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HOBIX vs. AAIIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HOBIX vs. AAIIX

Last updated Jun 24, 2026

HOBIX (Holbrook Income Fund Class I) and AAIIX (Ancora Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, HOBIX returned 4.26%/yr vs 1.78%/yr for AAIIX. At a 0.34 correlation, their price movements are largely independent. HOBIX charges 1.05%/yr vs 2.20%/yr for AAIIX.

Performance

HOBIX vs. AAIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Holbrook Income Fund Class I (HOBIX) and Ancora Income Fund (AAIIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HOBIX achieves a 2.22% return, which is significantly higher than AAIIX's 1.53% return.

HOBIX

1D
0.00%
1M
0.38%
YTD
2.22%
6M
3.19%
1Y
6.17%
3Y*
7.14%
5Y*
4.26%
10Y*
—

AAIIX

1D
-0.42%
1M
-0.49%
YTD
1.53%
6M
1.60%
1Y
5.44%
3Y*
6.74%
5Y*
1.78%
10Y*
3.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HOBIX vs. AAIIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HOBIX
Holbrook Income Fund Class I		2.22%7.67%7.66%5.65%-2.91%6.13%7.45%7.70%1.74%2.75%
AAIIX
Ancora Income Fund		1.53%2.28%9.23%9.46%-14.32%9.21%3.72%11.08%-5.60%6.57%

Correlation

The correlation between HOBIX and AAIIX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.21

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

0.27

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

0.35

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

0.34

The correlation between HOBIX and AAIIX shifts across timeframes, from 0.21 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.

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Holbrook Income Fund Class I

Ancora Income Fund

Often compared with HOBIX:
HOBIX vs. AMFIXHOBIX vs. HOBEXHOBIX vs. EINFXHOBIX vs. MCFIXHOBIX vs. BCPIXHOBIX vs. TGRNXHOBIX vs. ARINX
Often compared with AAIIX:
AAIIX vs. LCTRXAAIIX vs. BCPIXAAIIX vs. JAFLXAAIIX vs. TOBAXAAIIX vs. AMFIXAAIIX vs. GUGAXAAIIX vs. JCPUX

Return for Risk

HOBIX vs. AAIIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HOBIX
HOBIX Risk / Return Rank: 9898
Overall Rank
HOBIX Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
HOBIX Sortino Ratio Rank: 9999
Sortino Ratio Rank
HOBIX Omega Ratio Rank: 9999
Omega Ratio Rank
HOBIX Calmar Ratio Rank: 9999
Calmar Ratio Rank
HOBIX Martin Ratio Rank: 9999
Martin Ratio Rank
AAIIX
AAIIX Risk / Return Rank: 1919
Overall Rank
AAIIX Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
AAIIX Sortino Ratio Rank: 2020
Sortino Ratio Rank
AAIIX Omega Ratio Rank: 2020
Omega Ratio Rank
AAIIX Calmar Ratio Rank: 1616
Calmar Ratio Rank
AAIIX Martin Ratio Rank: 1616
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.

HOBIX vs. AAIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Holbrook Income Fund Class I (HOBIX) and Ancora Income Fund (AAIIX). 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.

HOBIXAAIIXDifference
Sharpe ratioReturn per unit of total volatility
3.08
1.19

+1.88

Sortino ratioReturn per unit of downside risk
9.57
1.73

+7.84

Omega ratioGain probability vs. loss probability

4.27

1.22

+3.05

Calmar ratioReturn relative to maximum drawdown

12.16

1.30

+10.86

Martin ratioReturn relative to average drawdown

41.54

3.98

+37.57

HOBIX vs. AAIIX - Sharpe Ratio Comparison

The current HOBIX Sharpe Ratio is 3.08, which is higher than the AAIIX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of HOBIX and AAIIX, 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

HOBIX vs. AAIIX - Drawdown Comparison

The maximum HOBIX drawdown since its inception was -23.52%, smaller than the maximum AAIIX drawdown of -98.01%. Use the drawdown chart below to compare losses from any high point for HOBIX and AAIIX.

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Drawdown Indicators

HOBIXAAIIXDifference

Max Drawdown

Largest peak-to-trough decline

-23.52%

-98.01%

+74.49%

Max Drawdown (1Y)

Largest decline over 1 year

-0.51%

-4.19%

+3.68%

Max Drawdown (3Y)

Largest decline over 3 years

-2.77%

-98.01%

+95.24%

Max Drawdown (5Y)

Largest decline over 5 years

-4.16%

-98.01%

+93.85%

Max Drawdown (10Y)

Largest decline over 10 years

—

-98.01%

—

Current Drawdown

Current decline from peak

-0.20%

-97.80%

+97.60%

Average Drawdown

Average peak-to-trough decline

-0.96%

-12.53%

+11.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.15%

1.37%

-1.22%

Volatility

HOBIX vs. AAIIX - Volatility Comparison

The current volatility for Holbrook Income Fund Class I (HOBIX) is 0.54%, while Ancora Income Fund (AAIIX) has a volatility of 1.26%. This indicates that HOBIX experiences smaller price fluctuations and is considered to be less risky than AAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HOBIXAAIIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.54%

1.26%

-0.72%

Volatility (6M)

Calculated over the trailing 6-month period

1.51%

3.38%

-1.87%

Volatility (1Y)

Calculated over the trailing 1-year period

2.02%

4.58%

-2.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.65%

2,046.08%

-2,043.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.72%

1,446.22%

-1,440.50%

HOBIX vs. AAIIX - Expense Ratio Comparison

HOBIX has a 1.05% expense ratio, which is lower than AAIIX's 2.20% expense ratio.

Dividends

HOBIX vs. AAIIX - Dividend Comparison

HOBIX's dividend yield for the trailing twelve months is around 6.31%, more than AAIIX's 5.24% yield.

PositionTTM20252024202320222021202020192018201720162015
AAIIX
Ancora Income Fund		5.24%4.09%4.57%4.77%4.52%4.46%5.68%3.96%4.36%5.69%6.40%6.99%
HOBIX
Holbrook Income Fund Class I		6.31%6.45%7.04%6.35%5.31%3.97%6.30%3.51%4.32%2.12%0.00%0.00%

Frequently Asked Questions

HOBIX and AAIIX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AAIIX has higher volatility (1.26%) compared to HOBIX (0.54%). In terms of maximum drawdown, HOBIX dropped -23.52% vs AAIIX's -98.01%.

HOBIX currently has the higher Sharpe Ratio (3.08 vs 1.19), 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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