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 210 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
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	—	May 2007	OWNYX vs NMTRX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	—	Feb 2021	OWNYX vs FHMIX
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 60. There are 442 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
DFSMX	DFA Short Term Municipal Bond Portfolio	100	—	Aug 2002	OWNYX vs DFSMX
ATOIX	abrdn Ultra Short Municipal Income Fund	99	—	Dec 2002	OWNYX vs ATOIX
FHMIX	Federated Hermes Conservative Municipal Microshort...	99	—	Feb 2021	OWNYX vs FHMIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	99	—	Apr 2016	OWNYX vs TFCYX

Top Performing OWNYX Alternatives (YTD)

OWNYX is at 0.37% YTD. There are 471 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.06%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	11.06%	—	Apr 1998	OWNYX vs NMI
NRK	Nuveen New York AMT Free Quality Municipal Income	10.21%	—	Nov 2002	OWNYX vs NRK
MIY	BlackRock MuniYield Michigan Quality Fund	8.32%	—	Oct 1992	OWNYX vs MIY
AFB	AllianceBernstein National Municipal Income Fund	6.66%	—	Nov 2001	OWNYX vs AFB
MUC	BlackRock MuniHoldings California Quality Fund	6.62%	—	Feb 1998	OWNYX vs MUC

Lowest Volatility Alternatives to OWNYX

OWNYX has 1.88% 1-year volatility. There are 82 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFSMX	DFA Short Term Municipal Bond Portfolio	0.55%	—	Aug 2002	OWNYX vs DFSMX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.56%	—	Apr 2022	OWNYX vs DFABX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.57%	—	Apr 2007	OWNYX vs DFCMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.58%	—	May 2016	OWNYX vs USMSX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.59%	—	May 2016	OWNYX vs USMTX

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
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	OWNYX vs FHMIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	—	Apr 2016	OWNYX vs TFCYX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	OWNYX vs ATOIX
DFSMX	DFA Short Term Municipal Bond Portfolio	-0.11%	—	Aug 2002	OWNYX 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
OWFIX	Old Westbury Fixed Income Fund	Intermediate Core Bond	21	-0.11%	—	Mar 1998	OWNYX vs OWFIX
OWLSX	Old Westbury Large Cap Strategies Fund	Global Equities	32	8.61%	—	Oct 1993	OWNYX vs OWLSX
OWACX	Old Westbury All Cap Core Fund	Large Cap Growth Equities	33	8.52%	—	Mar 1998	OWNYX vs OWACX
OWMBX	Old Westbury Municipal Bond Fund	Municipal Bonds	59	0.40%	—	Mar 1998	OWNYX vs OWMBX
OWCIX	Old Westbury Credit Income Fund	Multisector Bonds	36	1.40%	—	Sep 2020	OWNYX vs OWCIX
OWCAX	Old Westbury California Municipal Bond Fund	Municipal Bonds	58	0.19%	—	Dec 2018	OWNYX vs OWCAX
OWSMX	Old Westbury Small & Mid Cap Strategies Fund	Global Equities	30	10.51%	—	Apr 2005	OWNYX vs OWSMX

Often Compared With OWNYX

Investors most often compare OWNYX with PRMDX, DNYMX, NUV. These 9 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	78	1.06%	—	Jan 1993	OWNYX vs PRMDX
DNYMX	DFA NY Municipal Bond Portfolio	Municipal Bonds	99	1.29%	—	Jun 2015	OWNYX vs DNYMX
NUV	Nuveen Municipal Value Fund Inc.	Municipal Bonds	57	3.40%	—	Apr 1987	OWNYX vs NUV
FXIEX	PIMCO Fixed Income SHares: Series TE	Municipal Bonds	88	2.22%	—	Jun 2012	OWNYX vs FXIEX
MQY	BlackRock MuniYield Quality Fund	Municipal Bonds	29	5.45%	—	Jul 1992	OWNYX vs MQY
NPV	Nuveen Virginia Quality Municipal Income Fund	Municipal Bonds	29	6.33%	—	Mar 1993	OWNYX vs NPV
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	Municipal Bonds	19	1.00%	—	Dec 2017	OWNYX vs APUSX
FGNSX	Strategic Advisers Tax-Sensitive Short Duration Fu...	Municipal Bonds	98	1.02%	—	Dec 2017	OWNYX vs FGNSX
MUJ	BlackRock MuniHoldings New Jersey Quality Fund	Municipal Bonds	70	6.57%	—	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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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.

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Old Westbury New York Municipal Bond Fund (OWNYX) Alternatives