MDBA.DE vs. UETW.DE
MDBA.DE (UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both exchange-traded funds - MDBA.DE is a Government Bonds fund tracking the Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped, while UETW.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, MDBA.DE returned 1.90%/yr vs 12.87%/yr for UETW.DE. At a 0.03 correlation, their price movements are largely independent. MDBA.DE charges 0.15%/yr vs 0.10%/yr for UETW.DE.
Performance
MDBA.DE vs. UETW.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 lower than UETW.DE's 10.95% 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*
- —
UETW.DE
- 1D
- -0.01%
- 1M
- 4.88%
- YTD
- 10.95%
- 6M
- 11.42%
- 1Y
- 23.88%
- 3Y*
- 17.68%
- 5Y*
- 12.87%
- 10Y*
- —
MDBA.DE vs. UETW.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 | 1.20% | -5.19% | 8.65% | 0.89% | -1.84% | 6.67% | -4.47% | 2.90% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 10.95% | 8.06% | 26.50% | 19.68% | -13.72% | 32.17% | 5.50% | 12.54% |
Correlation
The correlation between MDBA.DE and UETW.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2019 | 0.03 |
The correlation between MDBA.DE and UETW.DE shifts across timeframes, from 0.01 (5 years) to 0.14 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MDBA.DE vs. UETW.DE — Risk / Return Rank
MDBA.DE
UETW.DE
MDBA.DE vs. UETW.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 UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.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 | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.40 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 3.67 | -3.25 |
| Martin ratioReturn relative to average drawdown | 1.04 | 14.61 | -13.56 |
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 | UETW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 2.17 | -1.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.91 | -0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.85 | -0.60 |
Drawdowns
MDBA.DE vs. UETW.DE - Drawdown Comparison
The maximum MDBA.DE drawdown since its inception was -12.17%, smaller than the maximum UETW.DE drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for MDBA.DE and UETW.DE.
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Drawdown Indicators
| MDBA.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.17% | -33.72% | +21.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -6.47% | +2.66% |
Max Drawdown (3Y)Largest decline over 3 years | -10.11% | -21.30% | +11.19% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -21.30% | +9.28% |
Current DrawdownCurrent decline from peak | -6.13% | -0.30% | -5.83% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -4.63% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.63% | -0.08% |
Volatility
MDBA.DE vs. UETW.DE - Volatility Comparison
The current volatility for UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc (MDBA.DE) is 0.85%, while UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) has a volatility of 2.60%. This indicates that MDBA.DE experiences smaller price fluctuations and is considered to be less risky than UETW.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 | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 2.60% | -1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 7.63% | -3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.31% | 10.97% | -5.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.26% | 14.03% | -6.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.03% | 16.11% | -9.08% |
MDBA.DE vs. UETW.DE - Expense Ratio Comparison
MDBA.DE has a 0.15% expense ratio, which is higher than UETW.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. UETW.DE - Dividend Comparison
Neither MDBA.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
MDBA.DE and UETW.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UETW.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for MDBA.DE.
MDBA.DE is categorized as Government Bonds, while UETW.DE is Global Equities. MDBA.DE tracks Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped, while UETW.DE tracks MSCI World. Their fees differ too: 0.15% for MDBA.DE and 0.10% for UETW.DE.
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