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

UKDV.L vs. IMIB.L

Last updated Jun 25, 2026

UKDV.L (SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)) and IMIB.L (iShares FTSE MIB UCITS ETF EUR (Dist)) are both Europe Equities funds - UKDV.L tracks the FTSE AllSh TR GBP while IMIB.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 10 years, UKDV.L returned 5.03%/yr vs 17.18%/yr for IMIB.L. A 0.60 correlation means they provide meaningful diversification when combined. UKDV.L charges 0.30%/yr vs 0.35%/yr for IMIB.L.

Performance

UKDV.L vs. IMIB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.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

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

Returns By Period

In the year-to-date period, UKDV.L achieves a 8.35% return, which is significantly lower than IMIB.L's 16.78% return. Over the past 10 years, UKDV.L has underperformed IMIB.L with an annualized return of 5.03%, while IMIB.L has yielded a comparatively higher 17.18% annualized return.

UKDV.L

1D
1.25%
1M
2.69%
YTD
8.35%
6M
8.44%
1Y
16.90%
3Y*
14.33%
5Y*
7.15%
10Y*
5.03%

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)

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

2026 (YTD)202520242023202220212020201920182017
UKDV.L
SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)		8.35%16.89%10.35%5.75%-8.09%14.13%-17.26%32.17%-15.39%3.71%
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 UKDV.L and IMIB.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.41

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

0.55

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

0.60

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

0.57

Correlation (All Time)
Calculated using the full available price history since Feb 28, 2012

0.60

The correlation between UKDV.L and IMIB.L shifts across timeframes, from 0.41 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.

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

Sectors
UKDV.L
IMIB.L

Financial Services

23.8%
45.3%

Industrials

23.7%
11.4%

Real Estate

13.6%
0.3%

Consumer Defensive

10.9%
0.4%

Healthcare

8.2%
1.2%

Consumer Cyclical

6.8%
9.9%

Utilities

4.9%
15.9%

Basic Materials

3.9%
0.5%

Communication Services

3.0%
1.7%

Technology

1.2%
5.5%

Energy

-

7.9%

Financial Services

UKDV.L
23.8%
IMIB.L
45.3%

Industrials

UKDV.L
23.7%
IMIB.L
11.4%

Real Estate

UKDV.L
13.6%
IMIB.L
0.3%

Consumer Defensive

UKDV.L
10.9%
IMIB.L
0.4%

Healthcare

UKDV.L
8.2%
IMIB.L
1.2%

Consumer Cyclical

UKDV.L
6.8%
IMIB.L
9.9%

Utilities

UKDV.L
4.9%
IMIB.L
15.9%

Basic Materials

UKDV.L
3.9%
IMIB.L
0.5%

Communication Services

UKDV.L
3.0%
IMIB.L
1.7%

Technology

UKDV.L
1.2%
IMIB.L
5.5%

Energy

UKDV.L

-

IMIB.L
7.9%

Compare stocks, funds, or ETFs

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

SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)

iShares FTSE MIB UCITS ETF EUR (Dist)

Often compared with UKDV.L:
UKDV.L vs. IUKD.LUKDV.L vs. SCHDUKDV.L vs. VHYG.LUKDV.L vs. ISF.LUKDV.L vs. VGOV.LUKDV.L vs. LDEG.LUKDV.L vs. VUKE.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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UKDV.L
UKDV.L Risk / Return Rank: 3636
Overall Rank
UKDV.L Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
UKDV.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
UKDV.L Omega Ratio Rank: 3535
Omega Ratio Rank
UKDV.L Calmar Ratio Rank: 3535
Calmar Ratio Rank
UKDV.L Martin Ratio Rank: 3838
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.

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

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.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.

UKDV.LIMIB.LDifference
Sharpe ratioReturn per unit of total volatility
1.21
2.49

-1.29

Sortino ratioReturn per unit of downside risk
1.77
3.36

-1.59

Omega ratioGain probability vs. loss probability

1.22

1.44

-0.22

Calmar ratioReturn relative to maximum drawdown

1.60

3.65

-2.05

Martin ratioReturn relative to average drawdown

5.41

13.36

-7.95

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

The current UKDV.L Sharpe Ratio is 1.21, which is lower than the IMIB.L Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of UKDV.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

UKDV.L vs. IMIB.L - Drawdown Comparison

The maximum UKDV.L drawdown since its inception was -38.19%, smaller than the maximum IMIB.L drawdown of -70.29%. Use the drawdown chart below to compare losses from any high point for UKDV.L and IMIB.L.

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Drawdown Indicators

UKDV.LIMIB.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.19%

-70.29%

+32.10%

Max Drawdown (1Y)

Largest decline over 1 year

-10.48%

-10.28%

-0.20%

Max Drawdown (3Y)

Largest decline over 3 years

-13.06%

-15.58%

+2.52%

Max Drawdown (5Y)

Largest decline over 5 years

-18.56%

-24.06%

+5.50%

Max Drawdown (10Y)

Largest decline over 10 years

-38.19%

-36.68%

-1.51%

Current Drawdown

Current decline from peak

0.00%

-2.87%

+2.87%

Average Drawdown

Average peak-to-trough decline

-7.64%

-32.97%

+25.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.11%

2.82%

+0.29%

Volatility

UKDV.L vs. IMIB.L - Volatility Comparison

SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.L) has a higher volatility of 4.99% compared to iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L) at 4.08%. This indicates that UKDV.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

UKDV.LIMIB.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.99%

4.08%

+0.91%

Volatility (6M)

Calculated over the trailing 6-month period

12.03%

12.35%

-0.32%

Volatility (1Y)

Calculated over the trailing 1-year period

13.95%

15.10%

-1.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.27%

17.94%

-3.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.77%

19.35%

-3.58%

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

UKDV.L has a 0.30% expense ratio, which is lower than IMIB.L's 0.35% expense ratio.

Dividends

UKDV.L vs. IMIB.L - Dividend Comparison

UKDV.L's dividend yield for the trailing twelve months is around 3.37%, 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%
UKDV.L
SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)		3.37%3.65%3.40%3.65%4.54%3.64%3.27%4.05%4.67%3.78%4.28%3.99%

Frequently Asked Questions

UKDV.L and IMIB.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, UKDV.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UKDV.L is cheaper with a 0.30% expense ratio, compared with 0.35% for IMIB.L.

UKDV.L tracks FTSE AllSh TR GBP, while IMIB.L tracks FTSE Italia AllShare TR EUR. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for UKDV.L and 0.35% for IMIB.L.

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