OWNYX vs. DFSMX
Compare and contrast key facts about Old Westbury New York Municipal Bond Fund (OWNYX) and DFA Short Term Municipal Bond Portfolio (DFSMX).
OWNYX is managed by Old Westbury. It was launched on Dec 3, 2018. DFSMX is managed by Dimensional. It was launched on Aug 19, 2002.
Performance
OWNYX vs. DFSMX - Performance Comparison
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OWNYX vs. DFSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
OWNYX Old Westbury New York Municipal Bond Fund | -0.43% | 4.64% | 0.45% | 4.24% | -5.03% | -0.31% | 3.74% | 4.95% | 0.68% |
DFSMX DFA Short Term Municipal Bond Portfolio | 0.55% | 2.30% | 2.84% | 2.98% | -0.36% | -0.11% | 0.83% | 1.62% | 0.20% |
Returns By Period
In the year-to-date period, OWNYX achieves a -0.43% return, which is significantly lower than DFSMX's 0.55% return.
OWNYX
- 1D
- 0.20%
- 1M
- -1.81%
- YTD
- -0.43%
- 6M
- 0.60%
- 1Y
- 3.16%
- 3Y*
- 2.24%
- 5Y*
- 0.81%
- 10Y*
- —
DFSMX
- 1D
- 0.00%
- 1M
- -0.05%
- YTD
- 0.55%
- 6M
- 1.10%
- 1Y
- 2.45%
- 3Y*
- 2.60%
- 5Y*
- 1.61%
- 10Y*
- 1.23%
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OWNYX vs. DFSMX - Expense Ratio Comparison
OWNYX has a 0.57% expense ratio, which is higher than DFSMX's 0.20% expense ratio.
Return for Risk
OWNYX vs. DFSMX — Risk / Return Rank
OWNYX
DFSMX
OWNYX vs. DFSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Old Westbury New York Municipal Bond Fund (OWNYX) and DFA Short Term Municipal Bond Portfolio (DFSMX). 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.
| OWNYX | DFSMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 3.68 | -2.81 |
Sortino ratioReturn per unit of downside risk | 1.15 | 6.50 | -5.35 |
Omega ratioGain probability vs. loss probability | 1.30 | 3.20 | -1.90 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 4.59 | -3.36 |
Martin ratioReturn relative to average drawdown | 4.53 | 21.82 | -17.28 |
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
| OWNYX | DFSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 3.68 | -2.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 2.08 | -1.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 1.78 | -1.25 |
Correlation
The correlation between OWNYX and DFSMX is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
OWNYX vs. DFSMX - Dividend Comparison
OWNYX's dividend yield for the trailing twelve months is around 2.41%, which matches DFSMX's 2.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OWNYX Old Westbury New York Municipal Bond Fund | 2.41% | 2.88% | 2.40% | 1.99% | 1.29% | 1.41% | 1.76% | 1.60% | 0.08% | 0.00% | 0.00% | 0.00% |
DFSMX DFA Short Term Municipal Bond Portfolio | 2.43% | 2.08% | 2.80% | 1.94% | 0.63% | 0.19% | 0.83% | 1.22% | 1.11% | 0.95% | 0.94% | 0.95% |
Drawdowns
OWNYX vs. DFSMX - Drawdown Comparison
The maximum OWNYX drawdown since its inception was -8.98%, which is greater than DFSMX's maximum drawdown of -2.66%. Use the drawdown chart below to compare losses from any high point for OWNYX and DFSMX.
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Drawdown Indicators
| OWNYX | DFSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.98% | -2.66% | -6.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -0.39% | -2.75% |
Max Drawdown (5Y)Largest decline over 5 years | -8.98% | -1.67% | -7.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -1.69% | — |
Current DrawdownCurrent decline from peak | -2.01% | -0.06% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -2.11% | -0.24% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.10% | +0.76% |
Volatility
OWNYX vs. DFSMX - Volatility Comparison
Old Westbury New York Municipal Bond Fund (OWNYX) has a higher volatility of 0.86% compared to DFA Short Term Municipal Bond Portfolio (DFSMX) at 0.11%. This indicates that OWNYX's price experiences larger fluctuations and is considered to be riskier than DFSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OWNYX | DFSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.11% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 1.29% | 0.35% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 0.68% | +3.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.05% | 0.78% | +2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.31% | 0.77% | +2.54% |