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SAEU.L vs. CMB1.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SAEU.L vs. CMB1.L

Last updated Jun 6, 2026

SAEU.L (iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc)) and CMB1.L (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds from iShares - SAEU.L tracks the MSCI Europe NR EUR while CMB1.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 5 years, SAEU.L returned 9.65%/yr vs 19.77%/yr for CMB1.L. A 0.80 correlation means they provide meaningful diversification when combined. SAEU.L charges 0.12%/yr vs 0.33%/yr for CMB1.L.

Performance

SAEU.L vs. CMB1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SAEU.L) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SAEU.L is traded in GBP, while CMB1.L is traded in GBp. To make them comparable, the CMB1.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, SAEU.L achieves a 5.90% return, which is significantly lower than CMB1.L's 12.96% return.

SAEU.L

1D
-0.54%
1M
0.88%
YTD
5.90%
6M
8.16%
1Y
17.91%
3Y*
13.61%
5Y*
9.65%
10Y*
—

CMB1.L

1D
-0.62%
1M
1.82%
YTD
12.96%
6M
16.50%
1Y
32.53%
3Y*
28.55%
5Y*
19.77%
10Y*
15.90%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SAEU.L vs. CMB1.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
SAEU.L
iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc)		5.90%24.50%4.05%15.17%-5.84%16.79%4.11%19.09%-14.87%
CMB1.L
iShares FTSE MIB UCITS ETF (Acc)		12.96%43.83%13.25%30.68%-3.56%18.29%1.52%24.83%-1.55%

Correlation

The correlation between SAEU.L and CMB1.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 (All Time)
Calculated using the full available price history since Oct 22, 2018

0.80

The correlation between SAEU.L and CMB1.L has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.

SAEU.L vs. CMB1.L - Sectors Allocation Comparison

Sectors
SAEU.L
CMB1.L

Financial Services

27.0%
45.1%

Industrials

19.3%
10.8%

Healthcare

14.8%
1.1%

Technology

9.9%
4.6%

Consumer Cyclical

5.9%
10.0%

Utilities

5.5%
17.2%

Basic Materials

5.1%
0.6%

Consumer Defensive

4.8%
0.5%

Communication Services

4.0%
1.1%

Energy

2.7%
8.8%

Real Estate

0.9%
0.3%

Financial Services

SAEU.L
27.0%
CMB1.L
45.1%

Industrials

SAEU.L
19.3%
CMB1.L
10.8%

Healthcare

SAEU.L
14.8%
CMB1.L
1.1%

Technology

SAEU.L
9.9%
CMB1.L
4.6%

Consumer Cyclical

SAEU.L
5.9%
CMB1.L
10.0%

Utilities

SAEU.L
5.5%
CMB1.L
17.2%

Basic Materials

SAEU.L
5.1%
CMB1.L
0.6%

Consumer Defensive

SAEU.L
4.8%
CMB1.L
0.5%

Communication Services

SAEU.L
4.0%
CMB1.L
1.1%

Energy

SAEU.L
2.7%
CMB1.L
8.8%

Real Estate

SAEU.L
0.9%
CMB1.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 MSCI Europe ESG Screened UCITS ETF EUR (Acc)

iShares FTSE MIB UCITS ETF (Acc)

Often compared with SAEU.L:
SAEU.L vs. SDUE.LSAEU.L vs. IEFM.LSAEU.L vs. VEUR.LSAEU.L vs. EUNL.DESAEU.L vs. FLXD.LSAEU.L vs. WDEP.LSAEU.L vs. IGLN.L
Often compared with CMB1.L:
CMB1.L vs. XDEM.LCMB1.L vs. IITU.LCMB1.L vs. H50E.LCMB1.L vs. SPYCMB1.L vs. X7PP.LCMB1.L vs. IQSA.LCMB1.L vs. EQQQ.L

Return for Risk

SAEU.L vs. CMB1.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SAEU.L
SAEU.L Risk / Return Rank: 4242
Overall Rank
SAEU.L Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
SAEU.L Sortino Ratio Rank: 4545
Sortino Ratio Rank
SAEU.L Omega Ratio Rank: 4646
Omega Ratio Rank
SAEU.L Calmar Ratio Rank: 3535
Calmar Ratio Rank
SAEU.L Martin Ratio Rank: 4040
Martin Ratio Rank
CMB1.L
CMB1.L Risk / Return Rank: 7070
Overall Rank
CMB1.L Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
CMB1.L Sortino Ratio Rank: 7272
Sortino Ratio Rank
CMB1.L Omega Ratio Rank: 7070
Omega Ratio Rank
CMB1.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
CMB1.L Martin Ratio Rank: 6868
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.

SAEU.L vs. CMB1.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SAEU.L) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.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.

SAEU.LCMB1.LDifference
Sharpe ratioReturn per unit of total volatility
1.42
2.15

-0.73

Sortino ratioReturn per unit of downside risk
2.03
2.94

-0.91

Omega ratioGain probability vs. loss probability

1.27

1.38

-0.11

Calmar ratioReturn relative to maximum drawdown

1.60

3.14

-1.54

Martin ratioReturn relative to average drawdown

5.73

11.43

-5.70

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SAEU.L vs. CMB1.L - Sharpe Ratio Comparison

The current SAEU.L Sharpe Ratio is 1.42, which is lower than the CMB1.L Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of SAEU.L and CMB1.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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Sharpe Ratios by Period

SAEU.LCMB1.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.42

2.15

-0.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.59

1.10

-0.51

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.78

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.23

+0.23

Drawdowns

SAEU.L vs. CMB1.L - Drawdown Comparison

The maximum SAEU.L drawdown since its inception was -28.68%, smaller than the maximum CMB1.L drawdown of -56.05%. Use the drawdown chart below to compare losses from any high point for SAEU.L and CMB1.L.

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Drawdown Indicators

SAEU.LCMB1.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.68%

-56.05%

+27.37%

Max Drawdown (1Y)

Largest decline over 1 year

-11.17%

-10.32%

-0.85%

Max Drawdown (3Y)

Largest decline over 3 years

-12.76%

-15.62%

+2.86%

Max Drawdown (5Y)

Largest decline over 5 years

-17.74%

-24.19%

+6.45%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.61%

—

Current Drawdown

Current decline from peak

-1.72%

-1.25%

-0.47%

Average Drawdown

Average peak-to-trough decline

-5.13%

-15.26%

+10.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.12%

2.83%

+0.29%

Volatility

SAEU.L vs. CMB1.L - Volatility Comparison

The current volatility for iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SAEU.L) is 3.40%, while iShares FTSE MIB UCITS ETF (Acc) (CMB1.L) has a volatility of 3.77%. This indicates that SAEU.L experiences smaller price fluctuations and is considered to be less risky than CMB1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SAEU.LCMB1.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.40%

3.77%

-0.37%

Volatility (6M)

Calculated over the trailing 6-month period

10.61%

12.16%

-1.55%

Volatility (1Y)

Calculated over the trailing 1-year period

12.60%

15.07%

-2.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.28%

17.99%

-1.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.25%

20.29%

-2.04%

SAEU.L vs. CMB1.L - Expense Ratio Comparison

SAEU.L has a 0.12% expense ratio, which is lower than CMB1.L's 0.33% expense ratio.

Dividends

SAEU.L vs. CMB1.L - Dividend Comparison

Neither SAEU.L nor CMB1.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

SAEU.L and CMB1.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.

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

SAEU.L is cheaper with a 0.12% expense ratio, compared with 0.33% for CMB1.L.

SAEU.L tracks MSCI Europe NR EUR, while CMB1.L tracks FTSE Italia AllShare TR EUR. Their fees differ too: 0.12% for SAEU.L and 0.33% for CMB1.L.

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