SPBU vs MBS
Comparison between ALLIANZIM BUFFER15 UNCAPPED ALLOCATION ETF (SPBU, ETF) and ANGEL OAK MORTGAGE-BACKED SECURITIES ETF (MBS, ETF).
SPBU vs MBS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SPBU
$149M
Winner
MBS
$150M
Expense Ratio
SPBU
0.79%
Winner
MBS
0.49%
Max Drawdown
SPBU
8.30%
Winner
MBS
5.70%
Sharpe Ratio
Winner
SPBU
1.45
MBS
0.82
5Y Beta
SPBU
0.62
Winner
MBS
0.01
SPBU vs MBS - Holdings Comparison
SPBU and MBS have 0 common holdings. Overlap is 0.00%
SPBU's top 25 holdings weight is 100.00%. MBS's top 25 holdings weight is 69.04%.
| Rank | SPBU | MBS |
|---|---|---|
| #1 | ALLIANZIM U.S. EQUITY BUFFER15 UNCJUNETF (JNEU) - 8.45% | FEDERAL HOME LOAN MORTGAGE CORP. 2.5% (n/a) - 6.34% |
| #2 | ALLIANZIM US EQUITY BUFFER15 UNC MAY ETF (MAYU) - 8.42% | FEDERAL HOME LOAN MORTGAGE CORP. 5% (n/a) - 6.33% |
| #3 | ALLIANZIM U.S. EQUITY BUFFER15 UNCJULETF (JULU) - 8.38% | FEDERAL NATIONAL MORTGAGE ASSOCIATION 2% (n/a) - 5.59% |
| #4 | ALLIANZIM U.S. EQUITY BUFFER15 UNCAUGETF (AUGU) - 8.37% | FEDERAL NATIONAL MORTGAGE ASSOCIATION 3% (n/a) - 5.22% |
| #5 | ALLIANZIM U.S. EQUITY BUFFER15 UNCSEPETF (SEPU) - 8.34% | CASH OFFSET (n/a) - 4.86% |
| #6 | ALLIANZIM U.S. EQUITY BUFFER15 UNCNOVETF (NVBU) - 8.32% | FEDERAL HOME LOAN MORTGAGE CORP. 6% (n/a) - 4.06% |
| #7 | ALLIANZIM U.S. EQUITY BUFFER15 UNCJANETF (JANU) - 8.32% | FEDERAL HOME LOAN MORTGAGE CORP. 5.5% (n/a) - 4.01% |
| #8 | ALLIANZIM U.S. EQUITY BUFFER15 UNCFEBETF (FEBU) - 8.31% | FEDERAL HOME LOAN MORTGAGE CORP. 2% (n/a) - 3.25% |
| #9 | ALLIANZIM U.S. EQUITY BUFFER15 UNCOCTETF (OCTU) - 8.31% | JP MORGAN MORTGAGE TRUST 2.5% (n/a) - 2.62% |
| #10 | ALLIANZIM U.S. EQUITY BUFFER15 UNCMARETF (MARU) - 8.29% | FEDERAL NATIONAL MORTGAGE ASSOCIATION 5% (n/a) - 2.58% |
| #11 | ALLIANZIM U.S. EQUITY BUFFER15 UNCDECETF (DECU) - 8.27% | PRET 2025-RPL1 TRUST 4% (n/a) - 2.48% |
| #12 | ALLIANZIM U.S. EQUITY BUFFER15 UNCAPRETF (ARLU) - 8.22% | FIRST AMERICAN GOVERNMENT OBLIGS U (FGUXX) - 2.36% |
| #13 | N/A | FEDERAL HOME LOAN MORTGAGE CORP. 3% (n/a) - 2.27% |
| #14 | N/A | FIGRE TR 2025-HE5 FRN 6.36% (n/a) - 1.96% |
| #15 | N/A | FEDERAL NATIONAL MORTGAGE ASSOCIATION 4% (n/a) - 1.87% |
| #16 | N/A | PRPM LLC 2025-RCF1 4.5% (n/a) - 1.75% |
| #17 | N/A | n/a (n/a) - 1.61% |
| #18 | N/A | FIGRE TR 2025-HE1 6.59% (n/a) - 1.37% |
| #19 | N/A | n/a (n/a) - 1.33% |
| #20 | N/A | n/a (n/a) - 1.28% |
| #21 | N/A | PRET 2025-RPL2 TRUST 4% (n/a) - 1.26% |
| #22 | N/A | SG RESIDENTIAL MORTGAGE TRUST 1.56% (n/a) - 1.21% |
| #23 | N/A | COLT 2022-3 MORTGAGE LOAN TRUST 4.2% (n/a) - 1.16% |
| #24 | N/A | n/a (n/a) - 1.16% |
| #25 | N/A | MFA 2021-INV2 TRUST 3.2% (n/a) - 1.11% |
| Total Holdings | 12 | 70 |
SPBU vs MBS - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SPBU
+2.21%
MBS
-0.27%
3M
Winner
SPBU
+6.80%
MBS
-1.12%
6M
Winner
SPBU
+5.86%
MBS
+0.90%
1Y
Winner
SPBU
+19.22%
MBS
+5.89%
Max(CAGR)
Winner
SPBU
+16.75%
MBS
+6.23%
SPBU vs MBS - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | SPBU | MBS |
|---|---|---|
| 2026 | +6.46% | +0.46% |
| 2025 | +13.85% | +8.12% |
| 2024 | N/A | +5.78% |
SPBU vs MBS Drawdown Comparison
The maximum drawdown for SPBU was -8.30%, occurring on Apr 8, 2025. Recovery took 45 trading sessions.
The maximum drawdown for MBS was -4.09%, occurring on Jan 13, 2025. Recovery took 133 trading sessions.
The current SPBU drawdown is -2.18%. The current MBS drawdown is -1.68%.
| Rank | SPBU | MBS |
|---|---|---|
| #1 | -8.30% Mar 7, 2025 - May 12, 2025 | -4.09% Sep 20, 2024 - Apr 3, 2025 |
| #2 | -7.10% Jan 12, 2026 - Apr 15, 2026 | -2.82% Mar 11, 2024 - Jun 4, 2024 |
| #3 | -4.24% Oct 28, 2025 - Dec 26, 2025 | -2.54% Apr 4, 2025 - Aug 1, 2025 |
| #4 | -2.47% Oct 8, 2025 - Oct 24, 2025 | -2.20% Mar 2, 2026 - May 19, 2026 |
| #5 | -2.18% Jun 2, 2026 - Jun 5, 2026 | -1.12% Jun 6, 2024 - Jun 14, 2024 |
| #6 | -2.07% May 19, 2025 - Jun 6, 2025 | -0.85% Aug 5, 2024 - Aug 21, 2024 |
| #7 | -2.03% Jul 25, 2025 - Aug 12, 2025 | -0.77% Jan 9, 2026 - Feb 5, 2026 |
| #8 | -1.70% May 14, 2026 - May 26, 2026 | -0.75% Jun 25, 2024 - Jul 5, 2024 |
| #9 | -1.40% Aug 14, 2025 - Aug 27, 2025 | -0.74% Oct 28, 2025 - Nov 28, 2025 |
| #10 | -1.23% Dec 26, 2025 - Jan 9, 2026 | -0.65% Feb 20, 2024 - Feb 28, 2024 |
| #11 | -1.17% Sep 22, 2025 - Oct 1, 2025 | -0.53% Nov 28, 2025 - Dec 26, 2025 |
| #12 | -1.06% Aug 28, 2025 - Sep 9, 2025 | -0.48% Jul 8, 2024 - Jul 12, 2024 |
| #13 | -0.96% Jun 12, 2025 - Jun 24, 2025 | -0.45% Jul 17, 2024 - Jul 29, 2024 |
| #14 | -0.73% Jul 3, 2025 - Jul 17, 2025 | -0.40% Aug 21, 2024 - Aug 27, 2024 |
| #15 | -0.52% May 6, 2026 - May 8, 2026 | -0.34% Sep 17, 2025 - Sep 30, 2025 |
Correlation
Correlation between SPBU and MBS is 0.87 which considered as a strong positive correlation - the stocks tend to move together.
0.87
-101
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