MDBA.DE vs. BCFE.DE
MDBA.DE (UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc) and BCFE.DE (UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - MDBA.DE is a Government Bonds fund tracking the Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped, while BCFE.DE is a Commodities fund tracking the UBS BCOM Constant Maturity (EUR Hedged). Both are passively managed. Over the past 5 years, MDBA.DE returned 1.90%/yr vs 9.76%/yr for BCFE.DE. At a correlation of -0.23, they often move in opposite directions. MDBA.DE charges 0.15%/yr vs 0.34%/yr for BCFE.DE.
Performance
MDBA.DE vs. BCFE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MDBA.DE achieves a 1.20% return, which is significantly lower than BCFE.DE's 17.15% return.
MDBA.DE
- 1D
- 0.00%
- 1M
- 0.73%
- YTD
- 1.20%
- 6M
- 0.67%
- 1Y
- 1.63%
- 3Y*
- 1.12%
- 5Y*
- 1.90%
- 10Y*
- —
BCFE.DE
- 1D
- -1.12%
- 1M
- -2.28%
- YTD
- 17.15%
- 6M
- 19.15%
- 1Y
- 29.80%
- 3Y*
- 12.43%
- 5Y*
- 9.76%
- 10Y*
- —
MDBA.DE vs. BCFE.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 | 1.20% | -5.19% | 8.65% | 0.89% | -1.84% | 6.67% | -4.47% | 7.64% | 0.37% |
BCFE.DE UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc | 17.15% | 16.62% | 3.14% | -7.92% | 14.03% | 30.33% | -0.98% | 3.51% | -4.90% |
Correlation
The correlation between MDBA.DE and BCFE.DE is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2018 | -0.23 |
The correlation between MDBA.DE and BCFE.DE shifts across timeframes, from -0.23 (all time) to -0.08 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MDBA.DE vs. BCFE.DE — Risk / Return Rank
MDBA.DE
BCFE.DE
MDBA.DE vs. BCFE.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 UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.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.
| MDBA.DE | BCFE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.40 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 4.83 | -4.41 |
| Martin ratioReturn relative to average drawdown | 1.04 | 11.89 | -10.85 |
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
| MDBA.DE | BCFE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 2.14 | -1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.55 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.49 | -0.25 |
Drawdowns
MDBA.DE vs. BCFE.DE - Drawdown Comparison
The maximum MDBA.DE drawdown since its inception was -12.17%, smaller than the maximum BCFE.DE drawdown of -32.93%. Use the drawdown chart below to compare losses from any high point for MDBA.DE and BCFE.DE.
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Drawdown Indicators
| MDBA.DE | BCFE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.17% | -32.93% | +20.76% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -6.14% | +2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -10.11% | -11.00% | +0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -27.28% | +15.26% |
Current DrawdownCurrent decline from peak | -6.13% | -4.36% | -1.77% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -13.69% | +8.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 2.50% | -0.95% |
Volatility
MDBA.DE vs. BCFE.DE - Volatility Comparison
The current volatility for UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc (MDBA.DE) is 0.85%, while UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.DE) has a volatility of 4.33%. This indicates that MDBA.DE experiences smaller price fluctuations and is considered to be less risky than BCFE.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 | BCFE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 4.33% | -3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 12.10% | -8.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.31% | 13.88% | -8.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.26% | 17.51% | -10.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.03% | 15.30% | -8.27% |
MDBA.DE vs. BCFE.DE - Expense Ratio Comparison
MDBA.DE has a 0.15% expense ratio, which is lower than BCFE.DE's 0.34% expense ratio.
Dividends
MDBA.DE vs. BCFE.DE - Dividend Comparison
Neither MDBA.DE nor BCFE.DE has paid dividends to shareholders.
Frequently Asked Questions
MDBA.DE and BCFE.DE have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MDBA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MDBA.DE is cheaper with a 0.15% expense ratio, compared with 0.34% for BCFE.DE.
MDBA.DE is categorized as Government Bonds, while BCFE.DE is Commodities. MDBA.DE tracks Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped, while BCFE.DE tracks UBS BCOM Constant Maturity (EUR Hedged). Their fees differ too: 0.15% for MDBA.DE and 0.34% for BCFE.DE.
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