MIBX.L vs. UKDV.L
MIBX.L (Lyxor FTSE MIB UCITS ETF - Dist) and UKDV.L (SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)) are both Europe Equities funds - MIBX.L tracks the FTSE Italia AllShare TR EUR while UKDV.L tracks the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, MIBX.L returned 16.17%/yr vs 4.84%/yr for UKDV.L. A 0.59 correlation means they provide meaningful diversification when combined. MIBX.L charges 0.35%/yr vs 0.30%/yr for UKDV.L.
Performance
MIBX.L vs. UKDV.L - Performance Comparison
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Different Trading Currencies
MIBX.L is traded in GBp, while UKDV.L is traded in GBP. To make them comparable, the UKDV.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 15.93% return, which is significantly higher than UKDV.L's 14.21% return. Over the past 10 years, MIBX.L has outperformed UKDV.L with an annualized return of 16.17%, while UKDV.L has yielded a comparatively lower 4.84% annualized return.
MIBX.L
- 1D
- -0.48%
- 1M
- -2.63%
- 6M
- 14.38%
- YTD
- 15.93%
- 1Y
- 32.68%
- 3Y*
- 26.99%
- 5Y*
- 21.09%
- 10Y*
- 16.17%
UKDV.L
- 1D
- 0.89%
- 1M
- 7.56%
- 6M
- 10.02%
- YTD
- 14.21%
- 1Y
- 20.90%
- 3Y*
- 15.87%
- 5Y*
- 7.90%
- 10Y*
- 4.84%
MIBX.L vs. UKDV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIBX.L Lyxor FTSE MIB UCITS ETF - Dist | 15.93% | 43.78% | 13.17% | 30.61% | -3.53% | 18.16% | 1.49% | 25.15% | -12.72% | 21.14% |
UKDV.L SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) | 14.21% | 16.89% | 10.35% | 5.75% | -8.09% | 14.13% | -17.26% | 32.17% | -15.39% | 3.71% |
Correlation
The correlation between MIBX.L and UKDV.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2012 | 0.59 |
The correlation between MIBX.L and UKDV.L shifts across timeframes, from 0.43 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MIBX.L vs. UKDV.L — Risk / Return Rank
MIBX.L
UKDV.L
MIBX.L vs. UKDV.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 SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.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.L | UKDV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.27 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 1.98 | +1.18 |
| Martin ratioReturn relative to average drawdown | 11.24 | 6.70 | +4.55 |
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Drawdowns
MIBX.L vs. UKDV.L - Drawdown Comparison
The maximum MIBX.L drawdown since its inception was -67.93%, which is greater than UKDV.L's maximum drawdown of -38.19%. Use the drawdown chart below to compare losses from any high point for MIBX.L and UKDV.L.
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Drawdown Indicators
| MIBX.L | UKDV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.93% | -38.19% | -29.74% |
Max Drawdown (1Y)Largest decline over 1 year | -10.26% | -10.48% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -15.64% | -13.06% | -2.58% |
Max Drawdown (5Y)Largest decline over 5 years | -24.06% | -18.56% | -5.50% |
Max Drawdown (10Y)Largest decline over 10 years | -35.10% | -38.19% | +3.09% |
Current DrawdownCurrent decline from peak | -3.61% | 0.00% | -3.61% |
Average DrawdownAverage peak-to-trough decline | -39.71% | -7.61% | -32.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 3.11% | -0.21% |
Volatility
MIBX.L vs. UKDV.L - Volatility Comparison
Lyxor FTSE MIB UCITS ETF - Dist (MIBX.L) and SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.L) have volatilities of 3.87% and 3.90%, 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.L | UKDV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 3.90% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 12.72% | 12.19% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.23% | 14.03% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.92% | 14.27% | +3.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.83% | 15.61% | +3.22% |
MIBX.L vs. UKDV.L - Expense Ratio Comparison
MIBX.L has a 0.35% expense ratio, which is higher than UKDV.L's 0.30% expense ratio.
Dividends
MIBX.L vs. UKDV.L - Dividend Comparison
MIBX.L's dividend yield for the trailing twelve months is around 3.18%, which matches UKDV.L's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIBX.L Lyxor FTSE MIB UCITS ETF - Dist | 3.18% | 3.68% | 3.93% | 3.73% | 3.88% | 2.09% | 1.55% | 4.02% | 4.05% | 2.75% | 3.56% | 3.05% |
UKDV.L SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) | 3.20% | 3.65% | 3.40% | 3.65% | 4.54% | 3.64% | 3.27% | 4.05% | 4.67% | 3.78% | 4.28% | 3.99% |
Frequently Asked Questions
MIBX.L and UKDV.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UKDV.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UKDV.L is cheaper with a 0.30% expense ratio, compared with 0.35% for MIBX.L.
MIBX.L tracks FTSE Italia AllShare TR EUR, while UKDV.L tracks FTSE AllSh TR GBP. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.35% for MIBX.L and 0.30% for UKDV.L.
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