AW10.DE vs. MDBA.DE

Last updated Jun 5, 2026

AW10.DE (UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc) and MDBA.DE (UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc) are both exchange-traded funds - AW10.DE is a Global Equities fund tracking the MSCI World Climate Paris Aligned, while MDBA.DE is a Government Bonds fund tracking the Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped. Both are passively managed. Over the past 5 years, AW10.DE returned 12.14%/yr vs 1.90%/yr for MDBA.DE. At a correlation of -0.04, they often move in opposite directions. Both charge a 0.15% expense ratio.

Performance

AW10.DE vs. MDBA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc (AW10.DE) and UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc (MDBA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AW10.DE achieves a 7.93% return, which is significantly higher than MDBA.DE's 1.20% return.

AW10.DE

• 1D: 0.29%
• 1M: 1.14%
• YTD: 7.93%
• 6M: 9.56%
• 1Y: 16.83%
• 3Y*: 16.77%
• 5Y*: 12.14%
• 10Y*: —

MDBA.DE

• 1D: 0.00%
• 1M: 0.92%
• YTD: 1.20%
• 6M: 0.59%
• 1Y: 1.94%
• 3Y*: 1.12%
• 5Y*: 1.90%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AW10.DE vs. MDBA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AW10.DE UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc	7.93%	9.11%	25.31%	21.54%	-17.22%	22.34%
MDBA.DE UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc	1.20%	-5.19%	8.65%	0.89%	-1.84%	3.18%

Correlation

The correlation between AW10.DE and MDBA.DE is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021	-0.04

The correlation between AW10.DE and MDBA.DE shifts across timeframes, from -0.11 (1 year) to 0.03 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

AW10.DE vs. MDBA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AW10.DE

AW10.DE Risk / Return Rank: 24
AW10.DE Sharpe Ratio Rank: 21
AW10.DE Sortino Ratio Rank: 22
AW10.DE Omega Ratio Rank: 36
AW10.DE Calmar Ratio Rank: 23
AW10.DE Martin Ratio Rank: 19

MDBA.DE

MDBA.DE Risk / Return Rank: 13
MDBA.DE Sharpe Ratio Rank: 14
MDBA.DE Sortino Ratio Rank: 13
MDBA.DE Omega Ratio Rank: 12
MDBA.DE Calmar Ratio Rank: 14
MDBA.DE Martin Ratio Rank: 14

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.

AW10.DE vs. MDBA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc (AW10.DE) and UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc (MDBA.DE). 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.

	AW10.DE	MDBA.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.69	0.31	+0.38
Sortino ratio: Return per unit of downside risk	1.18	0.48	+0.70
Omega ratio: Gain probability vs. loss probability	1.24	1.05	+0.18
Calmar ratio: Return relative to maximum drawdown	1.02	0.43	+0.59
Martin ratio: Return relative to average drawdown	1.98	1.04	+0.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AW10.DE vs. MDBA.DE - Sharpe Ratio Comparison

The current AW10.DE Sharpe Ratio is 0.69, which is higher than the MDBA.DE Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of AW10.DE and MDBA.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AW10.DE	MDBA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	0.31	+0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.26	+0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.24	+0.47

Drawdowns

AW10.DE vs. MDBA.DE - Drawdown Comparison

The maximum AW10.DE drawdown since its inception was -19.92%, which is greater than MDBA.DE's maximum drawdown of -12.17%. Use the drawdown chart below to compare losses from any high point for AW10.DE and MDBA.DE.

Drawdown Indicators

	AW10.DE	MDBA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-19.92%	-12.17%	-7.75%
Max Drawdown (1Y) Largest decline over 1 year	-16.56%	-3.81%	-12.75%
Max Drawdown (3Y) Largest decline over 3 years	-17.58%	-10.11%	-7.47%
Max Drawdown (5Y) Largest decline over 5 years	-19.92%	-12.02%	-7.90%
Current Drawdown Current decline from peak	-5.44%	-6.13%	+0.69%
Average Drawdown Average peak-to-trough decline	-5.91%	-5.56%	-0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.55%	1.55%	+7.00%

Volatility

AW10.DE vs. MDBA.DE - Volatility Comparison

UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc (AW10.DE) has a higher volatility of 3.47% compared to UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc (MDBA.DE) at 0.85%. This indicates that AW10.DE's price experiences larger fluctuations and is considered to be riskier than MDBA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AW10.DE	MDBA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	0.85%	+2.62%
Volatility (6M) Calculated over the trailing 6-month period	10.93%	3.65%	+7.28%
Volatility (1Y) Calculated over the trailing 1-year period	24.57%	5.31%	+19.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.11%	7.26%	+9.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	7.03%	+9.92%

AW10.DE vs. MDBA.DE - Expense Ratio Comparison

Both AW10.DE and MDBA.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

AW10.DE vs. MDBA.DE - Dividend Comparison

Neither AW10.DE nor MDBA.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AW10.DE and MDBA.DE in my portfolio?

AW10.DE and MDBA.DE have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AW10.DE or MDBA.DE?

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AW10.DE or MDBA.DE?

AW10.DE and MDBA.DE have the same expense ratio: 0.15% per year.

What is the main difference between AW10.DE and MDBA.DE?

AW10.DE is categorized as Global Equities, while MDBA.DE is Government Bonds. AW10.DE tracks MSCI World Climate Paris Aligned, while MDBA.DE tracks Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped.