EUSB vs. MBS

Last updated Apr 1, 2026

Compare and contrast key facts about iShares ESG Advanced Total USD Bond Market ETF (EUSB) and Angel Oak Mortgage-Backed Securities ETF (MBS).

EUSB and MBS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EUSB is a passively managed fund by iShares that tracks the performance of the Bloomberg MSCI US Universal Choice ESG Screened Index. It was launched on Jun 23, 2020. MBS is an actively managed fund by Angel Oak. It was launched on Jun 4, 2021.

Performance

EUSB vs. MBS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG Advanced Total USD Bond Market ETF (EUSB) and Angel Oak Mortgage-Backed Securities ETF (MBS). The values are adjusted to include any dividend payments, if applicable.

EUSB vs. MBS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EUSB iShares ESG Advanced Total USD Bond Market ETF	-0.30%	7.45%	3.41%
MBS Angel Oak Mortgage-Backed Securities ETF	0.29%	8.13%	5.78%

Returns By Period

In the year-to-date period, EUSB achieves a -0.30% return, which is significantly lower than MBS's 0.29% return.

EUSB

• 1D: 0.16%
• 1M: -1.79%
• YTD: -0.30%
• 6M: 0.99%
• 1Y: 4.39%
• 3Y*: 3.88%
• 5Y*: 0.42%
• 10Y*: —

MBS

• 1D: -0.09%
• 1M: -1.73%
• YTD: 0.29%
• 6M: 1.91%
• 1Y: 5.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EUSB vs. MBS - Expense Ratio Comparison

EUSB has a 0.12% expense ratio, which is lower than MBS's 0.49% expense ratio.

MBS

Angel Oak Mortgage-Backed Securities ETF

EUSB

iShares ESG Advanced Total USD Bond Market ETF

Return for Risk

EUSB vs. MBS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUSB

EUSB Risk / Return Rank: 61
EUSB Sharpe Ratio Rank: 63
EUSB Sortino Ratio Rank: 60
EUSB Omega Ratio Rank: 52
EUSB Calmar Ratio Rank: 73
EUSB Martin Ratio Rank: 57

MBS

MBS Risk / Return Rank: 77
MBS Sharpe Ratio Rank: 80
MBS Sortino Ratio Rank: 80
MBS Omega Ratio Rank: 76
MBS Calmar Ratio Rank: 82
MBS Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUSB vs. MBS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced Total USD Bond Market ETF (EUSB) and Angel Oak Mortgage-Backed Securities ETF (MBS). 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.

	EUSB	MBS	Difference
Sharpe ratio Return per unit of total volatility	1.08	1.51	-0.42
Sortino ratio Return per unit of downside risk	1.52	2.06	-0.54
Omega ratio Gain probability vs. loss probability	1.19	1.29	-0.09
Calmar ratio Return relative to maximum drawdown	1.86	2.36	-0.50
Martin ratio Return relative to average drawdown	5.54	6.59	-1.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUSB vs. MBS - Sharpe Ratio Comparison

The current EUSB Sharpe Ratio is 1.08, which is comparable to the MBS Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of EUSB and MBS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EUSB	MBS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	1.51	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	1.66	-1.63

Correlation

The correlation between EUSB and MBS is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EUSB vs. MBS - Dividend Comparison

EUSB's dividend yield for the trailing twelve months is around 3.90%, less than MBS's 5.47% yield.

	TTM	2025	2024	2023	2022	2021	2020
EUSB iShares ESG Advanced Total USD Bond Market ETF	3.90%	3.84%	3.67%	3.08%	2.21%	1.10%	0.57%
MBS Angel Oak Mortgage-Backed Securities ETF	5.47%	5.28%	4.52%	0.00%	0.00%	0.00%	0.00%

Drawdowns

EUSB vs. MBS - Drawdown Comparison

The maximum EUSB drawdown since its inception was -17.87%, which is greater than MBS's maximum drawdown of -4.09%. Use the drawdown chart below to compare losses from any high point for EUSB and MBS.

Drawdown Indicators

	EUSB	MBS	Difference
Max Drawdown Largest peak-to-trough decline	-17.87%	-4.09%	-13.78%
Max Drawdown (1Y) Largest decline over 1 year	-2.42%	-2.54%	+0.12%
Max Drawdown (5Y) Largest decline over 5 years	-17.45%	—	—
Current Drawdown Current decline from peak	-1.79%	-1.79%	0.00%
Average Drawdown Average peak-to-trough decline	-6.65%	-0.99%	-5.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.81%	0.91%	-0.10%

Volatility

EUSB vs. MBS - Volatility Comparison

iShares ESG Advanced Total USD Bond Market ETF (EUSB) has a higher volatility of 1.50% compared to Angel Oak Mortgage-Backed Securities ETF (MBS) at 1.01%. This indicates that EUSB's price experiences larger fluctuations and is considered to be riskier than MBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUSB	MBS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.50%	1.01%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	2.36%	2.02%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	4.07%	3.62%	+0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.75%	4.08%	+1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.46%	4.08%	+1.38%