Old Westbury Municipal Bond Fund (OWMBX) 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 OWMBX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to OWMBX
OWMBX charges 0.57% annually. There are 211 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 | OWMBX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | OWMBX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | OWMBX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | OWMBX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | OWMBX vs FSMUX |
Best Risk-Adjusted Alternatives to OWMBX
OWMBX has a PortfoliosLab risk / return rank of 33. There are 436 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 Municipal Bond Portfolio | 100 | — | Aug 2002 | OWMBX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 100 | — | Dec 2002 | OWMBX vs ATOIX | |
| DFA Short-Term Selective State Municipal Bond Port... | 99 | — | Apr 2022 | OWMBX vs DFABX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | OWMBX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | OWMBX vs TFCYX |
Top Performing OWMBX Alternatives (YTD)
OWMBX is at -0.56% YTD. There are 446 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.42%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 10.42% | — | Apr 1998 | OWMBX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 7.26% | — | Nov 2002 | OWMBX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 6.51% | — | Oct 1992 | OWMBX vs MIY | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 5.51% | 12.30B | Sep 1994 | OWMBX vs VTMFX | |
| AllianceBernstein National Municipal Income Fund | 5.23% | — | Nov 2001 | OWMBX vs AFB |
Lowest Volatility Alternatives to OWMBX
OWMBX has 2.02% 1-year volatility. There are 90 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.53%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.53% | — | Aug 2002 | OWMBX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.57% | — | Apr 2022 | OWMBX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | OWMBX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.64% | — | May 2016 | OWMBX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.64% | — | May 2016 | OWMBX vs USMTX |
Lowest Drawdown Alternatives to OWMBX
OWMBX has a 1-year max drawdown of -2.45%. There are 139 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 | OWMBX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | OWMBX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | OWMBX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | OWMBX vs TFCYX | |
| DFA Short Term Municipal Bond Portfolio | -0.11% | — | Aug 2002 | OWMBX vs DFSMX |
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 | -0.31% | — | Mar 1998 | OWMBX vs OWFIX | |
| Old Westbury Large Cap Strategies Fund | Global Equities | 33 | 9.14% | — | Oct 1993 | OWMBX vs OWLSX | |
| Old Westbury All Cap Core Fund | Large Cap Growth Equities | 29 | 8.25% | — | Mar 1998 | OWMBX vs OWACX | |
| Old Westbury Small & Mid Cap Strategies Fund | Global Equities | 37 | 10.51% | — | Apr 2005 | OWMBX vs OWSMX | |
| Old Westbury New York Municipal Bond Fund | Municipal Bonds | 32 | -0.55% | — | Dec 2018 | OWMBX vs OWNYX | |
| Old Westbury Credit Income Fund | Multisector Bonds | 27 | 0.76% | — | Sep 2020 | OWMBX vs OWCIX | |
| Old Westbury California Municipal Bond Fund | Municipal Bonds | 31 | -0.74% | — | Dec 2018 | OWMBX vs OWCAX |
Often Compared With OWMBX
Investors most often compare OWMBX with MPA, APUSX, DNYMX. These 9 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| BlackRock MuniYield Pennsylvania Quality Fund | Municipal Bonds | 27 | 2.33% | — | Nov 1992 | OWMBX vs MPA | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | Municipal Bonds | 18 | 0.90% | — | Dec 2017 | OWMBX vs APUSX | |
| DFA NY Municipal Bond Portfolio | Municipal Bonds | 99 | 1.21% | — | Jun 2015 | OWMBX vs DNYMX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 79 | 0.76% | — | Jun 2012 | OWMBX vs FXIEX | |
| BlackRock MuniYield Quality Fund | Municipal Bonds | 22 | 3.23% | — | Jul 1992 | OWMBX vs MQY | |
| Nuveen Virginia Quality Municipal Income Fund | Municipal Bonds | 21 | 2.02% | — | Mar 1993 | OWMBX vs NPV | |
| BlackRock MuniHoldings California Quality Fund | Municipal Bonds | 45 | 4.60% | — | Feb 1998 | OWMBX vs MUC | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 95 | 0.82% | — | Dec 2017 | OWMBX vs FGNSX | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 63 | 4.35% | — | Mar 1998 | OWMBX vs MUJ |
Compare OWMBX with Any Fund or Stock
Compare OWMBX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair OWMBX with funds that move differently
Old Westbury Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OWMBX.
Explore OWMBX Diversifiers