OWMBX vs. OWFIX
Compare and contrast key facts about Old Westbury Municipal Bond Fund (OWMBX) and Old Westbury Fixed Income Fund (OWFIX).
OWMBX is managed by Old Westbury. It was launched on Mar 5, 1998. OWFIX is managed by Old Westbury. It was launched on Mar 12, 1998.
Performance
OWMBX vs. OWFIX - Performance Comparison
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OWMBX vs. OWFIX - 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% |
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% |
Returns By Period
In the year-to-date period, OWMBX achieves a -0.76% return, which is significantly lower than OWFIX's -0.20% return. Over the past 10 years, OWMBX has underperformed OWFIX with an annualized return of 1.35%, while OWFIX has yielded a comparatively higher 1.71% 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%
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%
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OWMBX vs. OWFIX - Expense Ratio Comparison
Both OWMBX and OWFIX have an expense ratio of 0.57%.
Return for Risk
OWMBX vs. OWFIX — Risk / Return Rank
OWMBX
OWFIX
OWMBX vs. OWFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Old Westbury Municipal Bond Fund (OWMBX) and Old Westbury Fixed Income Fund (OWFIX). 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 | OWFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.38 | -0.34 |
Sortino ratioReturn per unit of downside risk | 1.40 | 2.13 | -0.73 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.26 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.84 | 3.08 | -2.25 |
Martin ratioReturn relative to average drawdown | 3.06 | 10.72 | -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
| OWMBX | OWFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.38 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.24 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.49 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 0.88 | +0.16 |
Correlation
The correlation between OWMBX and OWFIX 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
OWMBX vs. OWFIX - Dividend Comparison
OWMBX's dividend yield for the trailing twelve months is around 2.64%, less than OWFIX's 3.78% 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% |
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% |
Drawdowns
OWMBX vs. OWFIX - Drawdown Comparison
The maximum OWMBX drawdown since its inception was -9.54%, smaller than the maximum OWFIX drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for OWMBX and OWFIX.
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Drawdown Indicators
| OWMBX | OWFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.54% | -12.88% | +3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -2.15% | -1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -9.37% | -12.40% | +3.03% |
Max Drawdown (10Y)Largest decline over 10 years | -9.44% | -12.88% | +3.44% |
Current DrawdownCurrent decline from peak | -2.36% | -1.55% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -1.64% | -2.26% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.62% | +0.26% |
Volatility
OWMBX vs. OWFIX - Volatility Comparison
The current volatility for Old Westbury Municipal Bond Fund (OWMBX) is 0.86%, while Old Westbury Fixed Income Fund (OWFIX) has a volatility of 1.21%. This indicates that OWMBX experiences smaller price fluctuations and is considered to be less risky than OWFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OWMBX | OWFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 1.21% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 1.43% | 2.11% | -0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 3.68% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.09% | 4.39% | -1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.03% | 3.54% | -0.51% |