NEE vs. OWNS
NEE (NextEra Energy, Inc.) is a stock, while OWNS (CCM Affordable Housing MBS ETF) is Mortgage Backed Securities fund actively managed by CCM. Over the past year, NEE returned 18.32% vs 6.10% for OWNS. At a 0.19 correlation, their price movements are largely independent.
Performance
NEE vs. OWNS - Performance Comparison
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Returns By Period
In the year-to-date period, NEE achieves a 8.63% return, which is significantly higher than OWNS's 0.42% return.
NEE
- 1D
- 1.36%
- 1M
- -9.47%
- YTD
- 8.63%
- 6M
- 6.81%
- 1Y
- 18.32%
- 3Y*
- 8.11%
- 5Y*
- 5.94%
- 10Y*
- 13.51%
OWNS
- 1D
- -0.40%
- 1M
- 0.23%
- YTD
- 0.42%
- 6M
- 0.95%
- 1Y
- 6.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEE vs. OWNS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NEE NextEra Energy, Inc. | 8.63% | 15.47% | 21.69% |
OWNS CCM Affordable Housing MBS ETF | 0.42% | 7.75% | 3.65% |
Correlation
The correlation between NEE and OWNS is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024 | 0.19 |
The correlation between NEE and OWNS shifts across timeframes, from 0.06 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NEE vs. OWNS — Risk / Return Rank
NEE
OWNS
NEE vs. OWNS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NextEra Energy, Inc. (NEE) and CCM Affordable Housing MBS ETF (OWNS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NEE | OWNS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.88 | -0.51 |
| Martin ratioReturn relative to average drawdown | 3.78 | 5.29 | -1.51 |
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Drawdowns
NEE vs. OWNS - Drawdown Comparison
The maximum NEE drawdown since its inception was -47.81%, which is greater than OWNS's maximum drawdown of -5.39%. Use the drawdown chart below to compare losses from any high point for NEE and OWNS.
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Drawdown Indicators
| NEE | OWNS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.81% | -5.39% | -42.42% |
Max Drawdown (1Y)Largest decline over 1 year | -14.53% | -3.03% | -11.50% |
Max Drawdown (3Y)Largest decline over 3 years | -34.57% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -44.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.97% | — | — |
Current DrawdownCurrent decline from peak | -11.50% | -1.61% | -9.89% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -1.55% | -7.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.25% | 1.07% | +4.18% |
Volatility
NEE vs. OWNS - Volatility Comparison
NextEra Energy, Inc. (NEE) has a higher volatility of 8.52% compared to CCM Affordable Housing MBS ETF (OWNS) at 1.47%. This indicates that NEE's price experiences larger fluctuations and is considered to be riskier than OWNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEE | OWNS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.52% | 1.47% | +7.05% |
Volatility (6M)Calculated over the trailing 6-month period | 16.75% | 3.13% | +13.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.78% | 4.45% | +19.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.91% | 5.38% | +21.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.49% | 5.38% | +20.11% |
Dividends
NEE vs. OWNS - Dividend Comparison
NEE's dividend yield for the trailing twelve months is around 2.77%, less than OWNS's 4.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEE NextEra Energy, Inc. | 2.77% | 2.82% | 2.87% | 3.08% | 2.03% | 1.65% | 1.81% | 2.06% | 2.55% | 2.52% | 2.91% | 2.96% |
OWNS CCM Affordable Housing MBS ETF | 4.31% | 4.12% | 3.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NEE and OWNS have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEE has higher volatility (8.52%) compared to OWNS (1.47%). In terms of maximum drawdown, NEE dropped -47.81% vs OWNS's -5.39%.
OWNS currently has the higher Sharpe Ratio (1.28 vs 0.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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