MDBA.DE vs. TRD1.DE
MDBA.DE (UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc) and TRD1.DE (Invesco US Treasury Bond 0-1 Year 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 TRD1.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, MDBA.DE returned 1.71%/yr vs 4.03%/yr for TRD1.DE. Their correlation of 0.81 suggests significant overlap in exposure. MDBA.DE charges 0.15%/yr vs 0.06%/yr for TRD1.DE.
Performance
MDBA.DE vs. TRD1.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 TRD1.DE's 4.56% 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*
- —
TRD1.DE
- 1D
- 0.20%
- 1M
- 2.07%
- 6M
- 4.34%
- YTD
- 4.56%
- 1Y
- 6.79%
- 3Y*
- 2.97%
- 5Y*
- 4.03%
- 10Y*
- —
MDBA.DE vs. TRD1.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% | -5.61% |
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 4.56% | -7.35% | 11.23% | 1.38% | 6.73% | 8.36% | -17.72% |
Correlation
The correlation between MDBA.DE and TRD1.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.81 |
The correlation between MDBA.DE and TRD1.DE has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
MDBA.DE vs. TRD1.DE — Risk / Return Rank
MDBA.DE
TRD1.DE
MDBA.DE vs. TRD1.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 USD Dist (TRD1.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 | TRD1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.83 | -0.25 |
| Martin ratioReturn relative to average drawdown | 4.03 | 4.77 | -0.74 |
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Drawdowns
MDBA.DE vs. TRD1.DE - Drawdown Comparison
The maximum MDBA.DE drawdown since its inception was -12.89%, smaller than the maximum TRD1.DE drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for MDBA.DE and TRD1.DE.
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Drawdown Indicators
| MDBA.DE | TRD1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.89% | -17.81% | +4.92% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -3.70% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -10.05% | -11.60% | +1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -11.70% | -0.32% |
Current DrawdownCurrent decline from peak | -4.46% | -5.44% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -6.50% | -8.30% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 1.42% | +0.07% |
Volatility
MDBA.DE vs. TRD1.DE - Volatility Comparison
The current volatility for UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc (MDBA.DE) is 1.43%, while Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) has a volatility of 1.79%. This indicates that MDBA.DE experiences smaller price fluctuations and is considered to be less risky than TRD1.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 | TRD1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.79% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 3.77% | 4.67% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.32% | 6.32% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.27% | 7.48% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.67% | 8.11% | +2.56% |
MDBA.DE vs. TRD1.DE - Expense Ratio Comparison
MDBA.DE has a 0.15% expense ratio, which is higher than TRD1.DE's 0.06% 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. TRD1.DE - Dividend Comparison
MDBA.DE has not paid dividends to shareholders, while TRD1.DE's dividend yield for the trailing twelve months is around 3.86%.
| 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% |
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 3.86% | 4.35% | 4.82% | 4.70% | 1.55% | 0.10% | 0.74% |
Frequently Asked Questions
MDBA.DE and TRD1.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRD1.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRD1.DE is cheaper with a 0.06% expense ratio, compared with 0.15% for MDBA.DE.
MDBA.DE tracks Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped, while TRD1.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 0.06% for TRD1.DE.
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