Old Westbury California Municipal Bond Fund (OWCAX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with OWCAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to OWCAX
OWCAX charges 0.57% annually. There are 212 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | OWCAX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | OWCAX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | OWCAX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | OWCAX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | OWCAX vs FSMUX |
Best Risk-Adjusted Alternatives to OWCAX
OWCAX has a PortfoliosLab risk / return rank of 58. There are 431 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | OWCAX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | OWCAX vs ATOIX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | OWCAX vs DFCMX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | OWCAX vs DNYMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | OWCAX vs DFSMX |
Top Performing OWCAX Alternatives (YTD)
OWCAX is at 0.19% YTD. There are 476 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 13.22%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 13.22% | — | Apr 1998 | OWCAX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 9.70% | — | Nov 2002 | OWCAX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 7.62% | — | Nov 2001 | OWCAX vs AFB | |
| BlackRock MuniYield Michigan Quality Fund | 6.57% | — | Oct 1992 | OWCAX vs MIY | |
| Nuveen Virginia Quality Municipal Income Fund | 6.33% | — | Mar 1993 | OWCAX vs NPV |
Lowest Volatility Alternatives to OWCAX
OWCAX has 1.97% 1-year volatility. There are 94 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | OWCAX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | OWCAX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | OWCAX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.60% | — | May 2016 | OWCAX vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | OWCAX vs DFSMX |
Lowest Drawdown Alternatives to OWCAX
OWCAX has a 1-year max drawdown of -2.62%. There are 177 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | OWCAX vs BATVX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | OWCAX vs APUSX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | OWCAX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | OWCAX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | OWCAX vs ATOIX |
Other Mutual Funds from Old Westbury
The 7 most viewed Old Westbury mutual funds shown here include OWFIX, OWLSX, OWACX and span 5 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Old Westbury Fixed Income Fund | Intermediate Core Bond | 19 | -0.21% | — | Mar 1998 | OWCAX vs OWFIX | |
| Old Westbury Large Cap Strategies Fund | Global Equities | 29 | 8.08% | — | Oct 1993 | OWCAX vs OWLSX | |
| Old Westbury All Cap Core Fund | Large Cap Growth Equities | 39 | 8.13% | — | Mar 1998 | OWCAX vs OWACX | |
| Old Westbury Municipal Bond Fund | Municipal Bonds | 60 | 0.48% | — | Mar 1998 | OWCAX vs OWMBX | |
| Old Westbury Credit Income Fund | Multisector Bonds | 41 | 1.92% | — | Sep 2020 | OWCAX vs OWCIX | |
| Old Westbury Small & Mid Cap Strategies Fund | Global Equities | 40 | 12.29% | — | Apr 2005 | OWCAX vs OWSMX | |
| Old Westbury New York Municipal Bond Fund | Municipal Bonds | 59 | 0.47% | — | Dec 2018 | OWCAX vs OWNYX |
Often Compared With OWCAX
Investors most often compare OWCAX with FGNSX, FXIEX, NUV. These 6 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 97 | 0.77% | — | Dec 2017 | OWCAX vs FGNSX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 78 | 1.81% | — | Jun 2012 | OWCAX vs FXIEX | |
| Nuveen Municipal Value Fund Inc. | Municipal Bonds | 44 | 3.17% | — | Apr 1987 | OWCAX vs NUV | |
| T. Rowe Price Maryland Short-Term Tax-Free Bond Fu... | Municipal Bonds | 75 | 0.85% | — | Jan 1993 | OWCAX vs PRMDX | |
| BlackRock MuniYield Quality Fund | Municipal Bonds | 21 | 4.72% | — | Jul 1992 | OWCAX vs MQY | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 51 | 5.45% | — | Mar 1998 | OWCAX vs MUJ |
Compare OWCAX with Any Fund or Stock
Compare OWCAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair OWCAX with funds that move differently
Old Westbury California Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OWCAX.
Explore OWCAX Diversifiers