MDBA.DE vs. 18M1.DE
MDBA.DE (UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc) and 18M1.DE (Amundi Euro Government Bond 0-6 M UCITS ETF (Acc)) are both Government Bonds funds - MDBA.DE tracks the Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped while 18M1.DE tracks the FTSE Eurozone Government Bill 0-6 Month Capped Index. Both are passively managed. Over the past 5 years, MDBA.DE returned 1.71%/yr vs 1.72%/yr for 18M1.DE. At a 0.01 correlation, their price movements are largely independent. MDBA.DE charges 0.15%/yr vs 0.14%/yr for 18M1.DE.
Performance
MDBA.DE vs. 18M1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MDBA.DE achieves a 3.02% return, which is significantly higher than 18M1.DE's 1.00% return.
MDBA.DE
- 1D
- 0.00%
- 1M
- 1.77%
- 6M
- 3.02%
- YTD
- 3.02%
- 1Y
- 6.01%
- 3Y*
- 2.60%
- 5Y*
- 1.71%
- 10Y*
- —
18M1.DE
- 1D
- 0.01%
- 1M
- 0.21%
- 6M
- 0.92%
- YTD
- 1.00%
- 1Y
- 1.87%
- 3Y*
- 2.79%
- 5Y*
- 1.72%
- 10Y*
- 0.52%
MDBA.DE vs. 18M1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MDBA.DE UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc | 3.02% | -5.27% | 8.74% | 0.88% | -1.83% | 6.67% | -4.51% | 7.59% | -11.06% |
18M1.DE Amundi Euro Government Bond 0-6 M UCITS ETF (Acc) | 1.00% | 2.05% | 3.53% | 2.89% | -0.42% | -0.78% | -0.60% | -0.61% | -0.10% |
Correlation
The correlation between MDBA.DE and 18M1.DE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2018 | 0.01 |
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Return for Risk
MDBA.DE vs. 18M1.DE — Risk / Return Rank
MDBA.DE
18M1.DE
MDBA.DE vs. 18M1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc (MDBA.DE) and Amundi Euro Government Bond 0-6 M UCITS ETF (Acc) (18M1.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.
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.
| MDBA.DE | 18M1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.88 | ||
| Sortino ratioReturn per unit of downside risk | -7.14 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 2.28 | -1.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 28.91 | -27.33 |
| Martin ratioReturn relative to average drawdown | 4.03 | 103.56 | -99.53 |
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Drawdowns
MDBA.DE vs. 18M1.DE - Drawdown Comparison
The maximum MDBA.DE drawdown since its inception was -12.89%, which is greater than 18M1.DE's maximum drawdown of -4.83%. Use the drawdown chart below to compare losses from any high point for MDBA.DE and 18M1.DE.
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Drawdown Indicators
| MDBA.DE | 18M1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.89% | -4.83% | -8.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -0.06% | -3.73% |
Max Drawdown (3Y)Largest decline over 3 years | -10.05% | -0.13% | -9.92% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -1.02% | -11.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -4.31% | — |
Current DrawdownCurrent decline from peak | -4.46% | 0.00% | -4.46% |
Average DrawdownAverage peak-to-trough decline | -6.50% | -1.38% | -5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 0.02% | +1.47% |
Volatility
MDBA.DE vs. 18M1.DE - Volatility Comparison
UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc (MDBA.DE) has a higher volatility of 1.43% compared to Amundi Euro Government Bond 0-6 M UCITS ETF (Acc) (18M1.DE) at 0.06%. This indicates that MDBA.DE's price experiences larger fluctuations and is considered to be riskier than 18M1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDBA.DE | 18M1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 0.06% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 3.77% | 0.28% | +3.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.32% | 0.37% | +4.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.27% | 0.39% | +6.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.67% | 0.48% | +10.19% |
MDBA.DE vs. 18M1.DE - Expense Ratio Comparison
MDBA.DE has a 0.15% expense ratio, which is higher than 18M1.DE's 0.14% 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
MDBA.DE vs. 18M1.DE - Dividend Comparison
Neither MDBA.DE nor 18M1.DE has paid dividends to shareholders.
Frequently Asked Questions
MDBA.DE and 18M1.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 18M1.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
18M1.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for MDBA.DE.
MDBA.DE tracks Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped, while 18M1.DE tracks FTSE Eurozone Government Bill 0-6 Month Capped Index. They also come from different issuers: UBS and Amundi. Their fees differ too: 0.15% for MDBA.DE and 0.14% for 18M1.DE.
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