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

OMXS.L vs. IMIB.L

Last updated Jun 26, 2026

OMXS.L (iShares OMX Stockholm Capped UCITS ETF) and IMIB.L (iShares FTSE MIB UCITS ETF EUR (Dist)) are both Europe Equities funds from iShares - OMXS.L tracks the MSCI Sweden NR SEK while IMIB.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 5 years, OMXS.L returned 5.52%/yr vs 20.48%/yr for IMIB.L. A 0.71 correlation means they provide meaningful diversification when combined. OMXS.L charges 0.10%/yr vs 0.35%/yr for IMIB.L.

Performance

OMXS.L vs. IMIB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares OMX Stockholm Capped UCITS ETF (OMXS.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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Returns By Period

In the year-to-date period, OMXS.L achieves a 6.63% return, which is significantly lower than IMIB.L's 16.85% return.

OMXS.L

1D
1.38%
1M
-2.16%
YTD
6.63%
6M
7.54%
1Y
26.75%
3Y*
15.88%
5Y*
5.52%
10Y*
—

IMIB.L

1D
0.06%
1M
3.20%
YTD
16.85%
6M
17.51%
1Y
38.30%
3Y*
29.66%
5Y*
20.48%
10Y*
17.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
OMXS.L
iShares OMX Stockholm Capped UCITS ETF		6.63%26.09%-0.34%14.97%-21.16%24.41%24.04%20.97%-7.16%10.84%
IMIB.L
iShares FTSE MIB UCITS ETF EUR (Dist)		16.85%43.78%13.17%30.55%-3.59%18.30%1.46%24.85%-12.68%20.95%

Correlation

The correlation between OMXS.L and IMIB.L is 0.65, 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

0.65

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

0.68

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

0.70

Correlation (All Time)
Calculated using the full available price history since Dec 16, 2016

0.71

The correlation between OMXS.L and IMIB.L has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.

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

Sectors
OMXS.L
IMIB.L

Industrials

44.8%
11.4%

Financial Services

24.2%
45.3%

Technology

6.6%
5.5%

Healthcare

6.4%
1.2%

Basic Materials

4.5%
0.5%

Consumer Cyclical

4.1%
9.9%

Real Estate

3.4%
0.3%

Communication Services

3.1%
1.7%

Consumer Defensive

2.8%
0.4%

Energy

0.1%
7.9%

Utilities

0.0%
15.9%

Industrials

OMXS.L
44.8%
IMIB.L
11.4%

Financial Services

OMXS.L
24.2%
IMIB.L
45.3%

Technology

OMXS.L
6.6%
IMIB.L
5.5%

Healthcare

OMXS.L
6.4%
IMIB.L
1.2%

Basic Materials

OMXS.L
4.5%
IMIB.L
0.5%

Consumer Cyclical

OMXS.L
4.1%
IMIB.L
9.9%

Real Estate

OMXS.L
3.4%
IMIB.L
0.3%

Communication Services

OMXS.L
3.1%
IMIB.L
1.7%

Consumer Defensive

OMXS.L
2.8%
IMIB.L
0.4%

Energy

OMXS.L
0.1%
IMIB.L
7.9%

Utilities

OMXS.L
0.0%
IMIB.L
15.9%

Compare stocks, funds, or ETFs

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

iShares OMX Stockholm Capped UCITS ETF

iShares FTSE MIB UCITS ETF EUR (Dist)

Often compared with OMXS.L:
OMXS.L vs. ^DWCFOMXS.L vs. EWDOMXS.L vs. VGEU.DEOMXS.L vs. BRK-BOMXS.L vs. SPYOMXS.L vs. ^GSPCOMXS.L vs. TMFC
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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OMXS.L
OMXS.L Risk / Return Rank: 4646
Overall Rank
OMXS.L Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
OMXS.L Sortino Ratio Rank: 5050
Sortino Ratio Rank
OMXS.L Omega Ratio Rank: 4747
Omega Ratio Rank
OMXS.L Calmar Ratio Rank: 4242
Calmar Ratio Rank
OMXS.L Martin Ratio Rank: 4444
Martin Ratio Rank
IMIB.L
IMIB.L Risk / Return Rank: 8484
Overall Rank
IMIB.L Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
IMIB.L Sortino Ratio Rank: 8787
Sortino Ratio Rank
IMIB.L Omega Ratio Rank: 8585
Omega Ratio Rank
IMIB.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
IMIB.L Martin Ratio Rank: 7979
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares OMX Stockholm Capped UCITS ETF (OMXS.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.

OMXS.LIMIB.LDifference
Sharpe ratioReturn per unit of total volatility
1.47
2.53

-1.06

Sortino ratioReturn per unit of downside risk
2.17
3.41

-1.24

Omega ratioGain probability vs. loss probability

1.27

1.44

-0.17

Calmar ratioReturn relative to maximum drawdown

1.91

3.71

-1.80

Martin ratioReturn relative to average drawdown

6.56

13.54

-6.98

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

The current OMXS.L Sharpe Ratio is 1.47, which is lower than the IMIB.L Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of OMXS.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

OMXS.L vs. IMIB.L - Drawdown Comparison

The maximum OMXS.L drawdown since its inception was -32.75%, smaller than the maximum IMIB.L drawdown of -70.29%. Use the drawdown chart below to compare losses from any high point for OMXS.L and IMIB.L.

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Drawdown Indicators

OMXS.LIMIB.LDifference

Max Drawdown

Largest peak-to-trough decline

-32.75%

-70.29%

+37.54%

Max Drawdown (1Y)

Largest decline over 1 year

-13.98%

-10.28%

-3.70%

Max Drawdown (3Y)

Largest decline over 3 years

-17.14%

-15.58%

-1.56%

Max Drawdown (5Y)

Largest decline over 5 years

-32.75%

-24.06%

-8.69%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.68%

—

Current Drawdown

Current decline from peak

-4.88%

-2.80%

-2.08%

Average Drawdown

Average peak-to-trough decline

-8.60%

-32.96%

+24.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.07%

2.82%

+1.25%

Volatility

OMXS.L vs. IMIB.L - Volatility Comparison

iShares OMX Stockholm Capped UCITS ETF (OMXS.L) has a higher volatility of 4.77% compared to iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L) at 4.03%. This indicates that OMXS.L's price experiences larger fluctuations and is considered to be riskier 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

OMXS.LIMIB.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.77%

4.03%

+0.74%

Volatility (6M)

Calculated over the trailing 6-month period

15.46%

12.33%

+3.13%

Volatility (1Y)

Calculated over the trailing 1-year period

18.07%

15.06%

+3.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.83%

17.94%

+2.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.10%

19.35%

+0.75%

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

OMXS.L has a 0.10% expense ratio, which is lower than IMIB.L's 0.35% expense ratio.

Dividends

OMXS.L vs. IMIB.L - Dividend Comparison

OMXS.L has not paid dividends to shareholders, while IMIB.L's dividend yield for the trailing twelve months is around 3.75%.

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%
OMXS.L
iShares OMX Stockholm Capped UCITS ETF		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

OMXS.L and IMIB.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, OMXS.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

OMXS.L is cheaper with a 0.10% expense ratio, compared with 0.35% for IMIB.L.

OMXS.L tracks MSCI Sweden NR SEK, while IMIB.L tracks FTSE Italia AllShare TR EUR. Their fees differ too: 0.10% for OMXS.L and 0.35% for IMIB.L.

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