OWACX vs. CHASX

Last updated Jun 24, 2026

OWACX (Old Westbury All Cap Core Fund) and CHASX (Chase Growth Fund) are both Large Cap Growth Equities funds. Over the past 10 years, OWACX returned 14.04%/yr vs 20.71%/yr for CHASX. Their correlation of 0.87 suggests significant overlap in exposure. OWACX charges 0.96%/yr vs 1.14%/yr for CHASX.

Performance

OWACX vs. CHASX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Old Westbury All Cap Core Fund (OWACX) and Chase Growth Fund (CHASX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OWACX achieves a 8.13% return, which is significantly lower than CHASX's 26.58% return. Over the past 10 years, OWACX has underperformed CHASX with an annualized return of 14.04%, while CHASX has yielded a comparatively higher 20.71% annualized return.

OWACX

• 1D: -0.25%
• 1M: 1.17%
• YTD: 8.13%
• 6M: 7.38%
• 1Y: 18.54%
• 3Y*: 17.06%
• 5Y*: 9.66%
• 10Y*: 14.04%

CHASX

• 1D: 0.76%
• 1M: 4.66%
• YTD: 26.58%
• 6M: 24.69%
• 1Y: 50.78%
• 3Y*: 41.67%
• 5Y*: 22.61%
• 10Y*: 20.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

OWACX vs. CHASX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OWACX Old Westbury All Cap Core Fund	8.13%	10.45%	21.30%	25.93%	-22.18%	25.76%	23.61%	32.10%	-4.02%	20.93%
CHASX Chase Growth Fund	26.58%	20.61%	64.71%	25.91%	-20.41%	22.32%	18.27%	42.63%	-3.96%	24.49%

Correlation

The correlation between OWACX and CHASX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012	0.87

The correlation between OWACX and CHASX shifts across timeframes, from 0.75 (1 year) to 0.87 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

OWACX vs. CHASX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OWACX

OWACX Risk / Return Rank: 39
OWACX Sharpe Ratio Rank: 36
OWACX Sortino Ratio Rank: 38
OWACX Omega Ratio Rank: 36
OWACX Calmar Ratio Rank: 37
OWACX Martin Ratio Rank: 47

CHASX

CHASX Risk / Return Rank: 89
CHASX Sharpe Ratio Rank: 92
CHASX Sortino Ratio Rank: 84
CHASX Omega Ratio Rank: 80
CHASX Calmar Ratio Rank: 95
CHASX Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OWACX vs. CHASX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Old Westbury All Cap Core Fund (OWACX) and Chase Growth Fund (CHASX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	OWACX	CHASX	Difference
Sharpe ratio: Return per unit of total volatility	1.61	2.85	-1.24
Sortino ratio: Return per unit of downside risk	2.38	3.66	-1.29
Omega ratio: Gain probability vs. loss probability	1.29	1.48	-0.19
Calmar ratio: Return relative to maximum drawdown	2.18	5.25	-3.07
Martin ratio: Return relative to average drawdown	9.32	21.72	-12.40

OWACX vs. CHASX - Sharpe Ratio Comparison

The current OWACX Sharpe Ratio is 1.61, which is lower than the CHASX Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of OWACX and CHASX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OWACX vs. CHASX - Drawdown Comparison

The maximum OWACX drawdown since its inception was -34.01%, smaller than the maximum CHASX drawdown of -45.94%. Use the drawdown chart below to compare losses from any high point for OWACX and CHASX.

Drawdown Indicators

	OWACX	CHASX	Difference
Max Drawdown Largest peak-to-trough decline	-34.01%	-45.94%	+11.93%
Max Drawdown (1Y) Largest decline over 1 year	-9.93%	-9.90%	-0.03%
Max Drawdown (3Y) Largest decline over 3 years	-19.16%	-23.40%	+4.24%
Max Drawdown (5Y) Largest decline over 5 years	-28.11%	-24.63%	-3.48%
Max Drawdown (10Y) Largest decline over 10 years	-34.01%	-30.40%	-3.61%
Current Drawdown Current decline from peak	-0.47%	-0.20%	-0.27%
Average Drawdown Average peak-to-trough decline	-5.08%	-9.14%	+4.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	2.39%	-0.17%

Volatility

OWACX vs. CHASX - Volatility Comparison

The current volatility for Old Westbury All Cap Core Fund (OWACX) is 4.79%, while Chase Growth Fund (CHASX) has a volatility of 6.53%. This indicates that OWACX experiences smaller price fluctuations and is considered to be less risky than CHASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OWACX	CHASX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	6.53%	-1.74%
Volatility (6M) Calculated over the trailing 6-month period	10.70%	14.24%	-3.54%
Volatility (1Y) Calculated over the trailing 1-year period	13.47%	18.25%	-4.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.82%	20.36%	-2.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.53%	19.96%	-1.43%

OWACX vs. CHASX - Expense Ratio Comparison

OWACX has a 0.96% expense ratio, which is lower than CHASX's 1.14% expense ratio.

Dividends

OWACX vs. CHASX - Dividend Comparison

OWACX's dividend yield for the trailing twelve months is around 8.18%, more than CHASX's 7.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHASX Chase Growth Fund	7.21%	9.12%	36.67%	5.80%	5.49%	20.15%	7.83%	22.82%	12.92%	11.92%	9.14%	10.24%
OWACX Old Westbury All Cap Core Fund	8.18%	8.18%	10.64%	8.40%	2.54%	5.90%	3.18%	9.22%	5.05%	1.99%	1.08%	2.38%

Frequently Asked Questions

Can I hold both OWACX and CHASX in my portfolio?

OWACX and CHASX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OWACX or CHASX?

CHASX has higher volatility (6.53%) compared to OWACX (4.79%). In terms of maximum drawdown, OWACX dropped -34.01% vs CHASX's -45.94%.

Which has better risk-adjusted returns?

CHASX currently has the higher Sharpe Ratio (2.85 vs 1.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.