HOBEX vs. HOBIX
HOBEX (Holbrook Income Fund) and HOBIX (Holbrook Income Fund Class I) are both mutual funds - HOBEX is a Short-Term Bond fund managed by Holbrook, while HOBIX is a Intermediate Core-Plus Bond fund actively managed by Holbrook. Over the past 5 years, HOBEX returned 3.63%/yr vs 4.13%/yr for HOBIX. Their correlation of 0.87 means they have usually moved in the same direction. HOBEX charges 1.60%/yr vs 1.05%/yr for HOBIX.
Performance
HOBEX vs. HOBIX - Performance Comparison
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Returns By Period
In the year-to-date period, HOBEX achieves a 1.98% return, which is significantly lower than HOBIX's 2.33% return.
HOBEX
- 1D
- 0.00%
- 1M
- -0.31%
- 6M
- 1.52%
- YTD
- 1.98%
- 1Y
- 4.42%
- 3Y*
- 5.83%
- 5Y*
- 3.63%
- 10Y*
- —
- ALL TIME*
- 4.31%
HOBIX
- 1D
- 0.00%
- 1M
- -0.31%
- 6M
- 1.72%
- YTD
- 2.33%
- 1Y
- 5.00%
- 3Y*
- 6.48%
- 5Y*
- 4.13%
- 10Y*
- —
- ALL TIME*
- 4.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
HOBEX Holbrook Income Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
HOBEX vs. HOBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HOBEX Holbrook Income Fund | 1.98% | 7.23% | 7.16% | 4.74% | -3.42% | 6.25% | 6.83% | 7.30% | 1.26% | 2.42% |
HOBIX Holbrook Income Fund Class I | 2.33% | 7.67% | 7.66% | 5.65% | -2.91% | 6.13% | 7.45% | 7.70% | 1.74% | 2.75% |
Correlation
The correlation between HOBEX and HOBIX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.87 |
Over the past year, the correlation between HOBEX and HOBIX has dropped to 0.56 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
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Return for Risk
HOBEX vs. HOBIX — Risk / Return Rank
HOBEX
HOBIX
HOBEX vs. HOBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Holbrook Income Fund (HOBEX) 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.
| HOBEX | HOBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 2.16 | 3.36 | -1.20 |
| Calmar ratioReturn relative to maximum drawdown | 8.54 | 11.19 | -2.65 |
| Martin ratioReturn relative to average drawdown | 27.41 | 33.21 | -5.79 |
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Drawdowns
HOBEX vs. HOBIX - Drawdown Comparison
The maximum HOBEX drawdown since its inception was -23.58%, roughly equal to the maximum HOBIX drawdown of -23.52%. Use the drawdown chart below to compare losses from any high point for HOBEX and HOBIX.
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Drawdown Indicators
| HOBEX | HOBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.58% | -23.52% | -0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -0.61% | -0.51% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -2.74% | -2.77% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -4.57% | -4.16% | -0.41% |
Current DrawdownCurrent decline from peak | -0.41% | -0.41% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.05% | -0.96% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 0.17% | +0.02% |
Volatility
HOBEX vs. HOBIX - Volatility Comparison
Holbrook Income Fund (HOBEX) has a higher volatility of 0.32% compared to Holbrook Income Fund Class I (HOBIX) at 0.28%. This indicates that HOBEX'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
| HOBEX | HOBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.32% | 0.28% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.30% | 1.33% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.09% | 2.05% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.61% | 2.65% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.68% | 5.69% | -0.01% |
HOBEX vs. HOBIX - Expense Ratio Comparison
HOBEX has a 1.60% expense ratio, which is higher than HOBIX's 1.05% expense ratio.
Dividends
HOBEX vs. HOBIX - Dividend Comparison
HOBEX's dividend yield for the trailing twelve months is around 5.37%, less than HOBIX's 5.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HOBEX Holbrook Income Fund | 5.37% | 5.94% | 6.58% | 5.05% | 4.83% | 4.00% | 5.44% | 3.05% | 3.84% | 1.69% |
HOBIX Holbrook Income Fund Class I | 5.83% | 6.45% | 7.04% | 6.35% | 5.31% | 3.97% | 6.30% | 3.51% | 4.32% | 2.12% |
Frequently Asked Questions
HOBEX and HOBIX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HOBEX has higher volatility (0.32%) compared to HOBIX (0.28%). In terms of maximum drawdown, HOBEX dropped -23.58% vs HOBIX's -23.52%.
HOBIX currently has the higher Sharpe Ratio (2.79 vs 2.47), 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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