XUT3.L vs. MDBU.L
XUT3.L (Xtrackers II US Treasuries 1-3 UCITS ETF 1D) and MDBU.L (UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis) are both Government Bonds funds - XUT3.L tracks the iBoxx USD Treasuries 1-3 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, XUT3.L returned 1.86%/yr vs 0.95%/yr for MDBU.L. At a 0.37 correlation, their price movements are largely independent. XUT3.L charges 0.06%/yr vs 0.18%/yr for MDBU.L.
Performance
XUT3.L vs. MDBU.L - Performance Comparison
Loading charts...
Different Trading Currencies
XUT3.L is traded in USD, while MDBU.L is traded in GBp. To make them comparable, the MDBU.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XUT3.L achieves a 0.54% return, which is significantly higher than MDBU.L's -0.12% return.
XUT3.L
- 1D
- 0.10%
- 1M
- 0.12%
- YTD
- 0.54%
- 6M
- 0.93%
- 1Y
- 3.45%
- 3Y*
- 4.17%
- 5Y*
- 1.86%
- 10Y*
- 1.74%
MDBU.L
- 1D
- 0.22%
- 1M
- 0.12%
- YTD
- -0.12%
- 6M
- 0.52%
- 1Y
- 3.44%
- 3Y*
- 3.82%
- 5Y*
- 0.95%
- 10Y*
- —
XUT3.L vs. MDBU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 0.54% | 5.06% | 4.13% | 4.10% | -3.60% | -0.62% | 2.95% | 3.56% | 0.31% |
MDBU.L UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis | -0.12% | 6.36% | 3.23% | 3.92% | -7.56% | -1.25% | 4.41% | 6.26% | 0.00% |
Correlation
The correlation between XUT3.L and MDBU.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2018 | 0.37 |
The correlation between XUT3.L and MDBU.L shifts across timeframes, from 0.27 (1 year) to 0.45 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XUT3.L vs. MDBU.L — Risk / Return Rank
XUT3.L
MDBU.L
XUT3.L vs. MDBU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.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.
| XUT3.L | MDBU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.31 | ||
| Sortino ratioReturn per unit of downside risk | +3.91 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.13 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | 1.63 | +3.47 |
| Martin ratioReturn relative to average drawdown | 20.02 | 4.69 | +15.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XUT3.L | MDBU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.06 | 0.75 | +2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.15 | +0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.14 | 0.33 | +0.80 |
Drawdowns
XUT3.L vs. MDBU.L - Drawdown Comparison
The maximum XUT3.L drawdown since its inception was -5.45%, smaller than the maximum MDBU.L drawdown of -12.15%. Use the drawdown chart below to compare losses from any high point for XUT3.L and MDBU.L.
Loading charts...
Drawdown Indicators
| XUT3.L | MDBU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.45% | -12.15% | +6.70% |
Max Drawdown (1Y)Largest decline over 1 year | -0.67% | -2.12% | +1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -0.91% | -2.70% | +1.79% |
Max Drawdown (5Y)Largest decline over 5 years | -5.45% | -11.72% | +6.27% |
Max Drawdown (10Y)Largest decline over 10 years | -5.45% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -1.38% | +1.26% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -3.44% | +2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 0.74% | -0.57% |
Volatility
XUT3.L vs. MDBU.L - Volatility Comparison
The current volatility for Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) is 0.41%, while UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (USD) A-dis (MDBU.L) has a volatility of 1.46%. This indicates that XUT3.L experiences smaller price fluctuations and is considered to be less risky than MDBU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XUT3.L | MDBU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 1.46% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 0.80% | 3.55% | -2.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.13% | 4.62% | -3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.90% | 6.32% | -4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.50% | 6.38% | -4.88% |
XUT3.L vs. MDBU.L - Expense Ratio Comparison
XUT3.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
XUT3.L vs. MDBU.L - Dividend Comparison
XUT3.L's dividend yield for the trailing twelve months is around 2.84%, less than MDBU.L's 3.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 2.84% | 2.70% | 2.35% | 1.80% | 1.00% | 2.89% | 2.43% | 1.16% | 1.00% | 0.69% |
Frequently Asked Questions
XUT3.L and MDBU.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUT3.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUT3.L is cheaper with a 0.06% expense ratio, compared with 0.18% for MDBU.L.
XUT3.L tracks iBoxx USD Treasuries 1-3 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 XUT3.L and 0.18% for MDBU.L.
Find the right allocation for XUT3.L and MDBU.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer