MBSX vs. AIS

Last updated Jun 5, 2026

MBSX (Regan Fixed Rate MBS ETF) and AIS (VistaShares Artificial Intelligence Supercycle ETF) are both exchange-traded funds - MBSX is a Mortgage Backed Securities fund actively managed by Regan, while AIS is a Technology Equities fund actively managed by VistaShares. Both are actively managed. Over the past year, MBSX returned 4.56% vs 213.72% for AIS. At a correlation of -0.09, they often move in opposite directions. MBSX charges 0.40%/yr vs 0.75%/yr for AIS.

Performance

MBSX vs. AIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Regan Fixed Rate MBS ETF (MBSX) and VistaShares Artificial Intelligence Supercycle ETF (AIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MBSX achieves a -1.98% return, which is significantly lower than AIS's 112.47% return.

MBSX

• 1D: -7.71%
• 1M: -4.80%
• YTD: -1.98%
• 6M: -1.53%
• 1Y: 4.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIS

• 1D: -2.81%
• 1M: 25.92%
• YTD: 112.47%
• 6M: 116.72%
• 1Y: 213.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MBSX vs. AIS - Yearly Performance Comparison

	2026 (YTD)	2025
MBSX Regan Fixed Rate MBS ETF	-1.98%	8.23%
AIS VistaShares Artificial Intelligence Supercycle ETF	112.47%	72.50%

Correlation

The correlation between MBSX and AIS is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (All Time) Calculated using the full available price history since May 2, 2025	-0.09

Return for Risk

MBSX vs. AIS — Risk / Return Rank

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

MBSX

MBSX Risk / Return Rank: 13
MBSX Sharpe Ratio Rank: 10
MBSX Sortino Ratio Rank: 13
MBSX Omega Ratio Rank: 17
MBSX Calmar Ratio Rank: 11
MBSX Martin Ratio Rank: 12

AIS

AIS Risk / Return Rank: 97
AIS Sharpe Ratio Rank: 98
AIS Sortino Ratio Rank: 96
AIS Omega Ratio Rank: 96
AIS Calmar Ratio Rank: 98
AIS Martin Ratio Rank: 97

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.

MBSX vs. AIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Regan Fixed Rate MBS ETF (MBSX) and VistaShares Artificial Intelligence Supercycle ETF (AIS). 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.

	MBSX	AIS	Difference
Sharpe ratio: Return per unit of total volatility	0.08	5.96	-5.87
Sortino ratio: Return per unit of downside risk	0.51	5.55	-5.04
Omega ratio: Gain probability vs. loss probability	1.10	1.76	-0.66
Calmar ratio: Return relative to maximum drawdown	0.17	13.58	-13.41
Martin ratio: Return relative to average drawdown	0.67	44.68	-44.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MBSX vs. AIS - Sharpe Ratio Comparison

The current MBSX Sharpe Ratio is 0.08, which is lower than the AIS Sharpe Ratio of 5.96. The chart below compares the historical Sharpe Ratios of MBSX and AIS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MBSX	AIS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.08	5.96	-5.87
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	3.11	-3.01

Drawdowns

MBSX vs. AIS - Drawdown Comparison

The maximum MBSX drawdown since its inception was -27.57%, smaller than the maximum AIS drawdown of -32.78%. Use the drawdown chart below to compare losses from any high point for MBSX and AIS.

Drawdown Indicators

	MBSX	AIS	Difference
Max Drawdown Largest peak-to-trough decline	-27.57%	-32.78%	+5.21%
Max Drawdown (1Y) Largest decline over 1 year	-27.57%	-15.84%	-11.73%
Current Drawdown Current decline from peak	-26.68%	-2.81%	-23.87%
Average Drawdown Average peak-to-trough decline	-6.10%	-5.44%	-0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.85%	4.81%	+2.04%

Volatility

MBSX vs. AIS - Volatility Comparison

Regan Fixed Rate MBS ETF (MBSX) has a higher volatility of 42.25% compared to VistaShares Artificial Intelligence Supercycle ETF (AIS) at 16.28%. This indicates that MBSX's price experiences larger fluctuations and is considered to be riskier than AIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MBSX	AIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	42.25%	16.28%	+25.97%
Volatility (6M) Calculated over the trailing 6-month period	51.45%	30.16%	+21.29%
Volatility (1Y) Calculated over the trailing 1-year period	53.97%	36.13%	+17.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.11%	38.08%	+17.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.11%	38.08%	+17.03%

MBSX vs. AIS - Expense Ratio Comparison

MBSX has a 0.40% expense ratio, which is lower than AIS's 0.75% expense ratio.

Dividends

MBSX vs. AIS - Dividend Comparison

MBSX's dividend yield for the trailing twelve months is around 3.64%, while AIS has not paid dividends to shareholders.

Position	TTM	2025
AIS VistaShares Artificial Intelligence Supercycle ETF	0.00%	0.00%
MBSX Regan Fixed Rate MBS ETF	3.64%	2.77%

Frequently Asked Questions

Can I hold both MBSX and AIS in my portfolio?

MBSX and AIS have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MBSX or AIS?

MBSX has higher volatility (42.25%) compared to AIS (16.28%). In terms of maximum drawdown, MBSX dropped -27.57% vs AIS's -32.78%.

Which ETF is better, MBSX or AIS?

On 1-year performance, AIS leads with 213.72% vs 4.56% for MBSX. On fees, MBSX is cheaper at 0.40% per year. On volatility, AIS has been the lower-risk option at 16.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MBSX or AIS?

Over the 1-year period, AIS has performed better with a 213.72% return vs 4.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MBSX or AIS?

MBSX is cheaper with a 0.40% expense ratio, compared with 0.75% for AIS.

Which ETF pays a higher dividend yield, MBSX or AIS?

MBSX has the higher dividend yield at 3.64%, compared with 0.00% for AIS.

What is the main difference between MBSX and AIS?

MBSX is categorized as Mortgage Backed Securities, while AIS is Technology Equities. They also come from different issuers: Regan and VistaShares. Their fees differ too: 0.40% for MBSX and 0.75% for AIS.

Which has better risk-adjusted returns?

AIS currently has the higher Sharpe Ratio (5.96 vs 0.08), 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.