CBU0.DE vs. MDBU.DE
CBU0.DE (iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc) and MDBU.DE (UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis) are both exchange-traded funds - CBU0.DE is a Corporate Bonds fund tracking the iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged), while MDBU.DE is a Government Bonds fund tracking the Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped Index. Both are passively managed. Over the past 3 years, CBU0.DE returned 3.94%/yr vs 0.83%/yr for MDBU.DE. At a 0.03 correlation, their price movements are largely independent. CBU0.DE charges 0.25%/yr vs 0.18%/yr for MDBU.DE.
Performance
CBU0.DE vs. MDBU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBU0.DE achieves a -0.89% return, which is significantly lower than MDBU.DE's 1.02% return.
CBU0.DE
- 1D
- 0.17%
- 1M
- 1.62%
- YTD
- -0.89%
- 6M
- -0.90%
- 1Y
- 2.46%
- 3Y*
- 3.94%
- 5Y*
- —
- 10Y*
- —
MDBU.DE
- 1D
- 0.09%
- 1M
- 0.78%
- YTD
- 1.02%
- 6M
- 0.39%
- 1Y
- 1.13%
- 3Y*
- 0.83%
- 5Y*
- 1.69%
- 10Y*
- —
CBU0.DE vs. MDBU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CBU0.DE iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc | -0.89% | 4.58% | -0.25% | 5.06% |
MDBU.DE UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis | 1.02% | -5.52% | 8.42% | -1.47% |
Correlation
The correlation between CBU0.DE and MDBU.DE is -0.19, 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 | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2023 | 0.03 |
The correlation between CBU0.DE and MDBU.DE shifts across timeframes, from -0.19 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CBU0.DE vs. MDBU.DE — Risk / Return Rank
CBU0.DE
MDBU.DE
CBU0.DE vs. MDBU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.DE) and UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis (MDBU.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.
| CBU0.DE | MDBU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.04 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 0.30 | +0.29 |
| Martin ratioReturn relative to average drawdown | 1.62 | 0.72 | +0.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CBU0.DE | MDBU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 0.21 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.22 | +0.23 |
Drawdowns
CBU0.DE vs. MDBU.DE - Drawdown Comparison
The maximum CBU0.DE drawdown since its inception was -6.02%, smaller than the maximum MDBU.DE drawdown of -12.38%. Use the drawdown chart below to compare losses from any high point for CBU0.DE and MDBU.DE.
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Drawdown Indicators
| CBU0.DE | MDBU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.02% | -12.38% | +6.36% |
Max Drawdown (1Y)Largest decline over 1 year | -4.20% | -3.81% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -4.20% | -10.06% | +5.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.09% | — |
Current DrawdownCurrent decline from peak | -2.03% | -6.60% | +4.57% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -5.71% | +4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.57% | -0.05% |
Volatility
CBU0.DE vs. MDBU.DE - Volatility Comparison
iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.DE) has a higher volatility of 2.00% compared to UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis (MDBU.DE) at 0.90%. This indicates that CBU0.DE's price experiences larger fluctuations and is considered to be riskier than MDBU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBU0.DE | MDBU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 0.90% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 4.39% | 3.83% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.11% | 5.40% | -0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.81% | 7.21% | -1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.81% | 6.88% | -1.07% |
CBU0.DE vs. MDBU.DE - Expense Ratio Comparison
CBU0.DE has a 0.25% expense ratio, which is higher than MDBU.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CBU0.DE vs. MDBU.DE - Dividend Comparison
CBU0.DE has not paid dividends to shareholders, while MDBU.DE's dividend yield for the trailing twelve months is around 2.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CBU0.DE iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MDBU.DE UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis | 2.66% | 3.79% | 1.92% | 1.75% | 0.75% | 0.59% | 1.58% | 1.40% |
Frequently Asked Questions
CBU0.DE and MDBU.DE have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MDBU.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MDBU.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for CBU0.DE.
CBU0.DE is categorized as Corporate Bonds, while MDBU.DE is Government Bonds. CBU0.DE tracks iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged), while MDBU.DE tracks Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped Index. They also come from different issuers: iShares and UBS. Their fees differ too: 0.25% for CBU0.DE and 0.18% for MDBU.DE.
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