UB01.L vs. MDBU.L
UB01.L (UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis) and MDBU.L (UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis) are both exchange-traded funds - UB01.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while MDBU.L is a Government Bonds fund tracking the Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped Index. Both are passively managed. Over the past 5 years, UB01.L returned 11.63%/yr vs 2.03%/yr for MDBU.L. At a correlation of -0.11, they often move in opposite directions. UB01.L charges 0.15%/yr vs 0.18%/yr for MDBU.L.
Performance
UB01.L vs. MDBU.L - Performance Comparison
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Returns By Period
In the year-to-date period, UB01.L achieves a 6.40% return, which is significantly higher than MDBU.L's 0.13% return.
UB01.L
- 1D
- 0.60%
- 1M
- 4.75%
- YTD
- 6.40%
- 6M
- 7.48%
- 1Y
- 18.69%
- 3Y*
- 16.47%
- 5Y*
- 11.63%
- 10Y*
- 11.99%
MDBU.L
- 1D
- 0.17%
- 1M
- 0.98%
- YTD
- 0.13%
- 6M
- -0.22%
- 1Y
- 4.43%
- 3Y*
- 1.21%
- 5Y*
- 2.03%
- 10Y*
- —
UB01.L vs. MDBU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UB01.L UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis | 6.40% | 28.34% | 6.43% | 19.85% | -4.38% | 14.47% | 4.04% | 16.99% |
MDBU.L UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis | 0.13% | -0.80% | 4.66% | -1.28% | 3.51% | -0.35% | 1.30% | 1.13% |
Correlation
The correlation between UB01.L and MDBU.L is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2019 | -0.11 |
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Return for Risk
UB01.L vs. MDBU.L — Risk / Return Rank
UB01.L
MDBU.L
UB01.L vs. MDBU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis (UB01.L) and UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis (MDBU.L). 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.
| UB01.L | MDBU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.13 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 0.94 | +1.11 |
| Martin ratioReturn relative to average drawdown | 6.42 | 2.30 | +4.12 |
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
| UB01.L | MDBU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 0.73 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.24 | +0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.61 | 0.13 | +1.48 |
Drawdowns
UB01.L vs. MDBU.L - Drawdown Comparison
The maximum UB01.L drawdown since its inception was -29.27%, which is greater than MDBU.L's maximum drawdown of -18.04%. Use the drawdown chart below to compare losses from any high point for UB01.L and MDBU.L.
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Drawdown Indicators
| UB01.L | MDBU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.27% | -18.04% | -11.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -4.76% | -6.62% |
Max Drawdown (3Y)Largest decline over 3 years | -13.55% | -7.99% | -5.56% |
Max Drawdown (5Y)Largest decline over 5 years | -21.12% | -16.15% | -4.97% |
Max Drawdown (10Y)Largest decline over 10 years | -29.27% | — | — |
Current DrawdownCurrent decline from peak | -0.60% | -9.05% | +8.45% |
Average DrawdownAverage peak-to-trough decline | -4.20% | -10.90% | +6.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 1.93% | +1.99% |
Volatility
UB01.L vs. MDBU.L - Volatility Comparison
UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis (UB01.L) has a higher volatility of 4.80% compared to UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis (MDBU.L) at 1.66%. This indicates that UB01.L's price experiences larger fluctuations and is considered to be riskier than MDBU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UB01.L | MDBU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 1.66% | +3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 12.76% | 4.44% | +8.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.17% | 6.06% | +10.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.79% | 8.41% | +18.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.14% | 9.23% | +21.91% |
UB01.L vs. MDBU.L - Expense Ratio Comparison
UB01.L has a 0.15% expense ratio, which is lower than MDBU.L's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
UB01.L vs. MDBU.L - Dividend Comparison
UB01.L's dividend yield for the trailing twelve months is around 2.56%, less than MDBU.L's 3.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDBU.L UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis | 3.14% | 3.96% | 2.14% | 1.92% | 0.75% | 0.74% | 1.73% | 1.66% | 0.00% | 0.00% | 0.00% | 0.00% |
UB01.L UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis | 2.56% | 2.43% | 3.13% | 2.86% | 2.78% | 1.94% | 1.93% | 3.04% | 2.77% | 2.89% | 3.55% | 3.50% |
Frequently Asked Questions
UB01.L and MDBU.L have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UB01.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UB01.L is cheaper with a 0.15% expense ratio, compared with 0.18% for MDBU.L.
UB01.L is categorized as Europe Equities, while MDBU.L is Government Bonds. UB01.L tracks MSCI EMU NR EUR, while MDBU.L tracks Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped Index. Their fees differ too: 0.15% for UB01.L and 0.18% for MDBU.L.
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