OWNS vs. MBSD
OWNS (CCM Affordable Housing MBS ETF) and MBSD (FlexShares Disciplined Duration MBS Index Fund) are both Mortgage Backed Securities funds. OWNS is actively managed, while MBSD is passively managed. Over the past year, OWNS returned 6.23% vs 4.80% for MBSD. A 0.77 correlation means they provide meaningful diversification when combined. OWNS charges 0.30%/yr vs 0.20%/yr for MBSD.
Performance
OWNS vs. MBSD - Performance Comparison
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Returns By Period
In the year-to-date period, OWNS achieves a 0.36% return, which is significantly lower than MBSD's 0.52% return.
OWNS
- 1D
- -0.12%
- 1M
- 0.12%
- YTD
- 0.36%
- 6M
- 0.78%
- 1Y
- 6.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MBSD
- 1D
- 0.10%
- 1M
- 0.16%
- YTD
- 0.52%
- 6M
- 0.84%
- 1Y
- 4.80%
- 3Y*
- 4.29%
- 5Y*
- 0.64%
- 10Y*
- 1.41%
OWNS vs. MBSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OWNS CCM Affordable Housing MBS ETF | 0.36% | 7.75% | 3.84% |
MBSD FlexShares Disciplined Duration MBS Index Fund | 0.52% | 7.12% | 3.32% |
Correlation
The correlation between OWNS and MBSD is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2024 | 0.77 |
The correlation between OWNS and MBSD has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.
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Return for Risk
OWNS vs. MBSD — Risk / Return Rank
OWNS
MBSD
OWNS vs. MBSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CCM Affordable Housing MBS ETF (OWNS) and FlexShares Disciplined Duration MBS Index Fund (MBSD). 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.
| OWNS | MBSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.22 | -0.15 |
| Martin ratioReturn relative to average drawdown | 5.99 | 7.02 | -1.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OWNS | MBSD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.38 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.13 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 0.38 | +0.63 |
Drawdowns
OWNS vs. MBSD - Drawdown Comparison
The maximum OWNS drawdown since its inception was -5.39%, smaller than the maximum MBSD drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for OWNS and MBSD.
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Drawdown Indicators
| OWNS | MBSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.39% | -14.36% | +8.97% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -2.17% | -0.86% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.10% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.36% | — |
Current DrawdownCurrent decline from peak | -1.67% | -1.09% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -1.55% | -2.81% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.69% | +0.35% |
Volatility
OWNS vs. MBSD - Volatility Comparison
CCM Affordable Housing MBS ETF (OWNS) has a higher volatility of 1.46% compared to FlexShares Disciplined Duration MBS Index Fund (MBSD) at 1.15%. This indicates that OWNS's price experiences larger fluctuations and is considered to be riskier than MBSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OWNS | MBSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.15% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 2.47% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.55% | 3.52% | +1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.39% | 5.15% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.39% | 4.26% | +1.13% |
OWNS vs. MBSD - Expense Ratio Comparison
OWNS has a 0.30% expense ratio, which is higher than MBSD's 0.20% expense ratio.
Dividends
OWNS vs. MBSD - Dividend Comparison
OWNS's dividend yield for the trailing twelve months is around 4.31%, more than MBSD's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBSD FlexShares Disciplined Duration MBS Index Fund | 4.19% | 4.23% | 3.91% | 3.39% | 3.03% | 2.41% | 2.78% | 3.42% | 3.22% | 3.30% | 3.02% | 3.46% |
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
OWNS and MBSD have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OWNS has higher volatility (1.46%) compared to MBSD (1.15%). In terms of maximum drawdown, OWNS dropped -5.39% vs MBSD's -14.36%.
On 1-year performance, OWNS leads with 6.23% vs 4.80% for MBSD. On fees, MBSD is cheaper at 0.20% per year. On volatility, MBSD has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, OWNS has performed better with a 6.23% return vs 4.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MBSD is cheaper with a 0.20% expense ratio, compared with 0.30% for OWNS.
OWNS has the higher dividend yield at 4.31%, compared with 4.19% for MBSD.
They also come from different issuers: CCM and Northern Trust. Their fees differ too: 0.30% for OWNS and 0.20% for MBSD.
OWNS currently has the higher Sharpe Ratio (1.39 vs 1.38), 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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