JIBEX vs. JIBDX
JIBEX (Johnson Institutional Intermediate Bond Fund) and JIBDX (Johnson Institutional Short Duration Bond Fund) are both mutual funds - JIBEX is a Intermediate Core Bond fund managed by Johnson Mutual Funds, while JIBDX is a Short-Term Bond fund managed by Johnson Mutual Funds. Over the past 10 years, JIBEX returned 2.09%/yr vs 2.10%/yr for JIBDX. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
JIBEX vs. JIBDX - Performance Comparison
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Returns By Period
In the year-to-date period, JIBEX achieves a -0.05% return, which is significantly lower than JIBDX's 0.32% return. Both investments have delivered pretty close results over the past 10 years, with JIBEX having a 2.09% annualized return and JIBDX not far ahead at 2.10%.
JIBEX
- 1D
- 0.00%
- 1M
- 0.14%
- YTD
- -0.05%
- 6M
- 0.02%
- 1Y
- 4.13%
- 3Y*
- 4.41%
- 5Y*
- 0.99%
- 10Y*
- 2.09%
JIBDX
- 1D
- 0.00%
- 1M
- 0.21%
- YTD
- 0.32%
- 6M
- 0.68%
- 1Y
- 3.64%
- 3Y*
- 4.53%
- 5Y*
- 1.93%
- 10Y*
- 2.10%
JIBEX vs. JIBDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JIBEX Johnson Institutional Intermediate Bond Fund | -0.05% | 7.39% | 2.58% | 5.46% | -9.24% | -1.72% | 7.20% | 7.54% | 0.41% | 2.81% |
JIBDX Johnson Institutional Short Duration Bond Fund | 0.32% | 5.91% | 3.98% | 4.77% | -4.29% | -0.91% | 3.91% | 4.65% | 1.14% | 1.54% |
Correlation
The correlation between JIBEX and JIBDX 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 | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 1, 2000 | 0.88 |
The correlation between JIBEX and JIBDX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.
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Return for Risk
JIBEX vs. JIBDX — Risk / Return Rank
JIBEX
JIBDX
JIBEX vs. JIBDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Johnson Institutional Intermediate Bond Fund (JIBEX) and Johnson Institutional Short Duration Bond Fund (JIBDX). 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.
| JIBEX | JIBDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.59 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 3.08 | -1.23 |
| Martin ratioReturn relative to average drawdown | 5.62 | 10.93 | -5.31 |
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
| JIBEX | JIBDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 2.69 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.91 | -0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 1.18 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.46 | -0.13 |
Drawdowns
JIBEX vs. JIBDX - Drawdown Comparison
The maximum JIBEX drawdown since its inception was -13.85%, which is greater than JIBDX's maximum drawdown of -8.51%. Use the drawdown chart below to compare losses from any high point for JIBEX and JIBDX.
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Drawdown Indicators
| JIBEX | JIBDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.85% | -8.51% | -5.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -1.19% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -3.37% | -1.19% | -2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -13.81% | -6.87% | -6.94% |
Max Drawdown (10Y)Largest decline over 10 years | -13.85% | -6.95% | -6.90% |
Current DrawdownCurrent decline from peak | -1.40% | -0.53% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -3.64% | -2.48% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.33% | +0.39% |
Volatility
JIBEX vs. JIBDX - Volatility Comparison
Johnson Institutional Intermediate Bond Fund (JIBEX) has a higher volatility of 0.92% compared to Johnson Institutional Short Duration Bond Fund (JIBDX) at 0.48%. This indicates that JIBEX's price experiences larger fluctuations and is considered to be riskier than JIBDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JIBEX | JIBDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 0.48% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 1.93% | 1.00% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.73% | 1.36% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.39% | 2.12% | +2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.58% | 1.79% | +1.79% |
JIBEX vs. JIBDX - Expense Ratio Comparison
Both JIBEX and JIBDX have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
JIBEX vs. JIBDX - Dividend Comparison
JIBEX's dividend yield for the trailing twelve months is around 3.68%, which matches JIBDX's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JIBDX Johnson Institutional Short Duration Bond Fund | 3.68% | 3.92% | 2.88% | 2.08% | 1.26% | 0.99% | 1.73% | 2.39% | 2.21% | 1.67% | 1.97% | 0.92% |
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
With a correlation of 0.90, JIBEX and JIBDX 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.
JIBEX has higher volatility (0.92%) compared to JIBDX (0.48%). In terms of maximum drawdown, JIBEX dropped -13.85% vs JIBDX's -8.51%.
JIBDX currently has the higher Sharpe Ratio (2.69 vs 1.50), 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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