OWSMX vs. FGIAX
OWSMX (Old Westbury Small & Mid Cap Strategies Fund) and FGIAX (Nuveen Global Infrastructure Fund Class A) are both Global Equities funds. Over the past 10 years, OWSMX returned 8.18%/yr vs 8.78%/yr for FGIAX. A 0.76 correlation means they provide meaningful diversification when combined. OWSMX charges 1.10%/yr vs 1.21%/yr for FGIAX.
Performance
OWSMX vs. FGIAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with OWSMX having a 12.29% return and FGIAX slightly lower at 11.69%. Over the past 10 years, OWSMX has underperformed FGIAX with an annualized return of 8.18%, while FGIAX has yielded a comparatively higher 8.78% annualized return.
OWSMX
- 1D
- 0.26%
- 1M
- 1.93%
- YTD
- 12.29%
- 6M
- 11.40%
- 1Y
- 23.11%
- 3Y*
- 15.40%
- 5Y*
- 3.69%
- 10Y*
- 8.18%
FGIAX
- 1D
- 0.47%
- 1M
- -0.62%
- YTD
- 11.69%
- 6M
- 11.63%
- 1Y
- 17.34%
- 3Y*
- 15.17%
- 5Y*
- 9.78%
- 10Y*
- 8.78%
OWSMX vs. FGIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OWSMX Old Westbury Small & Mid Cap Strategies Fund | 12.29% | 18.06% | 7.76% | 11.67% | -22.54% | 4.10% | 22.11% | 24.52% | -12.04% | 18.20% |
FGIAX Nuveen Global Infrastructure Fund Class A | 11.69% | 17.73% | 10.70% | 8.51% | -6.23% | 14.51% | -2.76% | 29.32% | -7.91% | 19.40% |
Correlation
The correlation between OWSMX and FGIAX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2007 | 0.76 |
Over the past year, the correlation between OWSMX and FGIAX has dropped to 0.51 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
OWSMX vs. FGIAX — Risk / Return Rank
OWSMX
FGIAX
OWSMX vs. FGIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Old Westbury Small & Mid Cap Strategies Fund (OWSMX) and Nuveen Global Infrastructure Fund Class A (FGIAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OWSMX | FGIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 3.04 | -0.94 |
| Martin ratioReturn relative to average drawdown | 8.10 | 9.58 | -1.48 |
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Drawdowns
OWSMX vs. FGIAX - Drawdown Comparison
The maximum OWSMX drawdown since its inception was -38.35%, smaller than the maximum FGIAX drawdown of -49.35%. Use the drawdown chart below to compare losses from any high point for OWSMX and FGIAX.
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Drawdown Indicators
| OWSMX | FGIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.35% | -49.35% | +11.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -6.04% | -5.63% |
Max Drawdown (3Y)Largest decline over 3 years | -15.97% | -12.45% | -3.52% |
Max Drawdown (5Y)Largest decline over 5 years | -34.57% | -21.08% | -13.49% |
Max Drawdown (10Y)Largest decline over 10 years | -35.96% | -38.02% | +2.06% |
Current DrawdownCurrent decline from peak | -0.20% | -2.45% | +2.25% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -7.16% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 1.91% | +1.10% |
Volatility
OWSMX vs. FGIAX - Volatility Comparison
Old Westbury Small & Mid Cap Strategies Fund (OWSMX) has a higher volatility of 5.07% compared to Nuveen Global Infrastructure Fund Class A (FGIAX) at 3.37%. This indicates that OWSMX's price experiences larger fluctuations and is considered to be riskier than FGIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OWSMX | FGIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.07% | 3.37% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 11.57% | 8.65% | +2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.17% | 10.48% | +3.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.29% | 13.22% | +3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.47% | 15.22% | +1.25% |
OWSMX vs. FGIAX - Expense Ratio Comparison
OWSMX has a 1.10% expense ratio, which is lower than FGIAX's 1.21% expense ratio.
Dividends
OWSMX vs. FGIAX - Dividend Comparison
OWSMX's dividend yield for the trailing twelve months is around 7.49%, less than FGIAX's 14.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGIAX Nuveen Global Infrastructure Fund Class A | 14.28% | 9.99% | 7.46% | 2.27% | 6.11% | 7.20% | 1.38% | 7.06% | 6.32% | 5.83% | 8.23% | 3.05% |
OWSMX Old Westbury Small & Mid Cap Strategies Fund | 7.49% | 8.41% | 3.92% | 0.65% | 0.52% | 6.04% | 3.23% | 4.65% | 12.54% | 7.43% | 6.32% | 10.79% |
Frequently Asked Questions
OWSMX and FGIAX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OWSMX has higher volatility (5.07%) compared to FGIAX (3.37%). In terms of maximum drawdown, OWSMX dropped -38.35% vs FGIAX's -49.35%.
FGIAX currently has the higher Sharpe Ratio (1.75 vs 1.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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