OWACX vs. OWSMX
OWACX (Old Westbury All Cap Core Fund) and OWSMX (Old Westbury Small & Mid Cap Strategies Fund) are both mutual funds - OWACX is a Large Cap Growth Equities fund managed by Old Westbury, while OWSMX is a Global Equities fund managed by Old Westbury. Over the past 10 years, OWACX returned 13.24%/yr vs 7.25%/yr for OWSMX. Their correlation of 0.86 means they have usually moved in the same direction. OWACX charges 0.96%/yr vs 1.10%/yr for OWSMX.
Performance
OWACX vs. OWSMX - Performance Comparison
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Returns By Period
In the year-to-date period, OWACX achieves a 6.69% return, which is significantly lower than OWSMX's 9.30% return. Over the past 10 years, OWACX has outperformed OWSMX with an annualized return of 13.24%, while OWSMX has yielded a comparatively lower 7.25% annualized return.
OWACX
- 1D
- 0.59%
- 1M
- -1.09%
- 6M
- 4.90%
- YTD
- 6.69%
- 1Y
- 11.57%
- 3Y*
- 14.48%
- 5Y*
- 8.42%
- 10Y*
- 13.24%
- ALL TIME*
- 11.99%
OWSMX
- 1D
- -0.63%
- 1M
- -1.76%
- 6M
- 3.26%
- YTD
- 9.30%
- 1Y
- 17.85%
- 3Y*
- 12.16%
- 5Y*
- 3.17%
- 10Y*
- 7.25%
- ALL TIME*
- 8.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
OWACX vs. OWSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OWACX Old Westbury All Cap Core Fund | 6.69% | 10.45% | 21.30% | 25.93% | -22.18% | 25.76% | 23.61% | 32.10% | -4.02% | 20.93% |
OWSMX Old Westbury Small & Mid Cap Strategies Fund | 9.30% | 18.06% | 7.76% | 11.67% | -22.54% | 4.10% | 22.11% | 24.52% | -12.04% | 18.20% |
Correlation
The correlation between OWACX and OWSMX is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.86 |
The correlation between OWACX and OWSMX shifts across timeframes, from 0.74 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OWACX vs. OWSMX — Risk / Return Rank
OWACX
OWSMX
OWACX vs. OWSMX - 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 Small & Mid Cap Strategies Fund (OWSMX). 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 | OWSMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.51 | -0.23 |
| Martin ratioReturn relative to average drawdown | 5.35 | 5.71 | -0.35 |
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Drawdowns
OWACX vs. OWSMX - Drawdown Comparison
The maximum OWACX drawdown since its inception was -34.01%, smaller than the maximum OWSMX drawdown of -38.35%. Use the drawdown chart below to compare losses from any high point for OWACX and OWSMX.
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Drawdown Indicators
| OWACX | OWSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.01% | -38.35% | +4.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.93% | -11.67% | +1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -19.16% | -15.97% | -3.19% |
Max Drawdown (5Y)Largest decline over 5 years | -28.11% | -34.57% | +6.46% |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | -35.96% | +1.95% |
Current DrawdownCurrent decline from peak | -1.94% | -2.86% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -8.13% | +3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 3.09% | -0.81% |
Volatility
OWACX vs. OWSMX - Volatility Comparison
The current volatility for Old Westbury All Cap Core Fund (OWACX) is 3.74%, while Old Westbury Small & Mid Cap Strategies Fund (OWSMX) has a volatility of 4.14%. This indicates that OWACX experiences smaller price fluctuations and is considered to be less risky than OWSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OWACX | OWSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 4.14% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.92% | 12.04% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 14.59% | -0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.85% | 16.33% | +1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 16.42% | +2.03% |
OWACX vs. OWSMX - Expense Ratio Comparison
OWACX has a 0.96% expense ratio, which is lower than OWSMX's 1.10% expense ratio.
Dividends
OWACX vs. OWSMX - Dividend Comparison
OWACX's dividend yield for the trailing twelve months is around 8.29%, more than OWSMX's 7.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OWACX Old Westbury All Cap Core Fund | 8.29% | 8.18% | 10.64% | 8.40% | 2.54% | 5.90% | 3.18% | 9.22% | 5.05% | 1.99% | 1.08% | 2.38% |
OWSMX Old Westbury Small & Mid Cap Strategies Fund | 7.69% | 8.41% | 3.92% | 0.65% | 0.52% | 6.04% | 3.23% | 4.65% | 12.54% | 7.43% | 6.32% | 10.79% |
Frequently Asked Questions
OWACX and OWSMX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OWSMX has higher volatility (4.14%) compared to OWACX (3.74%). In terms of maximum drawdown, OWACX dropped -34.01% vs OWSMX's -38.35%.
OWSMX currently has the higher Sharpe Ratio (1.22 vs 0.92), 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.
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