VAGT.DE vs. MDBA.DE
VAGT.DE (Vanguard USD Treasury Bond UCITS ETF Accumulating) and MDBA.DE (UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc) are both Government Bonds funds - VAGT.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index while MDBA.DE tracks the Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped. Both are passively managed. Over the past 3 years, VAGT.DE returned 0.08%/yr vs 1.12%/yr for MDBA.DE. Their correlation of 0.91 suggests significant overlap in exposure. VAGT.DE charges 0.05%/yr vs 0.15%/yr for MDBA.DE.
Performance
VAGT.DE vs. MDBA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VAGT.DE achieves a 1.07% return, which is significantly lower than MDBA.DE's 1.20% return.
VAGT.DE
- 1D
- 0.09%
- 1M
- 0.85%
- YTD
- 1.07%
- 6M
- 0.31%
- 1Y
- 1.96%
- 3Y*
- 0.08%
- 5Y*
- —
- 10Y*
- —
MDBA.DE
- 1D
- 0.00%
- 1M
- 0.92%
- YTD
- 1.20%
- 6M
- 0.59%
- 1Y
- 1.94%
- 3Y*
- 1.12%
- 5Y*
- 1.90%
- 10Y*
- —
VAGT.DE vs. MDBA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 1.07% | -5.48% | 6.40% | -0.45% |
MDBA.DE UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc | 1.20% | -5.19% | 8.65% | 0.23% |
Correlation
The correlation between VAGT.DE and MDBA.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023 | 0.91 |
The correlation between VAGT.DE and MDBA.DE has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
VAGT.DE vs. MDBA.DE — Risk / Return Rank
VAGT.DE
MDBA.DE
VAGT.DE vs. MDBA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.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.
| VAGT.DE | MDBA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.05 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 0.43 | -0.02 |
| Martin ratioReturn relative to average drawdown | 1.00 | 1.04 | -0.04 |
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
| VAGT.DE | MDBA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.29 | 0.31 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.24 | -0.19 |
Drawdowns
VAGT.DE vs. MDBA.DE - Drawdown Comparison
The maximum VAGT.DE drawdown since its inception was -11.03%, smaller than the maximum MDBA.DE drawdown of -12.17%. Use the drawdown chart below to compare losses from any high point for VAGT.DE and MDBA.DE.
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Drawdown Indicators
| VAGT.DE | MDBA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.03% | -12.17% | +1.14% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -3.81% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -11.03% | -10.11% | -0.92% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.02% | — |
Current DrawdownCurrent decline from peak | -7.21% | -6.13% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -5.56% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.55% | +0.06% |
Volatility
VAGT.DE vs. MDBA.DE - Volatility Comparison
Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) and UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) Acc (MDBA.DE) have volatilities of 0.86% and 0.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGT.DE | MDBA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.85% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.76% | 3.65% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.49% | 5.31% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.33% | 7.26% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.33% | 7.03% | +0.30% |
VAGT.DE vs. MDBA.DE - Expense Ratio Comparison
VAGT.DE has a 0.05% expense ratio, which is lower than MDBA.DE's 0.15% 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
VAGT.DE vs. MDBA.DE - Dividend Comparison
Neither VAGT.DE nor MDBA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, VAGT.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.
On fees, VAGT.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGT.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for MDBA.DE.
VAGT.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index, while MDBA.DE tracks Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped. They also come from different issuers: Vanguard and UBS. Their fees differ too: 0.05% for VAGT.DE and 0.15% for MDBA.DE.
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