MDBA.DE vs. CBU0.DE
MDBA.DE (UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc) and CBU0.DE (iShares Core GBP Corporate Bond 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 CBU0.DE is a Corporate Bonds fund tracking the iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged). Both are passively managed. Over the past 3 years, MDBA.DE returned 1.12%/yr vs 3.94%/yr for CBU0.DE. At a 0.04 correlation, their price movements are largely independent. MDBA.DE charges 0.15%/yr vs 0.25%/yr for CBU0.DE.
Performance
MDBA.DE vs. CBU0.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 higher than CBU0.DE's -0.89% 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*
- —
CBU0.DE
- 1D
- 0.17%
- 1M
- 1.62%
- YTD
- -0.89%
- 6M
- -0.90%
- 1Y
- 2.46%
- 3Y*
- 3.94%
- 5Y*
- —
- 10Y*
- —
MDBA.DE vs. CBU0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MDBA.DE UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc | 1.20% | -5.19% | 8.65% | -1.39% |
CBU0.DE iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc | -0.89% | 4.58% | -0.25% | 5.06% |
Correlation
The correlation between MDBA.DE and CBU0.DE is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2023 | 0.04 |
The correlation between MDBA.DE and CBU0.DE shifts across timeframes, from -0.18 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MDBA.DE vs. CBU0.DE — Risk / Return Rank
MDBA.DE
CBU0.DE
MDBA.DE vs. CBU0.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 iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.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 | CBU0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.09 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 0.58 | -0.16 |
| Martin ratioReturn relative to average drawdown | 1.04 | 1.62 | -0.57 |
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 | CBU0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 0.48 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.45 | -0.21 |
Drawdowns
MDBA.DE vs. CBU0.DE - Drawdown Comparison
The maximum MDBA.DE drawdown since its inception was -12.17%, which is greater than CBU0.DE's maximum drawdown of -6.02%. Use the drawdown chart below to compare losses from any high point for MDBA.DE and CBU0.DE.
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Drawdown Indicators
| MDBA.DE | CBU0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.17% | -6.02% | -6.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -4.20% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -10.11% | -4.20% | -5.91% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | — | — |
Current DrawdownCurrent decline from peak | -6.13% | -2.03% | -4.10% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -1.65% | -3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.52% | +0.03% |
Volatility
MDBA.DE vs. CBU0.DE - Volatility Comparison
The current volatility for UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc (MDBA.DE) is 0.85%, while iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.DE) has a volatility of 2.00%. This indicates that MDBA.DE experiences smaller price fluctuations and is considered to be less risky than CBU0.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 | CBU0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 2.00% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 4.39% | -0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.31% | 5.11% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.26% | 5.81% | +1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.03% | 5.81% | +1.22% |
MDBA.DE vs. CBU0.DE - Expense Ratio Comparison
MDBA.DE has a 0.15% expense ratio, which is lower than CBU0.DE's 0.25% expense ratio. Despite the difference, 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. CBU0.DE - Dividend Comparison
Neither MDBA.DE nor CBU0.DE has paid dividends to shareholders.
Frequently Asked Questions
MDBA.DE and CBU0.DE have a correlation of -0.18, 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 0.25% for CBU0.DE.
MDBA.DE is categorized as Government Bonds, while CBU0.DE is Corporate Bonds. MDBA.DE tracks Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped, while CBU0.DE tracks iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged). They also come from different issuers: UBS and iShares. Their fees differ too: 0.15% for MDBA.DE and 0.25% for CBU0.DE.
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