Old Westbury California Municipal Bond Fund (OWCAX) Alternatives
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 funds that fit a different role in your portfolio.
Cheapest Alternatives to OWCAX
OWCAX charges 0.57% annually. Among mutual funds in the Municipal Bonds category, these options have the lowest expense ratios among OWCAX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | Dec 22, 2015 | OWCAX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | May 30, 2007 | OWCAX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | Feb 2, 2021 | OWCAX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | Jun 24, 2021 | OWCAX vs FSMUX | |
| Fidelity Municipal Bond Index Fund | 0.07% | Jul 11, 2019 | OWCAX vs FMBIX |
Best Risk-Adjusted Alternatives to OWCAX
Among mutual funds in the Municipal Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 100 | Dec 4, 2002 | OWCAX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | Apr 21, 2016 | OWCAX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | 99 | Dec 25, 2017 | OWCAX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | Feb 2, 2021 | OWCAX vs FHMIX | |
| JPMorgan Ultra-Short Municipal Fund | 99 | May 30, 2016 | OWCAX vs USMTX |
Top Performing OWCAX Alternatives (YTD)
OWCAX alternatives from the Municipal Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 5.52% | Apr 20, 1998 | OWCAX vs NMI | |
| Nuveen Virginia Quality Municipal Income Fund | 4.94% | Mar 18, 1993 | OWCAX vs NPV | |
| Nuveen New York AMT Free Quality Municipal Income | 4.26% | Nov 21, 2002 | OWCAX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 3.67% | Oct 30, 1992 | OWCAX vs MIY | |
| Nuveen Pennsylvania Quality Municipal Income | 2.14% | Feb 21, 1991 | OWCAX vs NQP |
Lowest Volatility Alternatives to OWCAX
OWCAX alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.68% | Aug 19, 2002 | OWCAX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.69% | May 31, 2016 | OWCAX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.70% | May 30, 2016 | OWCAX vs USMTX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.71% | Apr 11, 2022 | OWCAX vs DFABX | |
| BlackRock Allocation Target Shares | 0.76% | May 20, 2021 | OWCAX vs BATVX |
Lowest Drawdown Alternatives to OWCAX
OWCAX alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | May 20, 2021 | OWCAX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | Dec 4, 2002 | OWCAX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | Apr 21, 2016 | OWCAX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.20% | Dec 25, 2017 | OWCAX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.20% | Feb 2, 2021 | OWCAX vs FHMIX |
Other Mutual Funds from Old Westbury
Most popular Old Westbury mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Old Westbury All Cap Core Fund | Large Cap Growth Equities | 15 | -4.89% | Mar 2, 1998 | OWCAX vs OWACX | |
| Old Westbury Large Cap Strategies Fund | Global Equities | 40 | -3.72% | Oct 21, 1993 | OWCAX vs OWLSX | |
| Old Westbury Fixed Income Fund | Intermediate Core Bond | 71 | -0.10% | Mar 12, 1998 | OWCAX vs OWFIX | |
| Old Westbury Small & Mid Cap Strategies Fund | Global Equities | 63 | 1.26% | Apr 4, 2005 | OWCAX vs OWSMX | |
| Old Westbury Municipal Bond Fund | Municipal Bonds | 39 | -0.50% | Mar 5, 1998 | OWCAX vs OWMBX | |
| Old Westbury New York Municipal Bond Fund | Municipal Bonds | 40 | -0.43% | Dec 3, 2018 | OWCAX vs OWNYX | |
| Old Westbury Credit Income Fund | Multisector Bonds | 51 | 0.06% | Sep 30, 2020 | OWCAX vs OWCIX |
Compare OWCAX with Any Fund or Stock
Compare OWCAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.