OWACX vs. OWMBX
Compare and contrast key facts about Old Westbury All Cap Core Fund (OWACX) and Old Westbury Municipal Bond Fund (OWMBX).
OWACX is managed by Old Westbury. It was launched on Mar 2, 1998. OWMBX is managed by Old Westbury. It was launched on Mar 5, 1998.
Performance
OWACX vs. OWMBX - Performance Comparison
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OWACX vs. OWMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OWACX Old Westbury All Cap Core Fund | -7.76% | 10.45% | 21.30% | 25.93% | -22.18% | 25.76% | 23.61% | 32.10% | -4.02% | 20.93% |
OWMBX Old Westbury Municipal Bond Fund | -0.76% | 4.29% | 0.43% | 4.03% | -5.39% | -0.63% | 5.01% | 5.58% | 0.87% | 2.22% |
Returns By Period
In the year-to-date period, OWACX achieves a -7.76% return, which is significantly lower than OWMBX's -0.76% return. Over the past 10 years, OWACX has outperformed OWMBX with an annualized return of 12.06%, while OWMBX has yielded a comparatively lower 1.35% annualized return.
OWACX
- 1D
- -0.25%
- 1M
- -8.61%
- YTD
- -7.76%
- 6M
- -6.25%
- 1Y
- 6.95%
- 3Y*
- 13.25%
- 5Y*
- 8.08%
- 10Y*
- 12.06%
OWMBX
- 1D
- 0.09%
- 1M
- -2.36%
- YTD
- -0.76%
- 6M
- 0.32%
- 1Y
- 3.28%
- 3Y*
- 1.96%
- 5Y*
- 0.55%
- 10Y*
- 1.35%
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OWACX vs. OWMBX - Expense Ratio Comparison
OWACX has a 0.96% expense ratio, which is higher than OWMBX's 0.57% expense ratio.
Return for Risk
OWACX vs. OWMBX — Risk / Return Rank
OWACX
OWMBX
OWACX vs. OWMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Old Westbury All Cap Core Fund (OWACX) and Old Westbury Municipal Bond Fund (OWMBX). 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.
| OWACX | OWMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.33 | 1.04 | -0.71 |
Sortino ratioReturn per unit of downside risk | 0.65 | 1.40 | -0.75 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.36 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | -0.13 | 0.84 | -0.96 |
Martin ratioReturn relative to average drawdown | -0.44 | 3.06 | -3.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OWACX | OWMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 1.04 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.18 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.45 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 1.04 | -0.38 |
Correlation
The correlation between OWACX and OWMBX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
OWACX vs. OWMBX - Dividend Comparison
OWACX's dividend yield for the trailing twelve months is around 8.86%, more than OWMBX's 2.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OWACX Old Westbury All Cap Core Fund | 8.86% | 8.18% | 10.64% | 8.40% | 2.54% | 5.90% | 3.18% | 9.22% | 5.05% | 1.99% | 1.08% | 2.38% |
OWMBX Old Westbury Municipal Bond Fund | 2.64% | 2.61% | 2.54% | 2.01% | 1.15% | 2.06% | 2.55% | 1.68% | 1.45% | 1.18% | 1.61% | 1.40% |
Drawdowns
OWACX vs. OWMBX - Drawdown Comparison
The maximum OWACX drawdown since its inception was -34.01%, which is greater than OWMBX's maximum drawdown of -9.54%. Use the drawdown chart below to compare losses from any high point for OWACX and OWMBX.
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Drawdown Indicators
| OWACX | OWMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.01% | -9.54% | -24.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.35% | -3.22% | -8.13% |
Max Drawdown (5Y)Largest decline over 5 years | -28.11% | -9.37% | -18.74% |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | -9.44% | -24.57% |
Current DrawdownCurrent decline from peak | -9.93% | -2.36% | -7.57% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -1.64% | -3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.60% | 0.88% | +4.72% |
Volatility
OWACX vs. OWMBX - Volatility Comparison
Old Westbury All Cap Core Fund (OWACX) has a higher volatility of 4.47% compared to Old Westbury Municipal Bond Fund (OWMBX) at 0.86%. This indicates that OWACX's price experiences larger fluctuations and is considered to be riskier than OWMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OWACX | OWMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 0.86% | +3.61% |
Volatility (6M)Calculated over the trailing 6-month period | 9.40% | 1.43% | +7.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.52% | 4.63% | +14.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.68% | 3.09% | +14.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.43% | 3.03% | +15.40% |