HOIBX vs. JIBEX

Last updated Jun 4, 2026

HOIBX (Homestead Intermediate Bond Fund) and JIBEX (Johnson Institutional Intermediate Bond Fund) are both Intermediate Core Bond funds. Over the past 5 years, HOIBX returned 0.03%/yr vs 0.99%/yr for JIBEX. Their correlation of 0.89 suggests significant overlap in exposure. HOIBX charges 0.81%/yr vs 0.25%/yr for JIBEX.

Performance

HOIBX vs. JIBEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Homestead Intermediate Bond Fund (HOIBX) and Johnson Institutional Intermediate Bond Fund (JIBEX). 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 higher than JIBEX's -0.05% return.

HOIBX

• 1D: 0.00%
• 1M: 0.53%
• YTD: 0.20%
• 6M: 0.07%
• 1Y: 5.10%
• 3Y*: 3.91%
• 5Y*: 0.03%
• 10Y*: —

JIBEX

• 1D: 0.00%
• 1M: 0.14%
• YTD: -0.05%
• 6M: 0.02%
• 1Y: 4.13%
• 3Y*: 4.41%
• 5Y*: 0.99%
• 10Y*: 2.09%

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

HOIBX vs. JIBEX - 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%
JIBEX Johnson Institutional Intermediate Bond Fund	-0.05%	7.39%	2.58%	5.46%	-9.24%	-1.72%	7.20%	4.11%

Correlation

The correlation between HOIBX and JIBEX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since May 8, 2019	0.89

The correlation between HOIBX and JIBEX has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

Return for Risk

HOIBX vs. JIBEX — Risk / Return Rank

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

HOIBX

HOIBX Risk / Return Rank: 20
HOIBX Sharpe Ratio Rank: 19
HOIBX Sortino Ratio Rank: 20
HOIBX Omega Ratio Rank: 21
HOIBX Calmar Ratio Rank: 21
HOIBX Martin Ratio Rank: 18

JIBEX

JIBEX Risk / Return Rank: 26
JIBEX Sharpe Ratio Rank: 27
JIBEX Sortino Ratio Rank: 30
JIBEX Omega Ratio Rank: 27
JIBEX Calmar Ratio Rank: 25
JIBEX Martin Ratio Rank: 22

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. JIBEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Homestead Intermediate Bond Fund (HOIBX) and Johnson Institutional Intermediate Bond Fund (JIBEX). 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	JIBEX	Difference
Sharpe ratio: Return per unit of total volatility	1.26	1.50	-0.24
Sortino ratio: Return per unit of downside risk	1.87	2.27	-0.40
Omega ratio: Gain probability vs. loss probability	1.24	1.27	-0.03
Calmar ratio: Return relative to maximum drawdown	1.69	1.84	-0.16
Martin ratio: Return relative to average drawdown	4.90	5.62	-0.72
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. JIBEX - Sharpe Ratio Comparison

The current HOIBX Sharpe Ratio is 1.26, which is comparable to the JIBEX Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of HOIBX and JIBEX, 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	JIBEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	1.50	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.23	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.33	-0.04

Drawdowns

HOIBX vs. JIBEX - Drawdown Comparison

The maximum HOIBX drawdown since its inception was -18.15%, which is greater than JIBEX's maximum drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for HOIBX and JIBEX.

Drawdown Indicators

	HOIBX	JIBEX	Difference
Max Drawdown Largest peak-to-trough decline	-18.15%	-13.85%	-4.30%
Max Drawdown (1Y) Largest decline over 1 year	-3.03%	-2.21%	-0.82%
Max Drawdown (3Y) Largest decline over 3 years	-5.97%	-3.37%	-2.60%
Max Drawdown (5Y) Largest decline over 5 years	-18.15%	-13.81%	-4.34%
Max Drawdown (10Y) Largest decline over 10 years	—	-13.85%	—
Current Drawdown Current decline from peak	-2.08%	-1.40%	-0.68%
Average Drawdown Average peak-to-trough decline	-5.92%	-3.64%	-2.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	0.72%	+0.32%

Volatility

HOIBX vs. JIBEX - Volatility Comparison

Homestead Intermediate Bond Fund (HOIBX) has a higher volatility of 1.38% compared to Johnson Institutional Intermediate Bond Fund (JIBEX) at 0.92%. This indicates that HOIBX's price experiences larger fluctuations and is considered to be riskier than JIBEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOIBX	JIBEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.38%	0.92%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	2.96%	1.93%	+1.03%
Volatility (1Y) Calculated over the trailing 1-year period	4.09%	2.73%	+1.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.93%	4.39%	+1.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.54%	3.58%	+1.96%

HOIBX vs. JIBEX - Expense Ratio Comparison

HOIBX has a 0.81% expense ratio, which is higher than JIBEX's 0.25% expense ratio.

Dividends

HOIBX vs. JIBEX - Dividend Comparison

HOIBX's dividend yield for the trailing twelve months is around 3.68%, which matches JIBEX's 3.68% 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%
JIBEX Johnson Institutional Intermediate Bond Fund	3.68%	4.03%	3.39%	2.90%	2.14%	1.79%	3.15%	2.69%	2.74%	2.33%	2.39%	1.54%

Frequently Asked Questions

Can I hold both HOIBX and JIBEX in my portfolio?

HOIBX and JIBEX have a correlation of 0.86, 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 JIBEX?

HOIBX has higher volatility (1.38%) compared to JIBEX (0.92%). In terms of maximum drawdown, HOIBX dropped -18.15% vs JIBEX's -13.85%.

Which has better risk-adjusted returns?

JIBEX currently has the higher Sharpe Ratio (1.50 vs 1.26), 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.