OWNYX vs. FXIEX

Last updated Apr 2, 2026

Compare and contrast key facts about Old Westbury New York Municipal Bond Fund (OWNYX) and PIMCO Fixed Income SHares: Series TE (FXIEX).

OWNYX is managed by Old Westbury. It was launched on Dec 3, 2018. FXIEX is managed by PIMCO. It was launched on Jun 24, 2012.

Performance

OWNYX vs. FXIEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Old Westbury New York Municipal Bond Fund (OWNYX) and PIMCO Fixed Income SHares: Series TE (FXIEX). The values are adjusted to include any dividend payments, if applicable.

OWNYX vs. FXIEX - 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%
FXIEX PIMCO Fixed Income SHares: Series TE	-0.20%	3.37%	5.16%	8.92%	-10.89%	2.19%	7.22%	8.45%	0.73%

Returns By Period

In the year-to-date period, OWNYX achieves a -0.43% return, which is significantly lower than FXIEX's -0.20% return.

OWNYX

• 1D: 0.20%
• 1M: -1.81%
• YTD: -0.43%
• 6M: 0.60%
• 1Y: 3.16%
• 3Y*: 2.24%
• 5Y*: 0.81%
• 10Y*: —

FXIEX

• 1D: 0.21%
• 1M: -1.12%
• YTD: -0.20%
• 6M: 0.41%
• 1Y: 2.40%
• 3Y*: 4.82%
• 5Y*: 1.57%
• 10Y*: 2.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

OWNYX vs. FXIEX - Expense Ratio Comparison

OWNYX has a 0.57% expense ratio, which is higher than FXIEX's 0.07% expense ratio.

OWNYX

Old Westbury New York Municipal Bond Fund

FXIEX

PIMCO Fixed Income SHares: Series TE

Return for Risk

OWNYX vs. FXIEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OWNYX

OWNYX Risk / Return Rank: 40
OWNYX Sharpe Ratio Rank: 33
OWNYX Sortino Ratio Rank: 26
OWNYX Omega Ratio Rank: 71
OWNYX Calmar Ratio Rank: 36
OWNYX Martin Ratio Rank: 34

FXIEX

FXIEX Risk / Return Rank: 14
FXIEX Sharpe Ratio Rank: 15
FXIEX Sortino Ratio Rank: 13
FXIEX Omega Ratio Rank: 19
FXIEX Calmar Ratio Rank: 13
FXIEX Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OWNYX vs. FXIEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Old Westbury New York Municipal Bond Fund (OWNYX) and PIMCO Fixed Income SHares: Series TE (FXIEX). 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	FXIEX	Difference
Sharpe ratio Return per unit of total volatility	0.87	0.55	+0.32
Sortino ratio Return per unit of downside risk	1.15	0.79	+0.36
Omega ratio Gain probability vs. loss probability	1.30	1.14	+0.15
Calmar ratio Return relative to maximum drawdown	1.23	0.60	+0.63
Martin ratio Return relative to average drawdown	4.53	1.78	+2.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OWNYX vs. FXIEX - Sharpe Ratio Comparison

The current OWNYX Sharpe Ratio is 0.87, which is higher than the FXIEX Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of OWNYX and FXIEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	OWNYX	FXIEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	0.55	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.38	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.57	-0.04

Correlation

The correlation between OWNYX and FXIEX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

OWNYX vs. FXIEX - Dividend Comparison

OWNYX's dividend yield for the trailing twelve months is around 2.41%, more than FXIEX's 2.02% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
FXIEX PIMCO Fixed Income SHares: Series TE	2.02%	2.75%	4.53%	3.98%	3.25%	2.63%	3.37%	3.63%	3.79%	2.67%

Drawdowns

OWNYX vs. FXIEX - Drawdown Comparison

The maximum OWNYX drawdown since its inception was -8.98%, smaller than the maximum FXIEX drawdown of -15.25%. Use the drawdown chart below to compare losses from any high point for OWNYX and FXIEX.

Drawdown Indicators

	OWNYX	FXIEX	Difference
Max Drawdown Largest peak-to-trough decline	-8.98%	-15.25%	+6.27%
Max Drawdown (1Y) Largest decline over 1 year	-3.14%	-5.11%	+1.97%
Max Drawdown (5Y) Largest decline over 5 years	-8.98%	-15.25%	+6.27%
Max Drawdown (10Y) Largest decline over 10 years	—	-15.25%	—
Current Drawdown Current decline from peak	-2.01%	-1.81%	-0.20%
Average Drawdown Average peak-to-trough decline	-2.11%	-2.92%	+0.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	1.84%	-0.98%

Volatility

OWNYX vs. FXIEX - Volatility Comparison

The current volatility for Old Westbury New York Municipal Bond Fund (OWNYX) is 0.86%, while PIMCO Fixed Income SHares: Series TE (FXIEX) has a volatility of 1.11%. This indicates that OWNYX experiences smaller price fluctuations and is considered to be less risky than FXIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OWNYX	FXIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.86%	1.11%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	1.29%	2.34%	-1.05%
Volatility (1Y) Calculated over the trailing 1-year period	4.53%	5.60%	-1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.05%	4.31%	-1.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.31%	4.07%	-0.76%