JENHX vs. JIBEX

Last updated Aug 1, 2026

JENHX (Johnson Enhanced Return Fund) and JIBEX (Johnson Institutional Intermediate Bond Fund) are both mutual funds - JENHX is a Large Cap Blend Equities fund managed by Johnson Mutual Funds, while JIBEX is a Intermediate Core Bond fund managed by Johnson Mutual Funds. Over the past 10 years, JENHX returned 13.50%/yr vs 1.91%/yr for JIBEX. Their -0.07 correlation means they have often moved in opposite directions in the past. JENHX charges 0.35%/yr vs 0.25%/yr for JIBEX.

Performance

JENHX vs. JIBEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Johnson Enhanced Return Fund (JENHX) 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, JENHX achieves a 7.64% return, which is significantly higher than JIBEX's -0.46% return. Over the past 10 years, JENHX has outperformed JIBEX with an annualized return of 13.50%, while JIBEX has yielded a comparatively lower 1.91% annualized return.

JENHX

• 1D: 1.70%
• 1M: -0.66%
• 6M: 6.21%
• YTD: 7.64%
• 1Y: 18.54%
• 3Y*: 17.82%
• 5Y*: 9.90%
• 10Y*: 13.50%
• ALL TIME*: 8.55%

JIBEX

• 1D: 0.07%
• 1M: -0.27%
• 6M: -0.60%
• YTD: -0.46%
• 1Y: 1.68%
• 3Y*: 4.31%
• 5Y*: 0.67%
• 10Y*: 1.91%
• ALL TIME*: 1.11%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JENHX Johnson Enhanced Return Fund	$0.00	$0.00	$0.00
JIBEX Johnson Institutional Intermediate Bond Fund	$0.00	$0.00	$0.00

JENHX vs. JIBEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JENHX Johnson Enhanced Return Fund	7.64%	18.37%	22.31%	24.92%	-23.62%	26.54%	19.34%	33.79%	-6.01%	21.40%
JIBEX Johnson Institutional Intermediate Bond Fund	-0.46%	7.39%	2.58%	5.46%	-9.24%	-1.72%	7.20%	7.54%	0.41%	2.81%

Correlation

The correlation between JENHX and JIBEX is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (3Y) Balances recent behavior with more history.	0.29
Correlation (5Y) Shows whether the relationship held over a longer period.	0.26
Correlation (10Y) Provides a long-term view across more market conditions.	0.10
Correlation (All Time) Calculated using the full available price history since Jan 5, 2006	-0.07

The correlation between JENHX and JIBEX shifts across timeframes, from -0.07 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JENHX vs. JIBEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JENHX

JENHX Risk / Return Rank: 43
JENHX Sharpe Ratio Rank: 42
JENHX Sortino Ratio Rank: 40
JENHX Omega Ratio Rank: 40
JENHX Calmar Ratio Rank: 43
JENHX Martin Ratio Rank: 53

JIBEX

JIBEX Risk / Return Rank: 24
JIBEX Sharpe Ratio Rank: 26
JIBEX Sortino Ratio Rank: 26
JIBEX Omega Ratio Rank: 25
JIBEX Calmar Ratio Rank: 24
JIBEX Martin Ratio Rank: 18

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JENHX vs. JIBEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Johnson Enhanced Return Fund (JENHX) 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.

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.

	JENHX	JIBEX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	0.90	+0.36
Sortino ratio: Return per unit of downside risk	1.80	1.34	+0.45
Omega ratio: Gain probability vs. loss probability	1.23	1.16	+0.07
Calmar ratio: Return relative to maximum drawdown	1.77	1.11	+0.66
Martin ratio: Return relative to average drawdown	7.42	2.54	+4.88

JENHX vs. JIBEX - Sharpe Ratio Comparison

The current JENHX Sharpe Ratio is 1.27, which is higher than the JIBEX Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of JENHX 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.

Drawdowns

JENHX vs. JIBEX - Drawdown Comparison

The maximum JENHX drawdown since its inception was -61.05%, which is greater than JIBEX's maximum drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for JENHX and JIBEX.

Drawdown Indicators

	JENHX	JIBEX	Difference
Max Drawdown Largest peak-to-trough decline	-61.05%	-13.85%	-47.20%
Max Drawdown (1Y) Largest decline over 1 year	-9.45%	-2.21%	-7.24%
Max Drawdown (3Y) Largest decline over 3 years	-18.37%	-3.37%	-15.00%
Max Drawdown (5Y) Largest decline over 5 years	-29.66%	-13.76%	-15.90%
Max Drawdown (10Y) Largest decline over 10 years	-36.15%	-13.85%	-22.30%
Current Drawdown Current decline from peak	-2.55%	-1.81%	-0.74%
Average Drawdown Average peak-to-trough decline	-11.15%	-3.62%	-7.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	0.96%	+1.29%

Volatility

JENHX vs. JIBEX - Volatility Comparison

Johnson Enhanced Return Fund (JENHX) has a higher volatility of 3.63% compared to Johnson Institutional Intermediate Bond Fund (JIBEX) at 0.66%. This indicates that JENHX'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

	JENHX	JIBEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	0.66%	+2.97%
Volatility (6M) Calculated over the trailing 6-month period	10.52%	2.13%	+8.39%
Volatility (1Y) Calculated over the trailing 1-year period	13.18%	2.71%	+10.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.30%	4.40%	+12.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.02%	3.59%	+14.43%

JENHX vs. JIBEX - Expense Ratio Comparison

JENHX has a 0.35% expense ratio, which is higher than JIBEX's 0.25% expense ratio.

Dividends

JENHX vs. JIBEX - Dividend Comparison

JENHX's dividend yield for the trailing twelve months is around 18.37%, more than JIBEX's 3.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JENHX Johnson Enhanced Return Fund	18.37%	19.20%	7.26%	2.10%	7.70%	39.01%	5.59%	11.85%	7.67%	21.41%	5.15%	5.70%
JIBEX Johnson Institutional Intermediate Bond Fund	3.35%	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 JENHX and JIBEX in my portfolio?

JENHX and JIBEX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JENHX or JIBEX?

JENHX has higher volatility (3.63%) compared to JIBEX (0.66%). In terms of maximum drawdown, JENHX dropped -61.05% vs JIBEX's -13.85%.

Which has better risk-adjusted returns?

JENHX currently has the higher Sharpe Ratio (1.27 vs 0.90), 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.