OWNYX Alternatives & Similar Mutual Funds

Old Westbury New York Municipal Bond Fund (OWNYX) 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 OWNYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to OWNYX

OWNYX 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
LSMSX	Western Asset SMASh Series TF Fund	0.01%	—	Dec 2015	OWNYX vs LSMSX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	—	Feb 2021	OWNYX vs FHMIX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	—	May 2007	OWNYX vs NMTRX
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	0.05%	12.30B	Sep 1994	OWNYX vs VTMFX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	—	Jun 2021	OWNYX vs FSMUX

Best Risk-Adjusted Alternatives to OWNYX

OWNYX has a PortfoliosLab risk / return rank of 59. There are 430 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	100	—	Apr 2022	OWNYX vs DFABX
ATOIX	abrdn Ultra Short Municipal Income Fund	99	—	Dec 2002	OWNYX vs ATOIX
DFCMX	DFA California Short Term Municipal Bond Portfolio	99	—	Apr 2007	OWNYX vs DFCMX
DNYMX	DFA NY Municipal Bond Portfolio	99	—	Jun 2015	OWNYX vs DNYMX
DFSMX	DFA Short Term Municipal Bond Portfolio	99	—	Aug 2002	OWNYX vs DFSMX

Top Performing OWNYX Alternatives (YTD)

OWNYX is at 0.47% YTD. There are 471 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 13.22%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	13.22%	—	Apr 1998	OWNYX vs NMI
NRK	Nuveen New York AMT Free Quality Municipal Income	9.70%	—	Nov 2002	OWNYX vs NRK
AFB	AllianceBernstein National Municipal Income Fund	7.62%	—	Nov 2001	OWNYX vs AFB
MIY	BlackRock MuniYield Michigan Quality Fund	6.57%	—	Oct 1992	OWNYX vs MIY
NPV	Nuveen Virginia Quality Municipal Income Fund	6.33%	—	Mar 1993	OWNYX vs NPV

Lowest Volatility Alternatives to OWNYX

OWNYX has 1.88% 1-year volatility. There are 83 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.56%	—	Apr 2022	OWNYX vs DFABX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.59%	—	Apr 2007	OWNYX vs DFCMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.59%	—	May 2016	OWNYX vs USMSX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.60%	—	May 2016	OWNYX vs USMTX
DFSMX	DFA Short Term Municipal Bond Portfolio	0.61%	—	Aug 2002	OWNYX vs DFSMX

Lowest Drawdown Alternatives to OWNYX

OWNYX has a 1-year max drawdown of -2.30%. There are 108 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
BATVX	BlackRock Allocation Target Shares	0.00%	—	May 2021	OWNYX vs BATVX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	—	Apr 2016	OWNYX vs TFCYX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	OWNYX vs FHMIX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	OWNYX vs ATOIX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	-0.10%	—	Dec 2017	OWNYX vs APUSX

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
OWFIX	Old Westbury Fixed Income Fund	Intermediate Core Bond	19	-0.21%	—	Mar 1998	OWNYX vs OWFIX
OWLSX	Old Westbury Large Cap Strategies Fund	Global Equities	29	8.08%	—	Oct 1993	OWNYX vs OWLSX
OWACX	Old Westbury All Cap Core Fund	Large Cap Growth Equities	39	8.13%	—	Mar 1998	OWNYX vs OWACX
OWMBX	Old Westbury Municipal Bond Fund	Municipal Bonds	60	0.48%	—	Mar 1998	OWNYX vs OWMBX
OWCIX	Old Westbury Credit Income Fund	Multisector Bonds	41	1.92%	—	Sep 2020	OWNYX vs OWCIX
OWSMX	Old Westbury Small & Mid Cap Strategies Fund	Global Equities	40	12.29%	—	Apr 2005	OWNYX vs OWSMX
OWCAX	Old Westbury California Municipal Bond Fund	Municipal Bonds	58	0.19%	—	Dec 2018	OWNYX vs OWCAX

Often Compared With OWNYX

Investors most often compare OWNYX with PRMDX, MUC, NUV. These 7 comparison targets span 1 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PRMDX	T. Rowe Price Maryland Short-Term Tax-Free Bond Fu...	Municipal Bonds	75	0.85%	—	Jan 1993	OWNYX vs PRMDX
MUC	BlackRock MuniHoldings California Quality Fund	Municipal Bonds	36	5.84%	—	Feb 1998	OWNYX vs MUC
NUV	Nuveen Municipal Value Fund Inc.	Municipal Bonds	44	3.17%	—	Apr 1987	OWNYX vs NUV
FXIEX	PIMCO Fixed Income SHares: Series TE	Municipal Bonds	78	1.81%	—	Jun 2012	OWNYX vs FXIEX
FGNSX	Strategic Advisers Tax-Sensitive Short Duration Fu...	Municipal Bonds	97	0.77%	—	Dec 2017	OWNYX vs FGNSX
MQY	BlackRock MuniYield Quality Fund	Municipal Bonds	21	4.72%	—	Jul 1992	OWNYX vs MQY
MUJ	BlackRock MuniHoldings New Jersey Quality Fund	Municipal Bonds	51	5.45%	—	Mar 1998	OWNYX vs MUJ

Compare OWNYX with Any Fund or Stock

Compare OWNYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair OWNYX with funds that move differently

Old Westbury New York Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OWNYX.

Explore OWNYX Diversifiers

Old Westbury New York Municipal Bond Fund (OWNYX) Alternatives