MDBA.DE vs. TRDS.DE

Last updated Apr 2, 2026

Compare and contrast key facts about UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc (MDBA.DE) and Invesco US Treasury Bond UCITS ETF Dist (TRDS.DE).

MDBA.DE and TRDS.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MDBA.DE is a passively managed fund by UBS that tracks the performance of the Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped. It was launched on Nov 8, 2018. TRDS.DE is a passively managed fund by Invesco that tracks the performance of the Bloomberg US Treasury. It was launched on Jan 11, 2019. Both MDBA.DE and TRDS.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

MDBA.DE vs. TRDS.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 UCITS ETF Dist (TRDS.DE). The values are adjusted to include any dividend payments, if applicable.

MDBA.DE vs. TRDS.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	1.36%	-5.19%	8.65%	0.89%	-1.84%	6.67%	-4.47%	4.34%
TRDS.DE Invesco US Treasury Bond UCITS ETF Dist	1.14%	-5.91%	6.16%	0.07%	-6.97%	5.67%	-2.04%	6.04%

Returns By Period

In the year-to-date period, MDBA.DE achieves a 1.36% return, which is significantly higher than TRDS.DE's 1.14% return.

MDBA.DE

• 1D: -0.71%
• 1M: -0.13%
• YTD: 1.36%
• 6M: 2.21%
• 1Y: -3.20%
• 3Y*: 1.54%
• 5Y*: 1.36%
• 10Y*: —

TRDS.DE

• 1D: -0.66%
• 1M: -0.76%
• YTD: 1.14%
• 6M: 1.54%
• 1Y: -4.73%
• 3Y*: 0.05%
• 5Y*: -0.21%
• 10Y*: —

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

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

MDBA.DE has a 0.15% expense ratio, which is higher than TRDS.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%.

MDBA.DE

UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc

TRDS.DE

Invesco US Treasury Bond UCITS ETF Dist

Return for Risk

MDBA.DE vs. TRDS.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: 5
MDBA.DE Sharpe Ratio Rank: 5
MDBA.DE Sortino Ratio Rank: 4
MDBA.DE Omega Ratio Rank: 4
MDBA.DE Calmar Ratio Rank: 6
MDBA.DE Martin Ratio Rank: 7

TRDS.DE

TRDS.DE Risk / Return Rank: 3
TRDS.DE Sharpe Ratio Rank: 3
TRDS.DE Sortino Ratio Rank: 3
TRDS.DE Omega Ratio Rank: 3
TRDS.DE Calmar Ratio Rank: 4
TRDS.DE Martin Ratio Rank: 5

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. TRDS.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 UCITS ETF Dist (TRDS.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	TRDS.DE	Difference
Sharpe ratio Return per unit of total volatility	-0.47	-0.63	+0.16
Sortino ratio Return per unit of downside risk	-0.59	-0.78	+0.19
Omega ratio Gain probability vs. loss probability	0.93	0.90	+0.03
Calmar ratio Return relative to maximum drawdown	-0.39	-0.52	+0.13
Martin ratio Return relative to average drawdown	-0.65	-0.78	+0.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current MDBA.DE Sharpe Ratio is -0.47, which is comparable to the TRDS.DE Sharpe Ratio of -0.63. The chart below compares the historical Sharpe Ratios of MDBA.DE and TRDS.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MDBA.DE	TRDS.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.47	-0.63	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	-0.03	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.06	+0.19

Correlation

The correlation between MDBA.DE and TRDS.DE is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MDBA.DE vs. TRDS.DE - Dividend Comparison

MDBA.DE has not paid dividends to shareholders, while TRDS.DE's dividend yield for the trailing twelve months is around 3.64%.

	TTM	2025	2024	2023	2022	2021	2020	2019
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%
TRDS.DE Invesco US Treasury Bond UCITS ETF Dist	3.64%	3.76%	3.83%	3.58%	1.90%	0.94%	1.47%	1.48%

Drawdowns

MDBA.DE vs. TRDS.DE - Drawdown Comparison

The maximum MDBA.DE drawdown since its inception was -12.17%, smaller than the maximum TRDS.DE drawdown of -17.77%. Use the drawdown chart below to compare losses from any high point for MDBA.DE and TRDS.DE.

Drawdown Indicators

	MDBA.DE	TRDS.DE	Difference
Max Drawdown Largest peak-to-trough decline	-12.17%	-17.77%	+5.60%
Max Drawdown (1Y) Largest decline over 1 year	-6.91%	-8.00%	+1.09%
Max Drawdown (5Y) Largest decline over 5 years	-12.02%	-13.10%	+1.08%
Current Drawdown Current decline from peak	-5.99%	-13.91%	+7.92%
Average Drawdown Average peak-to-trough decline	-5.54%	-10.36%	+4.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	5.31%	-1.24%

Volatility

MDBA.DE vs. TRDS.DE - Volatility Comparison

The current volatility for UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc (MDBA.DE) is 1.84%, while Invesco US Treasury Bond UCITS ETF Dist (TRDS.DE) has a volatility of 1.99%. This indicates that MDBA.DE experiences smaller price fluctuations and is considered to be less risky than TRDS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDBA.DE	TRDS.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.84%	1.99%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	3.80%	4.04%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	6.76%	7.50%	-0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.29%	8.07%	-0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.09%	7.87%	-0.78%