If you choose four random words from a list of 2048 common words, and your attacker knows that's what you're doing, then your entropy is 4 * log_2(2048) = 44 bits. If the attacker didn't know your strategy and tried to brute force letter by letter it would be much higher - around 48log_2(26)=150 bits assuming around eight letters per word - but like you said, we should assume the attacker knows exactly what strategy we're using, so 44 bits is the better number to work with.
Since that's still more than 28 bits, a 'correct horse battery staple' type password is harder to crack then a short random string of mixed characters, even if the attacker knows exactly what your password generation strategy is.