MIBX.L vs. XMEU.L

Last updated Jun 26, 2026

MIBX.L (Lyxor FTSE MIB UCITS ETF - Dist) and XMEU.L (Xtrackers MSCI Europe UCITS ETF 1C) are both Europe Equities funds - MIBX.L tracks the FTSE Italia AllShare TR EUR while XMEU.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, MIBX.L returned 17.49%/yr vs 10.86%/yr for XMEU.L. A 0.72 correlation means they provide meaningful diversification when combined. MIBX.L charges 0.35%/yr vs 0.12%/yr for XMEU.L.

Performance

MIBX.L vs. XMEU.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 Xtrackers MSCI Europe UCITS ETF 1C (XMEU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MIBX.L achieves a 17.04% return, which is significantly higher than XMEU.L's 9.34% return. Over the past 10 years, MIBX.L has outperformed XMEU.L with an annualized return of 17.49%, while XMEU.L has yielded a comparatively lower 10.86% 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%

XMEU.L

• 1D: 0.72%
• 1M: 1.88%
• YTD: 9.34%
• 6M: 9.65%
• 1Y: 23.62%
• 3Y*: 15.45%
• 5Y*: 10.26%
• 10Y*: 10.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
XMEU.L Xtrackers MSCI Europe UCITS ETF 1C	9.34%	25.81%	3.60%	13.26%	-3.48%	16.84%	2.45%	19.45%	-9.44%	14.82%

Correlation

The correlation between MIBX.L and XMEU.L is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008	0.72

The correlation between MIBX.L and XMEU.L shifts across timeframes, from 0.72 (all time) to 0.83 (5 years), reflecting how their relationship changes across market environments.

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

Sectors	MIBX.L	XMEU.L
Financial Services	45.3%	23.5%
Utilities	15.9%	4.5%
Industrials	11.4%	20.1%
Consumer Cyclical	9.9%	6.7%
Energy	7.9%	4.9%
Technology	5.5%	9.6%
Communication Services	1.7%	3.9%
Healthcare	1.2%	13.2%
Basic Materials	0.5%	5.1%
Consumer Defensive	0.4%	7.8%
Real Estate	0.3%	0.8%

Return for Risk

MIBX.L vs. XMEU.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: 84
MIBX.L Sharpe Ratio Rank: 88
MIBX.L Sortino Ratio Rank: 87
MIBX.L Omega Ratio Rank: 84
MIBX.L Calmar Ratio Rank: 80
MIBX.L Martin Ratio Rank: 79

XMEU.L

XMEU.L Risk / Return Rank: 63
XMEU.L Sharpe Ratio Rank: 70
XMEU.L Sortino Ratio Rank: 69
XMEU.L Omega Ratio Rank: 72
XMEU.L Calmar Ratio Rank: 52
XMEU.L Martin Ratio Rank: 54

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. XMEU.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 Xtrackers MSCI Europe UCITS ETF 1C (XMEU.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	XMEU.L	Difference
Sharpe ratio: Return per unit of total volatility	2.54	1.97	+0.57
Sortino ratio: Return per unit of downside risk	3.41	2.74	+0.67
Omega ratio: Gain probability vs. loss probability	1.44	1.37	+0.07
Calmar ratio: Return relative to maximum drawdown	3.73	2.28	+1.45
Martin ratio: Return relative to average drawdown	13.56	8.27	+5.29

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

The current MIBX.L Sharpe Ratio is 2.54, which is comparable to the XMEU.L Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of MIBX.L and XMEU.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.

Drawdowns

MIBX.L vs. XMEU.L - Drawdown Comparison

The maximum MIBX.L drawdown since its inception was -67.93%, smaller than the maximum XMEU.L drawdown of -99.42%. Use the drawdown chart below to compare losses from any high point for MIBX.L and XMEU.L.

Drawdown Indicators

	MIBX.L	XMEU.L	Difference
Max Drawdown Largest peak-to-trough decline	-67.93%	-99.42%	+31.49%
Max Drawdown (1Y) Largest decline over 1 year	-10.26%	-10.32%	+0.06%
Max Drawdown (3Y) Largest decline over 3 years	-15.64%	-19.15%	+3.51%
Max Drawdown (5Y) Largest decline over 5 years	-24.06%	-26.13%	+2.07%
Max Drawdown (10Y) Largest decline over 10 years	-35.10%	-98.78%	+63.68%
Current Drawdown Current decline from peak	-2.69%	-0.23%	-2.46%
Average Drawdown Average peak-to-trough decline	-39.84%	-27.87%	-11.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	2.85%	-0.02%

Volatility

MIBX.L vs. XMEU.L - Volatility Comparison

Lyxor FTSE MIB UCITS ETF - Dist (MIBX.L) has a higher volatility of 3.85% compared to Xtrackers MSCI Europe UCITS ETF 1C (XMEU.L) at 2.90%. This indicates that MIBX.L's price experiences larger fluctuations and is considered to be riskier than XMEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIBX.L	XMEU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	2.90%	+0.95%
Volatility (6M) Calculated over the trailing 6-month period	12.39%	10.12%	+2.27%
Volatility (1Y) Calculated over the trailing 1-year period	15.10%	11.98%	+3.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.95%	23.38%	-5.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.93%	2,446.80%	-2,427.87%

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

MIBX.L has a 0.35% expense ratio, which is higher than XMEU.L's 0.12% expense ratio.

Dividends

MIBX.L vs. XMEU.L - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
XMEU.L Xtrackers MSCI Europe UCITS ETF 1C	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

Can I hold both MIBX.L and XMEU.L in my portfolio?

MIBX.L and XMEU.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MIBX.L or XMEU.L?

On fees, XMEU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MIBX.L or XMEU.L?

XMEU.L is cheaper with a 0.12% expense ratio, compared with 0.35% for MIBX.L.

What is the main difference between MIBX.L and XMEU.L?

MIBX.L tracks FTSE Italia AllShare TR EUR, while XMEU.L tracks MSCI Europe NR EUR. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.35% for MIBX.L and 0.12% for XMEU.L.