Angel Oak Mortgage-Backed Securities ETF (MBS) belongs to the Intermediate Core-Plus Bond category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MBS. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MBS
MBS charges 0.49% annually. There are 37 ETFs in the Intermediate Core-Plus Bond category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Core-Plus Bond Index ETF | 0.05% | 117.00M | Dec 2025 | MBS vs BNDP | |
| iShares Core Universal USD Bond ETF | 0.06% | 42.77B | Jun 2014 | MBS vs IUSB | |
| iShares Core 5-10 Year USD Bond ETF | 0.06% | 280.32M | Nov 2016 | MBS vs IMTB | |
| iShares ESG Advanced Total USD Bond Market ETF | 0.12% | 723.41M | Jun 2020 | MBS vs EUSB | |
| iShares Yield Optimized Bond ETF | 0.17% | 453.37M | Apr 2014 | MBS vs BYLD |
Best Risk-Adjusted Alternatives to MBS
MBS has a PortfoliosLab risk / return rank of 74. There are 2 ETFs in the Intermediate Core-Plus Bond category with higher risk-adjusted ranks, going as high as 90.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| F/m Opportunistic Income ETF | 90 | 46.35M | Sep 2023 | MBS vs ZHOG | |
| Infrastructure Capital Bond Income ETF | 88 | 17.73M | Jan 2025 | MBS vs BNDS | |
| Cambria Fixed Income Trend ETF | 63 | — | Mar 2025 | MBS vs CFIT | |
| SanJac Alpha Core Plus Bond ETF | 62 | 2.28M | Sep 2024 | MBS vs SJCP | |
| iShares Yield Optimized Bond ETF | 57 | 453.37M | Apr 2014 | MBS vs BYLD |
Top Performing MBS Alternatives (YTD)
MBS is at 1.67% YTD. There are 6 ETFs in the Intermediate Core-Plus Bond category with higher YTD returns, going as high as 5.27%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Cambria Fixed Income Trend ETF | 5.27% | — | Mar 2025 | MBS vs CFIT | |
| Infrastructure Capital Bond Income ETF | 4.59% | 17.73M | Jan 2025 | MBS vs BNDS | |
| Neos Enhanced Income Aggregate Bond ETF | 2.29% | 182.03M | Aug 2022 | MBS vs BNDI | |
| Monarch Ambassador Income ETF | 2.00% | 186.93M | Mar 2021 | MBS vs MAMB | |
| iShares Yield Optimized Bond ETF | 1.91% | 453.37M | Apr 2014 | MBS vs BYLD |
Lowest Volatility Alternatives to MBS
MBS has 2.79% 1-year volatility. There are 2 ETFs in the Intermediate Core-Plus Bond category with lower 1-year volatility, going as low as 1.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| F/m Opportunistic Income ETF | 1.58% | 46.35M | Sep 2023 | MBS vs ZHOG | |
| SanJac Alpha Core Plus Bond ETF | 2.52% | 2.28M | Sep 2024 | MBS vs SJCP | |
| First Trust Commercial Mortgage Opportunities ETF | 3.10% | 34.56M | Feb 2024 | MBS vs CAAA | |
| DoubleLine Opportunistic Bond ETF | 3.26% | 719.37M | Mar 2022 | MBS vs DBND | |
| Kingsbarn Tactical Bond ETF | 3.35% | 1.18M | Dec 2021 | MBS vs KDRN |
Lowest Drawdown Alternatives to MBS
MBS has a 1-year max drawdown of -2.20%. There are 4 ETFs in the Intermediate Core-Plus Bond category with shallower 1-year drawdowns, going as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| F/m Opportunistic Income ETF | -1.31% | 46.35M | Sep 2023 | MBS vs ZHOG | |
| Kingsbarn Tactical Bond ETF | -1.77% | 1.18M | Dec 2021 | MBS vs KDRN | |
| SanJac Alpha Core Plus Bond ETF | -2.01% | 2.28M | Sep 2024 | MBS vs SJCP | |
| First Trust Commercial Mortgage Opportunities ETF | -2.08% | 34.56M | Feb 2024 | MBS vs CAAA | |
| AB Core Plus Bond ETF | -2.47% | 216.56M | Dec 2023 | MBS vs CPLS |
Other ETFs from Angel Oak
The 4 most viewed Angel Oak ETFs shown here include CARY, UYLD, AOHY and span 4 categories. AUM among these funds goes as high as $1B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Angel Oak Income ETF | Multisector Bonds | 95 | 2.50% | 1.03B | Nov 2022 | MBS vs CARY | |
| Angel Oak Ultrashort Income ETF | Ultrashort Bond | 99 | 2.23% | 1.45B | Oct 2022 | MBS vs UYLD | |
| Angel Oak High Yield Opportunities ETF | High Yield Bonds | 70 | 2.42% | 119.63M | Mar 2009 | MBS vs AOHY | |
| Angel Oak Total Return ETF | Intermediate Core-Plus Bond | — | 1.57% | 26.87M | Oct 2025 | MBS vs TRBF |
Often Compared With MBS
Investors most often compare MBS with MNDO, SPY, IAG. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare MBS with Any Fund or Stock
Compare MBS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MBS with funds that move differently
Angel Oak Mortgage-Backed Securities ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MBS.
Explore MBS Diversifiers