JIBFX vs. SCOAX
JIBFX (Johnson Institutional Core Bond Fund) and SCOAX (SEI Institutional Investments Trust Core Fixed Income Fund) are both Intermediate Core Bond funds. Over the past 10 years, JIBFX returned 1.76%/yr vs 1.84%/yr for SCOAX. Their correlation of 0.90 suggests significant overlap in exposure. JIBFX charges 0.25%/yr vs 0.36%/yr for SCOAX.
Performance
JIBFX vs. SCOAX - Performance Comparison
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Returns By Period
In the year-to-date period, JIBFX achieves a 0.19% return, which is significantly higher than SCOAX's 0.07% return. Both investments have delivered pretty close results over the past 10 years, with JIBFX having a 1.76% annualized return and SCOAX not far ahead at 1.84%.
JIBFX
- 1D
- -0.28%
- 1M
- 0.69%
- YTD
- 0.19%
- 6M
- 0.38%
- 1Y
- 4.32%
- 3Y*
- 4.06%
- 5Y*
- -0.08%
- 10Y*
- 1.76%
SCOAX
- 1D
- -0.23%
- 1M
- 0.59%
- YTD
- 0.07%
- 6M
- 0.42%
- 1Y
- 4.32%
- 3Y*
- 3.70%
- 5Y*
- -0.40%
- 10Y*
- 1.84%
JIBFX vs. SCOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JIBFX Johnson Institutional Core Bond Fund | 0.19% | 7.87% | 1.21% | 5.43% | -13.69% | -2.04% | 9.71% | 8.95% | 0.10% | 3.73% |
SCOAX SEI Institutional Investments Trust Core Fixed Income Fund | 0.07% | 7.56% | 0.82% | 5.44% | -14.84% | -1.49% | 9.49% | 9.59% | 0.11% | 5.07% |
Correlation
The correlation between JIBFX and SCOAX is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2000 | 0.90 |
The correlation between JIBFX and SCOAX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.
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Return for Risk
JIBFX vs. SCOAX — Risk / Return Rank
JIBFX
SCOAX
JIBFX vs. SCOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Johnson Institutional Core Bond Fund (JIBFX) and SEI Institutional Investments Trust Core Fixed Income Fund (SCOAX). 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.
| JIBFX | SCOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.50 | -0.01 |
| Martin ratioReturn relative to average drawdown | 4.22 | 4.20 | +0.02 |
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Drawdowns
JIBFX vs. SCOAX - Drawdown Comparison
The maximum JIBFX drawdown since its inception was -19.54%, roughly equal to the maximum SCOAX drawdown of -20.12%. Use the drawdown chart below to compare losses from any high point for JIBFX and SCOAX.
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Drawdown Indicators
| JIBFX | SCOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.54% | -20.12% | +0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -3.06% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -7.02% | -7.02% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -18.96% | -19.90% | +0.94% |
Max Drawdown (10Y)Largest decline over 10 years | -19.54% | -20.12% | +0.58% |
Current DrawdownCurrent decline from peak | -2.89% | -4.02% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -5.46% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 1.09% | +0.01% |
Volatility
JIBFX vs. SCOAX - Volatility Comparison
The current volatility for Johnson Institutional Core Bond Fund (JIBFX) is 1.12%, while SEI Institutional Investments Trust Core Fixed Income Fund (SCOAX) has a volatility of 1.18%. This indicates that JIBFX experiences smaller price fluctuations and is considered to be less risky than SCOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JIBFX | SCOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.18% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 2.98% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 4.03% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.54% | 6.37% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.33% | 5.24% | +0.09% |
JIBFX vs. SCOAX - Expense Ratio Comparison
JIBFX has a 0.25% expense ratio, which is lower than SCOAX's 0.36% expense ratio.
Dividends
JIBFX vs. SCOAX - Dividend Comparison
JIBFX's dividend yield for the trailing twelve months is around 3.93%, less than SCOAX's 4.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JIBFX Johnson Institutional Core Bond Fund | 3.93% | 3.85% | 3.69% | 2.92% | 2.41% | 1.75% | 3.11% | 2.76% | 2.77% | 2.52% | 3.03% | 2.60% |
SCOAX SEI Institutional Investments Trust Core Fixed Income Fund | 4.27% | 4.19% | 3.57% | 2.98% | 2.11% | 1.69% | 6.04% | 4.24% | 3.16% | 3.67% | 3.79% | 4.73% |
Frequently Asked Questions
With a correlation of 0.92, JIBFX and SCOAX 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.
SCOAX has higher volatility (1.18%) compared to JIBFX (1.12%). In terms of maximum drawdown, JIBFX dropped -19.54% vs SCOAX's -20.12%.
JIBFX currently has the higher Sharpe Ratio (1.16 vs 1.14), 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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