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MVED.L vs. IMIB.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MVED.L vs. IMIB.L

Last updated Jun 25, 2026

MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) and IMIB.L (iShares FTSE MIB UCITS ETF EUR (Dist)) are both Europe Equities funds - MVED.L tracks the MSCI Europe NR EUR while IMIB.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 5 years, MVED.L returned 7.10%/yr vs 20.40%/yr for IMIB.L. A 0.66 correlation means they provide meaningful diversification when combined. MVED.L charges 0.25%/yr vs 0.35%/yr for IMIB.L.

Performance

MVED.L vs. IMIB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) and iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

MVED.L is traded in EUR, while IMIB.L is traded in GBp. To make them comparable, the IMIB.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, MVED.L achieves a 7.14% return, which is significantly lower than IMIB.L's 18.13% return.

MVED.L

1D
0.41%
1M
0.27%
YTD
7.14%
6M
7.45%
1Y
9.39%
3Y*
11.37%
5Y*
7.10%
10Y*
—

IMIB.L

1D
-0.83%
1M
4.38%
YTD
18.13%
6M
18.71%
1Y
36.16%
3Y*
29.48%
5Y*
20.40%
10Y*
16.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MVED.L vs. IMIB.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
MVED.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)		7.14%11.81%11.70%10.68%-12.60%21.57%-3.93%22.78%-1.65%
IMIB.L
iShares FTSE MIB UCITS ETF EUR (Dist)		18.13%36.28%18.63%33.31%-8.56%26.00%-4.05%32.79%-16.12%

Correlation

The correlation between MVED.L and IMIB.L is 0.54, 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

0.54

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

0.60

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

0.65

Correlation (All Time)
Calculated using the full available price history since Feb 23, 2018

0.66

The correlation between MVED.L and IMIB.L shifts across timeframes, from 0.54 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.

MVED.L vs. IMIB.L - Sectors Allocation Comparison

Sectors
MVED.L
IMIB.L

Financial Services

17.9%
45.3%

Industrials

16.2%
11.4%

Consumer Defensive

13.8%
0.4%

Healthcare

12.6%
1.2%

Utilities

10.2%
15.9%

Communication Services

8.8%
1.7%

Energy

7.1%
7.9%

Basic Materials

5.2%
0.5%

Technology

3.5%
5.5%

Consumer Cyclical

3.4%
9.9%

Real Estate

1.6%
0.3%

Financial Services

MVED.L
17.9%
IMIB.L
45.3%

Industrials

MVED.L
16.2%
IMIB.L
11.4%

Consumer Defensive

MVED.L
13.8%
IMIB.L
0.4%

Healthcare

MVED.L
12.6%
IMIB.L
1.2%

Utilities

MVED.L
10.2%
IMIB.L
15.9%

Communication Services

MVED.L
8.8%
IMIB.L
1.7%

Energy

MVED.L
7.1%
IMIB.L
7.9%

Basic Materials

MVED.L
5.2%
IMIB.L
0.5%

Technology

MVED.L
3.5%
IMIB.L
5.5%

Consumer Cyclical

MVED.L
3.4%
IMIB.L
9.9%

Real Estate

MVED.L
1.6%
IMIB.L
0.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)

iShares FTSE MIB UCITS ETF EUR (Dist)

Often compared with MVED.L:
MVED.L vs. MIVO.LMVED.L vs. CSPX.LMVED.L vs. OPEN.LMVED.L vs. WDEP.LMVED.L vs. PRUK.LMVED.L vs. EDIV.LMVED.L vs. CES1.L
Often compared with IMIB.L:
IMIB.L vs. ESIF.LIMIB.L vs. SPMOIMIB.L vs. X7PP.LIMIB.L vs. VOOIMIB.L vs. BNKE.LIMIB.L vs. PSRE.LIMIB.L vs. EEIP.L

Return for Risk

MVED.L vs. IMIB.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MVED.L
MVED.L Risk / Return Rank: 3131
Overall Rank
MVED.L Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
MVED.L Sortino Ratio Rank: 3030
Sortino Ratio Rank
MVED.L Omega Ratio Rank: 3232
Omega Ratio Rank
MVED.L Calmar Ratio Rank: 3030
Calmar Ratio Rank
MVED.L Martin Ratio Rank: 3131
Martin Ratio Rank
IMIB.L
IMIB.L Risk / Return Rank: 8282
Overall Rank
IMIB.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
IMIB.L Sortino Ratio Rank: 8585
Sortino Ratio Rank
IMIB.L Omega Ratio Rank: 8383
Omega Ratio Rank
IMIB.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
IMIB.L Martin Ratio Rank: 7878
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.

MVED.L vs. IMIB.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) and iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.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.

MVED.LIMIB.LDifference
Sharpe ratioReturn per unit of total volatility
1.07
2.38

-1.31

Sortino ratioReturn per unit of downside risk
1.49
3.24

-1.76

Omega ratioGain probability vs. loss probability

1.20

1.43

-0.23

Calmar ratioReturn relative to maximum drawdown

1.33

3.86

-2.52

Martin ratioReturn relative to average drawdown

4.06

14.07

-10.01

MVED.L vs. IMIB.L - Sharpe Ratio Comparison

The current MVED.L Sharpe Ratio is 1.07, which is lower than the IMIB.L Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of MVED.L and IMIB.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

MVED.L vs. IMIB.L - Drawdown Comparison

The maximum MVED.L drawdown since its inception was -30.52%, smaller than the maximum IMIB.L drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for MVED.L and IMIB.L.

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Drawdown Indicators

MVED.LIMIB.LDifference

Max Drawdown

Largest peak-to-trough decline

-30.52%

-74.08%

+43.56%

Max Drawdown (1Y)

Largest decline over 1 year

-7.01%

-9.33%

+2.32%

Max Drawdown (3Y)

Largest decline over 3 years

-10.47%

-17.52%

+7.05%

Max Drawdown (5Y)

Largest decline over 5 years

-19.58%

-25.04%

+5.46%

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.31%

—

Current Drawdown

Current decline from peak

-1.79%

-2.45%

+0.66%

Average Drawdown

Average peak-to-trough decline

-5.06%

-39.22%

+34.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.31%

2.56%

-0.25%

Volatility

MVED.L vs. IMIB.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) is 1.87%, while iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L) has a volatility of 3.96%. This indicates that MVED.L experiences smaller price fluctuations and is considered to be less risky than IMIB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MVED.LIMIB.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.87%

3.96%

-2.09%

Volatility (6M)

Calculated over the trailing 6-month period

7.12%

12.21%

-5.09%

Volatility (1Y)

Calculated over the trailing 1-year period

8.73%

15.18%

-6.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.00%

18.12%

-7.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.60%

19.60%

-7.00%

MVED.L vs. IMIB.L - Expense Ratio Comparison

MVED.L has a 0.25% expense ratio, which is lower than IMIB.L's 0.35% expense ratio.

Dividends

MVED.L vs. IMIB.L - Dividend Comparison

MVED.L's dividend yield for the trailing twelve months is around 2.55%, less than IMIB.L's 3.75% yield.

PositionTTM20252024202320222021202020192018201720162015
IMIB.L
iShares FTSE MIB UCITS ETF EUR (Dist)		3.75%3.83%4.53%3.77%3.90%3.15%1.44%3.41%3.25%2.29%2.82%2.15%
MVED.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)		2.55%2.69%2.56%2.67%2.95%2.16%2.54%2.81%2.51%0.00%0.00%0.00%

Frequently Asked Questions

MVED.L and IMIB.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

MVED.L is cheaper with a 0.25% expense ratio, compared with 0.35% for IMIB.L.

MVED.L tracks MSCI Europe NR EUR, while IMIB.L tracks FTSE Italia AllShare TR EUR. They also come from different issuers: BlackRock and iShares. Their fees differ too: 0.25% for MVED.L and 0.35% for IMIB.L.

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