UC63.L vs. MDBU.L
UC63.L (UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis) and MDBU.L (UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis) are both exchange-traded funds - UC63.L is a Europe Equities fund tracking the FTSE AllSh TR GBP, 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, UC63.L returned 12.25%/yr vs 2.03%/yr for MDBU.L. At a correlation of -0.11, they often move in opposite directions. UC63.L charges 0.20%/yr vs 0.18%/yr for MDBU.L.
Performance
UC63.L vs. MDBU.L - Performance Comparison
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Returns By Period
In the year-to-date period, UC63.L achieves a 5.83% return, which is significantly higher than MDBU.L's 0.13% return.
UC63.L
- 1D
- 0.09%
- 1M
- -0.61%
- YTD
- 5.83%
- 6M
- 8.68%
- 1Y
- 21.55%
- 3Y*
- 14.65%
- 5Y*
- 12.25%
- 10Y*
- 8.91%
MDBU.L
- 1D
- 0.17%
- 1M
- 1.04%
- YTD
- 0.13%
- 6M
- -0.36%
- 1Y
- 4.70%
- 3Y*
- 1.21%
- 5Y*
- 2.03%
- 10Y*
- —
UC63.L vs. MDBU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UC63.L UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis | 5.83% | 25.75% | 9.16% | 6.95% | 7.38% | 19.00% | -13.55% | 16.32% | -0.97% |
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% | 0.00% |
Correlation
The correlation between UC63.L and MDBU.L is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2018 | -0.11 |
The correlation between UC63.L and MDBU.L shifts across timeframes, from -0.17 (5 years) to -0.07 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UC63.L vs. MDBU.L — Risk / Return Rank
UC63.L
MDBU.L
UC63.L vs. MDBU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis (UC63.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.
| UC63.L | MDBU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.13 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 0.94 | +1.46 |
| Martin ratioReturn relative to average drawdown | 8.18 | 2.30 | +5.88 |
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
| UC63.L | MDBU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 0.73 | +1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.24 | +0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.13 | +0.35 |
Drawdowns
UC63.L vs. MDBU.L - Drawdown Comparison
The maximum UC63.L drawdown since its inception was -34.55%, 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 UC63.L and MDBU.L.
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Drawdown Indicators
| UC63.L | MDBU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.55% | -18.04% | -16.51% |
Max Drawdown (1Y)Largest decline over 1 year | -9.05% | -4.76% | -4.29% |
Max Drawdown (3Y)Largest decline over 3 years | -12.95% | -7.99% | -4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -12.95% | -16.15% | +3.20% |
Max Drawdown (10Y)Largest decline over 10 years | -34.55% | — | — |
Current DrawdownCurrent decline from peak | -4.19% | -9.05% | +4.86% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -10.90% | +6.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 1.93% | +0.72% |
Volatility
UC63.L vs. MDBU.L - Volatility Comparison
UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis (UC63.L) has a higher volatility of 4.04% compared to UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis (MDBU.L) at 1.66%. This indicates that UC63.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
| UC63.L | MDBU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 1.66% | +2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 9.72% | 4.44% | +5.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.19% | 6.06% | +5.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.88% | 8.41% | +4.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.11% | 9.23% | +5.88% |
UC63.L vs. MDBU.L - Expense Ratio Comparison
UC63.L has a 0.20% expense ratio, which is higher than MDBU.L's 0.18% 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
UC63.L vs. MDBU.L - Dividend Comparison
UC63.L's dividend yield for the trailing twelve months is around 2.87%, 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% |
UC63.L UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis | 2.87% | 2.73% | 3.12% | 3.69% | 3.71% | 3.22% | 3.86% | 4.21% | 3.55% | 4.46% | 2.14% | 4.44% |
Frequently Asked Questions
UC63.L and MDBU.L have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MDBU.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MDBU.L is cheaper with a 0.18% expense ratio, compared with 0.20% for UC63.L.
UC63.L is categorized as Europe Equities, while MDBU.L is Government Bonds. UC63.L tracks FTSE AllSh TR GBP, while MDBU.L tracks Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped Index. Their fees differ too: 0.20% for UC63.L and 0.18% for MDBU.L.
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