FOUR vs. MBS
FOUR (Shift4 Payments, Inc.) is a stock, while MBS (Angel Oak Mortgage-Backed Securities ETF) is Intermediate Core-Plus Bond fund actively managed by Angel Oak. Over the past year, FOUR returned -54.48% vs 6.01% for MBS. At a 0.08 correlation, their price movements are largely independent.
Performance
FOUR vs. MBS - Performance Comparison
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Returns By Period
In the year-to-date period, FOUR achieves a -29.78% return, which is significantly lower than MBS's 1.15% return.
FOUR
- 1D
- 14.35%
- 1M
- 2.27%
- YTD
- -29.78%
- 6M
- -32.07%
- 1Y
- -54.48%
- 3Y*
- -10.53%
- 5Y*
- -14.80%
- 10Y*
- —
MBS
- 1D
- 0.41%
- 1M
- 0.94%
- YTD
- 1.15%
- 6M
- 1.20%
- 1Y
- 6.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FOUR vs. MBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FOUR Shift4 Payments, Inc. | -29.78% | -39.32% | 33.93% |
MBS Angel Oak Mortgage-Backed Securities ETF | 1.15% | 8.13% | 5.84% |
Correlation
The correlation between FOUR and MBS is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2024 | 0.08 |
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Return for Risk
FOUR vs. MBS — Risk / Return Rank
FOUR
MBS
FOUR vs. MBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shift4 Payments, Inc. (FOUR) 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.
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.
| FOUR | MBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.12 | ||
| Sortino ratioReturn per unit of downside risk | -4.78 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.41 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 2.74 | -3.56 |
| Martin ratioReturn relative to average drawdown | -1.30 | 7.92 | -9.22 |
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Drawdowns
FOUR vs. MBS - Drawdown Comparison
The maximum FOUR drawdown since its inception was -71.65%, which is greater than MBS's maximum drawdown of -4.09%. Use the drawdown chart below to compare losses from any high point for FOUR and MBS.
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Drawdown Indicators
| FOUR | MBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.65% | -4.09% | -67.56% |
Max Drawdown (1Y)Largest decline over 1 year | -66.64% | -2.20% | -64.44% |
Max Drawdown (3Y)Largest decline over 3 years | -71.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -71.65% | — | — |
Current DrawdownCurrent decline from peak | -64.81% | -0.95% | -63.86% |
Average DrawdownAverage peak-to-trough decline | -31.85% | -1.02% | -30.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.95% | 0.76% | +41.19% |
Volatility
FOUR vs. MBS - Volatility Comparison
Shift4 Payments, Inc. (FOUR) has a higher volatility of 22.95% compared to Angel Oak Mortgage-Backed Securities ETF (MBS) at 0.84%. This indicates that FOUR'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.
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Volatility by Period
| FOUR | MBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.95% | 0.84% | +22.11% |
Volatility (6M)Calculated over the trailing 6-month period | 49.83% | 2.08% | +47.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.34% | 2.78% | +54.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.89% | 3.97% | +52.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.81% | 3.97% | +53.84% |
Dividends
FOUR vs. MBS - Dividend Comparison
FOUR has not paid dividends to shareholders, while MBS's dividend yield for the trailing twelve months is around 5.58%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FOUR Shift4 Payments, Inc. | 0.00% | 0.00% | 0.00% |
MBS Angel Oak Mortgage-Backed Securities ETF | 5.58% | 5.28% | 4.52% |
Frequently Asked Questions
FOUR and MBS have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FOUR has higher volatility (22.95%) compared to MBS (0.84%). In terms of maximum drawdown, FOUR dropped -71.65% vs MBS's -4.09%.
MBS currently has the higher Sharpe Ratio (2.17 vs -0.95), 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.
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