IAG vs. MBS
IAG (IAMGOLD Corporation) 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, IAG returned 123.80% vs 6.88% for MBS. At a 0.17 correlation, their price movements are largely independent.
Performance
IAG vs. MBS - Performance Comparison
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Returns By Period
In the year-to-date period, IAG achieves a 2.06% return, which is significantly higher than MBS's 0.62% return.
IAG
- 1D
- -3.77%
- 1M
- 3.19%
- YTD
- 2.06%
- 6M
- 11.98%
- 1Y
- 123.80%
- 3Y*
- 80.96%
- 5Y*
- 35.39%
- 10Y*
- 16.17%
MBS
- 1D
- -0.29%
- 1M
- -0.22%
- YTD
- 0.62%
- 6M
- 0.84%
- 1Y
- 6.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAG vs. MBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IAG IAMGOLD Corporation | 2.06% | 219.57% | 100.78% |
MBS Angel Oak Mortgage-Backed Securities ETF | 0.62% | 8.13% | 5.78% |
Correlation
The correlation between IAG and MBS is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2024 | 0.17 |
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Return for Risk
IAG vs. MBS — Risk / Return Rank
IAG
MBS
IAG vs. MBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IAMGOLD Corporation (IAG) 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.
| IAG | MBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.45 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 3.14 | +0.46 |
| Martin ratioReturn relative to average drawdown | 8.46 | 9.89 | -1.44 |
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
| IAG | MBS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 2.36 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 1.60 | -1.49 |
Drawdowns
IAG vs. MBS - Drawdown Comparison
The maximum IAG drawdown since its inception was -95.55%, which is greater than MBS's maximum drawdown of -4.09%. Use the drawdown chart below to compare losses from any high point for IAG and MBS.
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Drawdown Indicators
| IAG | MBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.55% | -4.09% | -91.46% |
Max Drawdown (1Y)Largest decline over 1 year | -34.60% | -2.20% | -32.40% |
Max Drawdown (3Y)Largest decline over 3 years | -34.60% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -74.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -86.46% | — | — |
Current DrawdownCurrent decline from peak | -31.50% | -1.46% | -30.04% |
Average DrawdownAverage peak-to-trough decline | -56.22% | -1.02% | -55.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.70% | 0.70% | +14.00% |
Volatility
IAG vs. MBS - Volatility Comparison
IAMGOLD Corporation (IAG) has a higher volatility of 19.64% compared to Angel Oak Mortgage-Backed Securities ETF (MBS) at 0.90%. This indicates that IAG'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
| IAG | MBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.64% | 0.90% | +18.74% |
Volatility (6M)Calculated over the trailing 6-month period | 47.15% | 2.00% | +45.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.49% | 2.93% | +57.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.24% | 3.99% | +56.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.52% | 3.99% | +54.53% |
Dividends
IAG vs. MBS - Dividend Comparison
IAG has not paid dividends to shareholders, while MBS's dividend yield for the trailing twelve months is around 5.61%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IAG IAMGOLD Corporation | 0.00% | 0.00% | 0.00% |
MBS Angel Oak Mortgage-Backed Securities ETF | 5.61% | 5.28% | 4.52% |
Frequently Asked Questions
IAG and MBS have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAG has higher volatility (19.64%) compared to MBS (0.90%). In terms of maximum drawdown, IAG dropped -95.55% vs MBS's -4.09%.
MBS currently has the higher Sharpe Ratio (2.36 vs 2.06), 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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