OWNS vs. VFIAX

Last updated Jun 3, 2026

OWNS (CCM Affordable Housing MBS ETF) and VFIAX (Vanguard 500 Index Fund Admiral Shares) are both funds - OWNS is a Mortgage Backed Securities fund actively managed by CCM, while VFIAX is a S&P 500 fund tracking the S&P 500 Index. OWNS is actively managed, while VFIAX is passively managed. Over the past year, OWNS returned 6.72% vs 28.95% for VFIAX. At a 0.16 correlation, their price movements are largely independent. OWNS charges 0.30%/yr vs 0.04%/yr for VFIAX.

Performance

OWNS vs. VFIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CCM Affordable Housing MBS ETF (OWNS) and Vanguard 500 Index Fund Admiral Shares (VFIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OWNS achieves a 0.48% return, which is significantly lower than VFIAX's 11.69% return.

OWNS

• 1D: -0.03%
• 1M: 0.03%
• YTD: 0.48%
• 6M: 0.73%
• 1Y: 6.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VFIAX

• 1D: 0.13%
• 1M: 5.80%
• YTD: 11.69%
• 6M: 11.73%
• 1Y: 28.95%
• 3Y*: 22.72%
• 5Y*: 14.24%
• 10Y*: 15.63%

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

OWNS vs. VFIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OWNS CCM Affordable Housing MBS ETF	0.48%	7.75%	3.84%
VFIAX Vanguard 500 Index Fund Admiral Shares	11.69%	17.83%	15.39%

Correlation

The correlation between OWNS and VFIAX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Mar 19, 2024	0.16

The correlation between OWNS and VFIAX shifts across timeframes, from 0.16 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

OWNS vs. VFIAX — Risk / Return Rank

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

OWNS

OWNS Risk / Return Rank: 42
OWNS Sharpe Ratio Rank: 41
OWNS Sortino Ratio Rank: 43
OWNS Omega Ratio Rank: 42
OWNS Calmar Ratio Rank: 43
OWNS Martin Ratio Rank: 39

VFIAX

VFIAX Risk / Return Rank: 73
VFIAX Sharpe Ratio Rank: 75
VFIAX Sortino Ratio Rank: 67
VFIAX Omega Ratio Rank: 67
VFIAX Calmar Ratio Rank: 74
VFIAX Martin Ratio Rank: 83

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. VFIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CCM Affordable Housing MBS ETF (OWNS) and Vanguard 500 Index Fund Admiral Shares (VFIAX). 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	VFIAX	Difference
Sharpe ratio Return per unit of total volatility	1.48	2.52	-1.03
Sortino ratio Return per unit of downside risk	2.20	3.42	-1.22
Omega ratio Gain probability vs. loss probability	1.28	1.46	-0.18
Calmar ratio Return relative to maximum drawdown	2.16	3.35	-1.19
Martin ratio Return relative to average drawdown	6.36	15.66	-9.31
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. VFIAX - Sharpe Ratio Comparison

The current OWNS Sharpe Ratio is 1.48, which is lower than the VFIAX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of OWNS and VFIAX, 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	VFIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	2.52	-1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.85	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	0.47	+0.55

Drawdowns

OWNS vs. VFIAX - Drawdown Comparison

The maximum OWNS drawdown since its inception was -5.39%, smaller than the maximum VFIAX drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for OWNS and VFIAX.

Drawdown Indicators

	OWNS	VFIAX	Difference
Max Drawdown Largest peak-to-trough decline	-5.39%	-55.20%	+49.81%
Max Drawdown (1Y) Largest decline over 1 year	-3.03%	-8.90%	+5.87%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.83%	—
Current Drawdown Current decline from peak	-1.55%	0.00%	-1.55%
Average Drawdown Average peak-to-trough decline	-1.55%	-9.40%	+7.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.03%	1.90%	-0.87%

Volatility

OWNS vs. VFIAX - Volatility Comparison

The current volatility for CCM Affordable Housing MBS ETF (OWNS) is 1.49%, while Vanguard 500 Index Fund Admiral Shares (VFIAX) has a volatility of 2.82%. This indicates that OWNS experiences smaller price fluctuations and is considered to be less risky than VFIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OWNS	VFIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.49%	2.82%	-1.33%
Volatility (6M) Calculated over the trailing 6-month period	3.08%	8.98%	-5.90%
Volatility (1Y) Calculated over the trailing 1-year period	4.56%	11.86%	-7.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.40%	16.90%	-11.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.40%	18.07%	-12.67%

OWNS vs. VFIAX - Expense Ratio Comparison

OWNS has a 0.30% expense ratio, which is higher than VFIAX's 0.04% expense ratio.

Dividends

OWNS vs. VFIAX - Dividend Comparison

OWNS's dividend yield for the trailing twelve months is around 4.31%, more than VFIAX's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VFIAX Vanguard 500 Index Fund Admiral Shares	1.01%	1.12%	1.24%	1.45%	1.68%	1.24%	1.53%	1.87%	2.05%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both OWNS and VFIAX in my portfolio?

OWNS and VFIAX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OWNS or VFIAX?

VFIAX has higher volatility (2.82%) compared to OWNS (1.49%). In terms of maximum drawdown, OWNS dropped -5.39% vs VFIAX's -55.20%.

Which has better risk-adjusted returns?

VFIAX currently has the higher Sharpe Ratio (2.52 vs 1.48), 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.