MBS vs. IAG
MBS (Angel Oak Mortgage-Backed Securities ETF) is Intermediate Core-Plus Bond fund actively managed by Angel Oak, while IAG (IAMGOLD Corporation) is a stock. Over the past year, MBS returned 6.88% vs 107.81% for IAG. At a 0.18 correlation, their price movements are largely independent.
Performance
MBS vs. IAG - Performance Comparison
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Returns By Period
In the year-to-date period, MBS achieves a 0.51% return, which is significantly higher than IAG's -6.37% return.
MBS
- 1D
- 0.00%
- 1M
- -0.62%
- YTD
- 0.51%
- 6M
- 1.07%
- 1Y
- 6.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAG
- 1D
- -1.03%
- 1M
- -17.43%
- YTD
- -6.37%
- 6M
- 1.71%
- 1Y
- 107.81%
- 3Y*
- 74.02%
- 5Y*
- 32.43%
- 10Y*
- 14.81%
MBS vs. IAG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MBS Angel Oak Mortgage-Backed Securities ETF | 0.51% | 8.13% | 5.84% |
IAG IAMGOLD Corporation | -6.37% | 219.57% | 100.78% |
Correlation
The correlation between MBS and IAG is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2024 | 0.18 |
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Return for Risk
MBS vs. IAG — Risk / Return Rank
MBS
IAG
MBS vs. IAG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak Mortgage-Backed Securities ETF (MBS) and IAMGOLD Corporation (IAG). 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.
| MBS | IAG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.29 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 2.91 | +0.23 |
| Martin ratioReturn relative to average drawdown | 9.57 | 7.07 | +2.51 |
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
| MBS | IAG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.44 | 1.77 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.54 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.58 | 0.10 | +1.48 |
Drawdowns
MBS vs. IAG - Drawdown Comparison
The maximum MBS drawdown since its inception was -4.09%, smaller than the maximum IAG drawdown of -95.55%. Use the drawdown chart below to compare losses from any high point for MBS and IAG.
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Drawdown Indicators
| MBS | IAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.09% | -95.55% | +91.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.20% | -37.24% | +35.04% |
Max Drawdown (3Y)Largest decline over 3 years | — | -37.24% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.69% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.46% | — |
Current DrawdownCurrent decline from peak | -1.58% | -37.16% | +35.58% |
Average DrawdownAverage peak-to-trough decline | -1.02% | -56.19% | +55.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 15.32% | -14.60% |
Volatility
MBS vs. IAG - Volatility Comparison
The current volatility for Angel Oak Mortgage-Backed Securities ETF (MBS) is 0.88%, while IAMGOLD Corporation (IAG) has a volatility of 18.10%. This indicates that MBS experiences smaller price fluctuations and is considered to be less risky than IAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MBS | IAG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 18.10% | -17.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.01% | 48.39% | -46.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.84% | 61.28% | -58.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.98% | 60.43% | -56.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.98% | 58.59% | -54.61% |
Dividends
MBS vs. IAG - Dividend Comparison
MBS's dividend yield for the trailing twelve months is around 5.62%, while IAG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IAG IAMGOLD Corporation | 0.00% | 0.00% | 0.00% |
MBS Angel Oak Mortgage-Backed Securities ETF | 5.62% | 5.28% | 4.52% |
Frequently Asked Questions
MBS and IAG have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAG has higher volatility (18.10%) compared to MBS (0.88%). In terms of maximum drawdown, MBS dropped -4.09% vs IAG's -95.55%.
MBS currently has the higher Sharpe Ratio (2.44 vs 1.77), 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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