MDBA.DE vs. SYBT.DE
MDBA.DE (UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc) and SYBT.DE (SPDR Bloomberg US Treasury Bond UCITS ETF) are both Government Bonds funds - MDBA.DE tracks the Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped while SYBT.DE tracks the Bloomberg US Treasury. Both are passively managed. Over the past 5 years, MDBA.DE returned 1.90%/yr vs 0.43%/yr for SYBT.DE. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
MDBA.DE vs. SYBT.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 SYBT.DE's 0.91% 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*
- —
SYBT.DE
- 1D
- -0.19%
- 1M
- 0.79%
- YTD
- 0.91%
- 6M
- 0.11%
- 1Y
- 1.42%
- 3Y*
- 0.03%
- 5Y*
- 0.43%
- 10Y*
- 0.75%
MDBA.DE vs. SYBT.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% |
SYBT.DE SPDR Bloomberg US Treasury Bond UCITS ETF | 0.91% | -5.48% | 6.46% | 0.26% | -7.00% | 5.72% | -1.94% | 10.87% | 1.19% |
Correlation
The correlation between MDBA.DE and SYBT.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2018 | 0.87 |
The correlation between MDBA.DE and SYBT.DE has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
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Return for Risk
MDBA.DE vs. SYBT.DE — Risk / Return Rank
MDBA.DE
SYBT.DE
MDBA.DE vs. SYBT.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 SPDR Bloomberg US Treasury Bond UCITS ETF (SYBT.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 | SYBT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.05 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 0.34 | +0.09 |
| Martin ratioReturn relative to average drawdown | 1.04 | 0.88 | +0.17 |
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 | SYBT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 0.25 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.05 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.35 | -0.10 |
Drawdowns
MDBA.DE vs. SYBT.DE - Drawdown Comparison
The maximum MDBA.DE drawdown since its inception was -12.17%, smaller than the maximum SYBT.DE drawdown of -17.66%. Use the drawdown chart below to compare losses from any high point for MDBA.DE and SYBT.DE.
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Drawdown Indicators
| MDBA.DE | SYBT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.17% | -17.66% | +5.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -4.22% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -10.11% | -11.03% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -13.06% | +1.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.66% | — |
Current DrawdownCurrent decline from peak | -6.13% | -13.25% | +7.12% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -8.61% | +3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.62% | -0.07% |
Volatility
MDBA.DE vs. SYBT.DE - Volatility Comparison
The current volatility for UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc (MDBA.DE) is 0.85%, while SPDR Bloomberg US Treasury Bond UCITS ETF (SYBT.DE) has a volatility of 1.34%. This indicates that MDBA.DE experiences smaller price fluctuations and is considered to be less risky than SYBT.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 | SYBT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 1.34% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 4.16% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.31% | 5.77% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.26% | 8.18% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.03% | 7.74% | -0.71% |
MDBA.DE vs. SYBT.DE - Expense Ratio Comparison
Both MDBA.DE and SYBT.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
MDBA.DE vs. SYBT.DE - Dividend Comparison
MDBA.DE has not paid dividends to shareholders, while SYBT.DE's dividend yield for the trailing twelve months is around 3.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SYBT.DE SPDR Bloomberg US Treasury Bond UCITS ETF | 3.62% | 3.70% | 2.94% | 2.22% | 1.31% | 0.92% | 1.98% | 3.24% | 1.58% | 1.66% | 1.29% | 1.25% |
Frequently Asked Questions
MDBA.DE and SYBT.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MDBA.DE and SYBT.DE have the same expense ratio: 0.15% per year.
MDBA.DE tracks Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped, while SYBT.DE tracks Bloomberg US Treasury. They also come from different issuers: UBS and State Street.
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