MDBU.DE vs. AW10.DE
MDBU.DE (UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis) and AW10.DE (UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc) are both exchange-traded funds - MDBU.DE is a Government Bonds fund tracking the Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped Index, while AW10.DE is a Global Equities fund tracking the MSCI World Climate Paris Aligned. Both are passively managed. Over the past 5 years, MDBU.DE returned 1.69%/yr vs 12.14%/yr for AW10.DE. At a correlation of -0.04, they often move in opposite directions. MDBU.DE charges 0.18%/yr vs 0.15%/yr for AW10.DE.
Performance
MDBU.DE vs. AW10.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MDBU.DE achieves a 1.02% return, which is significantly lower than AW10.DE's 7.93% return.
MDBU.DE
- 1D
- 0.09%
- 1M
- 0.78%
- YTD
- 1.02%
- 6M
- 0.39%
- 1Y
- 1.13%
- 3Y*
- 0.83%
- 5Y*
- 1.69%
- 10Y*
- —
AW10.DE
- 1D
- 0.29%
- 1M
- 3.41%
- YTD
- 7.93%
- 6M
- 9.80%
- 1Y
- 16.96%
- 3Y*
- 16.77%
- 5Y*
- 12.14%
- 10Y*
- —
MDBU.DE vs. AW10.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MDBU.DE UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis | 1.02% | -5.52% | 8.42% | 0.69% | -1.90% | 3.19% |
AW10.DE UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc | 7.93% | 9.11% | 25.31% | 21.54% | -17.22% | 22.34% |
Correlation
The correlation between MDBU.DE and AW10.DE is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | -0.04 |
The correlation between MDBU.DE and AW10.DE shifts across timeframes, from -0.12 (1 year) to 0.03 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MDBU.DE vs. AW10.DE — Risk / Return Rank
MDBU.DE
AW10.DE
MDBU.DE vs. AW10.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) A-dis (MDBU.DE) and UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc (AW10.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.
| MDBU.DE | AW10.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.24 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 1.02 | -0.72 |
| Martin ratioReturn relative to average drawdown | 0.72 | 1.98 | -1.26 |
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
| MDBU.DE | AW10.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.21 | 0.69 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.70 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.71 | -0.49 |
Drawdowns
MDBU.DE vs. AW10.DE - Drawdown Comparison
The maximum MDBU.DE drawdown since its inception was -12.38%, smaller than the maximum AW10.DE drawdown of -19.92%. Use the drawdown chart below to compare losses from any high point for MDBU.DE and AW10.DE.
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Drawdown Indicators
| MDBU.DE | AW10.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.38% | -19.92% | +7.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -16.56% | +12.75% |
Max Drawdown (3Y)Largest decline over 3 years | -10.06% | -17.58% | +7.52% |
Max Drawdown (5Y)Largest decline over 5 years | -12.09% | -19.92% | +7.83% |
Current DrawdownCurrent decline from peak | -6.60% | -5.44% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -5.91% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 8.55% | -6.98% |
Volatility
MDBU.DE vs. AW10.DE - Volatility Comparison
The current volatility for UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis (MDBU.DE) is 0.90%, while UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc (AW10.DE) has a volatility of 3.47%. This indicates that MDBU.DE experiences smaller price fluctuations and is considered to be less risky than AW10.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDBU.DE | AW10.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 3.47% | -2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 10.93% | -7.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.40% | 24.57% | -19.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.21% | 17.11% | -9.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.88% | 16.95% | -10.07% |
MDBU.DE vs. AW10.DE - Expense Ratio Comparison
MDBU.DE has a 0.18% expense ratio, which is higher than AW10.DE's 0.15% 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
MDBU.DE vs. AW10.DE - Dividend Comparison
MDBU.DE's dividend yield for the trailing twelve months is around 2.66%, while AW10.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AW10.DE UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MDBU.DE UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis | 2.66% | 3.79% | 1.92% | 1.75% | 0.75% | 0.59% | 1.58% | 1.40% |
Frequently Asked Questions
MDBU.DE and AW10.DE have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AW10.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW10.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for MDBU.DE.
MDBU.DE is categorized as Government Bonds, while AW10.DE is Global Equities. MDBU.DE tracks Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped Index, while AW10.DE tracks MSCI World Climate Paris Aligned. Their fees differ too: 0.18% for MDBU.DE and 0.15% for AW10.DE.
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