When you set it up as JBOD, the controller puts the four hard drives together so that your OS sees it as one big drive. When you store data on this setup, the data goes to the first hard drive, and when that hard drive is full, that data goes to the second hard drive, and so on. In this case, you get no performance boost since you are only writing data to one drive at a time.
For a raid 0 with 4 drives in your case, the controller splits a chunk of data into 4 smaller chunks, and writes each smaller chunk onto one of the 4 hard drives simultaneously. Theoretically, this would be 4x faster than if you wrote to only one hard drive at a time.
Both of the above setups give you a 400gb drive.
For raid 0+1, you are doing raid 0 with two drives, and the other two drives act like backup drives. This gives you both performance and security, but only gives you a 200gb drive.