MDBA.DE vs. IBCC.DE
MDBA.DE (UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc) and IBCC.DE (iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both Government Bonds funds - MDBA.DE tracks the Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped while IBCC.DE tracks the ICE US Treasury Short Bond Index. Both are passively managed. Over the past 5 years, MDBA.DE returned 1.71%/yr vs 4.17%/yr for IBCC.DE. Their correlation of 0.87 suggests significant overlap in exposure. MDBA.DE charges 0.15%/yr vs 0.07%/yr for IBCC.DE.
Performance
MDBA.DE vs. IBCC.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 lower than IBCC.DE's 4.60% 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*
- —
IBCC.DE
- 1D
- 0.23%
- 1M
- 1.87%
- 6M
- 4.60%
- YTD
- 4.60%
- 1Y
- 6.83%
- 3Y*
- 3.02%
- 5Y*
- 4.17%
- 10Y*
- —
MDBA.DE vs. IBCC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 5.80% |
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.60% | -7.23% | 11.42% | 1.23% | 7.25% | 8.42% | -8.13% | -8.71% |
Correlation
The correlation between MDBA.DE and IBCC.DE is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.87 |
The correlation between MDBA.DE and IBCC.DE has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.
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Return for Risk
MDBA.DE vs. IBCC.DE — Risk / Return Rank
MDBA.DE
IBCC.DE
MDBA.DE vs. IBCC.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 $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.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 | IBCC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 2.10 | -0.52 |
| Martin ratioReturn relative to average drawdown | 4.03 | 4.78 | -0.75 |
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Drawdowns
MDBA.DE vs. IBCC.DE - Drawdown Comparison
The maximum MDBA.DE drawdown since its inception was -12.89%, smaller than the maximum IBCC.DE drawdown of -16.17%. Use the drawdown chart below to compare losses from any high point for MDBA.DE and IBCC.DE.
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Drawdown Indicators
| MDBA.DE | IBCC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.89% | -16.17% | +3.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -3.24% | -0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -10.05% | -11.59% | +1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -11.69% | -0.33% |
Current DrawdownCurrent decline from peak | -4.46% | -5.33% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -6.50% | -7.99% | +1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 1.43% | +0.06% |
Volatility
MDBA.DE vs. IBCC.DE - Volatility Comparison
The current volatility for UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc (MDBA.DE) is 1.43%, while iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) has a volatility of 1.88%. This indicates that MDBA.DE experiences smaller price fluctuations and is considered to be less risky than IBCC.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 | IBCC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.88% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 3.77% | 4.35% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.32% | 6.23% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.27% | 7.57% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.67% | 8.43% | +2.24% |
MDBA.DE vs. IBCC.DE - Expense Ratio Comparison
MDBA.DE has a 0.15% expense ratio, which is higher than IBCC.DE's 0.07% 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. IBCC.DE - Dividend Comparison
MDBA.DE has not paid dividends to shareholders, while IBCC.DE's dividend yield for the trailing twelve months is around 3.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 3.99% | 4.63% | 6.49% | 4.14% | 0.47% | 0.09% | 1.39% | 1.22% |
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% |
Frequently Asked Questions
MDBA.DE and IBCC.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCC.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCC.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for MDBA.DE.
MDBA.DE tracks Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped, while IBCC.DE tracks ICE US Treasury Short Bond Index. They also come from different issuers: UBS and iShares. Their fees differ too: 0.15% for MDBA.DE and 0.07% for IBCC.DE.
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