BCPIX vs. HOBIX
BCPIX (Brandes Core Plus Fixed Income Fund) and HOBIX (Holbrook Income Fund Class I) are both Intermediate Core-Plus Bond funds. Over the past 5 years, BCPIX returned 0.76%/yr vs 4.26%/yr for HOBIX. At a 0.34 correlation, their price movements are largely independent. BCPIX charges 0.30%/yr vs 1.05%/yr for HOBIX.
Performance
BCPIX vs. HOBIX - Performance Comparison
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Returns By Period
In the year-to-date period, BCPIX achieves a 0.28% return, which is significantly lower than HOBIX's 2.22% return.
BCPIX
- 1D
- 0.24%
- 1M
- 1.25%
- YTD
- 0.28%
- 6M
- 0.80%
- 1Y
- 4.15%
- 3Y*
- 4.27%
- 5Y*
- 0.76%
- 10Y*
- 1.77%
HOBIX
- 1D
- 0.00%
- 1M
- 0.38%
- YTD
- 2.22%
- 6M
- 3.19%
- 1Y
- 6.17%
- 3Y*
- 7.21%
- 5Y*
- 4.26%
- 10Y*
- —
BCPIX vs. HOBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCPIX Brandes Core Plus Fixed Income Fund | 0.28% | 6.71% | 1.98% | 6.70% | -10.78% | -0.34% | 5.77% | 6.65% | -0.45% | 2.74% |
HOBIX Holbrook Income Fund Class I | 2.22% | 7.67% | 7.66% | 5.65% | -2.91% | 6.13% | 7.45% | 7.70% | 1.74% | 2.75% |
Correlation
The correlation between BCPIX and HOBIX 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 | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.34 |
The correlation between BCPIX and HOBIX shifts across timeframes, from 0.34 (all time) to 0.51 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BCPIX vs. HOBIX — Risk / Return Rank
BCPIX
HOBIX
BCPIX vs. HOBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brandes Core Plus Fixed Income Fund (BCPIX) and Holbrook Income Fund Class I (HOBIX). 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.
| BCPIX | HOBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -7.80 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 4.27 | -3.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 12.16 | -10.58 |
| Martin ratioReturn relative to average drawdown | 4.67 | 41.70 | -37.03 |
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Drawdowns
BCPIX vs. HOBIX - Drawdown Comparison
The maximum BCPIX drawdown since its inception was -22.43%, roughly equal to the maximum HOBIX drawdown of -23.52%. Use the drawdown chart below to compare losses from any high point for BCPIX and HOBIX.
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Drawdown Indicators
| BCPIX | HOBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -23.52% | +1.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -0.51% | -2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -5.44% | -2.77% | -2.67% |
Max Drawdown (5Y)Largest decline over 5 years | -15.19% | -4.16% | -11.03% |
Max Drawdown (10Y)Largest decline over 10 years | -15.19% | — | — |
Current DrawdownCurrent decline from peak | -0.93% | -0.20% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -0.96% | -3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.15% | +0.74% |
Volatility
BCPIX vs. HOBIX - Volatility Comparison
Brandes Core Plus Fixed Income Fund (BCPIX) has a higher volatility of 1.17% compared to Holbrook Income Fund Class I (HOBIX) at 0.55%. This indicates that BCPIX's price experiences larger fluctuations and is considered to be riskier than HOBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCPIX | HOBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 0.55% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 1.51% | +1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.55% | 2.02% | +1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.10% | 2.65% | +2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.18% | 5.72% | -1.54% |
BCPIX vs. HOBIX - Expense Ratio Comparison
BCPIX has a 0.30% expense ratio, which is lower than HOBIX's 1.05% expense ratio.
Dividends
BCPIX vs. HOBIX - Dividend Comparison
BCPIX's dividend yield for the trailing twelve months is around 4.21%, less than HOBIX's 6.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCPIX Brandes Core Plus Fixed Income Fund | 4.21% | 4.32% | 3.67% | 2.91% | 2.54% | 1.89% | 1.76% | 2.77% | 2.90% | 2.49% | 2.84% | 2.72% |
HOBIX Holbrook Income Fund Class I | 6.31% | 6.45% | 7.04% | 6.35% | 5.31% | 3.97% | 6.30% | 3.51% | 4.32% | 2.12% | 0.00% | 0.00% |
Frequently Asked Questions
BCPIX and HOBIX 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.
BCPIX has higher volatility (1.17%) compared to HOBIX (0.55%). In terms of maximum drawdown, BCPIX dropped -22.43% vs HOBIX's -23.52%.
HOBIX currently has the higher Sharpe Ratio (3.08 vs 1.17), 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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