JIBEX vs. VBMFX

Last updated Jun 4, 2026

JIBEX (Johnson Institutional Intermediate Bond Fund) and VBMFX (Vanguard Total Bond Market Index Fund) are both Intermediate Core Bond funds. Over the past 10 years, JIBEX returned 2.09%/yr vs 1.46%/yr for VBMFX. Their correlation of 0.86 suggests significant overlap in exposure. JIBEX charges 0.25%/yr vs 0.15%/yr for VBMFX.

Performance

JIBEX vs. VBMFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Johnson Institutional Intermediate Bond Fund (JIBEX) and Vanguard Total Bond Market Index Fund (VBMFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JIBEX achieves a -0.05% return, which is significantly lower than VBMFX's 0.38% return. Over the past 10 years, JIBEX has outperformed VBMFX with an annualized return of 2.09%, while VBMFX has yielded a comparatively lower 1.46% annualized return.

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%

VBMFX

• 1D: 0.00%
• 1M: 0.54%
• YTD: 0.38%
• 6M: 0.29%
• 1Y: 5.22%
• 3Y*: 3.93%
• 5Y*: 0.10%
• 10Y*: 1.46%

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

JIBEX vs. VBMFX - 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%
VBMFX Vanguard Total Bond Market Index Fund	0.38%	7.05%	1.15%	5.62%	-13.25%	-2.04%	7.63%	8.61%	-0.34%	3.45%

Correlation

The correlation between JIBEX and VBMFX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Sep 1, 2000	0.86

The correlation between JIBEX and VBMFX has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.

Return for Risk

JIBEX vs. VBMFX — Risk / Return Rank

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

JIBEX

JIBEX Risk / Return Rank: 26
JIBEX Sharpe Ratio Rank: 27
JIBEX Sortino Ratio Rank: 30
JIBEX Omega Ratio Rank: 27
JIBEX Calmar Ratio Rank: 25
JIBEX Martin Ratio Rank: 22

VBMFX

VBMFX Risk / Return Rank: 22
VBMFX Sharpe Ratio Rank: 22
VBMFX Sortino Ratio Rank: 23
VBMFX Omega Ratio Rank: 21
VBMFX Calmar Ratio Rank: 23
VBMFX 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. VBMFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Johnson Institutional Intermediate Bond Fund (JIBEX) and Vanguard Total Bond Market Index Fund (VBMFX). 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	VBMFX	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.33	+0.17
Sortino ratio: Return per unit of downside risk	2.27	2.00	+0.27
Omega ratio: Gain probability vs. loss probability	1.27	1.24	+0.03
Calmar ratio: Return relative to maximum drawdown	1.84	1.80	+0.04
Martin ratio: Return relative to average drawdown	5.62	5.43	+0.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JIBEX vs. VBMFX - Sharpe Ratio Comparison

The current JIBEX Sharpe Ratio is 1.50, which is comparable to the VBMFX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of JIBEX and VBMFX, 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

	JIBEX	VBMFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	1.33	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.02	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.29	+0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.96	-0.64

Drawdowns

JIBEX vs. VBMFX - Drawdown Comparison

The maximum JIBEX drawdown since its inception was -13.85%, smaller than the maximum VBMFX drawdown of -19.08%. Use the drawdown chart below to compare losses from any high point for JIBEX and VBMFX.

Drawdown Indicators

	JIBEX	VBMFX	Difference
Max Drawdown Largest peak-to-trough decline	-13.85%	-19.08%	+5.23%
Max Drawdown (1Y) Largest decline over 1 year	-2.21%	-2.91%	+0.70%
Max Drawdown (3Y) Largest decline over 3 years	-3.37%	-6.02%	+2.65%
Max Drawdown (5Y) Largest decline over 5 years	-13.81%	-18.24%	+4.43%
Max Drawdown (10Y) Largest decline over 10 years	-13.85%	-19.08%	+5.23%
Current Drawdown Current decline from peak	-1.40%	-2.90%	+1.50%
Average Drawdown Average peak-to-trough decline	-3.64%	-2.70%	-0.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.72%	0.96%	-0.24%

Volatility

JIBEX vs. VBMFX - Volatility Comparison

The current volatility for Johnson Institutional Intermediate Bond Fund (JIBEX) is 0.92%, while Vanguard Total Bond Market Index Fund (VBMFX) has a volatility of 1.37%. This indicates that JIBEX experiences smaller price fluctuations and is considered to be less risky than VBMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JIBEX	VBMFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.92%	1.37%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	1.93%	2.79%	-0.86%
Volatility (1Y) Calculated over the trailing 1-year period	2.73%	3.96%	-1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.39%	6.01%	-1.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.58%	4.98%	-1.40%

JIBEX vs. VBMFX - Expense Ratio Comparison

JIBEX has a 0.25% expense ratio, which is higher than VBMFX'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. VBMFX - Dividend Comparison

JIBEX's dividend yield for the trailing twelve months is around 3.68%, less than VBMFX's 3.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VBMFX Vanguard Total Bond Market Index Fund	3.87%	3.76%	3.57%	2.99%	2.49%	1.72%	2.31%	2.63%	2.47%	2.45%	2.43%	2.71%

Frequently Asked Questions

Can I hold both JIBEX and VBMFX in my portfolio?

With a correlation of 0.91, JIBEX and VBMFX 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 VBMFX?

VBMFX has higher volatility (1.37%) compared to JIBEX (0.92%). In terms of maximum drawdown, JIBEX dropped -13.85% vs VBMFX's -19.08%.

Which has better risk-adjusted returns?

JIBEX currently has the higher Sharpe Ratio (1.50 vs 1.33), 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.