VMIG.L vs. MIBX.L
VMIG.L (Vanguard FTSE 250 UCITS ETF (GBP) Accumulating) and MIBX.L (Lyxor FTSE MIB UCITS ETF - Dist) are both Europe Equities funds - VMIG.L tracks the FTSE 250 Ex Investment Trust TR GBP while MIBX.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 5 years, VMIG.L returned 6.49%/yr vs 21.70%/yr for MIBX.L. A 0.63 correlation means they provide meaningful diversification when combined. VMIG.L charges 0.10%/yr vs 0.35%/yr for MIBX.L.
Performance
VMIG.L vs. MIBX.L - Performance Comparison
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Different Trading Currencies
VMIG.L is traded in GBP, while MIBX.L is traded in GBp. To make them comparable, the MIBX.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VMIG.L achieves a 6.20% return, which is significantly lower than MIBX.L's 18.63% return.
VMIG.L
- 1D
- 0.29%
- 1M
- 0.61%
- 6M
- 3.95%
- YTD
- 6.20%
- 1Y
- 11.95%
- 3Y*
- 13.63%
- 5Y*
- 6.49%
- 10Y*
- —
MIBX.L
- 1D
- 0.50%
- 1M
- 1.17%
- 6M
- 17.18%
- YTD
- 18.63%
- 1Y
- 35.91%
- 3Y*
- 28.13%
- 5Y*
- 21.70%
- 10Y*
- 16.42%
VMIG.L vs. MIBX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VMIG.L Vanguard FTSE 250 UCITS ETF (GBP) Accumulating | 6.20% | 13.52% | 11.01% | 11.96% | -14.58% | 19.28% | -2.22% | 17.54% |
MIBX.L Lyxor FTSE MIB UCITS ETF - Dist | 18.63% | 43.78% | 13.17% | 30.61% | -3.53% | 18.16% | 1.49% | 14.87% |
Correlation
The correlation between VMIG.L and MIBX.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since May 14, 2019 | 0.63 |
The correlation between VMIG.L and MIBX.L has been stable across timeframes, ranging from 0.55 to 0.65 - a consistent structural relationship.
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Return for Risk
VMIG.L vs. MIBX.L — Risk / Return Rank
VMIG.L
MIBX.L
VMIG.L vs. MIBX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE 250 UCITS ETF (GBP) Accumulating (VMIG.L) and Lyxor FTSE MIB UCITS ETF - Dist (MIBX.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.
| VMIG.L | MIBX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.40 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 3.38 | -2.35 |
| Martin ratioReturn relative to average drawdown | 3.68 | 12.08 | -8.40 |
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Drawdowns
VMIG.L vs. MIBX.L - Drawdown Comparison
The maximum VMIG.L drawdown since its inception was -41.38%, smaller than the maximum MIBX.L drawdown of -67.93%. Use the drawdown chart below to compare losses from any high point for VMIG.L and MIBX.L.
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Drawdown Indicators
| VMIG.L | MIBX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.38% | -67.93% | +26.55% |
Max Drawdown (1Y)Largest decline over 1 year | -11.59% | -10.26% | -1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -14.60% | -15.64% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -27.02% | -24.06% | -2.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.10% | — |
Current DrawdownCurrent decline from peak | -0.18% | -1.36% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -7.68% | -39.74% | +32.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 2.88% | +0.36% |
Volatility
VMIG.L vs. MIBX.L - Volatility Comparison
The current volatility for Vanguard FTSE 250 UCITS ETF (GBP) Accumulating (VMIG.L) is 3.13%, while Lyxor FTSE MIB UCITS ETF - Dist (MIBX.L) has a volatility of 3.87%. This indicates that VMIG.L experiences smaller price fluctuations and is considered to be less risky than MIBX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMIG.L | MIBX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 3.87% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | 12.60% | -2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.40% | 15.16% | -2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.06% | 17.93% | -2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.30% | 18.83% | -1.53% |
VMIG.L vs. MIBX.L - Expense Ratio Comparison
VMIG.L has a 0.10% expense ratio, which is lower than MIBX.L's 0.35% expense ratio.
Dividends
VMIG.L vs. MIBX.L - Dividend Comparison
VMIG.L has not paid dividends to shareholders, while MIBX.L's dividend yield for the trailing twelve months is around 3.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIBX.L Lyxor FTSE MIB UCITS ETF - Dist | 3.11% | 3.68% | 3.93% | 3.73% | 3.88% | 2.09% | 1.55% | 4.02% | 4.05% | 2.75% | 3.56% | 3.05% |
VMIG.L Vanguard FTSE 250 UCITS ETF (GBP) Accumulating | 0.00% | 0.51% | 3.22% | 3.33% | 3.21% | 2.55% | 2.05% | 1.41% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VMIG.L and MIBX.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VMIG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VMIG.L is cheaper with a 0.10% expense ratio, compared with 0.35% for MIBX.L.
VMIG.L tracks FTSE 250 Ex Investment Trust TR GBP, while MIBX.L tracks FTSE Italia AllShare TR EUR. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.10% for VMIG.L and 0.35% for MIBX.L.
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