HOIBX vs. HOSBX

Last updated Jun 3, 2026

HOIBX (Homestead Intermediate Bond Fund) and HOSBX (Homestead Funds Short Term Bond Fund) are both mutual funds - HOIBX is a Intermediate Core Bond fund managed by Homestead, while HOSBX is a Short-Term Bond fund managed by Homestead. Over the past 5 years, HOIBX returned -0.00%/yr vs 1.55%/yr for HOSBX. A 0.72 correlation means they provide meaningful diversification when combined. HOIBX charges 0.81%/yr vs 0.79%/yr for HOSBX.

Performance

HOIBX vs. HOSBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Homestead Intermediate Bond Fund (HOIBX) and Homestead Funds Short Term Bond Fund (HOSBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOIBX achieves a 0.20% return, which is significantly lower than HOSBX's 0.34% return.

HOIBX

• 1D: -0.22%
• 1M: 0.09%
• YTD: 0.20%
• 6M: 0.28%
• 1Y: 5.10%
• 3Y*: 3.91%
• 5Y*: -0.00%
• 10Y*: —

HOSBX

• 1D: 0.00%
• 1M: 0.11%
• YTD: 0.34%
• 6M: 0.65%
• 1Y: 3.85%
• 3Y*: 4.31%
• 5Y*: 1.55%
• 10Y*: 2.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HOIBX vs. HOSBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HOIBX Homestead Intermediate Bond Fund	0.20%	6.55%	1.69%	5.75%	-13.38%	-1.13%	8.70%	4.68%
HOSBX Homestead Funds Short Term Bond Fund	0.34%	5.87%	3.78%	5.08%	-5.71%	-1.11%	5.38%	2.33%

Correlation

The correlation between HOIBX and HOSBX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since May 8, 2019	0.72

The correlation between HOIBX and HOSBX has been stable across timeframes, ranging from 0.70 to 0.75 - a consistent structural relationship.

Return for Risk

HOIBX vs. HOSBX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HOIBX

HOIBX Risk / Return Rank: 17
HOIBX Sharpe Ratio Rank: 16
HOIBX Sortino Ratio Rank: 16
HOIBX Omega Ratio Rank: 16
HOIBX Calmar Ratio Rank: 21
HOIBX Martin Ratio Rank: 18

HOSBX

HOSBX Risk / Return Rank: 39
HOSBX Sharpe Ratio Rank: 29
HOSBX Sortino Ratio Rank: 31
HOSBX Omega Ratio Rank: 42
HOSBX Calmar Ratio Rank: 47
HOSBX Martin Ratio Rank: 46

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.

HOIBX vs. HOSBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Homestead Intermediate Bond Fund (HOIBX) and Homestead Funds Short Term Bond Fund (HOSBX). 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.

	HOIBX	HOSBX	Difference
Sharpe ratio Return per unit of total volatility	1.14	1.54	-0.40
Sortino ratio Return per unit of downside risk	1.69	2.34	-0.66
Omega ratio Gain probability vs. loss probability	1.21	1.35	-0.14
Calmar ratio Return relative to maximum drawdown	1.72	2.63	-0.92
Martin ratio Return relative to average drawdown	5.01	9.63	-4.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HOIBX vs. HOSBX - Sharpe Ratio Comparison

The current HOIBX Sharpe Ratio is 1.14, which is comparable to the HOSBX Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of HOIBX and HOSBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HOIBX	HOSBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	1.54	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	0.52	-0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	1.57	-1.28

Drawdowns

HOIBX vs. HOSBX - Drawdown Comparison

The maximum HOIBX drawdown since its inception was -18.15%, which is greater than HOSBX's maximum drawdown of -8.84%. Use the drawdown chart below to compare losses from any high point for HOIBX and HOSBX.

Drawdown Indicators

	HOIBX	HOSBX	Difference
Max Drawdown Largest peak-to-trough decline	-18.15%	-8.84%	-9.31%
Max Drawdown (1Y) Largest decline over 1 year	-3.03%	-1.59%	-1.44%
Max Drawdown (3Y) Largest decline over 3 years	-5.97%	-1.59%	-4.38%
Max Drawdown (5Y) Largest decline over 5 years	-18.15%	-8.84%	-9.31%
Max Drawdown (10Y) Largest decline over 10 years	—	-8.84%	—
Current Drawdown Current decline from peak	-2.08%	-0.47%	-1.61%
Average Drawdown Average peak-to-trough decline	-5.92%	-0.65%	-5.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	0.44%	+0.60%

Volatility

HOIBX vs. HOSBX - Volatility Comparison

Homestead Intermediate Bond Fund (HOIBX) has a higher volatility of 1.38% compared to Homestead Funds Short Term Bond Fund (HOSBX) at 0.70%. This indicates that HOIBX's price experiences larger fluctuations and is considered to be riskier than HOSBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOIBX	HOSBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.38%	0.70%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	2.96%	1.76%	+1.20%
Volatility (1Y) Calculated over the trailing 1-year period	4.10%	2.38%	+1.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.93%	2.99%	+2.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.55%	2.41%	+3.14%

HOIBX vs. HOSBX - Expense Ratio Comparison

HOIBX has a 0.81% expense ratio, which is higher than HOSBX's 0.79% expense ratio.

Dividends

HOIBX vs. HOSBX - Dividend Comparison

HOIBX's dividend yield for the trailing twelve months is around 3.68%, less than HOSBX's 3.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HOIBX Homestead Intermediate Bond Fund	3.68%	3.68%	3.68%	2.67%	2.15%	1.30%	3.02%	2.01%	0.00%	0.00%	0.00%	0.00%
HOSBX Homestead Funds Short Term Bond Fund	3.80%	3.86%	3.50%	2.85%	1.74%	1.37%	3.57%	2.66%	1.83%	1.65%	1.55%	1.40%

Frequently Asked Questions

Can I hold both HOIBX and HOSBX in my portfolio?

HOIBX and HOSBX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOIBX or HOSBX?

HOIBX has higher volatility (1.38%) compared to HOSBX (0.70%). In terms of maximum drawdown, HOIBX dropped -18.15% vs HOSBX's -8.84%.

Which has better risk-adjusted returns?

HOSBX currently has the higher Sharpe Ratio (1.54 vs 1.14), 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.