank: 2424
Overall Rank
IMV.L Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
IMV.L Sortino Ratio Rank: 2424
Sortino Ratio Rank
IMV.L Omega Ratio Rank: 2626
Omega Ratio Rank
IMV.L Calmar Ratio Rank: 2222
Calmar Ratio Rank
IMV.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. IMV.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 Min Volatility UCITS (IMV.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.LIMV.LDifference
Sharpe ratioReturn per unit of total volatility
2.23
0.91

+1.32

Sortino ratioReturn per unit of downside risk
3.03
1.27

+1.76

Omega ratioGain probability vs. loss probability

1.39

1.17

+0.22

Calmar ratioReturn relative to maximum drawdown

3.28

0.97

+2.31

Martin ratioReturn relative to average drawdown

11.88

2.92

+8.96

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. IMV.L - Sharpe Ratio Comparison

The current MIBX.L Sharpe Ratio is 2.23, which is higher than the IMV.L Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of MIBX.L and IMV.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.LIMV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.23

0.91

+1.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.10

0.69

+0.42

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.84

0.62

+0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.61

0.71

-0.10

Drawdowns

MIBX.L vs. IMV.L - Drawdown Comparison

The maximum MIBX.L drawdown since its inception was -35.10%, which is greater than IMV.L's maximum drawdown of -24.48%. Use the drawdown chart below to compare losses from any high point for MIBX.L and IMV.L.

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Drawdown Indicators

MIBX.LIMV.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.10%

-24.48%

-10.62%

Max Drawdown (1Y)

Largest decline over 1 year

-10.26%

-8.50%

-1.76%

Max Drawdown (3Y)

Largest decline over 3 years

-15.64%

-8.50%

-7.14%

Max Drawdown (5Y)

Largest decline over 5 years

-24.05%

-17.42%

-6.63%

Max Drawdown (10Y)

Largest decline over 10 years

-35.10%

-24.48%

-10.62%

Current Drawdown

Current decline from peak

-0.67%

-4.62%

+3.95%

Average Drawdown

Average peak-to-trough decline

-7.07%

-3.57%

-3.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.84%

2.83%

+0.01%

Volatility

MIBX.L vs. IMV.L - Volatility Comparison

Lyxor FTSE MIB UCITS ETF - Dist (MIBX.L) has a higher volatility of 4.47% compared to iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) at 2.89%. This indicates that MIBX.L's price experiences larger fluctuations and is considered to be riskier than IMV.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.LIMV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.47%

2.89%

+1.58%

Volatility (6M)

Calculated over the trailing 6-month period

12.15%

7.71%

+4.44%

Volatility (1Y)

Calculated over the trailing 1-year period

15.08%

9.13%

+5.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.95%

10.97%

+6.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.16%

12.31%

+6.85%

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

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

Dividends

MIBX.L vs. IMV.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
IMV.L
iShares Edge MSCI Europe Min Volatility UCITS		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 IMV.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

IMV.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 IMV.L tracks MSCI Europe NR EUR. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.35% for MIBX.L and 0.25% for IMV.L.

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