HOBEX vs. BINC
HOBEX (Holbrook Income Fund) and BINC (iShares Flexible Income Active ETF) are both funds - HOBEX is a Short-Term Bond fund managed by Holbrook Holdings, while BINC is a Multisector Bonds fund actively managed by iShares. Over the past 3 years, HOBEX returned 6.54%/yr vs 7.10%/yr for BINC. At a 0.35 correlation, their price movements are largely independent. HOBEX charges 1.60%/yr vs 0.40%/yr for BINC.
Performance
HOBEX vs. BINC - Performance Comparison
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Returns By Period
In the year-to-date period, HOBEX achieves a 1.91% return, which is significantly higher than BINC's 1.23% return.
HOBEX
- 1D
- -0.10%
- 1M
- 0.34%
- YTD
- 1.91%
- 6M
- 2.93%
- 1Y
- 5.65%
- 3Y*
- 6.54%
- 5Y*
- 3.76%
- 10Y*
- —
BINC
- 1D
- -0.02%
- 1M
- 0.63%
- YTD
- 1.23%
- 6M
- 1.46%
- 1Y
- 5.64%
- 3Y*
- 7.10%
- 5Y*
- —
- 10Y*
- —
HOBEX vs. BINC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HOBEX Holbrook Income Fund | 1.91% | 7.23% | 7.16% | 3.96% |
BINC iShares Flexible Income Active ETF | 1.23% | 7.57% | 5.76% | 7.12% |
Correlation
The correlation between HOBEX and BINC is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since May 23, 2023 | 0.35 |
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Return for Risk
HOBEX vs. BINC — Risk / Return Rank
HOBEX
BINC
HOBEX vs. BINC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Holbrook Income Fund (HOBEX) and iShares Flexible Income Active ETF (BINC). 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.
| HOBEX | BINC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +3.57 | ||
| Omega ratioGain probability vs. loss probability | 2.43 | 1.49 | +0.94 |
| Calmar ratioReturn relative to maximum drawdown | 9.35 | 2.11 | +7.25 |
| Martin ratioReturn relative to average drawdown | 33.19 | 8.22 | +24.97 |
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Drawdowns
HOBEX vs. BINC - Drawdown Comparison
The maximum HOBEX drawdown since its inception was -23.58%, which is greater than BINC's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for HOBEX and BINC.
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Drawdown Indicators
| HOBEX | BINC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.58% | -2.69% | -20.89% |
Max Drawdown (1Y)Largest decline over 1 year | -0.61% | -2.69% | +2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -2.74% | -2.69% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -4.57% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.16% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -1.06% | -0.36% | -0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 0.69% | -0.52% |
Volatility
HOBEX vs. BINC - Volatility Comparison
The current volatility for Holbrook Income Fund (HOBEX) is 0.49%, while iShares Flexible Income Active ETF (BINC) has a volatility of 0.60%. This indicates that HOBEX experiences smaller price fluctuations and is considered to be less risky than BINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HOBEX | BINC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 0.60% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 1.54% | 1.88% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.07% | 2.30% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.61% | 2.99% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.71% | 2.99% | +2.72% |
HOBEX vs. BINC - Expense Ratio Comparison
HOBEX has a 1.60% expense ratio, which is higher than BINC's 0.40% expense ratio.
Dividends
HOBEX vs. BINC - Dividend Comparison
HOBEX's dividend yield for the trailing twelve months is around 5.81%, which matches BINC's 5.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 5.85% | 5.86% | 6.14% | 3.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HOBEX Holbrook Income Fund | 5.81% | 5.94% | 6.58% | 5.05% | 4.83% | 4.00% | 5.44% | 3.05% | 3.84% | 1.69% |
Frequently Asked Questions
HOBEX and BINC have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BINC has higher volatility (0.60%) compared to HOBEX (0.49%). In terms of maximum drawdown, HOBEX dropped -23.58% vs BINC's -2.69%.
HOBEX currently has the higher Sharpe Ratio (2.74 vs 2.46), 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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