TEET.L vs. CMB1.L
TEET.L (VanEck European Equal Weight Screened UCITS ETF) and CMB1.L (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds - TEET.L tracks the VanEck European Equal Weight Screened UCITS ETF while CMB1.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 10 years, TEET.L returned 11.68%/yr vs 16.54%/yr for CMB1.L. A 0.77 correlation means they provide meaningful diversification when combined. TEET.L charges 0.40%/yr vs 0.33%/yr for CMB1.L.
Performance
TEET.L vs. CMB1.L - Performance Comparison
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Different Trading Currencies
TEET.L is traded in USD, while CMB1.L is traded in GBp. To make them comparable, the CMB1.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TEET.L achieves a 6.60% return, which is significantly lower than CMB1.L's 17.52% return. Over the past 10 years, TEET.L has underperformed CMB1.L with an annualized return of 11.68%, while CMB1.L has yielded a comparatively higher 16.54% annualized return.
TEET.L
- 1D
- -0.53%
- 1M
- -1.05%
- 6M
- 4.97%
- YTD
- 6.60%
- 1Y
- 17.45%
- 3Y*
- 16.68%
- 5Y*
- 10.23%
- 10Y*
- 11.68%
CMB1.L
- 1D
- -0.38%
- 1M
- 0.44%
- 6M
- 16.14%
- YTD
- 17.52%
- 1Y
- 35.59%
- 3Y*
- 28.96%
- 5Y*
- 20.94%
- 10Y*
- 16.54%
TEET.L vs. CMB1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEET.L VanEck European Equal Weight Screened UCITS ETF | 6.60% | 36.69% | 5.24% | 23.87% | -16.69% | 17.73% | 5.97% | 39.97% | -9.19% | 10.18% |
CMB1.L iShares FTSE MIB UCITS ETF (Acc) | 17.52% | 54.68% | 11.37% | 37.57% | -13.87% | 17.22% | 4.63% | 29.84% | -18.67% | 34.14% |
Correlation
The correlation between TEET.L and CMB1.L is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.77 |
The correlation between TEET.L and CMB1.L has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.
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Return for Risk
TEET.L vs. CMB1.L — Risk / Return Rank
TEET.L
CMB1.L
TEET.L vs. CMB1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck European Equal Weight Screened UCITS ETF (TEET.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.
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.
| TEET.L | CMB1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.36 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 3.15 | -1.83 |
| Martin ratioReturn relative to average drawdown | 4.82 | 10.99 | -6.17 |
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Drawdowns
TEET.L vs. CMB1.L - Drawdown Comparison
The maximum TEET.L drawdown since its inception was -37.34%, smaller than the maximum CMB1.L drawdown of -57.87%. Use the drawdown chart below to compare losses from any high point for TEET.L and CMB1.L.
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Drawdown Indicators
| TEET.L | CMB1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.34% | -57.87% | +20.53% |
Max Drawdown (1Y)Largest decline over 1 year | -12.35% | -11.25% | -1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -15.53% | -17.48% | +1.95% |
Max Drawdown (5Y)Largest decline over 5 years | -34.03% | -35.65% | +1.62% |
Max Drawdown (10Y)Largest decline over 10 years | -37.34% | -41.93% | +4.59% |
Current DrawdownCurrent decline from peak | -2.26% | -0.83% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -7.20% | -19.27% | +12.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 3.23% | +0.16% |
Volatility
TEET.L vs. CMB1.L - Volatility Comparison
VanEck European Equal Weight Screened UCITS ETF (TEET.L) has a higher volatility of 4.76% compared to iShares FTSE MIB UCITS ETF (Acc) (CMB1.L) at 4.20%. This indicates that TEET.L's price experiences larger fluctuations and is considered to be riskier 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
| TEET.L | CMB1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 4.20% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 14.79% | 14.34% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.16% | 17.20% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.75% | 21.17% | -2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.11% | 22.04% | -2.93% |
TEET.L vs. CMB1.L - Expense Ratio Comparison
TEET.L has a 0.40% expense ratio, which is higher than CMB1.L's 0.33% expense ratio.
Dividends
TEET.L vs. CMB1.L - Dividend Comparison
TEET.L's dividend yield for the trailing twelve months is around 2.68%, while CMB1.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CMB1.L iShares FTSE MIB UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TEET.L VanEck European Equal Weight Screened UCITS ETF | 2.68% | 2.41% | 2.84% | 2.58% | 2.92% | 2.60% | 2.20% | 3.69% | 4.29% | 2.69% |
Frequently Asked Questions
TEET.L and CMB1.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMB1.L is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMB1.L is cheaper with a 0.33% expense ratio, compared with 0.40% for TEET.L.
TEET.L tracks VanEck European Equal Weight Screened UCITS ETF, while CMB1.L tracks FTSE Italia AllShare TR EUR. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.40% for TEET.L and 0.33% for CMB1.L.
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