OWMBX vs. OWACX
Compare and contrast key facts about Old Westbury Municipal Bond Fund (OWMBX) and Old Westbury All Cap Core Fund (OWACX).
OWMBX is managed by Old Westbury. It was launched on Mar 5, 1998. OWACX is managed by Old Westbury. It was launched on Mar 2, 1998.
Performance
OWMBX vs. OWACX - Performance Comparison
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OWMBX vs. OWACX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Returns By Period
In the year-to-date period, OWMBX achieves a -0.76% return, which is significantly higher than OWACX's -7.76% return. Over the past 10 years, OWMBX has underperformed OWACX with an annualized return of 1.35%, while OWACX has yielded a comparatively higher 12.06% annualized return.
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%
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%
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OWMBX vs. OWACX - Expense Ratio Comparison
OWMBX has a 0.57% expense ratio, which is lower than OWACX's 0.96% expense ratio.
Return for Risk
OWMBX vs. OWACX — Risk / Return Rank
OWMBX
OWACX
OWMBX vs. OWACX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Old Westbury Municipal Bond Fund (OWMBX) and Old Westbury All Cap Core Fund (OWACX). 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.
| OWMBX | OWACX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 0.33 | +0.71 |
Sortino ratioReturn per unit of downside risk | 1.40 | 0.65 | +0.75 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.09 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 0.84 | -0.13 | +0.96 |
Martin ratioReturn relative to average drawdown | 3.06 | -0.44 | +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
| OWMBX | OWACX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 0.33 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.47 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.67 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 0.66 | +0.38 |
Correlation
The correlation between OWMBX and OWACX 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
OWMBX vs. OWACX - Dividend Comparison
OWMBX's dividend yield for the trailing twelve months is around 2.64%, less than OWACX's 8.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
OWMBX vs. OWACX - Drawdown Comparison
The maximum OWMBX drawdown since its inception was -9.54%, smaller than the maximum OWACX drawdown of -34.01%. Use the drawdown chart below to compare losses from any high point for OWMBX and OWACX.
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Drawdown Indicators
| OWMBX | OWACX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.54% | -34.01% | +24.47% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -11.35% | +8.13% |
Max Drawdown (5Y)Largest decline over 5 years | -9.37% | -28.11% | +18.74% |
Max Drawdown (10Y)Largest decline over 10 years | -9.44% | -34.01% | +24.57% |
Current DrawdownCurrent decline from peak | -2.36% | -9.93% | +7.57% |
Average DrawdownAverage peak-to-trough decline | -1.64% | -5.15% | +3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 5.60% | -4.72% |
Volatility
OWMBX vs. OWACX - Volatility Comparison
The current volatility for Old Westbury Municipal Bond Fund (OWMBX) is 0.86%, while Old Westbury All Cap Core Fund (OWACX) has a volatility of 4.47%. This indicates that OWMBX experiences smaller price fluctuations and is considered to be less risky than OWACX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OWMBX | OWACX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 4.47% | -3.61% |
Volatility (6M)Calculated over the trailing 6-month period | 1.43% | 9.40% | -7.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 19.52% | -14.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.09% | 17.68% | -14.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.03% | 18.43% | -15.40% |