HOSBX vs. VIITX
HOSBX (Homestead Funds Short Term Bond Fund) and VIITX (Vanguard Institutional Intermediate-Term Bond Fund) are both Short-Term Bond funds. Over the past 10 years, HOSBX returned 2.04%/yr vs 2.13%/yr for VIITX. A 0.68 correlation means they provide meaningful diversification when combined. HOSBX charges 0.79%/yr vs 0.02%/yr for VIITX.
Performance
HOSBX vs. VIITX - Performance Comparison
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Returns By Period
In the year-to-date period, HOSBX achieves a 0.34% return, which is significantly lower than VIITX's 0.56% return. Both investments have delivered pretty close results over the past 10 years, with HOSBX having a 2.04% annualized return and VIITX not far ahead at 2.13%.
HOSBX
- 1D
- 0.00%
- 1M
- 0.32%
- YTD
- 0.34%
- 6M
- 0.65%
- 1Y
- 3.85%
- 3Y*
- 4.31%
- 5Y*
- 1.59%
- 10Y*
- 2.04%
VIITX
- 1D
- 0.05%
- 1M
- 0.29%
- YTD
- 0.56%
- 6M
- 0.76%
- 1Y
- 5.12%
- 3Y*
- 4.93%
- 5Y*
- 1.50%
- 10Y*
- 2.13%
HOSBX vs. VIITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HOSBX Homestead Funds Short Term Bond Fund | 0.34% | 5.87% | 3.78% | 5.08% | -5.71% | -1.11% | 5.38% | 3.89% | 1.45% | 1.66% |
VIITX Vanguard Institutional Intermediate-Term Bond Fund | 0.56% | 7.23% | 3.67% | 5.31% | -7.99% | -1.02% | 6.17% | 6.44% | 0.87% | 2.00% |
Correlation
The correlation between HOSBX and VIITX 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2015 | 0.68 |
The correlation between HOSBX and VIITX shifts across timeframes, from 0.68 (all time) to 0.80 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HOSBX vs. VIITX — Risk / Return Rank
HOSBX
VIITX
HOSBX vs. VIITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Homestead Funds Short Term Bond Fund (HOSBX) and Vanguard Institutional Intermediate-Term Bond Fund (VIITX). 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.
| HOSBX | VIITX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 2.72 | -0.29 |
| Martin ratioReturn relative to average drawdown | 8.85 | 8.89 | -0.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HOSBX | VIITX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 2.07 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.39 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.70 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.57 | 0.76 | +0.81 |
Drawdowns
HOSBX vs. VIITX - Drawdown Comparison
The maximum HOSBX drawdown since its inception was -8.84%, smaller than the maximum VIITX drawdown of -11.86%. Use the drawdown chart below to compare losses from any high point for HOSBX and VIITX.
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Drawdown Indicators
| HOSBX | VIITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.84% | -11.86% | +3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -1.59% | -1.89% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -1.59% | -3.32% | +1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -8.84% | -11.86% | +3.02% |
Max Drawdown (10Y)Largest decline over 10 years | -8.84% | -11.86% | +3.02% |
Current DrawdownCurrent decline from peak | -0.47% | -0.87% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -0.65% | -2.13% | +1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 0.58% | -0.14% |
Volatility
HOSBX vs. VIITX - Volatility Comparison
The current volatility for Homestead Funds Short Term Bond Fund (HOSBX) is 0.70%, while Vanguard Institutional Intermediate-Term Bond Fund (VIITX) has a volatility of 0.87%. This indicates that HOSBX experiences smaller price fluctuations and is considered to be less risky than VIITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HOSBX | VIITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 0.87% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 1.74% | 1.84% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.37% | 2.49% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.99% | 3.84% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.41% | 3.06% | -0.65% |
HOSBX vs. VIITX - Expense Ratio Comparison
HOSBX has a 0.79% expense ratio, which is higher than VIITX's 0.02% expense ratio.
Dividends
HOSBX vs. VIITX - Dividend Comparison
HOSBX's dividend yield for the trailing twelve months is around 3.80%, less than VIITX's 4.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VIITX Vanguard Institutional Intermediate-Term Bond Fund | 4.57% | 4.51% | 4.71% | 3.61% | 2.14% | 2.20% | 2.87% | 2.69% | 2.62% | 2.04% | 2.95% | 0.57% |
Frequently Asked Questions
HOSBX and VIITX 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.
VIITX has higher volatility (0.87%) compared to HOSBX (0.70%). In terms of maximum drawdown, HOSBX dropped -8.84% vs VIITX's -11.86%.
VIITX currently has the higher Sharpe Ratio (2.07 vs 1.63), 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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