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 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 | OWMBX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | OWMBX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | OWMBX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | OWMBX vs FSMUX | |
| Fidelity Municipal Bond Index Fund | 0.07% | 0.00 | Jul 2019 | OWMBX vs FMBIX |
Best Risk-Adjusted Alternatives to OWMBX
OWMBX has a PortfoliosLab risk / return rank of 62. There are 384 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 | OWMBX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | OWMBX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | OWMBX vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | OWMBX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | OWMBX vs ATOIX |
Top Performing OWMBX Alternatives (YTD)
OWMBX is at 0.37% YTD. There are 474 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.65%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 11.65% | — | Apr 1998 | OWMBX vs NMI | |
| Nuveen Virginia Quality Municipal Income Fund | 6.88% | — | Mar 1993 | OWMBX vs NPV | |
| Nuveen New York AMT Free Quality Municipal Income | 6.87% | — | Nov 2002 | OWMBX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 6.20% | — | Nov 2001 | OWMBX vs AFB | |
| BlackRock MuniYield Michigan Quality Fund | 5.14% | — | Oct 1992 | OWMBX vs MIY |
Lowest Volatility Alternatives to OWMBX
OWMBX has 1.92% 1-year volatility. There are 86 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 | OWMBX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | OWMBX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | OWMBX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | OWMBX vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | OWMBX vs DFSMX |
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 | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | OWMBX vs APUSX | |
| 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 |
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 | 23 | 0.00% | — | Mar 1998 | OWMBX vs OWFIX | |
| Old Westbury Large Cap Strategies Fund | Global Equities | 28 | 9.24% | — | Oct 1993 | OWMBX vs OWLSX | |
| Old Westbury All Cap Core Fund | Large Cap Growth Equities | 39 | 7.77% | — | Mar 1998 | OWMBX vs OWACX | |
| Old Westbury Small & Mid Cap Strategies Fund | Global Equities | 34 | 11.72% | — | Apr 2005 | OWMBX vs OWSMX | |
| Old Westbury New York Municipal Bond Fund | Municipal Bonds | 63 | 0.48% | — | Dec 2018 | OWMBX vs OWNYX | |
| Old Westbury Credit Income Fund | Multisector Bonds | 46 | 1.83% | — | Sep 2020 | OWMBX vs OWCIX | |
| Old Westbury California Municipal Bond Fund | Municipal Bonds | 61 | 0.09% | — | Dec 2018 | OWMBX vs OWCAX |
Often Compared With OWMBX
Investors most often compare OWMBX with MPA, NQP, FGNSX. These 7 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 | 22 | 3.87% | — | Nov 1992 | OWMBX vs MPA | |
| Nuveen Pennsylvania Quality Municipal Income | Municipal Bonds | — | — | — | Feb 1991 | OWMBX vs NQP | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 96 | 0.67% | — | Dec 2017 | OWMBX vs FGNSX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 78 | 1.81% | — | Jun 2012 | OWMBX vs FXIEX | |
| BlackRock MuniYield Quality Fund | Municipal Bonds | 15 | 3.28% | — | Jul 1992 | OWMBX vs MQY | |
| BlackRock MuniHoldings California Quality Fund | Municipal Bonds | 23 | 4.06% | — | Feb 1998 | OWMBX vs MUC | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 44 | 4.64% | — | 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