BOBP vs. MBSF

Last updated Aug 2, 2026

BOBP (CORE16 Best of Breed Premier Index ETF) and MBSF (Regan Floating Rate MBS ETF) are both exchange-traded funds - BOBP is a Large Cap Blend Equities fund tracking the CORE16 Best of Breed Premier Index, while MBSF is a Bank Loan fund actively managed by Regan. BOBP is passively managed, while MBSF is actively managed. Over the past year, BOBP returned 20.29% vs 5.30% for MBSF. Their 0.05 correlation means their historical movements had little consistent relationship. BOBP charges 0.70%/yr vs 0.49%/yr for MBSF.

Performance

BOBP vs. MBSF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CORE16 Best of Breed Premier Index ETF (BOBP) and Regan Floating Rate MBS ETF (MBSF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOBP achieves a 13.31% return, which is significantly higher than MBSF's 2.30% return.

BOBP

• 1D: 0.26%
• 1M: -5.76%
• 6M: 8.81%
• YTD: 13.31%
• 1Y: 20.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.09%

MBSF

• 1D: -0.13%
• 1M: 0.25%
• 6M: 1.88%
• YTD: 2.30%
• 1Y: 5.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BOBP CORE16 Best of Breed Premier Index ETF	$88.20K	$92.43K	$96.63K
MBSF Regan Floating Rate MBS ETF	$1.54M	$1.34M	$1.61M

BOBP vs. MBSF - Yearly Performance Comparison

	2026 (YTD)	2025
BOBP CORE16 Best of Breed Premier Index ETF	13.31%	7.63%
MBSF Regan Floating Rate MBS ETF	2.30%	4.12%

Correlation

The correlation between BOBP and MBSF is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.06
Correlation (All Time) Calculated using the full available price history since May 21, 2025	0.05

Return for Risk

BOBP vs. MBSF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BOBP

BOBP Risk / Return Rank: 35
BOBP Sharpe Ratio Rank: 33
BOBP Sortino Ratio Rank: 32
BOBP Omega Ratio Rank: 34
BOBP Calmar Ratio Rank: 34
BOBP Martin Ratio Rank: 41

MBSF

MBSF Risk / Return Rank: 85
MBSF Sharpe Ratio Rank: 76
MBSF Sortino Ratio Rank: 82
MBSF Omega Ratio Rank: 79
MBSF Calmar Ratio Rank: 96
MBSF Martin Ratio Rank: 95

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BOBP vs. MBSF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CORE16 Best of Breed Premier Index ETF (BOBP) and Regan Floating Rate MBS ETF (MBSF). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BOBP	MBSF	Difference
Sharpe ratio: Return per unit of total volatility	0.81	1.74	-0.93
Sortino ratio: Return per unit of downside risk	1.23	2.68	-1.45
Omega ratio: Gain probability vs. loss probability	1.16	1.33	-0.17
Calmar ratio: Return relative to maximum drawdown	1.17	6.25	-5.08
Martin ratio: Return relative to average drawdown	4.38	19.49	-15.11

BOBP vs. MBSF - Sharpe Ratio Comparison

The current BOBP Sharpe Ratio is 0.81, which is lower than the MBSF Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of BOBP and MBSF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BOBP vs. MBSF - Drawdown Comparison

The maximum BOBP drawdown since its inception was -16.32%, which is greater than MBSF's maximum drawdown of -0.97%. Use the drawdown chart below to compare losses from any high point for BOBP and MBSF.

Drawdown Indicators

	BOBP	MBSF	Difference
Max Drawdown Largest peak-to-trough decline	-16.32%	-0.97%	-15.35%
Max Drawdown (1Y) Largest decline over 1 year	-16.32%	-0.79%	-15.53%
Current Drawdown Current decline from peak	-13.24%	-0.13%	-13.11%
Average Drawdown Average peak-to-trough decline	-2.32%	-0.22%	-2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.36%	0.26%	+4.10%

Volatility

BOBP vs. MBSF - Volatility Comparison

CORE16 Best of Breed Premier Index ETF (BOBP) has a higher volatility of 8.34% compared to Regan Floating Rate MBS ETF (MBSF) at 0.62%. This indicates that BOBP's price experiences larger fluctuations and is considered to be riskier than MBSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOBP	MBSF	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.34%	0.62%	+7.72%
Volatility (6M) Calculated over the trailing 6-month period	21.51%	2.07%	+19.44%
Volatility (1Y) Calculated over the trailing 1-year period	23.61%	2.85%	+20.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.86%	3.26%	+18.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.86%	3.26%	+18.60%

BOBP vs. MBSF - Expense Ratio Comparison

BOBP has a 0.70% expense ratio, which is higher than MBSF's 0.49% expense ratio.

Dividends

BOBP vs. MBSF - Dividend Comparison

BOBP's dividend yield for the trailing twelve months is around 2.92%, less than MBSF's 4.43% yield.

Position	TTM	2025	2024
BOBP CORE16 Best of Breed Premier Index ETF	2.92%	3.31%	0.00%
MBSF Regan Floating Rate MBS ETF	4.43%	4.71%	4.14%

Frequently Asked Questions

Can I hold both BOBP and MBSF in my portfolio?

BOBP and MBSF have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BOBP or MBSF?

BOBP has higher volatility (8.34%) compared to MBSF (0.62%). In terms of maximum drawdown, BOBP dropped -16.32% vs MBSF's -0.97%.

Which ETF is better, BOBP or MBSF?

On 1-year performance, BOBP leads with 20.29% vs 5.30% for MBSF. On fees, MBSF is cheaper at 0.49% per year. On volatility, MBSF has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BOBP or MBSF?

Over the 1-year period, BOBP has performed better with a 20.29% return vs 5.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BOBP or MBSF?

MBSF is cheaper with a 0.49% expense ratio, compared with 0.70% for BOBP.

Which ETF pays a higher dividend yield, BOBP or MBSF?

MBSF has the higher dividend yield at 4.43%, compared with 2.92% for BOBP.

What is the main difference between BOBP and MBSF?

BOBP is categorized as Large Cap Blend Equities, while MBSF is Bank Loan. They also come from different issuers: Exchange Traded Concepts and Regan. Their fees differ too: 0.70% for BOBP and 0.49% for MBSF.

Which has better risk-adjusted returns?

MBSF currently has the higher Sharpe Ratio (1.74 vs 0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.