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 -58.27% vs 6.50% for MBS. At a 0.07 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 -37.61% return, which is significantly lower than MBS's 0.74% return.
FOUR
- 1D
- -2.31%
- 1M
- -4.10%
- YTD
- -37.61%
- 6M
- -43.35%
- 1Y
- -58.27%
- 3Y*
- -15.88%
- 5Y*
- -16.19%
- 10Y*
- —
MBS
- 1D
- 0.12%
- 1M
- 0.07%
- YTD
- 0.74%
- 6M
- 1.02%
- 1Y
- 6.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FOUR vs. MBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FOUR Shift4 Payments, Inc. | -37.61% | -39.32% | 35.38% |
MBS Angel Oak Mortgage-Backed Securities ETF | 0.74% | 8.13% | 5.78% |
Correlation
The correlation between FOUR and MBS is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2024 | 0.07 |
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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.
| FOUR | MBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.34 | ||
| Sortino ratioReturn per unit of downside risk | -5.14 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.42 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 2.97 | -3.89 |
| Martin ratioReturn relative to average drawdown | -1.48 | 9.28 | -10.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FOUR | MBS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.09 | 2.25 | -3.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 1.61 | -1.56 |
Drawdowns
FOUR vs. MBS - Drawdown Comparison
The maximum FOUR drawdown since its inception was -69.95%, 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 | -69.95% | -4.09% | -65.86% |
Max Drawdown (1Y)Largest decline over 1 year | -63.22% | -2.20% | -61.02% |
Max Drawdown (3Y)Largest decline over 3 years | -68.73% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -69.68% | — | — |
Current DrawdownCurrent decline from peak | -68.73% | -1.35% | -67.38% |
Average DrawdownAverage peak-to-trough decline | -31.56% | -1.02% | -30.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.42% | 0.70% | +38.72% |
Volatility
FOUR vs. MBS - Volatility Comparison
Shift4 Payments, Inc. (FOUR) has a higher volatility of 18.58% compared to Angel Oak Mortgage-Backed Securities ETF (MBS) at 0.89%. 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 | 18.58% | 0.89% | +17.69% |
Volatility (6M)Calculated over the trailing 6-month period | 45.70% | 2.00% | +43.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.64% | 2.93% | +50.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.19% | 3.99% | +52.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.43% | 3.99% | +53.44% |
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 5.61%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FOUR Shift4 Payments, Inc. | 0.00% | 0.00% | 0.00% |
MBS Angel Oak Mortgage-Backed Securities ETF | 5.61% | 5.28% | 4.52% |
Frequently Asked Questions
FOUR and MBS have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FOUR has higher volatility (18.58%) compared to MBS (0.89%). In terms of maximum drawdown, FOUR dropped -69.95% vs MBS's -4.09%.
MBS currently has the higher Sharpe Ratio (2.25 vs -1.09), 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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