INEAX vs. OSTIX

Last updated Jun 6, 2026

INEAX (Columbia High Yield Bond Fund) and OSTIX (Osterweis Strategic Income Fund) are both High Yield Bonds funds. Over the past 10 years, INEAX returned 4.72%/yr vs 5.10%/yr for OSTIX. A 0.51 correlation means they provide meaningful diversification when combined. INEAX charges 1.00%/yr vs 0.84%/yr for OSTIX.

Performance

INEAX vs. OSTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia High Yield Bond Fund (INEAX) and Osterweis Strategic Income Fund (OSTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with INEAX having a 1.63% return and OSTIX slightly lower at 1.58%. Over the past 10 years, INEAX has underperformed OSTIX with an annualized return of 4.72%, while OSTIX has yielded a comparatively higher 5.10% annualized return.

INEAX

• 1D: 0.09%
• 1M: 0.13%
• YTD: 1.63%
• 6M: 2.09%
• 1Y: 6.74%
• 3Y*: 7.73%
• 5Y*: 3.39%
• 10Y*: 4.72%

OSTIX

• 1D: 0.00%
• 1M: 0.56%
• YTD: 1.58%
• 6M: 2.10%
• 1Y: 4.85%
• 3Y*: 7.20%
• 5Y*: 4.37%
• 10Y*: 5.10%

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

INEAX vs. OSTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
INEAX Columbia High Yield Bond Fund	1.63%	8.54%	5.86%	11.57%	-11.42%	4.22%	5.39%	16.70%	-4.36%	6.25%
OSTIX Osterweis Strategic Income Fund	1.58%	4.04%	8.03%	12.29%	-5.94%	5.48%	9.01%	5.36%	-0.66%	6.00%

Correlation

The correlation between INEAX and OSTIX is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Sep 5, 2002	0.51

Over the past year, INEAX and OSTIX have become more correlated (0.74) than their long-term average of 0.51, meaning their price movements have been converging.

Return for Risk

INEAX vs. OSTIX — Risk / Return Rank

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

INEAX

INEAX Risk / Return Rank: 67
INEAX Sharpe Ratio Rank: 51
INEAX Sortino Ratio Rank: 72
INEAX Omega Ratio Rank: 67
INEAX Calmar Ratio Rank: 64
INEAX Martin Ratio Rank: 79

OSTIX

OSTIX Risk / Return Rank: 88
OSTIX Sharpe Ratio Rank: 90
OSTIX Sortino Ratio Rank: 90
OSTIX Omega Ratio Rank: 93
OSTIX Calmar Ratio Rank: 80
OSTIX Martin Ratio Rank: 87

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.

INEAX vs. OSTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia High Yield Bond Fund (INEAX) and Osterweis Strategic Income Fund (OSTIX). 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.

	INEAX	OSTIX	Difference
Sharpe ratio: Return per unit of total volatility	2.05	2.93	-0.89
Sortino ratio: Return per unit of downside risk	3.46	4.38	-0.91
Omega ratio: Gain probability vs. loss probability	1.44	1.70	-0.26
Calmar ratio: Return relative to maximum drawdown	2.96	3.50	-0.54
Martin ratio: Return relative to average drawdown	14.18	15.86	-1.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INEAX vs. OSTIX - Sharpe Ratio Comparison

The current INEAX Sharpe Ratio is 2.05, which is lower than the OSTIX Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of INEAX and OSTIX, 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

	INEAX	OSTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	2.93	-0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	1.46	-0.78
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	1.73	-0.91
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	2.35	-1.33

Drawdowns

INEAX vs. OSTIX - Drawdown Comparison

The maximum INEAX drawdown since its inception was -35.92%, which is greater than OSTIX's maximum drawdown of -10.06%. Use the drawdown chart below to compare losses from any high point for INEAX and OSTIX.

Drawdown Indicators

	INEAX	OSTIX	Difference
Max Drawdown Largest peak-to-trough decline	-35.92%	-10.06%	-25.86%
Max Drawdown (1Y) Largest decline over 1 year	-2.28%	-1.42%	-0.86%
Max Drawdown (3Y) Largest decline over 3 years	-3.46%	-3.27%	-0.19%
Max Drawdown (5Y) Largest decline over 5 years	-15.14%	-9.75%	-5.39%
Max Drawdown (10Y) Largest decline over 10 years	-21.94%	-10.06%	-11.88%
Current Drawdown Current decline from peak	-0.09%	-0.09%	0.00%
Average Drawdown Average peak-to-trough decline	-5.06%	-0.94%	-4.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.48%	0.31%	+0.17%

Volatility

INEAX vs. OSTIX - Volatility Comparison

Columbia High Yield Bond Fund (INEAX) has a higher volatility of 1.04% compared to Osterweis Strategic Income Fund (OSTIX) at 0.53%. This indicates that INEAX's price experiences larger fluctuations and is considered to be riskier than OSTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INEAX	OSTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.04%	0.53%	+0.51%
Volatility (6M) Calculated over the trailing 6-month period	2.63%	1.34%	+1.29%
Volatility (1Y) Calculated over the trailing 1-year period	3.31%	1.69%	+1.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.00%	3.01%	+1.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.74%	2.96%	+2.78%

INEAX vs. OSTIX - Expense Ratio Comparison

INEAX has a 1.00% expense ratio, which is higher than OSTIX's 0.84% expense ratio.

Dividends

INEAX vs. OSTIX - Dividend Comparison

INEAX's dividend yield for the trailing twelve months is around 5.90%, more than OSTIX's 4.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INEAX Columbia High Yield Bond Fund	5.90%	5.70%	4.65%	4.87%	4.69%	4.13%	4.49%	4.76%	4.98%	4.71%	4.83%	5.04%
OSTIX Osterweis Strategic Income Fund	4.75%	3.96%	5.25%	5.72%	4.72%	4.03%	3.85%	4.74%	4.66%	4.58%	5.23%	5.98%

Frequently Asked Questions

Can I hold both INEAX and OSTIX in my portfolio?

INEAX and OSTIX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INEAX or OSTIX?

INEAX has higher volatility (1.04%) compared to OSTIX (0.53%). In terms of maximum drawdown, INEAX dropped -35.92% vs OSTIX's -10.06%.

Which has better risk-adjusted returns?

OSTIX currently has the higher Sharpe Ratio (2.93 vs 2.05), 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.