MBS vs SPYT
Comparison between ANGEL OAK MORTGAGE-BACKED SECURITIES ETF (MBS, ETF) and DEFIANCE S&P 500 INCOME TARGET ETF (SPYT, ETF).
MBS vs SPYT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
MBS vs SPYT - Holdings Comparison
MBS and SPYT have 0 common holdings. Overlap is 0.00%
MBS's top 25 holdings weight is 69.04%. SPYT's top 25 holdings weight is 100.22%.
| Rank | MBS | SPYT |
|---|---|---|
| #1 | FEDERAL HOME LOAN MORTGAGE CORP. 2.5% (n/a) - 6.34% | ISHARES CORE S&P 500 ETF (IVV) - 99.93% |
| #2 | FEDERAL HOME LOAN MORTGAGE CORP. 5% (n/a) - 6.33% | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.29% |
| #3 | FEDERAL NATIONAL MORTGAGE ASSOCIATION 2% (n/a) - 5.59% | N/A |
| #4 | FEDERAL NATIONAL MORTGAGE ASSOCIATION 3% (n/a) - 5.22% | N/A |
| #5 | CASH OFFSET (n/a) - 4.86% | N/A |
| #6 | FEDERAL HOME LOAN MORTGAGE CORP. 6% (n/a) - 4.06% | N/A |
| #7 | FEDERAL HOME LOAN MORTGAGE CORP. 5.5% (n/a) - 4.01% | N/A |
| #8 | FEDERAL HOME LOAN MORTGAGE CORP. 2% (n/a) - 3.25% | N/A |
| #9 | JP MORGAN MORTGAGE TRUST 2.5% (n/a) - 2.62% | N/A |
| #10 | FEDERAL NATIONAL MORTGAGE ASSOCIATION 5% (n/a) - 2.58% | N/A |
| #11 | PRET 2025-RPL1 TRUST 4% (n/a) - 2.48% | N/A |
| #12 | FIRST AMERICAN GOVERNMENT OBLIGS U (FGUXX) - 2.36% | N/A |
| #13 | FEDERAL HOME LOAN MORTGAGE CORP. 3% (n/a) - 2.27% | N/A |
| #14 | FIGRE TR 2025-HE5 FRN 6.36% (n/a) - 1.96% | N/A |
| #15 | FEDERAL NATIONAL MORTGAGE ASSOCIATION 4% (n/a) - 1.87% | N/A |
| #16 | PRPM LLC 2025-RCF1 4.5% (n/a) - 1.75% | N/A |
| #17 | n/a (n/a) - 1.61% | N/A |
| #18 | FIGRE TR 2025-HE1 6.59% (n/a) - 1.37% | N/A |
| #19 | n/a (n/a) - 1.33% | N/A |
| #20 | n/a (n/a) - 1.28% | N/A |
| #21 | PRET 2025-RPL2 TRUST 4% (n/a) - 1.26% | N/A |
| #22 | SG RESIDENTIAL MORTGAGE TRUST 1.56% (n/a) - 1.21% | N/A |
| #23 | COLT 2022-3 MORTGAGE LOAN TRUST 4.2% (n/a) - 1.16% | N/A |
| #24 | n/a (n/a) - 1.16% | N/A |
| #25 | MFA 2021-INV2 TRUST 3.2% (n/a) - 1.11% | N/A |
| Total Holdings | 70 | 2 |
MBS vs SPYT - Historical Returns
Returns include dividend reinvestment.
MBS vs SPYT - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | MBS | SPYT |
|---|---|---|
| 2026 | +0.46% | +7.07% |
| 2025 | +8.12% | +12.75% |
| 2024 | +5.78% | +12.97% |
MBS vs SPYT Drawdown Comparison
The maximum drawdown for MBS was -4.09%, occurring on Jan 13, 2025. Recovery took 133 trading sessions.
The maximum drawdown for SPYT was -18.22%, occurring on Apr 8, 2025. Recovery took 92 trading sessions.
The current MBS drawdown is -1.68%. The current SPYT drawdown is -2.81%.
| Rank | MBS | SPYT |
|---|---|---|
| #1 | -4.09% Sep 20, 2024 - Apr 3, 2025 | -18.22% Feb 19, 2025 - Jul 2, 2025 |
| #2 | -2.82% Mar 11, 2024 - Jun 4, 2024 | -8.17% Jul 16, 2024 - Sep 19, 2024 |
| #3 | -2.54% Apr 4, 2025 - Aug 1, 2025 | -8.00% Feb 2, 2026 - Apr 14, 2026 |
| #4 | -2.20% Mar 2, 2026 - May 19, 2026 | -4.84% Oct 28, 2025 - Jan 6, 2026 |
| #5 | -1.12% Jun 6, 2024 - Jun 14, 2024 | -4.77% Mar 27, 2024 - May 14, 2024 |
| #6 | -0.85% Aug 5, 2024 - Aug 21, 2024 | -4.11% Dec 6, 2024 - Feb 18, 2025 |
| #7 | -0.77% Jan 9, 2026 - Feb 5, 2026 | -2.81% Jun 2, 2026 - Jun 5, 2026 |
| #8 | -0.75% Jun 25, 2024 - Jul 5, 2024 | -2.79% Oct 8, 2025 - Oct 24, 2025 |
| #9 | -0.74% Oct 28, 2025 - Nov 28, 2025 | -2.36% Jan 12, 2026 - Jan 27, 2026 |
| #10 | -0.65% Feb 20, 2024 - Feb 28, 2024 | -2.34% Oct 14, 2024 - Nov 6, 2024 |
| #11 | -0.53% Nov 28, 2025 - Dec 26, 2025 | -2.02% Jul 28, 2025 - Aug 8, 2025 |
| #12 | -0.48% Jul 8, 2024 - Jul 12, 2024 | -1.79% May 14, 2026 - May 26, 2026 |
| #13 | -0.45% Jul 17, 2024 - Jul 29, 2024 | -1.73% Nov 8, 2024 - Nov 26, 2024 |
| #14 | -0.40% Aug 21, 2024 - Aug 27, 2024 | -1.20% May 21, 2024 - Jun 5, 2024 |
| #15 | -0.34% Sep 17, 2025 - Sep 30, 2025 | -1.19% Aug 28, 2025 - Sep 10, 2025 |
Correlation
Correlation between MBS and SPYT is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2024 - 2026)
MBS vs SPYT dividend yield comparison.
| Year | MBS | SPYT |
|---|---|---|
| 2026 | 2.27% | 8.34% |
| 2025 | 5.28% | 21.40% |
| 2024 | 4.52% | 17.37% |
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