OWNS vs SPY
CCM Affordable Housing MBS ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | OWNS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.09% | |
| AUM | $106M | $821.1B | |
| Dividend Yield | 4.38% | 1.01% | |
| Holdings | 237 | 505 | |
| YTD Return | +0.15% | +12.22% | |
| 1Y Return | +3.63% | +20.83% | |
| 3Y Return (annualized) | +4.90% | +21.70% | |
| 5Y Return (annualized) | +0.13% | +12.98% | |
| Volatility (annualized) | 6.7% | 15.3% | |
| Max Drawdown | -17.1% | -56.5% | |
| Fund Family | Impact shares | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jul 27, 2021 | Jan 22, 1993 |
OWNS vs SPY Performance
CCM Affordable Housing MBS ETF (OWNS) is a ETF from Impact shares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year OWNS returned +3.63% while SPY returned +20.83%. Year to date, OWNS is up 0.15% versus a gain of 12.22% for SPY.
Over three years, OWNS compounded at +4.90% per year against +21.70% for SPY; over five years the annualized figures are +0.13% and +12.98% respectively. Across the full 5-year window we track, SPY has the edge at +8.79% annualized vs +0.08%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 6.7% for OWNS. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -17.1% for OWNS and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OWNS charges 0.30% per year while SPY charges 0.09%. On a $10,000 position that is $30 vs $9 annually, a gap of $21 per year that compounds over a long holding period. On income, OWNS currently yields 4.38% against 1.01% for SPY.
Holdings Overlap
OWNS and SPY share 0 holdings out of 525 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, OWNS or SPY?
OWNS has an expense ratio of 0.30% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, OWNS or SPY?
Over the past year OWNS returned +3.63% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), OWNS annualized +0.08% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, OWNS or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 6.7% for OWNS. Worst drawdown: OWNS -17.1% vs SPY -56.5%.
Should I hold both OWNS and SPY?
OWNS and SPY have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OWNS and SPY?
OWNS and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 525 unique securities.
Which pays a higher dividend, OWNS or SPY?
OWNS yields 4.38% while SPY yields 1.01%, so OWNS currently pays the higher dividend yield.
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