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HOBEX vs. PQIPX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HOBEX vs. PQIPX

Last updated Jun 23, 2026

HOBEX (Holbrook Income Fund) and PQIPX (PIMCO Dividend and Income Fund) are both mutual funds - HOBEX is a Short-Term Bond fund managed by Holbrook Holdings, while PQIPX is a Global Allocation fund managed by PIMCO. Over the past 5 years, HOBEX returned 3.76%/yr vs 8.08%/yr for PQIPX. At a 0.24 correlation, their price movements are largely independent. HOBEX charges 1.60%/yr vs 0.81%/yr for PQIPX.

Performance

HOBEX vs. PQIPX - Performance Comparison

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

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Returns By Period

In the year-to-date period, HOBEX achieves a 1.91% return, which is significantly lower than PQIPX's 8.06% return.

HOBEX

1D
-0.10%
1M
0.34%
YTD
1.91%
6M
2.93%
1Y
5.65%
3Y*
6.54%
5Y*
3.76%
10Y*
—

PQIPX

1D
-0.13%
1M
0.27%
YTD
8.06%
6M
6.94%
1Y
18.34%
3Y*
12.76%
5Y*
8.08%
10Y*
8.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HOBEX vs. PQIPX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HOBEX
Holbrook Income Fund		1.91%7.23%7.16%4.74%-3.42%6.25%6.83%7.30%1.26%2.42%
PQIPX
PIMCO Dividend and Income Fund		8.06%17.26%7.08%11.93%-6.37%18.45%-1.54%15.53%-8.78%16.08%

Correlation

The correlation between HOBEX and PQIPX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.25

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

0.26

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

0.26

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

0.24

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Holbrook Income Fund

PIMCO Dividend and Income Fund

Often compared with HOBEX:
HOBEX vs. PONPXHOBEX vs. PEYHOBEX vs. FDFIXHOBEX vs. HOBIXHOBEX vs. BINCHOBEX vs. PULSHOBEX vs. DBLSX
Often compared with PQIPX:
PQIPX vs. SPXXPQIPX vs. VQNPXPQIPX vs. PIMIXPQIPX vs. TLTPQIPX vs. PFNPQIPX vs. SPYPQIPX vs. NOBL

Return for Risk

HOBEX vs. PQIPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
PQIPX
PQIPX Risk / Return Rank: 8787
Overall Rank
PQIPX Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
PQIPX Sortino Ratio Rank: 8787
Sortino Ratio Rank
PQIPX Omega Ratio Rank: 8686
Omega Ratio Rank
PQIPX Calmar Ratio Rank: 8383
Calmar Ratio Rank
PQIPX Martin Ratio Rank: 8686
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.

HOBEX vs. PQIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Holbrook Income Fund (HOBEX) and PIMCO Dividend and Income Fund (PQIPX). 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.

HOBEXPQIPXDifference
Sharpe ratioReturn per unit of total volatility
2.74
2.80

-0.06

Sortino ratioReturn per unit of downside risk
7.16
3.89

+3.28

Omega ratioGain probability vs. loss probability

2.43

1.55

+0.89

Calmar ratioReturn relative to maximum drawdown

9.35

3.62

+5.73

Martin ratioReturn relative to average drawdown

33.19

14.97

+18.21

HOBEX vs. PQIPX - Sharpe Ratio Comparison

The current HOBEX Sharpe Ratio is 2.74, which is comparable to the PQIPX Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of HOBEX and PQIPX, 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

HOBEX vs. PQIPX - Drawdown Comparison

The maximum HOBEX drawdown since its inception was -23.58%, smaller than the maximum PQIPX drawdown of -33.13%. Use the drawdown chart below to compare losses from any high point for HOBEX and PQIPX.

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Drawdown Indicators

HOBEXPQIPXDifference

Max Drawdown

Largest peak-to-trough decline

-23.58%

-33.13%

+9.55%

Max Drawdown (1Y)

Largest decline over 1 year

-0.61%

-5.06%

+4.45%

Max Drawdown (3Y)

Largest decline over 3 years

-2.74%

-7.69%

+4.95%

Max Drawdown (5Y)

Largest decline over 5 years

-4.57%

-15.81%

+11.24%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.13%

—

Current Drawdown

Current decline from peak

-0.20%

-0.91%

+0.71%

Average Drawdown

Average peak-to-trough decline

-1.06%

-4.88%

+3.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.17%

1.22%

-1.05%

Volatility

HOBEX vs. PQIPX - Volatility Comparison

The current volatility for Holbrook Income Fund (HOBEX) is 0.49%, while PIMCO Dividend and Income Fund (PQIPX) has a volatility of 2.01%. This indicates that HOBEX experiences smaller price fluctuations and is considered to be less risky than PQIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HOBEXPQIPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.49%

2.01%

-1.52%

Volatility (6M)

Calculated over the trailing 6-month period

1.54%

5.40%

-3.86%

Volatility (1Y)

Calculated over the trailing 1-year period

2.07%

6.54%

-4.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.61%

8.56%

-5.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.71%

12.12%

-6.41%

HOBEX vs. PQIPX - Expense Ratio Comparison

HOBEX has a 1.60% expense ratio, which is higher than PQIPX's 0.81% expense ratio.

Dividends

HOBEX vs. PQIPX - Dividend Comparison

HOBEX's dividend yield for the trailing twelve months is around 5.81%, more than PQIPX's 2.82% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
PQIPX
PIMCO Dividend and Income Fund		2.82%2.05%3.02%4.35%5.51%3.96%2.69%3.79%3.73%2.69%3.46%11.08%

Frequently Asked Questions

HOBEX and PQIPX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PQIPX has higher volatility (2.01%) compared to HOBEX (0.49%). In terms of maximum drawdown, HOBEX dropped -23.58% vs PQIPX's -33.13%.

PQIPX currently has the higher Sharpe Ratio (2.80 vs 2.74), 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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