Angel Oak Mortgage-Backed Securities ETF (MBS) Performance
MBS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −1.1% since Dec 31, 2025
- 1 year
- −0.9% total return
- Since first price
- +13.1% since 2024
MBS trailing returns vs AGG, TLT, SPY
| Period | MBS total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −0.1% | −0.5% | +0.9% | +1.5% | −1.0% |
| 3 months | −1.6% | −2.9% | −0.4% | −1.0% | +3.2% |
| 6 months | −2.3% | −4.9% | −1.5% | −3.8% | +7.8% |
| YTD | −1.1% | −5.0% | −1.0% | −3.4% | +12.3% |
| 1 year | −0.9% | −6.1% | −1.1% | −6.9% | +14.4% |
| Since inceptionFeb 20, 2024 | +13.1% | −1.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MBS vs AGG
From Feb 20, 2024: MBS grew to $11,310, AGG to $10,950.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MBS returns by calendar year
1 of 1 full years positive. Best 2025 (+8.1%), worst 2025 (+8.1%). 2026 is year to date.
MBS annual returns table
| Year | MBS | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −1.1% | −4.9% | −1.0% | −3.4% | +12.3% |
| 2025 | +8.1% | −2.5% | +7.2% | +4.3% | +17.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MBS risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +4.2% |
| Volatility (annualized) | 5.0% |
| Sharpe ratio | 0.00 |
| Sortino ratio | 0.00 |
| Best month | +2.5% |
| Worst month | −3.2% |
| Best 12 months | +10.1% |
| Worst 12 months | −1.2% |
| Positive months | 68% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MBS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 21 | −1.2% | +6.7% | +10.1% | 90% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
MBS performance overview
Angel Oak Mortgage-Backed Securities ETF (MBS) returned −0.9% over the past year, with distributions reinvested. Since its first recorded price on Feb 20, 2024 it has returned +13.1%. Over the same year U.S. bonds (AGG) returned −1.1%.
Related: MBS chart, MBS dividends, MBS bond profile. See the MBS overview for the latest quote and fund facts.
MBS performance FAQ
What is the MBS return over the past year?
MBS returned −0.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 6.1%.
How much would $10,000 invested in MBS be worth?
$10,000 invested in MBS at its first recorded close on February 20, 2024 would be worth about $11,310 on October 23, 2026 with distributions reinvested.
How volatile is MBS?
Over the past history MBS had an annualized volatility of 5.0% and a Sharpe ratio of 0.00 (excess return over 1–3 month T-bills per unit of risk).