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MIBX.L vs. SP5L.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MIBX.L vs. SP5L.L

Last updated Jun 26, 2026

MIBX.L (Lyxor FTSE MIB UCITS ETF - Dist) and SP5L.L (Lyxor S&P 500 UCITS ETF - Acc) are both exchange-traded funds - MIBX.L is a Europe Equities fund tracking the FTSE Italia AllShare TR EUR, while SP5L.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, MIBX.L returned 17.49%/yr vs 13.61%/yr for SP5L.L. At a 0.48 correlation, their price movements are largely independent. MIBX.L charges 0.35%/yr vs 0.07%/yr for SP5L.L.

Performance

MIBX.L vs. SP5L.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 Lyxor S&P 500 UCITS ETF - Acc (SP5L.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 SP5L.L is traded in GBP. To make them comparable, the SP5L.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 SP5L.L's 9.53% return. Over the past 10 years, MIBX.L has outperformed SP5L.L with an annualized return of 17.49%, while SP5L.L has yielded a comparatively lower 13.61% 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%

SP5L.L

1D
-1.07%
1M
-0.10%
YTD
9.53%
6M
9.69%
1Y
26.05%
3Y*
19.28%
5Y*
14.16%
10Y*
13.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MIBX.L vs. SP5L.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%
SP5L.L
Lyxor S&P 500 UCITS ETF - Acc		9.53%9.50%27.60%19.99%-8.84%31.19%13.92%26.93%1.00%-5.12%

Correlation

The correlation between MIBX.L and SP5L.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

0.43

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

0.50

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

0.50

Correlation (All Time)
Calculated using the full available price history since Dec 9, 2014

0.48

The correlation between MIBX.L and SP5L.L has been stable across timeframes, ranging from 0.43 to 0.50 - a consistent structural relationship.

MIBX.L vs. SP5L.L - Sectors Allocation Comparison

Sectors
MIBX.L
SP5L.L

Financial Services

45.3%
11.1%

Utilities

15.9%
2.1%

Industrials

11.4%
7.8%

Consumer Cyclical

9.9%
9.9%

Energy

7.9%
3.1%

Technology

5.5%
39.0%

Communication Services

1.7%
10.6%

Healthcare

1.2%
8.3%

Basic Materials

0.5%
1.7%

Consumer Defensive

0.4%
4.5%

Real Estate

0.3%
1.8%

Financial Services

MIBX.L
45.3%
SP5L.L
11.1%

Utilities

MIBX.L
15.9%
SP5L.L
2.1%

Industrials

MIBX.L
11.4%
SP5L.L
7.8%

Consumer Cyclical

MIBX.L
9.9%
SP5L.L
9.9%

Energy

MIBX.L
7.9%
SP5L.L
3.1%

Technology

MIBX.L
5.5%
SP5L.L
39.0%

Communication Services

MIBX.L
1.7%
SP5L.L
10.6%

Healthcare

MIBX.L
1.2%
SP5L.L
8.3%

Basic Materials

MIBX.L
0.5%
SP5L.L
1.7%

Consumer Defensive

MIBX.L
0.4%
SP5L.L
4.5%

Real Estate

MIBX.L
0.3%
SP5L.L
1.8%

Compare stocks, funds, or ETFs

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Lyxor FTSE MIB UCITS ETF - Dist

Lyxor S&P 500 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 SP5L.L:
SP5L.L vs. VWRP.LSP5L.L vs. WLDL.LSP5L.L vs. BRK-BSP5L.L vs. CW8G.LSP5L.L vs. SPYSP5L.L vs. SWDA.LSP5L.L vs. VOO

Return for Risk

MIBX.L vs. SP5L.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
SP5L.L
SP5L.L Risk / Return Rank: 8181
Overall Rank
SP5L.L Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
SP5L.L Sortino Ratio Rank: 8282
Sortino Ratio Rank
SP5L.L Omega Ratio Rank: 8484
Omega Ratio Rank
SP5L.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
SP5L.L Martin Ratio Rank: 7777
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. SP5L.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 Lyxor S&P 500 UCITS ETF - Acc (SP5L.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.LSP5L.LDifference
Sharpe ratioReturn per unit of total volatility
2.54
2.36

+0.17

Sortino ratioReturn per unit of downside risk
3.41
3.19

+0.22

Omega ratioGain probability vs. loss probability

1.44

1.44

+0.01

Calmar ratioReturn relative to maximum drawdown

3.73

3.60

+0.13

Martin ratioReturn relative to average drawdown

13.56

12.74

+0.82

MIBX.L vs. SP5L.L - Sharpe Ratio Comparison

The current MIBX.L Sharpe Ratio is 2.54, which is comparable to the SP5L.L Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of MIBX.L and SP5L.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. SP5L.L - Drawdown Comparison

The maximum MIBX.L drawdown since its inception was -67.93%, which is greater than SP5L.L's maximum drawdown of -25.47%. Use the drawdown chart below to compare losses from any high point for MIBX.L and SP5L.L.

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Drawdown Indicators

MIBX.LSP5L.LDifference

Max Drawdown

Largest peak-to-trough decline

-67.93%

-25.47%

-42.46%

Max Drawdown (1Y)

Largest decline over 1 year

-10.26%

-7.20%

-3.06%

Max Drawdown (3Y)

Largest decline over 3 years

-15.64%

-21.12%

+5.48%

Max Drawdown (5Y)

Largest decline over 5 years

-24.06%

-21.12%

-2.94%

Max Drawdown (10Y)

Largest decline over 10 years

-35.10%

-25.47%

-9.63%

Current Drawdown

Current decline from peak

-2.69%

-1.54%

-1.15%

Average Drawdown

Average peak-to-trough decline

-39.84%

-5.16%

-34.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.83%

2.04%

+0.79%

Volatility

MIBX.L vs. SP5L.L - Volatility Comparison

Lyxor FTSE MIB UCITS ETF - Dist (MIBX.L) and Lyxor S&P 500 UCITS ETF - Acc (SP5L.L) have volatilities of 3.85% and 3.75%, 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.LSP5L.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.85%

3.75%

+0.10%

Volatility (6M)

Calculated over the trailing 6-month period

12.39%

7.80%

+4.59%

Volatility (1Y)

Calculated over the trailing 1-year period

15.10%

10.97%

+4.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.95%

18.80%

-0.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.93%

17.97%

+0.96%

MIBX.L vs. SP5L.L - Expense Ratio Comparison

MIBX.L has a 0.35% expense ratio, which is higher than SP5L.L's 0.07% expense ratio.

Dividends

MIBX.L vs. SP5L.L - Dividend Comparison

MIBX.L's dividend yield for the trailing twelve months is around 3.15%, while SP5L.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%
SP5L.L
Lyxor S&P 500 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%

Frequently Asked Questions

MIBX.L and SP5L.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, SP5L.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SP5L.L is cheaper with a 0.07% expense ratio, compared with 0.35% for MIBX.L.

MIBX.L is categorized as Europe Equities, while SP5L.L is S&P 500. MIBX.L tracks FTSE Italia AllShare TR EUR, while SP5L.L tracks S&P 500 Index. Their fees differ too: 0.35% for MIBX.L and 0.07% for SP5L.L.

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