MDBA.DE vs. T1EU.DE

Last updated Jul 4, 2026

MDBA.DE (UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc) and T1EU.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc) are both Government Bonds funds - MDBA.DE tracks the Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped while T1EU.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, MDBA.DE returned 1.71%/yr vs 1.40%/yr for T1EU.DE. At a 0.00 correlation, their price movements are largely independent. MDBA.DE charges 0.15%/yr vs 0.10%/yr for T1EU.DE.

Performance

MDBA.DE vs. T1EU.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc (MDBA.DE) and Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDBA.DE achieves a 3.02% return, which is significantly higher than T1EU.DE's 0.83% 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*: —

T1EU.DE

• 1D: 0.02%
• 1M: 0.18%
• 6M: 0.74%
• YTD: 0.83%
• 1Y: 1.84%
• 3Y*: 2.74%
• 5Y*: 1.40%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MDBA.DE vs. T1EU.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
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%	-8.88%
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc	0.83%	2.00%	3.48%	2.83%	-1.53%	-0.93%	-0.47%

Correlation

The correlation between MDBA.DE and T1EU.DE is -0.03, 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	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (5Y) Calculated over the trailing 5-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Mar 30, 2020	0.00

Return for Risk

MDBA.DE vs. T1EU.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MDBA.DE

MDBA.DE Risk / Return Rank: 35
MDBA.DE Sharpe Ratio Rank: 36
MDBA.DE Sortino Ratio Rank: 37
MDBA.DE Omega Ratio Rank: 33
MDBA.DE Calmar Ratio Rank: 36
MDBA.DE Martin Ratio Rank: 32

T1EU.DE

T1EU.DE Risk / Return Rank: 66
T1EU.DE Sharpe Ratio Rank: 42
T1EU.DE Sortino Ratio Rank: 43
T1EU.DE Omega Ratio Rank: 72
T1EU.DE Calmar Ratio Rank: 83
T1EU.DE Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MDBA.DE vs. T1EU.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 Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.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	T1EU.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.27	-0.14
Sortino ratio: Return per unit of downside risk	1.69	1.88	-0.19
Omega ratio: Gain probability vs. loss probability	1.20	1.35	-0.15
Calmar ratio: Return relative to maximum drawdown	1.58	3.62	-2.04
Martin ratio: Return relative to average drawdown	4.03	17.64	-13.61

MDBA.DE vs. T1EU.DE - Sharpe Ratio Comparison

The current MDBA.DE Sharpe Ratio is 1.13, which is comparable to the T1EU.DE Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of MDBA.DE and T1EU.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MDBA.DE vs. T1EU.DE - Drawdown Comparison

The maximum MDBA.DE drawdown since its inception was -12.89%, which is greater than T1EU.DE's maximum drawdown of -3.20%. Use the drawdown chart below to compare losses from any high point for MDBA.DE and T1EU.DE.

Drawdown Indicators

	MDBA.DE	T1EU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-12.89%	-3.20%	-9.69%
Max Drawdown (1Y) Largest decline over 1 year	-3.79%	-0.51%	-3.28%
Max Drawdown (3Y) Largest decline over 3 years	-10.05%	-0.51%	-9.54%
Max Drawdown (5Y) Largest decline over 5 years	-12.02%	-2.36%	-9.66%
Current Drawdown Current decline from peak	-4.46%	0.00%	-4.46%
Average Drawdown Average peak-to-trough decline	-6.50%	-0.86%	-5.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	0.10%	+1.39%

Volatility

MDBA.DE vs. T1EU.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 Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.DE) at 0.10%. This indicates that MDBA.DE's price experiences larger fluctuations and is considered to be riskier than T1EU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDBA.DE	T1EU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.43%	0.10%	+1.33%
Volatility (6M) Calculated over the trailing 6-month period	3.77%	1.12%	+2.65%
Volatility (1Y) Calculated over the trailing 1-year period	5.32%	1.45%	+3.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.27%	0.80%	+6.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.67%	0.73%	+9.94%

MDBA.DE vs. T1EU.DE - Expense Ratio Comparison

MDBA.DE has a 0.15% expense ratio, which is higher than T1EU.DE's 0.10% 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. T1EU.DE - Dividend Comparison

Neither MDBA.DE nor T1EU.DE has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
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%
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.13%

Frequently Asked Questions

Can I hold both MDBA.DE and T1EU.DE in my portfolio?

MDBA.DE and T1EU.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MDBA.DE or T1EU.DE?

On fees, T1EU.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MDBA.DE or T1EU.DE?

T1EU.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for MDBA.DE.

What is the main difference between MDBA.DE and T1EU.DE?

MDBA.DE tracks Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped, while T1EU.DE tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: UBS and Invesco. Their fees differ too: 0.15% for MDBA.DE and 0.10% for T1EU.DE.