OWNS vs. PMBS

Last updated Jun 5, 2026

OWNS (CCM Affordable Housing MBS ETF) and PMBS (PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund) are both Mortgage Backed Securities funds. Both are actively managed. Over the past year, OWNS returned 6.23% vs 7.05% for PMBS. Their correlation of 0.90 suggests significant overlap in exposure. OWNS charges 0.30%/yr vs 0.71%/yr for PMBS.

Performance

OWNS vs. PMBS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CCM Affordable Housing MBS ETF (OWNS) and PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OWNS achieves a 0.36% return, which is significantly lower than PMBS's 1.03% return.

OWNS

• 1D: -0.12%
• 1M: 0.12%
• YTD: 0.36%
• 6M: 0.78%
• 1Y: 6.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PMBS

• 1D: 0.13%
• 1M: 0.14%
• YTD: 1.03%
• 6M: 1.52%
• 1Y: 7.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

OWNS vs. PMBS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OWNS CCM Affordable Housing MBS ETF	0.36%	7.75%	-3.22%
PMBS PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund	1.03%	8.92%	-2.75%

Correlation

The correlation between OWNS and PMBS is 0.91, 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	0.91
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024	0.90

The correlation between OWNS and PMBS has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

Return for Risk

OWNS vs. PMBS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OWNS

OWNS Risk / Return Rank: 40
OWNS Sharpe Ratio Rank: 40
OWNS Sortino Ratio Rank: 41
OWNS Omega Ratio Rank: 41
OWNS Calmar Ratio Rank: 42
OWNS Martin Ratio Rank: 38

PMBS

PMBS Risk / Return Rank: 50
PMBS Sharpe Ratio Rank: 50
PMBS Sortino Ratio Rank: 52
PMBS Omega Ratio Rank: 50
PMBS Calmar Ratio Rank: 49
PMBS Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OWNS vs. PMBS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CCM Affordable Housing MBS ETF (OWNS) and PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS). 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	PMBS	Difference
Sharpe ratio: Return per unit of total volatility	1.39	1.69	-0.30
Sortino ratio: Return per unit of downside risk	2.05	2.49	-0.44
Omega ratio: Gain probability vs. loss probability	1.26	1.31	-0.05
Calmar ratio: Return relative to maximum drawdown	2.06	2.39	-0.32
Martin ratio: Return relative to average drawdown	5.99	8.09	-2.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OWNS vs. PMBS - Sharpe Ratio Comparison

The current OWNS Sharpe Ratio is 1.39, which is comparable to the PMBS Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of OWNS and PMBS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OWNS	PMBS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	1.69	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	0.84	+0.16

Drawdowns

OWNS vs. PMBS - Drawdown Comparison

The maximum OWNS drawdown since its inception was -5.39%, which is greater than PMBS's maximum drawdown of -4.35%. Use the drawdown chart below to compare losses from any high point for OWNS and PMBS.

Drawdown Indicators

	OWNS	PMBS	Difference
Max Drawdown Largest peak-to-trough decline	-5.39%	-4.35%	-1.04%
Max Drawdown (1Y) Largest decline over 1 year	-3.03%	-2.97%	-0.06%
Current Drawdown Current decline from peak	-1.67%	-1.42%	-0.25%
Average Drawdown Average peak-to-trough decline	-1.55%	-1.15%	-0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	0.87%	+0.17%

Volatility

OWNS vs. PMBS - Volatility Comparison

CCM Affordable Housing MBS ETF (OWNS) and PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) have volatilities of 1.46% and 1.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OWNS	PMBS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.46%	1.53%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	3.06%	3.09%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	4.55%	4.22%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.39%	4.87%	+0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.39%	4.87%	+0.52%

OWNS vs. PMBS - Expense Ratio Comparison

OWNS has a 0.30% expense ratio, which is lower than PMBS's 0.71% expense ratio.

Dividends

OWNS vs. PMBS - Dividend Comparison

OWNS's dividend yield for the trailing twelve months is around 4.31%, less than PMBS's 4.98% yield.

Position	TTM	2025	2024
OWNS CCM Affordable Housing MBS ETF	4.31%	4.12%	3.75%
PMBS PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund	4.98%	4.73%	1.59%

Frequently Asked Questions

Can I hold both OWNS and PMBS in my portfolio?

With a correlation of 0.91, OWNS and PMBS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, OWNS or PMBS?

PMBS has higher volatility (1.53%) compared to OWNS (1.46%). In terms of maximum drawdown, OWNS dropped -5.39% vs PMBS's -4.35%.

Which ETF is better, OWNS or PMBS?

On 1-year performance, PMBS leads with 7.05% vs 6.23% for OWNS. On fees, OWNS is cheaper at 0.30% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OWNS or PMBS?

Over the 1-year period, PMBS has performed better with a 7.05% return vs 6.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OWNS or PMBS?

OWNS is cheaper with a 0.30% expense ratio, compared with 0.71% for PMBS.

Which ETF pays a higher dividend yield, OWNS or PMBS?

PMBS has the higher dividend yield at 4.98%, compared with 4.31% for OWNS.

What is the main difference between OWNS and PMBS?

They also come from different issuers: CCM and PIMCO. Their fees differ too: 0.30% for OWNS and 0.71% for PMBS.

Which has better risk-adjusted returns?

PMBS currently has the higher Sharpe Ratio (1.69 vs 1.39), 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.