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

MIBX.L vs. MVEU.L

Last updated Jun 26, 2026

MIBX.L (Lyxor FTSE MIB UCITS ETF - Dist) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds - MIBX.L tracks the FTSE Italia AllShare TR EUR while MVEU.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, MIBX.L returned 17.49%/yr vs 8.04%/yr for MVEU.L. A 0.63 correlation means they provide meaningful diversification when combined. MIBX.L charges 0.35%/yr vs 0.25%/yr for MVEU.L.

Performance

MIBX.L vs. MVEU.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 Minimum Volatility UCITS ETF EUR (Acc) (MVEU.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 MVEU.L is traded in EUR. To make them comparable, the MVEU.L 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 17.04% return, which is significantly higher than MVEU.L's 6.38% return. Over the past 10 years, MIBX.L has outperformed MVEU.L with an annualized return of 17.49%, while MVEU.L has yielded a comparatively lower 8.04% 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%

MVEU.L

1D
0.26%
1M
0.18%
YTD
6.38%
6M
6.68%
1Y
11.85%
3Y*
11.79%
5Y*
7.21%
10Y*
8.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MIBX.L vs. MVEU.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%
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)		6.38%17.63%6.71%8.45%-8.16%14.46%1.57%15.47%-2.87%14.16%

Correlation

The correlation between MIBX.L and MVEU.L is 0.55, 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

0.55

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

0.61

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

0.64

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

0.65

Correlation (All Time)
Calculated using the full available price history since Nov 30, 2012

0.63

The correlation between MIBX.L and MVEU.L shifts across timeframes, from 0.55 (1 year) to 0.65 (10 years), reflecting how their relationship changes across market environments.

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

Sectors
MIBX.L
MVEU.L

Financial Services

45.3%
17.6%

Utilities

15.9%
10.1%

Industrials

11.4%
15.6%

Consumer Cyclical

9.9%
3.6%

Energy

7.9%
6.9%

Technology

5.5%
3.4%

Communication Services

1.7%
9.0%

Healthcare

1.2%
12.3%

Basic Materials

0.5%
5.1%

Consumer Defensive

0.4%
14.1%

Real Estate

0.3%
1.5%

Financial Services

MIBX.L
45.3%
MVEU.L
17.6%

Utilities

MIBX.L
15.9%
MVEU.L
10.1%

Industrials

MIBX.L
11.4%
MVEU.L
15.6%

Consumer Cyclical

MIBX.L
9.9%
MVEU.L
3.6%

Energy

MIBX.L
7.9%
MVEU.L
6.9%

Technology

MIBX.L
5.5%
MVEU.L
3.4%

Communication Services

MIBX.L
1.7%
MVEU.L
9.0%

Healthcare

MIBX.L
1.2%
MVEU.L
12.3%

Basic Materials

MIBX.L
0.5%
MVEU.L
5.1%

Consumer Defensive

MIBX.L
0.4%
MVEU.L
14.1%

Real Estate

MIBX.L
0.3%
MVEU.L
1.5%

Compare stocks, funds, or ETFs

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Lyxor FTSE MIB UCITS ETF - Dist

iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (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 MVEU.L:
MVEU.L vs. SVOLMVEU.L vs. VTMVEU.L vs. FLXD.LMVEU.L vs. EUHD.LMVEU.L vs. CS1.LMVEU.L vs. CSP1.LMVEU.L vs. IITU.L

Return for Risk

MIBX.L vs. MVEU.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
MVEU.L
MVEU.L Risk / Return Rank: 3535
Overall Rank
MVEU.L Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
MVEU.L Sortino Ratio Rank: 3636
Sortino Ratio Rank
MVEU.L Omega Ratio Rank: 3636
Omega Ratio Rank
MVEU.L Calmar Ratio Rank: 3333
Calmar Ratio Rank
MVEU.L Martin Ratio Rank: 3434
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. MVEU.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 Minimum Volatility UCITS ETF EUR (Acc) (MVEU.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.LMVEU.LDifference
Sharpe ratioReturn per unit of total volatility
2.54
1.33

+1.21

Sortino ratioReturn per unit of downside risk
3.41
1.84

+1.56

Omega ratioGain probability vs. loss probability

1.44

1.24

+0.20

Calmar ratioReturn relative to maximum drawdown

3.73

1.42

+2.31

Martin ratioReturn relative to average drawdown

13.56

4.19

+9.37

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

The current MIBX.L Sharpe Ratio is 2.54, which is higher than the MVEU.L Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of MIBX.L and MVEU.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. MVEU.L - Drawdown Comparison

The maximum MIBX.L drawdown since its inception was -67.93%, which is greater than MVEU.L's maximum drawdown of -23.74%. Use the drawdown chart below to compare losses from any high point for MIBX.L and MVEU.L.

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Drawdown Indicators

MIBX.LMVEU.LDifference

Max Drawdown

Largest peak-to-trough decline

-67.93%

-23.74%

-44.19%

Max Drawdown (1Y)

Largest decline over 1 year

-10.26%

-8.32%

-1.94%

Max Drawdown (3Y)

Largest decline over 3 years

-15.64%

-8.32%

-7.32%

Max Drawdown (5Y)

Largest decline over 5 years

-24.06%

-17.42%

-6.64%

Max Drawdown (10Y)

Largest decline over 10 years

-35.10%

-23.74%

-11.36%

Current Drawdown

Current decline from peak

-2.69%

-3.10%

+0.41%

Average Drawdown

Average peak-to-trough decline

-39.84%

-3.52%

-36.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.83%

2.82%

+0.01%

Volatility

MIBX.L vs. MVEU.L - Volatility Comparison

Lyxor FTSE MIB UCITS ETF - Dist (MIBX.L) has a higher volatility of 3.85% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) at 1.93%. This indicates that MIBX.L's price experiences larger fluctuations and is considered to be riskier than MVEU.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.LMVEU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.85%

1.93%

+1.92%

Volatility (6M)

Calculated over the trailing 6-month period

12.39%

7.32%

+5.07%

Volatility (1Y)

Calculated over the trailing 1-year period

15.10%

8.92%

+6.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.95%

11.28%

+6.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.93%

12.62%

+6.31%

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

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

Dividends

MIBX.L vs. MVEU.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
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%
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (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%

Frequently Asked Questions

MIBX.L and MVEU.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

MVEU.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 MVEU.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 MVEU.L.

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