MBS vs NAZ

Comparison between ANGEL OAK MORTGAGE-BACKED SECURITIES ETF (MBS, ETF) and Nuveen Arizona Quality Municipal Income Fund (NAZ, ETF).

MBS vs NAZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MBS(ETF)	NAZ(ETF)
Net Assets	$150M	$149M
Expense Ratio	0.49%	N/A
Max Drawdown	5.70%	48.77%
Sharpe Ratio	0.82	1.55
5Y Beta	0.01	0.11
5Y Dividends CAGR	N/A	8.31%

Net Assets

Winner

MBS

$150M

NAZ

$149M

Expense Ratio

MBS

0.49%

NAZ

N/A

Max Drawdown

Winner

MBS

5.70%

NAZ

48.77%

Sharpe Ratio

MBS

0.82

Winner

NAZ

1.55

5Y Beta

Winner

MBS

0.01

NAZ

0.11

5Y Dividends CAGR

MBS

N/A

NAZ

8.31%

MBS vs NAZ - Historical Returns

Returns include dividend reinvestment.

Period	MBS	NAZ
1 month	-0.27%	+5.62%
3 months	-1.12%	+10.28%
6 months	+0.90%	+14.48%
1 year	+5.89%	+23.28%
5 years(CAGR)	N/A	+1.53%
10 years(CAGR)	N/A	+2.93%
Max(CAGR)	+6.23%	+4.54%

MBS

-0.27%

Winner

NAZ

+5.62%

MBS

-1.12%

Winner

NAZ

+10.28%

MBS

+0.90%

Winner

NAZ

+14.48%

MBS

+5.89%

Winner

NAZ

+23.28%

5Y(CAGR)

MBS

N/A

NAZ

+1.53%

10Y(CAGR)

MBS

N/A

NAZ

+2.93%

Max(CAGR)

Winner

MBS

+6.23%

NAZ

+4.54%

MBS vs NAZ - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MBS	NAZ
2026	+0.46%	+15.00%
2025	+8.12%	+11.54%
2024	+5.78%	+12.88%
2023	N/A	-1.90%
2022	N/A	-27.11%
2021	N/A	+5.02%
2020	N/A	+22.04%
2019	N/A	+16.46%
2018	N/A	-12.82%
2017	N/A	+5.58%
2016	N/A	-3.17%
2015	N/A	+11.35%
2014	N/A	+25.72%
2013	N/A	-16.80%
2012	N/A	+14.38%
2011	N/A	+17.63%
2010	N/A	+3.58%
2009	N/A	+40.86%
2008	N/A	-22.86%
2007	N/A	-4.82%
2006	N/A	-0.29%
2005	N/A	-0.39%
2004	N/A	+0.02%
2003	N/A	+11.61%
2002	N/A	+0.75%
2001	N/A	+6.83%
2000	N/A	+15.21%
1999	N/A	-9.75%

MBS vs NAZ Drawdown Comparison

The maximum drawdown for MBS was -4.09%, occurring on Jan 13, 2025. Recovery took 133 trading sessions.

The maximum drawdown for NAZ was -38.28%, occurring on Oct 25, 2023. Recovery took 1109 trading sessions.

The current MBS drawdown is -1.68%.

Rank	MBS	NAZ
#1	-4.09% Sep 20, 2024 - Apr 3, 2025	-38.28% Nov 9, 2021 - Apr 14, 2026
#2	-2.82% Mar 11, 2024 - Jun 4, 2024	-34.81% Apr 1, 2004 - Sep 22, 2009
#3	-2.54% Apr 4, 2025 - Aug 1, 2025	-28.08% Jul 6, 2016 - Sep 1, 2020
#4	-2.20% Mar 2, 2026 - May 19, 2026	-27.21% Jan 28, 2013 - Jan 28, 2015
#5	-1.12% Jun 6, 2024 - Jun 14, 2024	-20.06% Oct 29, 2010 - Dec 30, 2011
#6	-0.85% Aug 5, 2024 - Aug 21, 2024	-13.78% Jul 11, 2002 - Jun 12, 2003
#7	-0.77% Jan 9, 2026 - Feb 5, 2026	-13.30% Jul 15, 2003 - Feb 2, 2004
#8	-0.75% Jun 25, 2024 - Jul 5, 2024	-11.33% Nov 4, 1999 - Dec 11, 2000
#9	-0.74% Oct 28, 2025 - Nov 28, 2025	-6.87% Jan 14, 2010 - Aug 12, 2010
#10	-0.65% Feb 20, 2024 - Feb 28, 2024	-6.81% Dec 4, 2020 - May 28, 2021
#11	-0.53% Nov 28, 2025 - Dec 26, 2025	-5.89% Oct 6, 2009 - Jan 6, 2010
#12	-0.48% Jul 8, 2024 - Jul 12, 2024	-4.81% Mar 5, 2002 - Apr 23, 2002
#13	-0.45% Jul 17, 2024 - Jul 29, 2024	-4.69% Oct 3, 2012 - Jan 9, 2013
#14	-0.40% Aug 21, 2024 - Aug 27, 2024	-4.65% Feb 2, 2015 - Apr 17, 2015
#15	-0.34% Sep 17, 2025 - Sep 30, 2025	-4.64% Mar 13, 2012 - Mar 21, 2012

Correlation

Correlation between MBS and NAZ is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2000 - 2026)

MBS vs NAZ dividend yield comparison.

Year	MBS	NAZ
2026	2.27%	2.46%
2025	5.28%	7.09%
2024	4.52%	6.20%
2023	0.00%	3.63%
2022	0.00%	5.01%
2021	0.00%	3.75%
2020	0.00%	3.52%
2019	0.00%	3.82%
2018	0.00%	4.52%
2017	0.00%	4.65%
2016	0.00%	5.53%
2015	0.00%	5.25%
2014	0.00%	5.53%
2013	0.00%	6.35%
2012	0.00%	5.01%
2011	0.00%	5.35%
2010	0.00%	5.76%
2009	0.00%	5.11%
2008	0.00%	6.72%
2007	0.00%	4.90%
2006	0.00%	4.62%
2005	0.00%	5.41%
2004	0.00%	5.95%
2003	0.00%	5.68%
2002	0.00%	5.93%
2001	0.00%	5.35%
2000	0.00%	2.21%