MDBA.DE vs. EXHC.DE
MDBA.DE (UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc) and EXHC.DE (iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE)) are both Government Bonds funds - MDBA.DE tracks the Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped while EXHC.DE tracks the eb.rexx Government Germany 2.5-5.5 Index. Both are passively managed. Over the past 5 years, MDBA.DE returned 1.71%/yr vs -0.87%/yr for EXHC.DE. At a 0.22 correlation, their price movements are largely independent. MDBA.DE charges 0.15%/yr vs 0.16%/yr for EXHC.DE.
Performance
MDBA.DE vs. EXHC.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 EXHC.DE's 0.37% 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*
- —
EXHC.DE
- 1D
- -0.17%
- 1M
- 0.67%
- 6M
- 0.42%
- YTD
- 0.37%
- 1Y
- 0.40%
- 3Y*
- 2.33%
- 5Y*
- -0.87%
- 10Y*
- -0.63%
MDBA.DE vs. EXHC.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% |
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | 0.37% | 1.16% | 1.57% | 4.17% | -10.23% | -1.37% | -0.09% | -0.18% | 0.44% |
Correlation
The correlation between MDBA.DE and EXHC.DE is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2018 | 0.22 |
The correlation between MDBA.DE and EXHC.DE shifts across timeframes, from -0.04 (1 year) to 0.23 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MDBA.DE vs. EXHC.DE — Risk / Return Rank
MDBA.DE
EXHC.DE
MDBA.DE vs. EXHC.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 eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.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 | EXHC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.03 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 0.19 | +1.39 |
| Martin ratioReturn relative to average drawdown | 4.03 | 0.46 | +3.57 |
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Drawdowns
MDBA.DE vs. EXHC.DE - Drawdown Comparison
The maximum MDBA.DE drawdown since its inception was -12.89%, smaller than the maximum EXHC.DE drawdown of -14.39%. Use the drawdown chart below to compare losses from any high point for MDBA.DE and EXHC.DE.
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Drawdown Indicators
| MDBA.DE | EXHC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.89% | -14.39% | +1.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -2.06% | -1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -10.05% | -2.33% | -7.72% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -12.55% | +0.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.39% | — |
Current DrawdownCurrent decline from peak | -4.46% | -6.78% | +2.32% |
Average DrawdownAverage peak-to-trough decline | -6.50% | -2.90% | -3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 0.87% | +0.62% |
Volatility
MDBA.DE vs. EXHC.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 iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.DE) at 0.52%. This indicates that MDBA.DE's price experiences larger fluctuations and is considered to be riskier than EXHC.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 | EXHC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 0.52% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 3.77% | 2.06% | +1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.32% | 2.39% | +2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.27% | 3.59% | +3.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.67% | 2.76% | +7.91% |
MDBA.DE vs. EXHC.DE - Expense Ratio Comparison
MDBA.DE has a 0.15% expense ratio, which is lower than EXHC.DE's 0.16% 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. EXHC.DE - Dividend Comparison
MDBA.DE has not paid dividends to shareholders, while EXHC.DE's dividend yield for the trailing twelve months is around 1.40%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | 1.40% | 1.38% | 1.11% | 0.81% | 0.41% | 0.68% | 0.86% | 1.08% | 0.91% | 1.34% | 1.65% | 1.82% |
MDBA.DE UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MDBA.DE and EXHC.DE have a correlation of -0.04, 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 0.16% for EXHC.DE.
MDBA.DE tracks Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped, while EXHC.DE tracks eb.rexx Government Germany 2.5-5.5 Index. They also come from different issuers: UBS and iShares. Their fees differ too: 0.15% for MDBA.DE and 0.16% for EXHC.DE.
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