HOSBX vs. HOIBX
HOSBX (Homestead Funds Short Term Bond Fund) and HOIBX (Homestead Intermediate Bond Fund) are both mutual funds - HOSBX is a Short-Term Bond fund managed by Homestead, while HOIBX is a Intermediate Core Bond fund managed by Homestead. Over the past 5 years, HOSBX returned 1.55%/yr vs -0.15%/yr for HOIBX. A 0.72 correlation means they provide meaningful diversification when combined. HOSBX charges 0.79%/yr vs 0.81%/yr for HOIBX.
Performance
HOSBX vs. HOIBX - Performance Comparison
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Returns By Period
In the year-to-date period, HOSBX achieves a 0.13% return, which is significantly lower than HOIBX's 0.20% return.
HOSBX
- 1D
- 0.20%
- 1M
- 0.32%
- YTD
- 0.13%
- 6M
- 0.64%
- 1Y
- 3.43%
- 3Y*
- 4.38%
- 5Y*
- 1.55%
- 10Y*
- 2.02%
HOIBX
- 1D
- 0.22%
- 1M
- 0.75%
- YTD
- 0.20%
- 6M
- 0.50%
- 1Y
- 4.40%
- 3Y*
- 3.91%
- 5Y*
- -0.15%
- 10Y*
- —
HOSBX vs. HOIBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HOSBX Homestead Funds Short Term Bond Fund | 0.13% | 5.87% | 3.78% | 5.08% | -5.71% | -1.11% | 5.38% | 2.33% |
HOIBX Homestead Intermediate Bond Fund | 0.20% | 6.55% | 1.69% | 5.75% | -13.38% | -1.13% | 8.70% | 4.68% |
Correlation
The correlation between HOSBX and HOIBX is 0.71, 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 | 0.76 |
Correlation (All Time) Calculated using the full available price history since May 7, 2019 | 0.72 |
The correlation between HOSBX and HOIBX has been stable across timeframes, ranging from 0.71 to 0.76 - a consistent structural relationship.
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Return for Risk
HOSBX vs. HOIBX — Risk / Return Rank
HOSBX
HOIBX
HOSBX vs. HOIBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Homestead Funds Short Term Bond Fund (HOSBX) and Homestead Intermediate Bond Fund (HOIBX). 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.
| HOSBX | HOIBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.21 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 1.46 | +0.70 |
| Martin ratioReturn relative to average drawdown | 7.50 | 3.96 | +3.54 |
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Drawdowns
HOSBX vs. HOIBX - Drawdown Comparison
The maximum HOSBX drawdown since its inception was -8.84%, smaller than the maximum HOIBX drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for HOSBX and HOIBX.
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Drawdown Indicators
| HOSBX | HOIBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.84% | -18.15% | +9.31% |
Max Drawdown (1Y)Largest decline over 1 year | -1.59% | -3.03% | +1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -1.59% | -5.97% | +4.38% |
Max Drawdown (5Y)Largest decline over 5 years | -8.84% | -18.15% | +9.31% |
Max Drawdown (10Y)Largest decline over 10 years | -8.84% | — | — |
Current DrawdownCurrent decline from peak | -0.67% | -2.08% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -0.65% | -5.89% | +5.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 1.11% | -0.65% |
Volatility
HOSBX vs. HOIBX - Volatility Comparison
The current volatility for Homestead Funds Short Term Bond Fund (HOSBX) is 0.91%, while Homestead Intermediate Bond Fund (HOIBX) has a volatility of 1.23%. This indicates that HOSBX experiences smaller price fluctuations and is considered to be less risky than HOIBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HOSBX | HOIBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.23% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 1.84% | 3.02% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.42% | 4.00% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.01% | 5.93% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.42% | 5.53% | -3.11% |
HOSBX vs. HOIBX - Expense Ratio Comparison
HOSBX has a 0.79% expense ratio, which is lower than HOIBX's 0.81% expense ratio.
Dividends
HOSBX vs. HOIBX - Dividend Comparison
HOSBX's dividend yield for the trailing twelve months is around 3.81%, more than HOIBX'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% |
HOSBX Homestead Funds Short Term Bond Fund | 3.81% | 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
HOSBX and HOIBX have a correlation of 0.71, 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 HOSBX (0.91%). In terms of maximum drawdown, HOSBX dropped -8.84% vs HOIBX's -18.15%.
HOSBX currently has the higher Sharpe Ratio (1.42 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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