Angel Oak Mortgage-Backed Securities ETF (MBS)


Market Price (9/21/2026): $8.395

Angel Oak Mortgage-Backed Securities ETF (MBS)


Market Price (9/21/2026): $8.395

Key Takeaways

  • MBS has returned -1.1% YTD vs +12.3% for SPY, -1.7% for AGG; +0.7% over the past 12 months (SPY +15.7%, AGG -0.8%). details →
  • Over the past month, MBS has seen net inflows of +$53M (+27.5% of assets). details →
  • MBS yields 5.27% based on its trailing 12-month distributions.
  • Risk-adjusted returns beat AGG: 3-year Sharpe ratio of 0.3 vs 0.0. details →
Last updated: 9/20/2026.

Price Chart

Asset Allocation with MBS

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+11.8%
Volatility
10.3%
Sharpe
0.86
YTD
+8.6%
Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

Learn More →
Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance
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Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Top 20 Holdings for MBS

Total Weights
Top 5: 24.1% | Top 10: 35.2% | Top 20: 50.6%

HoldingETF Weight
01F0526A5Fannie Mae or Freddie Mac 5.5% 10/15/204110.55%
01F0506A9Fannie Mae or Freddie Mac 5% 10/15/20415.38%
01F0606A8Fannie Mae or Freddie Mac 6% 10/15/20413.09%
3140W7KU3Fannie Mae Pool 6% 05/01/20562.55%
3140MCA75Fannie Mae Pool 2% 02/01/20522.53%
67125HAB7OBX 2026-AHC4 Trust 5.5% 09/25/20562.50%
3140W6XW7Fannie Mae Pool 5% 06/01/20562.37%
3140W7SW1Fannie Mae Pool 3.5% 12/01/20522.24%
81743JCE8Sequoia Mortgage Trust 2023-4 5.5578% 11/25/20531.99%
73071MAA0Point Securitization Trust 2026-2 5.25% 07/25/20561.99%
89183WAB7Towd Point Mortgage Trust 4.5319% 07/20/20661.97%
04538QAK1Aspire Mortgage Trust 2026-5 6.3916% 08/25/20661.96%
3133KYWF2Freddie Mac Pool 2.5% 02/01/20421.63%
749384AA1RCKT Mortgage Trust 2021-5 2.5% 11/25/20511.55%
3133KJ3Y6Freddie Mac Pool 2.5% 09/01/20501.54%
36269MAF8GS Mortgage-Backed Securities Trust 2024-RPL2 4.1118% 07/25/20611.48%
31418D4G4Fannie Mae Pool 2% 09/01/20411.40%
69392FAA5PRET 2025-RPL1 Trust 4% 07/25/20691.34%
64832LAK9New Residential Mortgage Loan Trust 2026-NQM1 6.5738% 11/25/20651.34%
92538HAE0Verus Securitization Trust 2021-4 3.052% 07/25/20661.20%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MBS Return---6%8%-1%13%
Peers Return-1%-12%5%1%8%-1%-1%
S&P 500 Return27%-19%24%23%16%12%103%

Monthly Win Rates [3]
MBS Win Rate---73%75%44% 
Peers Win Rate31%25%42%58%78%67% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
MBS Max Drawdown-----3%-3% 
Peers Max Drawdown-2%-16%-9%-4%-3%-4% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: MBB, VMBS, SPMB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker1Y3Y5Y
MBS-0.330.300.30
Bond Top Results (3Y)   
USHY0.210.840.08
SHYG0.220.790.22
JNK0.230.750.01
HYG0.090.750.02
SPSB-0.810.54-0.46

Results as of 8312026.

Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

TickerNameDip %Mkt PricePrice DatePeak PricePeak Date# Days
QQEWFirst Trust Nasdaq-100 Select Equal Weight ETF-5.6%157.729202026167.03813202638
IJHiShares Core S&P Mid-Cap ETF-7.2%72.98920202678.67816202635
VOVanguard Mid-Cap ETF-5.3%80.00920202684.46816202635
IWRiShares Russell Mid-Cap ETF-5.8%108.219202026114.82816202635
MDYState Street SPDR S&P MIDCAP 400 ETF Trust-7.0%666.689202026716.91816202635
SCHMSchwab U.S. Mid-Cap ETF-5.5%34.85920202636.87630202682
IVOOVanguard S&P Mid-Cap 400 ETF-6.9%123.969202026133.08816202635
IJRiShares Core S&P Small-Cap ETF-7.7%138.909202026150.44816202635
VBVanguard Small-Cap ETF-6.4%289.619202026309.29816202635
IWMiShares Russell 2000 ETF-6.9%284.109202026305.09816202635
SCHASchwab U.S. Small-Cap ETF-7.4%33.44920202636.13630202682
VTWOVanguard Russell 2000 ETF-6.6%115.169202026123.31816202635
DFASDimensional U.S. Small Cap ETF-6.4%79.11920202684.48816202635
ESMLiShares ESG Aware MSCI USA Small-Cap ETF-6.5%52.95920202656.64816202635
NUSCNuveen ESG Small-Cap ETF-6.9%49.57920202653.27816202635
AKREAkre Focus ETF-10.0%55.69920202661.85830202621
IWPiShares Russell Mid-Cap Growth ETF-7.2%137.089202026147.70817202634
VOTVanguard Mid-Cap Growth ETF-6.9%292.259202026314.02816202635
IJKiShares S&P Mid-Cap 400 Growth ETF-7.8%109.819202026119.11817202634
MDYGState Street SPDR S&P 400 Mid Cap Growth ETF-7.7%104.949202026113.69817202634
IWOiShares Russell 2000 Growth ETF-8.5%362.099202026395.65816202635
VBKVanguard Small-Cap Growth ETF-7.6%338.369202026366.24817202634
IJTiShares S&P Small-Cap 600 Growth ETF-9.0%163.019202026179.07804202647
SLYGState Street SPDR S&P 600 Small Cap Growth ETF-8.7%109.089202026119.50804202647
IWSiShares Russell Mid-Cap Value ETF-5.3%164.189202026173.44816202635
IJJiShares S&P Mid-Cap 400 Value ETF-6.7%141.529202026151.67816202635
MDYVState Street SPDR S&P 400 Mid Cap Value ETF-6.2%91.40920202697.39816202635
VBRVanguard Small-Cap Value ETF-5.5%237.749202026251.66816202635
AVUVAvantis U.S. Small Cap Value ETF-5.3%121.969202026128.74804202647
IWNiShares Russell 2000 Value ETF-5.2%215.589202026227.43816202635
IJSiShares S&P Small-Cap 600 Value ETF-6.6%131.359202026140.68816202635
SLYVState Street SPDR S&P 600 Small Cap Value ETF-6.2%105.249202026112.22816202635
VIOVVanguard S&P Small-Cap 600 Value ETF-6.3%113.139202026120.76816202635
VGKVanguard FTSE Europe ETF-5.1%88.21920202692.96825202626
IEMGiShares Core MSCI Emerging Markets ETF-5.0%81.66920202686.00622202690
EEMiShares MSCI Emerging Markets ETF-5.9%67.03920202671.21622202690
ASHRXtrackers Harvest CSI 300 China A-Shares ETF-9.5%33.77920202637.30622202690
EWYiShares MSCI South Korea ETF-17.3%181.319202026219.20621202691
EWZiShares MSCI Brazil ETF-10.1%37.52920202641.734142026159
FXIiShares China Large-Cap ETF-10.3%34.32920202638.265132026130
ILFiShares Latin America 40 ETF-8.0%35.04920202638.104142026159
KWEBKraneShares CSI China Internet ETF-18.8%24.83920202630.595132026130
SDYState Street SPDR S&P Dividend ETF-5.3%150.789202026159.18824202627
NOBLProShares S&P 500 Dividend Aristocrats ETF-5.8%55.66920202659.07824202627
MTUMiShares MSCI USA Momentum Factor ETF-10.3%309.629202026345.22622202690
SPHQInvesco S&P 500 Quality ETF-6.8%83.93920202690.10630202682
FNDASchwab Fundamental U.S. Small Company ETF-7.1%35.79920202638.52816202635
SPMOInvesco S&P 500 Momentum ETF-7.7%149.219202026161.66622202690
URAGlobal X Uranium ETF-28.5%41.65920202658.265062026137
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-15.7%35.11920202641.635132026130
ROBOROBO Global Robotics & Automation Index ETF-13.1%78.50920202690.346022026110
LITGlobal X Lithium & Battery Tech ETF-23.1%70.50920202691.625112026132
ICLNiShares Global Clean Energy ETF-26.1%17.56920202623.756022026110
ARKQARK Autonomous Technology & Robotics ETF-15.0%122.209202026143.825282026115
ARKXARK Space & Defense Innovation ETF-14.9%32.12920202637.745282026115
NASATema Space Innovators ETF-42.9%23.94920202641.895272026116
AGIXKraneShares Artificial Intelligence ETF-5.8%46.55920202649.406012026111
DRSKAptus Defined Risk ETF-6.3%27.81920202629.676012026111
YYYAmplify CEF High Income ETF-6.3%10.83920202611.56712202670
GDEWisdomTree Efficient Gold Plus Equity Strategy Fund-6.3%66.78920202671.30825202626
XLIState Street Industrial Select Sector SPDR ETF-9.0%169.759202026186.51816202635
XLCState Street Communication Services Select Sector SPDR ETF-7.0%110.819202026119.104192026154
XLYState Street Consumer Discretionary Select Sector SPDR ETF-9.0%111.039202026122.065282026115
XLPState Street Consumer Staples Select Sector SPDR ETF-5.3%82.80920202687.45824202627
XLUState Street Utilities Select Sector SPDR ETF-12.8%41.10920202647.154092026164
XLBState Street Materials Select Sector SPDR ETF-6.9%49.99920202653.67826202625
IYJiShares U.S. Industrials ETF-8.3%155.729202026169.86804202647
IYMiShares U.S. Basic Materials ETF-7.2%182.379202026196.45825202626
SMHVanEck Semiconductor ETF-14.3%573.009202026668.91622202690
SOXXiShares Semiconductor ETF-18.6%533.079202026655.01622202690
IBBiShares Biotechnology ETF-5.7%204.569202026216.96819202632
XBIState Street SPDR S&P Biotech ETF-7.6%156.729202026169.55819202632
ITAiShares U.S. Aerospace & Defense ETF-15.6%213.849202026253.22816202635
IGViShares Expanded Tech-Software Sector ETF-5.4%104.359202026110.32827202624
IYTiShares U.S. Transportation ETF-10.8%80.27920202690.01716202666
IAIiShares U.S. Broker-Dealers & Securities Exchanges ETF-6.7%184.809202026198.06903202617
KREState Street SPDR S&P Regional Banking ETF-6.6%72.75920202677.93816202635
MISLFirst Trust Indxx Aerospace & Defense ETF-13.8%42.38920202649.195282026115
RINGiShares MSCI Global Gold Miners ETF-9.7%84.09920202693.17825202626
SOXQInvesco PHLX Semiconductor ETF-18.5%93.869202026115.11622202690
TLTiShares 20+ Year Treasury Bond ETF-6.4%81.25920202686.78629202683
VGLTVanguard Long-Term Treasury ETF-5.5%52.07920202655.12629202683
SPTLState Street SPDR Portfolio Long Term Treasury ETF-5.9%24.77920202626.33629202683
TLHiShares 10-20 Year Treasury Bond ETF-5.4%95.169202026100.56629202683
EDVVanguard World Funds Extended Duration ETF-8.9%59.63920202665.43624202688
SPLBState Street SPDR Portfolio Long Term Corporate Bond ETF-5.4%21.19920202622.40629202683
IGLBiShares 10+ Year Investment Grade Corporate Bond ETF-5.2%47.44920202650.05629202683
LMUBiShares Long-Term National Muni Bond ETF-6.5%47.67920202651.00705202677
GSGiShares GSCI Commodity-5.4%30.01920202631.723222026182
GLDSPDR Gold Trust-10.0%401.179202026445.934192026154
IAUiShares Gold Trust-10.0%82.23920202691.344192026154
GLDMSPDR Gold MiniShares Trust-9.8%86.59920202696.044192026154
SLViShares Silver Trust-24.5%59.93920202679.355132026130
PPLTETFS Physical Platinum Shares-16.6%16.31920202619.555132026130
PALLETFS Physical Palladium Shares-18.0%23.69920202628.894142026159
UNGUnited States Natural Gas Fund LP-16.0%10.41920202612.393222026182
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85920202660.135042026139
VNQVanguard Real Estate ETF-8.0%92.919202026100.95728202654
XLREState Street Real Estate Select Sector SPDR ETF-7.6%42.53920202646.01728202654
SCHHSchwab U.S. REIT ETF-8.5%22.74920202624.86726202656
IYRiShares U.S. Real Estate ETF-8.6%98.009202026107.26728202654
REETiShares Global REIT ETF-9.2%26.22920202628.89726202656
USRTiShares Core U.S. REIT ETF-10.1%62.80920202669.82726202656

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-09-18

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$34.5B), followed by Bond (+$13.2B), while Real Estate (−$278M) saw the largest outflows.
  • Within the mix, money rotated into US Total Market (+$10.0B) and out of US Large Cap Core (−$11.7B).
  • Relative to fund size, CNEQ drew the largest inflow (+48.1% of AUM) and XOVR the largest outflow (−27.5%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core+$53.06B+5.0%
2VTIVanguard Morningstar Total Stock Market ETFEquity US Total Market+$9.94B+1.4%
3SPMOInvesco S&P 500 Momentum ETFEquity Factor Smart Beta+$6.94B+31.2%
4SGOViShares 0-3 Month Treasury Bond ETFCash+$6.43B+6.0%
5VUGVanguard Morningstar Growth ETFEquity US Large Growth+$4.56B+2.0%
6VGSHVanguard Short-Term Treasury ETFBond Short Treasury+$4.38B+12.6%
7VOVanguard Morningstar Mid-Cap ETFEquity US Mid Cap Core+$4.22B+3.9%
8VFLOVictoryShares Free Cash Flow ETFOther+$3.58B+32.4%
9SOXXiShares Semiconductor ETFEquity Industry Subsector+$3.18B+7.5%
10SCHDSchwab U.S. Dividend Equity ETFEquity Dividend Income+$3.09B+2.8%
Largest outflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core-$43.24B-5.0%
2SPYState Street SPDR S&P 500 ETFEquity US Large Cap Core-$24.87B-3.1%
3QQQInvesco QQQ Trust, Series 1Equity US Nasdaq Growth-$6.68B-1.4%
4LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate-$4.83B-16.2%
5XLFState Street Financial Select Sector SPDR ETFEquity Broad Sector-$2.99B-5.5%
6VGITVanguard Intermediate-Term Treasury ETFBond Intermediate Treasury-$2.75B-6.9%
7DRAMRoundhill Memory ETFOther-$2.3B-8.9%
8GOVTiShares U.S. Treasury Bond ETFBond Intermediate Treasury-$2.22B-5.3%
9EWYiShares MSCI South Korea ETFEquity Emerging Markets-$1.97B-7.2%
10IWMiShares Russell 2000 ETFEquity US Small Cap Core-$1.73B-2.2%

Largest ETF fund flows across ~2632 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About MBS

0Holdings Count: 140
Expense Ratio: 0.79%
Inception Date: 2024-02-16
Angel Oak Mortgage-Backed Securities ETF
The Angel Oak Mortgage-Backed Securities ETF (Fund) is designed to pinpoint the most favorable risk-adjusted opportunities available in the fixed income market. Its objective is to deliver a combination of consistent income generation and potential for capital appreciation. The Fund's investment strategy focuses on providing access to residential mortgage-backed securities (RMBS), predominantly through allocations to both agency and non-agency RMBS instruments.
Asset Class: Fixed Income | ETF Website

Recent Active Movers

Peer Comparisons

Peers to compare with:

Profile

MBSMBBVMBSSPMBMedian
NameAngel Oak .iShares MB.Vanguard M.State Stre. 
Asset ClassBondBondBondBond-
AUM ($ Bil)0.238.917.37.012.2
Expense Ratio0.79%0.04%0.03%0.04%0.04%
10-D Avg Volume (Mil)0.132.261.361.211.29
Latest Day Volume (Mil)0.002.530.700.520.61
Holdings Count14011,2093442,7641,554
Inception Date2/16/20243/12/200711/19/20091/15/2009-

Fundamentals

MBSMBBVMBSSPMBMedian
NameAngel Oak .iShares MB.Vanguard M.State Stre. 
Net Asset Value8.3991.3745.2421.60-
Premium/Discount-0.1%-0.1%0.0%-0.1%-0.1%
Distribution Yield5.7%4.4%4.3%4.2%4.4%
Sales Yield-----
Earnings Yield-----

Valuation

MBSMBBVMBSSPMBMedian
NameAngel Oak .iShares MB.Vanguard M.State Stre. 
P/S (TTM)-----
P/E (TTM)-----
P/FCF (TTM)-----
Forward P/E-----
Forward P/S-----

Risk

MBSMBBVMBSSPMBMedian
NameAngel Oak .iShares MB.Vanguard M.State Stre. 
Volatility (1Y)3.1%4.5%4.4%4.3%4.3%
Volatility (3Y)4.0%6.1%6.0%6.0%6.0%
Volatility (5Y)4.0%6.9%6.8%6.8%6.8%
Beta (1Y)0.060.140.130.130.13
Beta (3Y)0.020.080.080.080.08
Beta (5Y)0.020.090.090.090.09
Sharpe Ratio (1Y)0.17-0.110.04-0.10-0.03
Sharpe Ratio (3Y)1.220.690.740.690.72
Sharpe Ratio (5Y)1.22-0.000.04-0.000.02
Max Drawdown (1Y)-3.3%-3.9%-3.1%-3.9%-3.6%
Max Drawdown (3Y)-4.1%-5.4%-5.5%-5.5%-5.5%
Max Drawdown (5Y)-4.1%-17.1%-16.8%-17.3%-17.0%

Returns

MBSMBBVMBSSPMBMedian
NameAngel Oak .iShares MB.Vanguard M.State Stre. 
1M Return-2.3%-2.4%-2.1%-2.3%-2.3%
3M Return-1.9%-2.7%-2.1%-2.6%-2.4%
6M Return-2.1%-2.3%-1.6%-2.1%-2.1%
YTD Return-1.1%-1.7%-1.2%-1.6%-1.4%
1Y Return0.5%-0.5%0.1%-0.5%-0.2%
2Y Return4.0%2.5%3.7%2.5%3.1%
3Y Return-12.9%13.9%12.9%12.9%

Short Interest

Short Interest: As Of Date8312026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 815202637.1%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest1