SPP3.DE vs. MDBA.DE
SPP3.DE (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) and MDBA.DE (UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc) are both Government Bonds funds - SPP3.DE tracks the Bloomberg US 3-7 Year Treasury Bond while MDBA.DE tracks the Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped. Both are passively managed. Over the past 5 years, SPP3.DE returned 1.43%/yr vs 1.90%/yr for MDBA.DE. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
SPP3.DE vs. MDBA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPP3.DE achieves a 0.86% return, which is significantly lower than MDBA.DE's 1.20% return.
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%
MDBA.DE
- 1D
- 0.00%
- 1M
- 0.73%
- YTD
- 1.20%
- 6M
- 0.67%
- 1Y
- 1.63%
- 3Y*
- 1.12%
- 5Y*
- 1.90%
- 10Y*
- —
SPP3.DE vs. MDBA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between SPP3.DE and MDBA.DE is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2018 | 0.93 |
The correlation between SPP3.DE and MDBA.DE has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
SPP3.DE vs. MDBA.DE — Risk / Return Rank
SPP3.DE
MDBA.DE
SPP3.DE vs. MDBA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) and UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc (MDBA.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.
| SPP3.DE | MDBA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.05 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 0.43 | -0.08 |
| Martin ratioReturn relative to average drawdown | 0.87 | 1.04 | -0.18 |
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
| SPP3.DE | MDBA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.31 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.26 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.24 | -0.12 |
Drawdowns
SPP3.DE vs. MDBA.DE - Drawdown Comparison
The maximum SPP3.DE drawdown since its inception was -16.82%, which is greater than MDBA.DE's maximum drawdown of -12.17%. Use the drawdown chart below to compare losses from any high point for SPP3.DE and MDBA.DE.
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Drawdown Indicators
| SPP3.DE | MDBA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.82% | -12.17% | -4.65% |
Max Drawdown (1Y)Largest decline over 1 year | -4.06% | -3.81% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -9.95% | -10.11% | +0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -11.51% | -12.02% | +0.51% |
Max Drawdown (10Y)Largest decline over 10 years | -16.82% | — | — |
Current DrawdownCurrent decline from peak | -6.25% | -6.13% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -5.56% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.55% | +0.06% |
Volatility
SPP3.DE vs. MDBA.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) is 0.76%, while UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc (MDBA.DE) has a volatility of 0.85%. This indicates that SPP3.DE experiences smaller price fluctuations and is considered to be less risky than MDBA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPP3.DE | MDBA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.85% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 3.65% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.29% | 5.31% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.72% | 7.26% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.35% | 7.03% | +0.32% |
SPP3.DE vs. MDBA.DE - Expense Ratio Comparison
Both SPP3.DE and MDBA.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SPP3.DE vs. MDBA.DE - Dividend Comparison
SPP3.DE's dividend yield for the trailing twelve months is around 3.91%, while MDBA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 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 0.97, SPP3.DE and MDBA.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.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPP3.DE and MDBA.DE have the same expense ratio: 0.15% per year.
SPP3.DE tracks Bloomberg US 3-7 Year Treasury Bond, while MDBA.DE tracks Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped. They also come from different issuers: State Street and UBS.
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