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JMBS vs OWNS

Janus Henderson Mortgage-Backed Securities ETF

JMBSANYSE Arca

CCM Affordable Housing MBS ETF

OWNSCNYSE Arca

Overlap

No data

Expense ratio

JMBS −0.47pt a year

JMBS0.21%OWNS0.68%

Avg volume · 30D

JMBS 60.6×the volume

JMBS841KOWNS13.9K

5Y return · a year

JMBS +0.4pt

JMBS+0.5%OWNS+0.1%

JMBS vs OWNS Performance

Oct 29, 2021 – Oct 30, 2026

+2.4%JMBS+0.7%OWNS

Oct 29, 2021 to Oct 30, 2026. JMBS +2.4%. OWNS +0.7%. Use the arrow keys to read each point.−15%−10%−5%5%Oct 2021Apr 2024Oct 2026
Expense ratio
JMBS 0.21%, better
OWNS 0.68%
Fund size
JMBS $6.37B
OWNS $104M
1Y total return
JMBS +0.1%
OWNS +0.2%, better
Yield (12M)
JMBS 5.85%, better
OWNS 4.26%
Holdings
JMBS 415
OWNS 267
Avg volume (30D)
JMBS 841K sh, better
OWNS 13.9K sh
NAV per share
JMBS $43.40
OWNS $16.82
52W range

ETF.net Grade

JMBS: Cost 93, Risk 35, Mission 100, Tradability 90, Holdings 16, Durability 82. OWNS: Cost 23, Risk 32, Mission 96, Tradability 41, Holdings 45, Durability 35.
Pillar letters and Scores for JMBS, OWNS, with each pillar’s weight
PillarJMBSOWNS
Cost30% weightA93HigherF23
Mission25% weightA100HigherA96
Risk15% weightD35HigherD32
Tradability15% weightA90HigherC41
Holdings10% weightF16C45Higher
Durability5% weightA82HigherD35

Rank among Core Securitized Bond funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. JMBS and OWNS are both graded against the same 10 Core Securitized Bond funds, so their Grades compare head to head.

Core Securitized Bond⁠

Category · 10 funds
See all 10 ›

JMBS ranks 1st and OWNS 8th of 10 funds in the Core Securitized Bond Category.

  1. Rank 1AJMBSJanus Henderson Mortgage-Backed Securities ETFScore 77
  2. Rank 2BJPLDJPMorgan Limited Duration Bond ETFScore 69
  3. Rank 7CCARYAngel Oak Income ETFScore 50
  4. Rank 8COWNSCCM Affordable Housing MBS ETFScore 48
  5. Rank 9CDEEDFirst Trust Securitized Plus ETFScore 43

Our read on each fund

ETF.net Research

JMBSAJanus Henderson Mortgage-Backed Securities ETF

OWNSCCCM Affordable Housing MBS ETF

In short

JMBS The original actively managed mortgage-backed securities ETF, launched in 2018. Rather than replicate the MBS index, the team picks through agency mortgage bonds, a corner of the market where prepayment behavior makes security selection its own craft.

OWNS Agency mortgage bonds with a filter: OWNS buys custom pools of home loans made to low- and moderate-income, minority, and persistent-poverty-area borrowers. Launched 2021 as the first ETF built around affordable homeownership. Fee: 0.68%.

Stated mandate

JMBS The fund seeks a high level of total return through both income and capital appreciation.

OWNS The Fund seeks to generate current income, primarily through mortgage-backed securities associated with affordable-housing mortgages.

Why people hold it

  • JMBS Charges 0.21% a year against a 0.36% median for its bond peer group, and that buys an active specialist mandate rather than an index tracker.
  • First mover: Janus Henderson launched it in 2018 as the first actively managed MBS ETF in the US, and it now runs several hundred mortgage bonds.prnewswire.com
  • A multi-billion-dollar fund that trades actively and pays monthly, which is a real edge in a corner of the bond market where most products stay small.
  • Does what its documents say it does, and stands as one of the stronger implementations in its broad-bond peer group.
  • OWNS The angle is the collateral. Agency MBS backed by custom pools of mortgages to low- and moderate-income families, minority families, and families in persistent-poverty areas.nasdaq.com
  • Launched in 2021 as the first ETF built around financing affordable homeownership, with the mandate spelled out in its filings rather than just its marketing.nasdaq.com
  • Sub-advised by Community Capital Management, a fixed income impact shop that sources the pools. The goal is plain: current income from US agency mortgage bonds, paid quarterly.nasdaq.com

Worth knowing

  • JMBS This is one slice of the bond market, not a whole-market core. Broad aggregate funds such as BND, SPAB and SCHZ cover the full index for 0.03%.
  • Mortgage bonds prepay. Homeowners refinance when rates fall and sit tight when they rise, so the portfolio's cash flows and rate sensitivity shift with the cycle.janushenderson.com
  • The mandate targets total return from income plus price moves, so the monthly payout is not a fixed rate and the manager's calls drive the result.
  • OWNS The fee is 0.68%, above the category median, and index-style peers like JMBS run 0.21%. Hand-sourcing custom pools is labor, and the price tag reflects it.
  • Small fund, light trading. Bid-ask spreads can run wider than the biggest securitized bond ETFs, which matters most on large or hurried orders.
  • Custom pools mean the portfolio can behave differently from a broad agency MBS benchmark, and mortgage bonds still move with rates and borrower refinancing.nasdaq.com

Full JMBS profile⁠

Full OWNS profile⁠

JMBS vs OWNS Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

JMBS vs OWNS Cost

Overpaying OWNS vs JMBS

$8,895

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • JMBS 0.21%

    $4,357

  • OWNS 0.68%

    $13,252

$10,000
30 years

Cost over time

  • JMBS 0.21%
  • OWNS 0.68%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530OWNS $13,252JMBS $4,357

Year by year

YearJMBSOWNSOverpaying
10$383$1,215$832
20$1,491$4,633$3,142
30$4,357$13,252$8,895

Expense ratio

  • 0.21%JMBS, cheaper
  • 0.68%OWNS
  • Middle half of Core Securitized Bond funds
  • Median 0.38%

JMBS cheapest of 10 funds

OWNS 8th cheapest of 10 funds

JMBS vs OWNS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
JMBS 5.85%, better
OWNS 4.26%
Payout (12M)
JMBS $2.54
OWNS $0.72
Last payment
JMBS $0.19
OWNS $0.17
Ex-dividend
JMBS Oct 30, 2026
OWNS Sep 30, 2026
Paid on
JMBS Pays Nov 5, 2026
OWNS Oct 1, 2026
Frequency
JMBS Monthly
OWNS Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

JMBSMonthly · 46 paymentsAll JMBS payments⁠
One bar per payment. 46 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.11; Mar 1, 2023 $0.16; Apr 3, 2023 $0.16; May 1, 2023 $0.17; Jun 1, 2023 $0.16; Jul 3, 2023 $0.17; Aug 1, 2023 $0.15; Sep 1, 2023 $0.18; Oct 2, 2023 $0.17; Nov 1, 2023 $0.18; Dec 1, 2023 $0.19; Dec 22, 2023 $0.20; Feb 1, 2024 $0.18; Mar 1, 2024 $0.19; Apr 1, 2024 $0.19; May 1, 2024 $0.19; Jun 3, 2024 $0.19; Jul 1, 2024 $0.19; Aug 1, 2024 $0.20; Sep 3, 2024 $0.20; Oct 1, 2024 $0.20; Nov 1, 2024 $0.19; Dec 2, 2024 $0.31; Dec 23, 2024 $0.21; Feb 3, 2025 $0.19; Mar 3, 2025 $0.19; Apr 1, 2025 $0.19; May 1, 2025 $0.19; Jun 2, 2025 $0.19; Jul 1, 2025 $0.20; Aug 1, 2025 $0.18; Sep 2, 2025 $0.19; Oct 1, 2025 $0.20; Nov 3, 2025 $0.19; Dec 1, 2025 $0.19; Dec 22, 2025 $0.20; Jan 30, 2026 $0.21; Feb 27, 2026 $0.19; Mar 31, 2026 $0.20; Apr 30, 2026 $0.19; May 29, 2026 $0.19; Jun 30, 2026 $0.20; Jul 31, 2026 $0.19; Aug 31, 2026 $0.20; Sep 30, 2026 $0.20; Oct 30, 2026 $0.19. Use the arrow keys to read each point.$0$0.2520232026YTD
OWNSQuarterly · 15 paymentsAll OWNS payments⁠
One bar per payment. 15 payments from 2023 to 2026 YTD. Mar 28, 2023 $0.13; Jun 27, 2023 $0.13; Sep 26, 2023 $0.13; Dec 26, 2023 $0.13; Mar 26, 2024 $0.16; Jun 26, 2024 $0.15; Sep 26, 2024 $0.15; Dec 26, 2024 $0.16; Mar 31, 2025 $0.15; Jun 30, 2025 $0.17; Sep 30, 2025 $0.19; Dec 31, 2025 $0.20; Mar 31, 2026 $0.18; Jun 30, 2026 $0.16; Sep 30, 2026 $0.17. Use the arrow keys to read each point.$0$0.2520232026YTD

JMBS vs OWNS Risk

Fall from peak · 5 years

  • JMBS
  • OWNS
Oct 29, 2021 to Oct 30, 2026. Worst fall: JMBS −16.5% · Oct 2022. Use the arrow keys to read each point.−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
JMBS 6.9%OWNS 6.4%, better
Return per unit of riskSharpe ratio, 3 years
JMBS 0.31, betterOWNS 0.24
Worst fallMax drawdown, 5 years
JMBS −16.5%, betterOWNS −16.7%
Market sensitivityBeta, 5 years
JMBS 1.20OWNS 1.04

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