HOIBX vs. HOSGX
HOIBX (Homestead Intermediate Bond Fund) and HOSGX (Homestead Funds Short-Term Government Securities Fund) are both mutual funds - HOIBX is a Intermediate Core Bond fund managed by Homestead, while HOSGX is a Government Bonds fund managed by Homestead. Over the past 5 years, HOIBX returned -0.15%/yr vs 1.23%/yr for HOSGX. A 0.69 correlation means they provide meaningful diversification when combined. HOIBX charges 0.81%/yr vs 0.75%/yr for HOSGX.
Performance
HOIBX vs. HOSGX - Performance Comparison
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Returns By Period
In the year-to-date period, HOIBX achieves a 0.20% return, which is significantly higher than HOSGX's -0.06% return.
HOIBX
- 1D
- 0.22%
- 1M
- 0.75%
- YTD
- 0.20%
- 6M
- 0.50%
- 1Y
- 4.40%
- 3Y*
- 3.91%
- 5Y*
- -0.15%
- 10Y*
- —
HOSGX
- 1D
- 0.20%
- 1M
- 0.29%
- YTD
- -0.06%
- 6M
- 0.19%
- 1Y
- 2.62%
- 3Y*
- 3.71%
- 5Y*
- 1.23%
- 10Y*
- 1.42%
HOIBX vs. HOSGX - 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% |
HOSGX Homestead Funds Short-Term Government Securities Fund | -0.06% | 5.35% | 2.80% | 4.44% | -5.42% | -1.19% | 4.11% | 2.17% |
Correlation
The correlation between HOIBX and HOSGX is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since May 7, 2019 | 0.69 |
The correlation between HOIBX and HOSGX has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.
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Return for Risk
HOIBX vs. HOSGX — Risk / Return Rank
HOIBX
HOSGX
HOIBX vs. HOSGX - 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 Government Securities Fund (HOSGX). 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.
| HOIBX | HOSGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.26 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.91 | -0.45 |
| Martin ratioReturn relative to average drawdown | 3.96 | 5.29 | -1.33 |
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Drawdowns
HOIBX vs. HOSGX - Drawdown Comparison
The maximum HOIBX drawdown since its inception was -18.15%, which is greater than HOSGX's maximum drawdown of -7.99%. Use the drawdown chart below to compare losses from any high point for HOIBX and HOSGX.
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Drawdown Indicators
| HOIBX | HOSGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.15% | -7.99% | -10.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -1.38% | -1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -5.97% | -1.53% | -4.44% |
Max Drawdown (5Y)Largest decline over 5 years | -18.15% | -7.72% | -10.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -7.99% | — |
Current DrawdownCurrent decline from peak | -2.08% | -0.97% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -0.64% | -5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 0.50% | +0.61% |
Volatility
HOIBX vs. HOSGX - Volatility Comparison
Homestead Intermediate Bond Fund (HOIBX) has a higher volatility of 1.23% compared to Homestead Funds Short-Term Government Securities Fund (HOSGX) at 0.84%. This indicates that HOIBX's price experiences larger fluctuations and is considered to be riskier than HOSGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HOIBX | HOSGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 0.84% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 1.72% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 2.31% | +1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 3.31% | +2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.53% | 2.62% | +2.91% |
HOIBX vs. HOSGX - Expense Ratio Comparison
HOIBX has a 0.81% expense ratio, which is higher than HOSGX's 0.75% expense ratio.
Dividends
HOIBX vs. HOSGX - Dividend Comparison
HOIBX's dividend yield for the trailing twelve months is around 3.68%, more than HOSGX's 3.22% 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% |
HOSGX Homestead Funds Short-Term Government Securities Fund | 3.22% | 3.20% | 2.96% | 2.28% | 1.20% | 0.33% | 2.52% | 1.94% | 1.44% | 1.06% | 0.84% | 0.85% |
Frequently Asked Questions
HOIBX and HOSGX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HOIBX has higher volatility (1.23%) compared to HOSGX (0.84%). In terms of maximum drawdown, HOIBX dropped -18.15% vs HOSGX's -7.99%.
HOSGX currently has the higher Sharpe Ratio (1.14 vs 1.11), 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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