JIBEX vs. AVIGX

Last updated Jun 23, 2026

JIBEX (Johnson Institutional Intermediate Bond Fund) and AVIGX (Avantis Core Fixed Income Fund) are both Intermediate Core Bond funds. Over the past 5 years, JIBEX returned 0.94%/yr vs -0.03%/yr for AVIGX. Their correlation of 0.94 suggests significant overlap in exposure. JIBEX charges 0.25%/yr vs 0.15%/yr for AVIGX.

Performance

JIBEX vs. AVIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Johnson Institutional Intermediate Bond Fund (JIBEX) and Avantis Core Fixed Income Fund (AVIGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with JIBEX at 0.02% and AVIGX at 0.02%.

JIBEX

• 1D: 0.27%
• 1M: 0.48%
• YTD: 0.02%
• 6M: 0.15%
• 1Y: 3.64%
• 3Y*: 4.53%
• 5Y*: 0.94%
• 10Y*: 2.07%

AVIGX

• 1D: 0.24%
• 1M: 0.72%
• YTD: 0.02%
• 6M: 0.50%
• 1Y: 4.99%
• 3Y*: 4.38%
• 5Y*: -0.03%
• 10Y*: —

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

JIBEX vs. AVIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JIBEX Johnson Institutional Intermediate Bond Fund	0.02%	7.39%	2.58%	5.46%	-9.24%	0.34%
AVIGX Avantis Core Fixed Income Fund	0.02%	8.04%	2.07%	5.13%	-13.62%	0.99%

Correlation

The correlation between JIBEX and AVIGX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021	0.94

The correlation between JIBEX and AVIGX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

Return for Risk

JIBEX vs. AVIGX — Risk / Return Rank

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

JIBEX

JIBEX Risk / Return Rank: 24
JIBEX Sharpe Ratio Rank: 26
JIBEX Sortino Ratio Rank: 28
JIBEX Omega Ratio Rank: 25
JIBEX Calmar Ratio Rank: 24
JIBEX Martin Ratio Rank: 20

AVIGX

AVIGX Risk / Return Rank: 21
AVIGX Sharpe Ratio Rank: 20
AVIGX Sortino Ratio Rank: 21
AVIGX Omega Ratio Rank: 20
AVIGX Calmar Ratio Rank: 23
AVIGX Martin Ratio Rank: 20

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.

JIBEX vs. AVIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Johnson Institutional Intermediate Bond Fund (JIBEX) and Avantis Core Fixed Income Fund (AVIGX). 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.

	JIBEX	AVIGX	Difference
Sharpe ratio: Return per unit of total volatility	1.36	1.21	+0.15
Sortino ratio: Return per unit of downside risk	2.04	1.79	+0.25
Omega ratio: Gain probability vs. loss probability	1.24	1.22	+0.03
Calmar ratio: Return relative to maximum drawdown	1.68	1.65	+0.03
Martin ratio: Return relative to average drawdown	4.69	4.74	-0.05

JIBEX vs. AVIGX - Sharpe Ratio Comparison

The current JIBEX Sharpe Ratio is 1.36, which is comparable to the AVIGX Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of JIBEX and AVIGX, 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

JIBEX vs. AVIGX - Drawdown Comparison

The maximum JIBEX drawdown since its inception was -13.85%, smaller than the maximum AVIGX drawdown of -19.39%. Use the drawdown chart below to compare losses from any high point for JIBEX and AVIGX.

Drawdown Indicators

	JIBEX	AVIGX	Difference
Max Drawdown Largest peak-to-trough decline	-13.85%	-19.39%	+5.54%
Max Drawdown (1Y) Largest decline over 1 year	-2.21%	-3.04%	+0.83%
Max Drawdown (3Y) Largest decline over 3 years	-3.37%	-6.28%	+2.91%
Max Drawdown (5Y) Largest decline over 5 years	-13.81%	-19.39%	+5.58%
Max Drawdown (10Y) Largest decline over 10 years	-13.85%	—	—
Current Drawdown Current decline from peak	-1.34%	-1.85%	+0.51%
Average Drawdown Average peak-to-trough decline	-3.63%	-8.27%	+4.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	1.05%	-0.26%

Volatility

JIBEX vs. AVIGX - Volatility Comparison

The current volatility for Johnson Institutional Intermediate Bond Fund (JIBEX) is 1.00%, while Avantis Core Fixed Income Fund (AVIGX) has a volatility of 1.34%. This indicates that JIBEX experiences smaller price fluctuations and is considered to be less risky than AVIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JIBEX	AVIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.00%	1.34%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	2.05%	3.15%	-1.10%
Volatility (1Y) Calculated over the trailing 1-year period	2.74%	4.15%	-1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.40%	6.20%	-1.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.59%	6.07%	-2.48%

JIBEX vs. AVIGX - Expense Ratio Comparison

JIBEX has a 0.25% expense ratio, which is higher than AVIGX's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

JIBEX vs. AVIGX - Dividend Comparison

JIBEX's dividend yield for the trailing twelve months is around 3.68%, less than AVIGX's 4.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVIGX Avantis Core Fixed Income Fund	4.43%	4.45%	4.97%	2.92%	3.01%	0.79%	0.00%	0.00%	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 JIBEX and AVIGX in my portfolio?

With a correlation of 0.90, JIBEX and AVIGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JIBEX or AVIGX?

AVIGX has higher volatility (1.34%) compared to JIBEX (1.00%). In terms of maximum drawdown, JIBEX dropped -13.85% vs AVIGX's -19.39%.

Which has better risk-adjusted returns?

JIBEX currently has the higher Sharpe Ratio (1.36 vs 1.21), 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.