MDBA.DE vs. VGTY.DE
MDBA.DE (UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc) and VGTY.DE (Vanguard USD Treasury Bond UCITS ETF Distributing) are both Government Bonds funds - MDBA.DE tracks the Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped while VGTY.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 5 years, MDBA.DE returned 1.90%/yr vs 0.20%/yr for VGTY.DE. Their correlation of 0.88 suggests significant overlap in exposure. MDBA.DE charges 0.15%/yr vs 0.05%/yr for VGTY.DE.
Performance
MDBA.DE vs. VGTY.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 higher than VGTY.DE's 0.80% 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*
- —
VGTY.DE
- 1D
- 0.08%
- 1M
- 0.76%
- YTD
- 0.80%
- 6M
- 0.01%
- 1Y
- 1.03%
- 3Y*
- -0.33%
- 5Y*
- 0.20%
- 10Y*
- —
MDBA.DE vs. VGTY.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 | 1.20% | -5.19% | 8.65% | 0.89% | -1.84% | 6.67% | -4.47% | 7.64% | 0.37% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 0.80% | -5.99% | 6.16% | 0.04% | -6.98% | 5.64% | -2.09% | 9.36% | 1.15% |
Correlation
The correlation between MDBA.DE and VGTY.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2018 | 0.88 |
The correlation between MDBA.DE and VGTY.DE has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.
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Return for Risk
MDBA.DE vs. VGTY.DE — Risk / Return Rank
MDBA.DE
VGTY.DE
MDBA.DE vs. VGTY.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 Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.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 | VGTY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.04 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 0.25 | +0.17 |
| Martin ratioReturn relative to average drawdown | 1.04 | 0.62 | +0.43 |
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 | VGTY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 0.19 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.02 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.13 | +0.11 |
Drawdowns
MDBA.DE vs. VGTY.DE - Drawdown Comparison
The maximum MDBA.DE drawdown since its inception was -12.17%, smaller than the maximum VGTY.DE drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for MDBA.DE and VGTY.DE.
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Drawdown Indicators
| MDBA.DE | VGTY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.17% | -17.97% | +5.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -4.08% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -10.11% | -11.23% | +1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -13.16% | +1.14% |
Current DrawdownCurrent decline from peak | -6.13% | -14.45% | +8.32% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -9.48% | +3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.67% | -0.12% |
Volatility
MDBA.DE vs. VGTY.DE - Volatility Comparison
UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc (MDBA.DE) and Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) have volatilities of 0.85% and 0.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDBA.DE | VGTY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 0.85% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 3.73% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.31% | 5.44% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.26% | 7.99% | -0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.03% | 7.63% | -0.60% |
MDBA.DE vs. VGTY.DE - Expense Ratio Comparison
MDBA.DE has a 0.15% expense ratio, which is higher than VGTY.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. VGTY.DE - Dividend Comparison
MDBA.DE has not paid dividends to shareholders, while VGTY.DE's dividend yield for the trailing twelve months is around 3.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 3.65% | 3.99% | 3.65% | 3.21% | 2.05% | 0.99% | 1.48% | 2.10% | 1.94% | 0.26% |
Frequently Asked Questions
With a correlation of 0.94, MDBA.DE and VGTY.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, VGTY.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGTY.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 VGTY.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: UBS and Vanguard. Their fees differ too: 0.15% for MDBA.DE and 0.05% for VGTY.DE.
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