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ETFs

Impact Shares Affordable Housing MBS ETF

OWNS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 26 2021
Expense Ratio
0.30%
Type
US Bonds
Fund Owner
Impact Shares
Volume (1m avg. daily)
$123,757
AUM
$105,149,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
FN BT7259 2% 09/01/51
4.18%
n/a
FN BT7190 2.5% 08/01/51
2.60%
n/a
FR RA3838 3% 10/01/50
2.47%
n/a
FR SD8108 3% 11/01/50
2.22%
n/a
FR SD8286 4% 01/01/53
2.20%
n/a
FR RA6694 2% 01/01/52
2.11%
n/a
FN FM7599 3.5% 01/01/51
2.09%
n/a
FN BT7351 2% 10/01/51
2.02%
n/a
G2 MA6541 3% 03/20/50
2.01%
n/a
FR QC6906 2% 09/01/51
1.96%
Invest with OWNS

What is OWNS?

OWNS invests in agency mortgage-backed securities (MBS) backed by pools of mortgage loans made to minority families, low- and moderate-income (LMI) families, and/or families that live in persistent poverty areas. OWNS seeks to invest in the dignity of homeownership for these traditionally underserved communities.

ETFs related toOWNS

ETFs correlated to OWNS include VMBS, SPMB, MBB

OWNS
Impact Shares Trust I - Impact Shares Affordable Housing MBS ETF
VMBS
Vanguard Group, Inc. - Vanguard Mortgage-Backed Securities ETF
SPMB
SPDR Series Trust - SPDR Portfolio Mortgage Backed Bond ETF
MBB
BlackRock Institutional Trust Company N.A. - iShares MBS ETF
JMBS
Janus Capital Management LLC - Janus Henderson Mortgage-Backed Securities ETF
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
FLCB
Franklin Templeton ETF Trust - Franklin U.S. Core Bond ETF
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
GNMA
BlackRock Institutional Trust Company N.A. - iShares GNMA Bond ETF
BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toOWNS

#IDX

Equity Index Rotation

Category

Getting Started

Risk Rating

Moderate

#BND

Total Bond Market

Category

Benchmarks

Risk Rating

Conservative

Create your own algorithmic trading strategy with OWNS using Composer

FAQ

OWNS is a US Bonds ETF. OWNS invests in agency mortgage-backed securities (MBS) backed by pools of mortgage loans made to minority families, low- and moderate-income (LMI) families, and/or families that live in persistent poverty areas. OWNS seeks to invest in the dignity of homeownership for these traditionally underserved communities.

Yes, OWNS is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, OWNS is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on OWNS is 0.0051%. This is the percent change in the value of OWNS over the most recent 1-month period. The 3-month return on OWNS is -0.0056%. This is the percent change in the value of OWNS over the most recent 3-month period.

The standard deviation of OWNS for the past year is 0.0942%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to OWNS include JHMB, MTGP, and DEED.

ETFs correlated to OWNS include VMBS, SPMB, and MBB.

ETFs that are inversely correlated to OWNS include PST, TYO, and TBX.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.