OWCIX vs. MOFIX
OWCIX (Old Westbury Credit Income Fund) and MOFIX (Mercer Opportunistic Fixed Income Fund) are both Multisector Bonds funds. Over the past 5 years, OWCIX returned 0.16%/yr vs 1.20%/yr for MOFIX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. OWCIX charges 0.85%/yr vs 0.44%/yr for MOFIX.
Performance
OWCIX vs. MOFIX - Performance Comparison
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Returns By Period
In the year-to-date period, OWCIX achieves a 0.38% return, which is significantly higher than MOFIX's -2.24% return.
OWCIX
- 1D
- -0.26%
- 1M
- -1.39%
- 6M
- 0.00%
- YTD
- 0.38%
- 1Y
- 3.99%
- 3Y*
- 5.30%
- 5Y*
- 0.16%
- 10Y*
- —
- ALL TIME*
- 0.98%
MOFIX
- 1D
- -0.12%
- 1M
- -1.07%
- 6M
- -2.47%
- YTD
- -2.24%
- 1Y
- -0.14%
- 3Y*
- 4.37%
- 5Y*
- 1.20%
- 10Y*
- —
- ALL TIME*
- 2.02%
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 |
OWCIX vs. MOFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
OWCIX Old Westbury Credit Income Fund | 0.38% | 9.35% | 2.32% | 6.42% | -16.20% | 2.77% | 2.78% |
MOFIX Mercer Opportunistic Fixed Income Fund | -2.24% | 8.60% | 2.23% | 12.22% | -11.57% | -1.15% | 2.91% |
Correlation
The correlation between OWCIX and MOFIX is 0.66, 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. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2020 | 0.65 |
The correlation between OWCIX and MOFIX has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.
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Return for Risk
OWCIX vs. MOFIX — Risk / Return Rank
OWCIX
MOFIX
OWCIX vs. MOFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Old Westbury Credit Income Fund (OWCIX) and Mercer Opportunistic Fixed Income Fund (MOFIX). 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.
| OWCIX | MOFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.99 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | -0.04 | +1.56 |
| Martin ratioReturn relative to average drawdown | 4.19 | -0.11 | +4.30 |
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Drawdowns
OWCIX vs. MOFIX - Drawdown Comparison
The maximum OWCIX drawdown since its inception was -19.92%, roughly equal to the maximum MOFIX drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for OWCIX and MOFIX.
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Drawdown Indicators
| OWCIX | MOFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.92% | -19.96% | +0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -3.52% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -5.81% | -8.02% | +2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -19.92% | -19.00% | -0.92% |
Current DrawdownCurrent decline from peak | -2.01% | -2.70% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -7.43% | -5.10% | -2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 1.33% | -0.32% |
Volatility
OWCIX vs. MOFIX - Volatility Comparison
Old Westbury Credit Income Fund (OWCIX) has a higher volatility of 1.11% compared to Mercer Opportunistic Fixed Income Fund (MOFIX) at 0.68%. This indicates that OWCIX's price experiences larger fluctuations and is considered to be riskier than MOFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OWCIX | MOFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 0.68% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 2.38% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 2.98% | +1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 7.26% | -1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.88% | 7.10% | -1.22% |
OWCIX vs. MOFIX - Expense Ratio Comparison
OWCIX has a 0.85% expense ratio, which is higher than MOFIX's 0.44% expense ratio.
Dividends
OWCIX vs. MOFIX - Dividend Comparison
OWCIX's dividend yield for the trailing twelve months is around 5.31%, more than MOFIX's 3.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
MOFIX Mercer Opportunistic Fixed Income Fund | 3.40% | 3.32% | 6.91% | 6.44% | 3.81% | 4.20% | 0.00% |
OWCIX Old Westbury Credit Income Fund | 5.31% | 7.01% | 5.83% | 5.44% | 5.30% | 3.91% | 1.06% |
Frequently Asked Questions
OWCIX and MOFIX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OWCIX has higher volatility (1.11%) compared to MOFIX (0.68%). In terms of maximum drawdown, OWCIX dropped -19.92% vs MOFIX's -19.96%.
OWCIX currently has the higher Sharpe Ratio (0.95 vs -0.05), 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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