XT01.L vs. MDBU.L
XT01.L (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) and MDBU.L (UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis) are both Government Bonds funds - XT01.L tracks the FTSE US Treasury Short Duration Index while MDBU.L tracks the Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped Index. Both are passively managed. Over the past 5 years, XT01.L returned 4.47%/yr vs 2.03%/yr for MDBU.L. Their correlation of 0.88 suggests significant overlap in exposure. XT01.L charges 0.06%/yr vs 0.18%/yr for MDBU.L.
Performance
XT01.L vs. MDBU.L - Performance Comparison
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Different Trading Currencies
XT01.L is traded in GBP, while MDBU.L is traded in GBp. To make them comparable, the MDBU.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, XT01.L achieves a 1.60% return, which is significantly higher than MDBU.L's 0.13% return.
XT01.L
- 1D
- 0.10%
- 1M
- 1.28%
- YTD
- 1.60%
- 6M
- 1.14%
- 1Y
- 4.98%
- 3Y*
- 2.01%
- 5Y*
- 4.47%
- 10Y*
- —
MDBU.L
- 1D
- 0.17%
- 1M
- 0.98%
- YTD
- 0.13%
- 6M
- -0.22%
- 1Y
- 4.43%
- 3Y*
- 1.21%
- 5Y*
- 2.03%
- 10Y*
- —
XT01.L vs. MDBU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 1.60% | -2.80% | 6.91% | -0.75% | 12.89% | 1.36% | -5.72% |
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% | -5.78% |
Correlation
The correlation between XT01.L and MDBU.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020 | 0.88 |
The correlation between XT01.L and MDBU.L has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
XT01.L vs. MDBU.L — Risk / Return Rank
XT01.L
MDBU.L
XT01.L vs. MDBU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.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.
| XT01.L | MDBU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 0.94 | +0.17 |
| Martin ratioReturn relative to average drawdown | 2.77 | 2.30 | +0.47 |
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
| XT01.L | MDBU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 0.73 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.24 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.13 | +0.13 |
Drawdowns
XT01.L vs. MDBU.L - Drawdown Comparison
The maximum XT01.L drawdown since its inception was -15.31%, smaller than the maximum MDBU.L drawdown of -18.04%. Use the drawdown chart below to compare losses from any high point for XT01.L and MDBU.L.
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Drawdown Indicators
| XT01.L | MDBU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.31% | -18.04% | +2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -4.76% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -9.75% | -7.99% | -1.76% |
Max Drawdown (5Y)Largest decline over 5 years | -15.31% | -16.15% | +0.84% |
Current DrawdownCurrent decline from peak | -5.62% | -9.05% | +3.43% |
Average DrawdownAverage peak-to-trough decline | -7.30% | -10.90% | +3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 1.93% | -0.13% |
Volatility
XT01.L vs. MDBU.L - Volatility Comparison
Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L) has a higher volatility of 1.90% compared to UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis (MDBU.L) at 1.66%. This indicates that XT01.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
| XT01.L | MDBU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 1.66% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 4.68% | 4.44% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.44% | 6.06% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.37% | 8.41% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.34% | 9.23% | -0.89% |
XT01.L vs. MDBU.L - Expense Ratio Comparison
XT01.L has a 0.06% 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
XT01.L vs. MDBU.L - Dividend Comparison
XT01.L has not paid dividends to shareholders, while MDBU.L's dividend yield for the trailing twelve months is around 3.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, XT01.L and MDBU.L 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, XT01.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XT01.L is cheaper with a 0.06% expense ratio, compared with 0.18% for MDBU.L.
XT01.L tracks FTSE US Treasury Short Duration Index, while MDBU.L tracks Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped Index. They also come from different issuers: Xtrackers and UBS. Their fees differ too: 0.06% for XT01.L and 0.18% for MDBU.L.
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