MDBA.DE vs. SYBW.DE
MDBA.DE (UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc) and SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) are both Government Bonds funds - MDBA.DE tracks the Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped while SYBW.DE tracks the Bloomberg U.S. 1-3 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, MDBA.DE returned 1.71%/yr vs 2.56%/yr for SYBW.DE. Their correlation of 0.93 suggests significant overlap in exposure. MDBA.DE charges 0.15%/yr vs 0.05%/yr for SYBW.DE.
Performance
MDBA.DE vs. SYBW.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 SYBW.DE's 3.59% 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*
- —
SYBW.DE
- 1D
- 0.05%
- 1M
- 1.76%
- 6M
- 3.44%
- YTD
- 3.59%
- 1Y
- 6.16%
- 3Y*
- 2.70%
- 5Y*
- 2.56%
- 10Y*
- 1.33%
MDBA.DE vs. SYBW.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% |
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) | 3.59% | -6.50% | 9.98% | 0.49% | 2.02% | 7.59% | -6.16% | 5.97% | 1.19% |
Correlation
The correlation between MDBA.DE and SYBW.DE is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2018 | 0.93 |
The correlation between MDBA.DE and SYBW.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
MDBA.DE vs. SYBW.DE — Risk / Return Rank
MDBA.DE
SYBW.DE
MDBA.DE vs. SYBW.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 State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.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 | SYBW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.75 | -0.17 |
| Martin ratioReturn relative to average drawdown | 4.03 | 4.36 | -0.33 |
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Drawdowns
MDBA.DE vs. SYBW.DE - Drawdown Comparison
The maximum MDBA.DE drawdown since its inception was -12.89%, smaller than the maximum SYBW.DE drawdown of -28.24%. Use the drawdown chart below to compare losses from any high point for MDBA.DE and SYBW.DE.
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Drawdown Indicators
| MDBA.DE | SYBW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.89% | -28.24% | +15.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -3.52% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -10.05% | -10.87% | +0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -12.61% | +0.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.37% | — |
Current DrawdownCurrent decline from peak | -4.46% | -5.29% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -6.50% | -9.75% | +3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 1.41% | +0.08% |
Volatility
MDBA.DE vs. SYBW.DE - Volatility Comparison
The current volatility for UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc (MDBA.DE) is 1.43%, while State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.DE) has a volatility of 1.52%. This indicates that MDBA.DE experiences smaller price fluctuations and is considered to be less risky than SYBW.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 | SYBW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.52% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.77% | 3.95% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.32% | 5.54% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.27% | 7.16% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.67% | 10.47% | +0.20% |
MDBA.DE vs. SYBW.DE - Expense Ratio Comparison
MDBA.DE has a 0.15% expense ratio, which is higher than SYBW.DE's 0.05% 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. SYBW.DE - Dividend Comparison
MDBA.DE has not paid dividends to shareholders, while SYBW.DE's dividend yield for the trailing twelve months is around 3.83%.
| 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% |
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) | 3.83% | 4.34% | 3.98% | 3.01% | 0.64% | 0.54% | 1.91% | 2.03% | 1.33% | 1.05% | 0.68% | 0.53% |
Frequently Asked Questions
With a correlation of 0.95, MDBA.DE and SYBW.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SYBW.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBW.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for MDBA.DE.
MDBA.DE tracks Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped, while SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index. They also come from different issuers: UBS and State Street. Their fees differ too: 0.15% for MDBA.DE and 0.05% for SYBW.DE.
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