MDBU.DE vs. SPP3.DE
MDBU.DE (UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis) and SPP3.DE (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) are both Government Bonds funds - MDBU.DE tracks the Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped Index while SPP3.DE tracks the Bloomberg US 3-7 Year Treasury Bond. Both are passively managed. Over the past 5 years, MDBU.DE returned 1.69%/yr vs 1.43%/yr for SPP3.DE. Their correlation of 0.93 suggests significant overlap in exposure. MDBU.DE charges 0.18%/yr vs 0.15%/yr for SPP3.DE.
Performance
MDBU.DE vs. SPP3.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MDBU.DE achieves a 1.02% return, which is significantly higher than SPP3.DE's 0.86% 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*
- —
SPP3.DE
- 1D
- 0.03%
- 1M
- 0.59%
- YTD
- 0.86%
- 6M
- 0.21%
- 1Y
- 1.40%
- 3Y*
- 0.87%
- 5Y*
- 1.43%
- 10Y*
- 1.16%
MDBU.DE vs. SPP3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 7.40% | 0.42% |
SPP3.DE SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 0.86% | -4.58% | 7.72% | 1.58% | -3.86% | 5.71% | -2.64% | 7.91% | 0.55% |
Correlation
The correlation between MDBU.DE and SPP3.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2018 | 0.93 |
The correlation between MDBU.DE and SPP3.DE has been stable across timeframes, ranging from 0.93 to 0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MDBU.DE vs. SPP3.DE — Risk / Return Rank
MDBU.DE
SPP3.DE
MDBU.DE vs. SPP3.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 SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.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 | SPP3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.05 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 0.34 | -0.05 |
| Martin ratioReturn relative to average drawdown | 0.72 | 0.87 | -0.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MDBU.DE | SPP3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.21 | 0.26 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.18 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.12 | +0.09 |
Drawdowns
MDBU.DE vs. SPP3.DE - Drawdown Comparison
The maximum MDBU.DE drawdown since its inception was -12.38%, smaller than the maximum SPP3.DE drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for MDBU.DE and SPP3.DE.
Loading charts...
Drawdown Indicators
| MDBU.DE | SPP3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.38% | -16.82% | +4.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -4.06% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -10.06% | -9.95% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -12.09% | -11.51% | -0.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.82% | — |
Current DrawdownCurrent decline from peak | -6.60% | -6.25% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -6.75% | +1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 1.61% | -0.04% |
Volatility
MDBU.DE vs. SPP3.DE - Volatility Comparison
UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis (MDBU.DE) has a higher volatility of 0.90% compared to SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) at 0.76%. This indicates that MDBU.DE's price experiences larger fluctuations and is considered to be riskier than SPP3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MDBU.DE | SPP3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 0.76% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 3.64% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.40% | 5.29% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.21% | 7.72% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.88% | 7.35% | -0.47% |
MDBU.DE vs. SPP3.DE - Expense Ratio Comparison
MDBU.DE has a 0.18% expense ratio, which is higher than SPP3.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. SPP3.DE - Dividend Comparison
MDBU.DE's dividend yield for the trailing twelve months is around 2.66%, less than SPP3.DE's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
SPP3.DE SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 3.91% | 3.96% | 3.14% | 2.90% | 1.13% | 0.93% | 1.80% | 2.12% | 1.59% | 1.48% | 0.44% |
Frequently Asked Questions
With a correlation of 0.98, MDBU.DE and SPP3.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, SPP3.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPP3.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for MDBU.DE.
MDBU.DE tracks Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped Index, while SPP3.DE tracks Bloomberg US 3-7 Year Treasury Bond. They also come from different issuers: UBS and State Street. Their fees differ too: 0.18% for MDBU.DE and 0.15% for SPP3.DE.
Find the right allocation for MDBU.DE and SPP3.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer