- Issuer
- Angel Oak
- Inception Date
- Jun 4, 2021
- Category
- Intermediate Core-Plus Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $154M
Share Price Chart
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Performance
MBS Performance Chart
Angel Oak Mortgage-Backed Securities ETF (MBS) is up 0.5% since the beginning of the year. MBS is currently trading at $9 per share.
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Returns By Period
Angel Oak Mortgage-Backed Securities ETF (MBS) has returned 0.51% so far this year and 6.88% over the past 12 months.
Angel Oak Mortgage-Backed Securities ETF
- 1D
- 0.00%
- 1M
- -0.62%
- YTD
- 0.51%
- 6M
- 1.07%
- 1Y
- 6.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.26%
- 1M
- -0.17%
- YTD
- 7.91%
- 6M
- 7.98%
- 1Y
- 22.99%
- 3Y*
- 19.77%
- 5Y*
- 11.75%
- 10Y*
- 13.42%
MBS Monthly Returns History
Based on dividend-adjusted daily data since Feb 20, 2024, MBS's average daily return is +0.02%, while the average monthly return is +0.49%. At this rate, an investment would double in approximately 11.8 years.
Historically, 69% of months were positive and 31% were negative. The best month was Aug 2024 with a return of +2.5%, while the worst month was Oct 2024 at -2.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 2 months.
On a daily basis, MBS closed higher 52% of trading days. The best single day was Aug 2, 2024 with a return of +1.1%, while the worst single day was Apr 10, 2025 at -1.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.44% | 1.61% | -1.73% | 0.67% | -0.16% | -0.29% | 0.51% | ||||||
| 2025 | 0.31% | 2.02% | 0.59% | -0.07% | -0.73% | 1.58% | -0.20% | 1.27% | 1.51% | 0.68% | 0.90% | 0.03% | 8.13% |
| 2024 | 0.13% | 1.03% | -2.29% | 2.43% | 1.50% | 1.78% | 2.53% | 1.67% | -2.93% | 0.55% | -0.55% | 5.84% |
Benchmark Metrics
Angel Oak Mortgage-Backed Securities ETF has an annualized alpha of 6.00%, beta of 0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since February 20, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (23.99%) than losses (17.10%) - typical of diversified or defensive assets.
- Beta of 0.02 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 6.00%
- Beta
- 0.02
- R²
- 0.01
- Upside Capture
- 23.99%
- Downside Capture
- 17.10%
Expense Ratio
MBS has an expense ratio of 0.49%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MBS ranks 79 for risk / return — better than 79% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Angel Oak Mortgage-Backed Securities ETF (MBS) and compare them to S&P 500 Index.
| MBS | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.35 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 2.54 | +0.60 |
| Martin ratioReturn relative to average drawdown | 9.57 | 11.58 | -2.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Angel Oak Mortgage-Backed Securities ETF provided a 5.62% dividend yield over the last twelve months, with an annual payout of $0.48 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.48 | $0.46 | $0.39 |
Dividend yield | 5.62% | 5.28% | 4.52% |
Monthly Dividends
The table displays the monthly dividend distributions for Angel Oak Mortgage-Backed Securities ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.05 | $0.05 | $0.04 | $0.00 | $0.19 | ||||||
| 2025 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.03 | $0.05 | $0.04 | $0.03 | $0.04 | $0.46 |
| 2024 | $0.03 | $0.04 | $0.04 | $0.02 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.39 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Angel Oak Mortgage-Backed Securities ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Angel Oak Mortgage-Backed Securities ETF was 4.09%, occurring on Jan 13, 2025. Recovery took 56 trading sessions.
The current Angel Oak Mortgage-Backed Securities ETF drawdown is 1.58%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 pullback2025 | -4.09%Jan 2025 | 3mo 22d | 2mo 20d | 6mo 12dSep 2024 - Apr 2025 |
2024 pullback2024 | -2.82%Apr 2024 | 1mo 5d | 1mo 19d | 2mo 24dMar 2024 - Jun 2024 |
2025 selloff2025 | -2.54%May 2025 | 1mo 15d | 2mo 11d | 3mo 26dApr 2025 - Aug 2025 |
2026 pullback2026 | -2.20%May 2026 | 2mo 17d | — | 3mo 9dMar 2026 - now |
2024 pullback2024 | -1.12%Jun 2024 | 3d | 3d | 6dJun 2024 - Jun 2024 |
Drawdown Indicators
| MBS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.09% | -56.78% | +52.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.20% | -9.10% | +6.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.58% | -2.93% | +1.35% |
Average DrawdownAverage peak-to-trough decline | -1.02% | -10.72% | +9.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 1.99% | -1.27% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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