OWFIX vs. OWMBX
Compare and contrast key facts about Old Westbury Fixed Income Fund (OWFIX) and Old Westbury Municipal Bond Fund (OWMBX).
OWFIX is managed by Old Westbury. It was launched on Mar 12, 1998. OWMBX is managed by Old Westbury. It was launched on Mar 5, 1998.
Performance
OWFIX vs. OWMBX - Performance Comparison
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OWFIX vs. OWMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OWFIX Old Westbury Fixed Income Fund | -0.20% | 7.48% | 1.93% | 4.81% | -8.39% | -1.87% | 7.41% | 6.12% | 0.64% | 1.41% |
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, OWFIX achieves a -0.20% return, which is significantly higher than OWMBX's -0.76% return. Over the past 10 years, OWFIX has outperformed OWMBX with an annualized return of 1.71%, while OWMBX has yielded a comparatively lower 1.35% annualized return.
OWFIX
- 1D
- 0.40%
- 1M
- -1.55%
- YTD
- -0.20%
- 6M
- 0.74%
- 1Y
- 3.61%
- 3Y*
- 3.84%
- 5Y*
- 1.01%
- 10Y*
- 1.71%
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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OWFIX vs. OWMBX - Expense Ratio Comparison
Both OWFIX and OWMBX have an expense ratio of 0.57%.
Return for Risk
OWFIX vs. OWMBX — Risk / Return Rank
OWFIX
OWMBX
OWFIX vs. OWMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Old Westbury Fixed Income Fund (OWFIX) 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.
| OWFIX | OWMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 1.04 | +0.34 |
Sortino ratioReturn per unit of downside risk | 2.13 | 1.40 | +0.73 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.36 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 3.08 | 0.84 | +2.25 |
Martin ratioReturn relative to average drawdown | 10.72 | 3.06 | +7.66 |
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
| OWFIX | OWMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.04 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.18 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.45 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 1.04 | -0.16 |
Correlation
The correlation between OWFIX and OWMBX is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
OWFIX vs. OWMBX - Dividend Comparison
OWFIX's dividend yield for the trailing twelve months is around 3.78%, more than OWMBX's 2.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OWFIX Old Westbury Fixed Income Fund | 3.78% | 4.72% | 3.95% | 3.08% | 2.06% | 1.91% | 5.05% | 1.88% | 1.90% | 1.49% | 1.33% | 1.31% |
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
OWFIX vs. OWMBX - Drawdown Comparison
The maximum OWFIX drawdown since its inception was -12.88%, which is greater than OWMBX's maximum drawdown of -9.54%. Use the drawdown chart below to compare losses from any high point for OWFIX and OWMBX.
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Drawdown Indicators
| OWFIX | OWMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.88% | -9.54% | -3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.15% | -3.22% | +1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -12.40% | -9.37% | -3.03% |
Max Drawdown (10Y)Largest decline over 10 years | -12.88% | -9.44% | -3.44% |
Current DrawdownCurrent decline from peak | -1.55% | -2.36% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -2.26% | -1.64% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 0.88% | -0.26% |
Volatility
OWFIX vs. OWMBX - Volatility Comparison
Old Westbury Fixed Income Fund (OWFIX) has a higher volatility of 1.21% compared to Old Westbury Municipal Bond Fund (OWMBX) at 0.86%. This indicates that OWFIX'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
| OWFIX | OWMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 0.86% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 1.43% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 4.63% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.39% | 3.09% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.54% | 3.03% | +0.51% |