PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SPOL.L vs. IMIB.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPOL.L vs. IMIB.L

Last updated Jun 25, 2026

SPOL.L (iShares MSCI Poland UCITS ETF USD (Acc)) and IMIB.L (iShares FTSE MIB UCITS ETF EUR (Dist)) are both Europe Equities funds from iShares - SPOL.L tracks the MSCI Poland NR EUR while IMIB.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 10 years, SPOL.L returned 9.86%/yr vs 17.18%/yr for IMIB.L. A 0.56 correlation means they provide meaningful diversification when combined. SPOL.L charges 0.74%/yr vs 0.35%/yr for IMIB.L.

Performance

SPOL.L vs. IMIB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Poland UCITS ETF USD (Acc) (SPOL.L) and iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SPOL.L achieves a 11.61% return, which is significantly lower than IMIB.L's 16.78% return. Over the past 10 years, SPOL.L has underperformed IMIB.L with an annualized return of 9.86%, while IMIB.L has yielded a comparatively higher 17.18% annualized return.

SPOL.L

1D
-1.74%
1M
-2.11%
YTD
11.61%
6M
12.04%
1Y
36.23%
3Y*
28.39%
5Y*
14.14%
10Y*
9.86%

IMIB.L

1D
-0.73%
1M
4.20%
YTD
16.78%
6M
17.43%
1Y
37.72%
3Y*
29.79%
5Y*
20.47%
10Y*
17.18%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
SPOL.L
iShares MSCI Poland UCITS ETF USD (Acc)		11.61%61.27%-4.98%41.52%-17.96%8.30%-14.19%-9.68%-7.69%40.45%
IMIB.L
iShares FTSE MIB UCITS ETF EUR (Dist)		16.78%43.78%13.17%30.55%-3.59%18.30%1.46%24.85%-12.68%20.95%

Correlation

The correlation between SPOL.L and IMIB.L is 0.58, 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

0.58

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

0.54

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

0.58

Correlation (10Y)
Calculated over the trailing 10-year period

0.56

Correlation (All Time)
Calculated using the full available price history since Jan 21, 2011

0.56

The correlation between SPOL.L and IMIB.L has been stable across timeframes, ranging from 0.54 to 0.58 - a consistent structural relationship.

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

Sectors
SPOL.L
IMIB.L

Financial Services

47.9%
45.3%

Energy

15.3%
7.9%

Consumer Cyclical

12.2%
9.9%

Basic Materials

10.7%
0.5%

Consumer Defensive

5.2%
0.4%

Communication Services

3.0%
1.7%

Technology

2.0%
5.5%

Industrials

1.9%
11.4%

Utilities

1.8%
15.9%

Healthcare

-

1.2%

Real Estate

-

0.3%

Financial Services

SPOL.L
47.9%
IMIB.L
45.3%

Energy

SPOL.L
15.3%
IMIB.L
7.9%

Consumer Cyclical

SPOL.L
12.2%
IMIB.L
9.9%

Basic Materials

SPOL.L
10.7%
IMIB.L
0.5%

Consumer Defensive

SPOL.L
5.2%
IMIB.L
0.4%

Communication Services

SPOL.L
3.0%
IMIB.L
1.7%

Technology

SPOL.L
2.0%
IMIB.L
5.5%

Industrials

SPOL.L
1.9%
IMIB.L
11.4%

Utilities

SPOL.L
1.8%
IMIB.L
15.9%

Healthcare

SPOL.L

-

IMIB.L
1.2%

Real Estate

SPOL.L

-

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 MSCI Poland UCITS ETF USD (Acc)

iShares FTSE MIB UCITS ETF EUR (Dist)

Often compared with SPOL.L:
SPOL.L vs. IBCJ.DESPOL.L vs. VOOSPOL.L vs. WDEP.LSPOL.L vs. FLXD.LSPOL.L vs. XD5E.LSPOL.L vs. LCPE.LSPOL.L vs. EEIP.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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPOL.L
SPOL.L Risk / Return Rank: 5757
Overall Rank
SPOL.L Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
SPOL.L Sortino Ratio Rank: 5050
Sortino Ratio Rank
SPOL.L Omega Ratio Rank: 4545
Omega Ratio Rank
SPOL.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
SPOL.L Martin Ratio Rank: 5858
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Poland UCITS ETF USD (Acc) (SPOL.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.

SPOL.LIMIB.LDifference
Sharpe ratioReturn per unit of total volatility
1.55
2.49

-0.94

Sortino ratioReturn per unit of downside risk
2.19
3.36

-1.17

Omega ratioGain probability vs. loss probability

1.26

1.44

-0.18

Calmar ratioReturn relative to maximum drawdown

3.79

3.65

+0.14

Martin ratioReturn relative to average drawdown

8.99

13.36

-4.37

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

The current SPOL.L Sharpe Ratio is 1.55, which is lower than the IMIB.L Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of SPOL.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.

Loading charts...

Drawdowns

SPOL.L vs. IMIB.L - Drawdown Comparison

The maximum SPOL.L drawdown since its inception was -67.31%, roughly equal to the maximum IMIB.L drawdown of -70.29%. Use the drawdown chart below to compare losses from any high point for SPOL.L and IMIB.L.

Loading charts...

Drawdown Indicators

SPOL.LIMIB.LDifference

Max Drawdown

Largest peak-to-trough decline

-67.31%

-70.29%

+2.98%

Max Drawdown (1Y)

Largest decline over 1 year

-9.51%

-10.28%

+0.77%

Max Drawdown (3Y)

Largest decline over 3 years

-22.70%

-15.58%

-7.12%

Max Drawdown (5Y)

Largest decline over 5 years

-46.27%

-24.06%

-22.21%

Max Drawdown (10Y)

Largest decline over 10 years

-56.64%

-36.68%

-19.96%

Current Drawdown

Current decline from peak

-5.78%

-2.87%

-2.91%

Average Drawdown

Average peak-to-trough decline

-41.64%

-32.97%

-8.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.02%

2.82%

+1.20%

Volatility

SPOL.L vs. IMIB.L - Volatility Comparison

iShares MSCI Poland UCITS ETF USD (Acc) (SPOL.L) has a higher volatility of 6.83% compared to iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L) at 4.08%. This indicates that SPOL.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.

Loading charts...

Volatility by Period

SPOL.LIMIB.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.83%

4.08%

+2.75%

Volatility (6M)

Calculated over the trailing 6-month period

17.93%

12.35%

+5.58%

Volatility (1Y)

Calculated over the trailing 1-year period

23.40%

15.10%

+8.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.68%

17.94%

+12.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.33%

19.35%

+7.98%

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

SPOL.L has a 0.74% expense ratio, which is higher than IMIB.L's 0.35% expense ratio.

Dividends

SPOL.L vs. IMIB.L - Dividend Comparison

SPOL.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%
SPOL.L
iShares MSCI Poland UCITS ETF USD (Acc)		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

SPOL.L and IMIB.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IMIB.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IMIB.L is cheaper with a 0.35% expense ratio, compared with 0.74% for SPOL.L.

SPOL.L tracks MSCI Poland NR EUR, while IMIB.L tracks FTSE Italia AllShare TR EUR. Their fees differ too: 0.74% for SPOL.L and 0.35% for IMIB.L.

Portfolio Optimizer

Find the right allocation for SPOL.L and IMIB.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer