DHRAX vs. JIBFX
DHRAX (Diamond Hill Core Bond Fund) and JIBFX (Johnson Institutional Core Bond Fund) are both Intermediate Core Bond funds. Over the past 5 years, DHRAX returned 0.21%/yr vs -0.57%/yr for JIBFX. Their correlation of 0.95 means they have usually moved in the same direction. DHRAX charges 0.76%/yr vs 0.25%/yr for JIBFX.
Performance
DHRAX vs. JIBFX - Performance Comparison
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Returns By Period
In the year-to-date period, DHRAX achieves a -0.09% return, which is significantly higher than JIBFX's -0.52% return.
DHRAX
- 1D
- 0.22%
- 1M
- -0.85%
- 6M
- -0.32%
- YTD
- -0.09%
- 1Y
- 1.98%
- 3Y*
- 4.59%
- 5Y*
- 0.21%
- 10Y*
- —
- ALL TIME*
- 2.21%
JIBFX
- 1D
- 0.28%
- 1M
- -0.89%
- 6M
- -0.58%
- YTD
- -0.52%
- 1Y
- 1.92%
- 3Y*
- 4.17%
- 5Y*
- -0.57%
- 10Y*
- 1.60%
- ALL TIME*
- 1.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DHRAX vs. JIBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHRAX Diamond Hill Core Bond Fund | -0.09% | 6.55% | 3.18% | 6.20% | -12.05% | -1.24% | 7.60% | 7.63% | 1.28% | 3.75% |
JIBFX Johnson Institutional Core Bond Fund | -0.52% | 7.87% | 1.21% | 5.43% | -13.69% | -2.04% | 9.71% | 8.95% | 0.10% | 3.73% |
Correlation
The correlation between DHRAX and JIBFX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.95 |
The correlation between DHRAX and JIBFX has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
DHRAX vs. JIBFX — Risk / Return Rank
DHRAX
JIBFX
DHRAX vs. JIBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Core Bond Fund (DHRAX) and Johnson Institutional Core Bond Fund (JIBFX). 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.
| DHRAX | JIBFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.09 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 0.66 | +0.11 |
| Martin ratioReturn relative to average drawdown | 1.94 | 1.63 | +0.31 |
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Drawdowns
DHRAX vs. JIBFX - Drawdown Comparison
The maximum DHRAX drawdown since its inception was -16.15%, smaller than the maximum JIBFX drawdown of -19.54%. Use the drawdown chart below to compare losses from any high point for DHRAX and JIBFX.
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Drawdown Indicators
| DHRAX | JIBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.15% | -19.54% | +3.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -3.11% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -4.59% | -5.81% | +1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -15.97% | -18.79% | +2.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.54% | — |
Current DrawdownCurrent decline from peak | -2.03% | -3.57% | +1.54% |
Average DrawdownAverage peak-to-trough decline | -3.67% | -5.15% | +1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 1.27% | -0.19% |
Volatility
DHRAX vs. JIBFX - Volatility Comparison
The current volatility for Diamond Hill Core Bond Fund (DHRAX) is 0.88%, while Johnson Institutional Core Bond Fund (JIBFX) has a volatility of 1.08%. This indicates that DHRAX experiences smaller price fluctuations and is considered to be less risky than JIBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHRAX | JIBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 1.08% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 3.06% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 3.87% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.49% | 6.54% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.64% | 5.33% | -0.69% |
DHRAX vs. JIBFX - Expense Ratio Comparison
DHRAX has a 0.76% expense ratio, which is higher than JIBFX's 0.25% expense ratio.
Dividends
DHRAX vs. JIBFX - Dividend Comparison
DHRAX's dividend yield for the trailing twelve months is around 4.51%, more than JIBFX's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHRAX Diamond Hill Core Bond Fund | 4.51% | 4.02% | 4.72% | 4.05% | 2.63% | 1.99% | 2.05% | 2.49% | 2.69% | 2.24% | 0.00% | 0.00% |
JIBFX Johnson Institutional Core Bond Fund | 4.01% | 3.85% | 3.69% | 2.92% | 2.41% | 1.75% | 3.11% | 2.76% | 2.77% | 2.52% | 3.03% | 2.60% |
Frequently Asked Questions
With a correlation of 0.96, DHRAX and JIBFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
JIBFX has higher volatility (1.08%) compared to DHRAX (0.88%). In terms of maximum drawdown, DHRAX dropped -16.15% vs JIBFX's -19.54%.
DHRAX currently has the higher Sharpe Ratio (0.62 vs 0.54), 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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