MDBU.DE vs. BBLL.DE
MDBU.DE (UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis) and BBLL.DE (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) are both Government Bonds funds - MDBU.DE tracks the Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped Index while BBLL.DE tracks the ICE US Treasury 0-1 Year Index. Both are passively managed. Over the past 5 years, MDBU.DE returned 1.69%/yr vs 4.31%/yr for BBLL.DE. Their correlation of 0.90 suggests significant overlap in exposure. MDBU.DE charges 0.18%/yr vs 0.07%/yr for BBLL.DE.
Performance
MDBU.DE vs. BBLL.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 BBLL.DE's 2.66% 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*
- —
BBLL.DE
- 1D
- -0.11%
- 1M
- 1.01%
- YTD
- 2.66%
- 6M
- 2.06%
- 1Y
- 2.10%
- 3Y*
- 1.85%
- 5Y*
- 4.31%
- 10Y*
- —
MDBU.DE vs. BBLL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MDBU.DE UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis | 1.02% | -5.52% | 8.42% | 0.69% | -1.90% | 6.58% | -4.66% | 1.52% |
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 2.66% | -7.37% | 11.29% | 1.32% | 7.29% | 8.35% | -8.23% | 1.14% |
Correlation
The correlation between MDBU.DE and BBLL.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.90 |
The correlation between MDBU.DE and BBLL.DE has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
MDBU.DE vs. BBLL.DE — Risk / Return Rank
MDBU.DE
BBLL.DE
MDBU.DE vs. BBLL.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 JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.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 | BBLL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.06 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 0.62 | -0.32 |
| Martin ratioReturn relative to average drawdown | 0.72 | 1.30 | -0.58 |
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 | BBLL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.21 | 0.34 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.57 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.29 | -0.08 |
Drawdowns
MDBU.DE vs. BBLL.DE - Drawdown Comparison
The maximum MDBU.DE drawdown since its inception was -12.38%, roughly equal to the maximum BBLL.DE drawdown of -13.03%. Use the drawdown chart below to compare losses from any high point for MDBU.DE and BBLL.DE.
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Drawdown Indicators
| MDBU.DE | BBLL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.38% | -13.03% | +0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -3.38% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -10.06% | -11.65% | +1.59% |
Max Drawdown (5Y)Largest decline over 5 years | -12.09% | -11.65% | -0.44% |
Current DrawdownCurrent decline from peak | -6.60% | -7.22% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -6.14% | +0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 1.61% | -0.04% |
Volatility
MDBU.DE vs. BBLL.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 JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) has a volatility of 1.28%. This indicates that MDBU.DE experiences smaller price fluctuations and is considered to be less risky than BBLL.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 | BBLL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 1.28% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 4.12% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.40% | 6.07% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.21% | 7.46% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.88% | 7.22% | -0.34% |
MDBU.DE vs. BBLL.DE - Expense Ratio Comparison
MDBU.DE has a 0.18% expense ratio, which is higher than BBLL.DE's 0.07% 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. BBLL.DE - Dividend Comparison
MDBU.DE's dividend yield for the trailing twelve months is around 2.66%, while BBLL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr 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
With a correlation of 0.92, MDBU.DE and BBLL.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, BBLL.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBLL.DE is cheaper with a 0.07% expense ratio, compared with 0.18% for MDBU.DE.
MDBU.DE tracks Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped Index, while BBLL.DE tracks ICE US Treasury 0-1 Year Index. They also come from different issuers: UBS and JPMorgan. Their fees differ too: 0.18% for MDBU.DE and 0.07% for BBLL.DE.
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