WCPB vs. MBS
WCPB (Weitz Core Plus Bond ETF) and MBS (Angel Oak Mortgage-Backed Securities ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Their 0.64 correlation means they have sometimes moved together and sometimes differently. WCPB charges 0.45%/yr vs 0.49%/yr for MBS.
Performance
WCPB vs. MBS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WCPB achieves a 0.71% return, which is significantly higher than MBS's 0.67% return.
WCPB
- 1D
- -0.38%
- 1M
- -1.26%
- 6M
- 0.12%
- YTD
- 0.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MBS
- 1D
- -0.06%
- 1M
- -0.98%
- 6M
- 0.29%
- YTD
- 0.67%
- 1Y
- 5.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $305.70K | $313.02K | $415.12K | |
| $2.08M | $1.78M | $1.23M |
WCPB vs. MBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WCPB Weitz Core Plus Bond ETF | 0.71% | 3.01% |
MBS Angel Oak Mortgage-Backed Securities ETF | 0.67% | 3.61% |
Correlation
The correlation between WCPB and MBS is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 13, 2025 | 0.64 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WCPB vs. MBS — Risk / Return Rank
WCPB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MBS
WCPB vs. MBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Weitz Core Plus Bond ETF (WCPB) 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.
| WCPB | MBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.32 | — |
| Martin ratioReturn relative to average drawdown | — | 6.23 | — |
Loading charts...
Drawdowns
WCPB vs. MBS - Drawdown Comparison
The maximum WCPB drawdown since its inception was -2.64%, smaller than the maximum MBS drawdown of -4.09%. Use the drawdown chart below to compare losses from any high point for WCPB and MBS.
Loading charts...
Drawdown Indicators
| WCPB | MBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.64% | -4.09% | +1.45% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.20% | — |
Current DrawdownCurrent decline from peak | -1.26% | -1.41% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -0.58% | -1.02% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.82% | — |
Volatility
WCPB vs. MBS - Volatility Comparison
Loading charts...
Volatility by Period
| WCPB | MBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.54% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 2.75% | +1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.86% | 3.91% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.86% | 3.91% | -0.05% |
WCPB vs. MBS - Expense Ratio Comparison
WCPB has a 0.45% expense ratio, which is lower than MBS's 0.49% expense ratio.
Dividends
WCPB vs. MBS - Dividend Comparison
WCPB's dividend yield for the trailing twelve months is around 3.60%, less than MBS's 5.69% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MBS Angel Oak Mortgage-Backed Securities ETF | 5.69% | 5.28% | 4.52% |
WCPB Weitz Core Plus Bond ETF | 3.60% | 1.19% | 0.00% |
Frequently Asked Questions
WCPB and MBS have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WCPB is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WCPB is cheaper with a 0.45% expense ratio, compared with 0.49% for MBS.
MBS has the higher dividend yield at 5.69%, compared with 3.60% for WCPB.
They also come from different issuers: Weitz and Angel Oak. Their fees differ too: 0.45% for WCPB and 0.49% for MBS.
Find the right allocation for WCPB and MBS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer