BILDX vs. HOBIX

Last updated Jun 3, 2026

BILDX (DoubleLine Infrastructure Income Fund) and HOBIX (Holbrook Income Fund Class I) are both Intermediate Core-Plus Bond funds. Over the past 5 years, BILDX returned 1.75%/yr vs 4.33%/yr for HOBIX. At a 0.27 correlation, their price movements are largely independent. BILDX charges 0.57%/yr vs 1.05%/yr for HOBIX.

Performance

BILDX vs. HOBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Infrastructure Income Fund (BILDX) and Holbrook Income Fund Class I (HOBIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BILDX achieves a 0.86% return, which is significantly lower than HOBIX's 2.43% return.

BILDX

• 1D: -0.12%
• 1M: 0.41%
• YTD: 0.86%
• 6M: 0.90%
• 1Y: 6.02%
• 3Y*: 6.02%
• 5Y*: 1.75%
• 10Y*: —

HOBIX

• 1D: 0.00%
• 1M: 0.48%
• YTD: 2.43%
• 6M: 2.87%
• 1Y: 6.61%
• 3Y*: 7.32%
• 5Y*: 4.33%
• 10Y*: —

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

BILDX vs. HOBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BILDX DoubleLine Infrastructure Income Fund	0.86%	7.59%	4.41%	8.89%	-11.54%	0.14%	5.48%	8.30%	0.39%	5.66%
HOBIX Holbrook Income Fund Class I	2.43%	7.67%	7.66%	5.65%	-2.91%	6.13%	7.45%	7.70%	1.74%	2.75%

Correlation

The correlation between BILDX and HOBIX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.27

The correlation between BILDX and HOBIX shifts across timeframes, from 0.27 (all time) to 0.38 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BILDX vs. HOBIX — Risk / Return Rank

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

BILDX

BILDX Risk / Return Rank: 44
BILDX Sharpe Ratio Rank: 41
BILDX Sortino Ratio Rank: 48
BILDX Omega Ratio Rank: 42
BILDX Calmar Ratio Rank: 49
BILDX Martin Ratio Rank: 41

HOBIX

HOBIX Risk / Return Rank: 98
HOBIX Sharpe Ratio Rank: 95
HOBIX Sortino Ratio Rank: 99
HOBIX Omega Ratio Rank: 100
HOBIX Calmar Ratio Rank: 99
HOBIX Martin Ratio Rank: 99

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.

BILDX vs. HOBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Infrastructure Income Fund (BILDX) 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.

	BILDX	HOBIX	Difference
Sharpe ratio Return per unit of total volatility	1.88	3.31	-1.43
Sortino ratio Return per unit of downside risk	2.91	10.66	-7.75
Omega ratio Gain probability vs. loss probability	1.35	5.19	-3.84
Calmar ratio Return relative to maximum drawdown	2.71	14.03	-11.32
Martin ratio Return relative to average drawdown	8.81	48.98	-40.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BILDX vs. HOBIX - Sharpe Ratio Comparison

The current BILDX Sharpe Ratio is 1.88, which is lower than the HOBIX Sharpe Ratio of 3.31. The chart below compares the historical Sharpe Ratios of BILDX and HOBIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BILDX	HOBIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	3.31	-1.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	1.64	-1.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.85	-0.11

Drawdowns

BILDX vs. HOBIX - Drawdown Comparison

The maximum BILDX drawdown since its inception was -15.68%, smaller than the maximum HOBIX drawdown of -23.52%. Use the drawdown chart below to compare losses from any high point for BILDX and HOBIX.

Drawdown Indicators

	BILDX	HOBIX	Difference
Max Drawdown Largest peak-to-trough decline	-15.68%	-23.52%	+7.84%
Max Drawdown (1Y) Largest decline over 1 year	-2.21%	-0.51%	-1.70%
Max Drawdown (3Y) Largest decline over 3 years	-3.31%	-2.77%	-0.54%
Max Drawdown (5Y) Largest decline over 5 years	-15.68%	-4.16%	-11.52%
Current Drawdown Current decline from peak	-0.67%	0.00%	-0.67%
Average Drawdown Average peak-to-trough decline	-3.00%	-0.97%	-2.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	0.15%	+0.53%

Volatility

BILDX vs. HOBIX - Volatility Comparison

DoubleLine Infrastructure Income Fund (BILDX) has a higher volatility of 0.97% compared to Holbrook Income Fund Class I (HOBIX) at 0.53%. This indicates that BILDX'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.

Volatility by Period

	BILDX	HOBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.97%	0.53%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	2.20%	1.63%	+0.57%
Volatility (1Y) Calculated over the trailing 1-year period	3.09%	2.01%	+1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.41%	2.65%	+1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.09%	5.74%	-1.65%

BILDX vs. HOBIX - Expense Ratio Comparison

BILDX has a 0.57% expense ratio, which is lower than HOBIX's 1.05% expense ratio.

Dividends

BILDX vs. HOBIX - Dividend Comparison

BILDX's dividend yield for the trailing twelve months is around 4.94%, less than HOBIX's 6.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BILDX DoubleLine Infrastructure Income Fund	4.94%	4.64%	4.11%	3.42%	3.31%	3.45%	2.89%	3.40%	3.18%	3.22%
HOBIX Holbrook Income Fund Class I	6.29%	6.45%	7.04%	6.35%	5.31%	3.97%	6.30%	3.51%	4.32%	2.12%

Frequently Asked Questions

Can I hold both BILDX and HOBIX in my portfolio?

BILDX and HOBIX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BILDX or HOBIX?

BILDX has higher volatility (0.97%) compared to HOBIX (0.53%). In terms of maximum drawdown, BILDX dropped -15.68% vs HOBIX's -23.52%.

Which has better risk-adjusted returns?

HOBIX currently has the higher Sharpe Ratio (3.31 vs 1.88), 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.