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CMFIX vs. HOBEX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CMFIX vs. HOBEX

Last updated Jun 23, 2026

CMFIX (CM Advisors Fixed Income Fund) and HOBEX (Holbrook Income Fund) are both Short-Term Bond funds. Over the past 5 years, CMFIX returned 4.36%/yr vs 3.76%/yr for HOBEX. At a 0.17 correlation, their price movements are largely independent. CMFIX charges 0.88%/yr vs 1.60%/yr for HOBEX.

Performance

CMFIX vs. HOBEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CM Advisors Fixed Income Fund (CMFIX) and Holbrook Income Fund (HOBEX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CMFIX achieves a 0.81% return, which is significantly lower than HOBEX's 1.91% return.

CMFIX

1D
0.00%
1M
-0.17%
YTD
0.81%
6M
1.02%
1Y
7.06%
3Y*
7.45%
5Y*
4.36%
10Y*
3.13%

HOBEX

1D
-0.10%
1M
0.34%
YTD
1.91%
6M
2.93%
1Y
5.65%
3Y*
6.54%
5Y*
3.76%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CMFIX vs. HOBEX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CMFIX
CM Advisors Fixed Income Fund		0.81%7.75%4.55%12.38%-3.67%3.06%0.88%2.82%-1.63%2.30%
HOBEX
Holbrook Income Fund		1.91%7.23%7.16%4.74%-3.42%6.25%6.83%7.30%1.26%2.42%

Correlation

The correlation between CMFIX and HOBEX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.22

Correlation (3Y)
Calculated over the trailing 3-year period

0.17

Correlation (5Y)
Calculated over the trailing 5-year period

0.20

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2017

0.17

Compare stocks, funds, or ETFs

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CM Advisors Fixed Income Fund

Holbrook Income Fund

Often compared with CMFIX:
CMFIX vs. FOSIXCMFIX vs. CPPAXCMFIX vs. GPARXCMFIX vs. DLSNXCMFIX vs. SNSAXCMFIX vs. BATAXCMFIX vs. SMRSX
Often compared with HOBEX:
HOBEX vs. PONPXHOBEX vs. PEYHOBEX vs. FDFIXHOBEX vs. HOBIXHOBEX vs. BINCHOBEX vs. PULSHOBEX vs. PQIPX

Return for Risk

CMFIX vs. HOBEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CMFIX
CMFIX Risk / Return Rank: 7272
Overall Rank
CMFIX Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
CMFIX Sortino Ratio Rank: 5353
Sortino Ratio Rank
CMFIX Omega Ratio Rank: 8484
Omega Ratio Rank
CMFIX Calmar Ratio Rank: 9090
Calmar Ratio Rank
CMFIX Martin Ratio Rank: 8989
Martin Ratio Rank
HOBEX
HOBEX Risk / Return Rank: 9797
Overall Rank
HOBEX Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
HOBEX Sortino Ratio Rank: 9898
Sortino Ratio Rank
HOBEX Omega Ratio Rank: 9898
Omega Ratio Rank
HOBEX Calmar Ratio Rank: 9999
Calmar Ratio Rank
HOBEX Martin Ratio Rank: 9898
Martin Ratio Rank
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.

CMFIX vs. HOBEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CM Advisors Fixed Income Fund (CMFIX) and Holbrook Income Fund (HOBEX). 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.

CMFIXHOBEXDifference
Sharpe ratioReturn per unit of total volatility
1.82
2.74

-0.93

Sortino ratioReturn per unit of downside risk
2.81
7.16

-4.35

Omega ratioGain probability vs. loss probability

1.52

2.43

-0.91

Calmar ratioReturn relative to maximum drawdown

4.39

9.35

-4.96

Martin ratioReturn relative to average drawdown

16.12

33.19

-17.07

CMFIX vs. HOBEX - Sharpe Ratio Comparison

The current CMFIX Sharpe Ratio is 1.82, which is lower than the HOBEX Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of CMFIX and HOBEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CMFIX vs. HOBEX - Drawdown Comparison

The maximum CMFIX drawdown since its inception was -15.96%, smaller than the maximum HOBEX drawdown of -23.58%. Use the drawdown chart below to compare losses from any high point for CMFIX and HOBEX.

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Drawdown Indicators

CMFIXHOBEXDifference

Max Drawdown

Largest peak-to-trough decline

-15.96%

-23.58%

+7.62%

Max Drawdown (1Y)

Largest decline over 1 year

-1.64%

-0.61%

-1.03%

Max Drawdown (3Y)

Largest decline over 3 years

-3.65%

-2.74%

-0.91%

Max Drawdown (5Y)

Largest decline over 5 years

-4.81%

-4.57%

-0.24%

Max Drawdown (10Y)

Largest decline over 10 years

-4.81%

—

—

Current Drawdown

Current decline from peak

-0.65%

-0.20%

-0.45%

Average Drawdown

Average peak-to-trough decline

-1.04%

-1.06%

+0.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.45%

0.17%

+0.28%

Volatility

CMFIX vs. HOBEX - Volatility Comparison

CM Advisors Fixed Income Fund (CMFIX) has a higher volatility of 1.60% compared to Holbrook Income Fund (HOBEX) at 0.49%. This indicates that CMFIX's price experiences larger fluctuations and is considered to be riskier than HOBEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CMFIXHOBEXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.60%

0.49%

+1.11%

Volatility (6M)

Calculated over the trailing 6-month period

2.37%

1.54%

+0.83%

Volatility (1Y)

Calculated over the trailing 1-year period

3.96%

2.07%

+1.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.15%

2.61%

+1.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.19%

5.71%

-2.52%

CMFIX vs. HOBEX - Expense Ratio Comparison

CMFIX has a 0.88% expense ratio, which is lower than HOBEX's 1.60% expense ratio.

Dividends

CMFIX vs. HOBEX - Dividend Comparison

CMFIX's dividend yield for the trailing twelve months is around 4.80%, less than HOBEX's 5.81% yield.

PositionTTM20252024202320222021202020192018201720162015
CMFIX
CM Advisors Fixed Income Fund		4.80%3.28%3.91%4.21%1.33%2.49%1.63%2.23%3.34%3.74%3.50%1.85%
HOBEX
Holbrook Income Fund		5.81%5.94%6.58%5.05%4.83%4.00%5.44%3.05%3.84%1.69%0.00%0.00%

Frequently Asked Questions

CMFIX and HOBEX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CMFIX has higher volatility (1.60%) compared to HOBEX (0.49%). In terms of maximum drawdown, CMFIX dropped -15.96% vs HOBEX's -23.58%.

HOBEX currently has the higher Sharpe Ratio (2.74 vs 1.82), 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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