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OWNS vs SECR

CCM Affordable Housing MBS ETF

OWNSCNYSE Arca

NYLI MacKay Securitized Income ETF

SECRBNYSE Arca

Overlap

No data

Expense ratio

SECR −0.40pt a year

OWNS0.68%SECR0.28%

Avg volume · 30D

OWNS 3.0×the volume

OWNS13.9KSECR4.69K

OWNS vs SECR Performance

Oct 31, 2025 – Oct 30, 2026

+0.2%OWNS−0.1%SECR

Oct 31, 2025 to Oct 30, 2026. OWNS +0.2%. SECR −0.1%. Use the arrow keys to read each point.−3%−2%1%2%3%Oct 2025Apr 2026Oct 2026
Expense ratio
OWNS 0.68%
SECR 0.28%, better
Fund size
OWNS $104M
SECR $160M
1Y total return
OWNS +0.2%, better
SECR −0.1%
Yield (12M)
OWNS 4.26%
SECR 6.97%, better
Holdings
OWNS 267
SECR 457
Avg volume (30D)
OWNS 13.9K sh, better
SECR 4.69K sh
NAV per share
OWNS $16.82
SECR $24.51
52W range

ETF.net Grade

OWNS: Cost 23, Risk 32, Mission 96, Tradability 41, Holdings 45, Durability 35. SECR: Cost 83, Risk 33, Mission 96, Tradability 21, Holdings 74, Durability 38.
Pillar letters and Scores for OWNS, SECR, with each pillar’s weight
PillarOWNSSECR
Cost30% weightF23A83Higher
Mission25% weightA96A96
Risk15% weightD32D33Higher
Tradability15% weightC41HigherF21
Holdings10% weightC45A74Higher
Durability5% weightD35D38Higher

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. OWNS and SECR 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 ›

SECR ranks 3rd 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 3BFSECFIDELITY INVESTMENT GRADE SECURITIZED ETFScore 66
  4. Rank 3BSECRNYLI MacKay Securitized Income ETFScore 66
  5. Rank 5BJHMBJohn Hancock Mortgage-Backed Securities ETFScore 59
  6. Rank 7CCARYAngel Oak Income ETFScore 50
  7. Rank 8COWNSCCM Affordable Housing MBS ETFScore 48
  8. Rank 9CDEEDFirst Trust Securitized Plus ETFScore 43

Our read on each fund

ETF.net Research

OWNSCCCM Affordable Housing MBS ETF

SECRBNYLI MacKay Securitized Income ETF

In short

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%.

SECR Most securitized bond ETFs stop at agency mortgages. SECR roams the whole structured-credit stack, CMBS, ABS, non-agency RMBS and CLOs, picked by MacKay Shields, at 0.28% net of a waiver through August 28, 2027.

Stated mandate

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

SECR The Fund seeks total return with an emphasis on current income.

Why people hold it

  • 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
  • SECR At least 80% of assets sit in securitized paper: CMBS, ABS, agency and non-agency RMBS, CMOs and CLOs. Agency-mortgage peers like JMBS and JHMB work a narrower slice.sec.gov
  • 0.28% net of a contractual waiver through August 28, 2027 (0.49% gross), below the category median and under FSEC's 0.36% and JHMB's 0.39% net of a waiver through July 31, 2027.
  • Actively run by MacKay Shields rather than tracking an index, with income paid monthly and risk spread across roughly 400 positions.nylim.com
  • Holdings line up with the securitized mandate the filings describe, one of the tidier implementations in this small peer group.

Worth knowing

  • 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
  • SECR Thinly traded, so spreads can run wider than the giant bond ETFs' and bigger orders may need patience.
  • The 0.28% price tag leans on a waiver through August 28, 2027; the gross expense ratio behind it is 0.49%.
  • Up to 20% of total assets can sit below investment grade, and non-agency structures carry credit and prepayment risk. The fund has only traded since 2024.sec.gov

Full OWNS profile⁠

Full SECR profile⁠

OWNS vs SECR 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.

OWNS vs SECR Cost

Overpaying OWNS vs SECR

$7,497

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

  • OWNS 0.68%

    $13,252

  • SECR 0.28%

    $5,755

$10,000
30 years

Cost over time

  • OWNS 0.68%
  • SECR 0.28%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530OWNS $13,252SECR $5,755

Year by year

YearOWNSSECROverpaying
10$1,215$509$706
20$4,633$1,976$2,657
30$13,252$5,755$7,497

Expense ratio

  • 0.68%OWNS
  • 0.28%SECR, cheaper
  • Middle half of Core Securitized Bond funds
  • Median 0.38%

SECR 2nd cheapest of 10 funds

OWNS 8th cheapest of 10 funds

OWNS vs SECR Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
OWNS 4.26%
SECR 6.97%, better
Payout (12M)
OWNS $0.72
SECR $1.71
Last payment
OWNS $0.17
SECR $0.11
Ex-dividend
OWNS Sep 30, 2026
SECR Oct 30, 2026
Paid on
OWNS Oct 1, 2026
SECR Pays Nov 3, 2026
Frequency
OWNS Quarterly
SECR Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

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
SECRMonthly · 29 paymentsAll SECR payments⁠
One bar per payment. 29 payments from 2023 to 2026 YTD. Jul 1, 2024 $0.07; Aug 1, 2024 $0.12; Sep 3, 2024 $0.12; Oct 1, 2024 $0.11; Nov 1, 2024 $0.11; Dec 2, 2024 $0.11; Dec 30, 2024 $0.20; Feb 3, 2025 $0.08; Mar 3, 2025 $0.13; Apr 1, 2025 $0.14; Apr 30, 2025 $0.13; Jun 2, 2025 $0.15; Jul 1, 2025 $0.12; Aug 1, 2025 $0.12; Sep 2, 2025 $0.12; Oct 1, 2025 $0.13; Nov 3, 2025 $0.12; Dec 1, 2025 $0.12; Dec 30, 2025 $0.38; Jan 30, 2026 $0.08; Feb 27, 2026 $0.08; Mar 31, 2026 $0.12; Apr 30, 2026 $0.11; May 29, 2026 $0.11; Jun 30, 2026 $0.13; Jul 31, 2026 $0.11; Aug 31, 2026 $0.11; Sep 30, 2026 $0.12; Oct 30, 2026 $0.11. Use the arrow keys to read each point.$0$0.2520232026YTD

OWNS vs SECR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
OWNS 6.4%SECR 4.8%since Jun 2024
Return per unit of riskSharpe ratio, 3 years
OWNS 0.24SECR 0.15since Jun 2024
Worst fallMax drawdown, 5 years
OWNS −16.7%SECR −5.1%since May 2024
Market sensitivityBeta, 5 years
OWNS 1.04SECR 0.12

OWNS and SECR in the news

All news⁠

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