JIBFX vs. STWTX
JIBFX (Johnson Institutional Core Bond Fund) and STWTX (Hartford Schroders Tax-Aware Bond Fund) are both Intermediate Core Bond funds. Over the past 10 years, JIBFX returned 1.76%/yr vs 1.72%/yr for STWTX. A 0.63 correlation means they provide meaningful diversification when combined. JIBFX charges 0.25%/yr vs 0.49%/yr for STWTX.
Performance
JIBFX vs. STWTX - Performance Comparison
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Returns By Period
In the year-to-date period, JIBFX achieves a 0.19% return, which is significantly lower than STWTX's 1.18% return. Both investments have delivered pretty close results over the past 10 years, with JIBFX having a 1.76% annualized return and STWTX not far behind at 1.72%.
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%
STWTX
- 1D
- -0.10%
- 1M
- 1.51%
- YTD
- 1.18%
- 6M
- 1.33%
- 1Y
- 6.48%
- 3Y*
- 2.38%
- 5Y*
- 0.32%
- 10Y*
- 1.72%
JIBFX vs. STWTX - 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% |
STWTX Hartford Schroders Tax-Aware Bond Fund | 1.18% | 1.67% | 1.33% | 6.86% | -8.46% | 0.01% | 6.01% | 7.59% | 0.34% | 4.13% |
Correlation
The correlation between JIBFX and STWTX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2011 | 0.63 |
The correlation between JIBFX and STWTX has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.
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Return for Risk
JIBFX vs. STWTX — Risk / Return Rank
JIBFX
STWTX
JIBFX vs. STWTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Johnson Institutional Core Bond Fund (JIBFX) and Hartford Schroders Tax-Aware Bond Fund (STWTX). 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 | STWTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.45 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.98 | -0.49 |
| Martin ratioReturn relative to average drawdown | 4.22 | 5.97 | -1.75 |
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Drawdowns
JIBFX vs. STWTX - Drawdown Comparison
The maximum JIBFX drawdown since its inception was -19.54%, which is greater than STWTX's maximum drawdown of -14.44%. Use the drawdown chart below to compare losses from any high point for JIBFX and STWTX.
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Drawdown Indicators
| JIBFX | STWTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.54% | -14.44% | -5.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -3.34% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -7.02% | -8.66% | +1.64% |
Max Drawdown (5Y)Largest decline over 5 years | -18.96% | -14.44% | -4.52% |
Max Drawdown (10Y)Largest decline over 10 years | -19.54% | -14.44% | -5.10% |
Current DrawdownCurrent decline from peak | -2.89% | -1.07% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -2.60% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 1.11% | -0.01% |
Volatility
JIBFX vs. STWTX - Volatility Comparison
Johnson Institutional Core Bond Fund (JIBFX) has a higher volatility of 1.12% compared to Hartford Schroders Tax-Aware Bond Fund (STWTX) at 0.72%. This indicates that JIBFX's price experiences larger fluctuations and is considered to be riskier than STWTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JIBFX | STWTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 0.72% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 2.30% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 3.23% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.54% | 4.96% | +1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.33% | 3.93% | +1.40% |
JIBFX vs. STWTX - Expense Ratio Comparison
JIBFX has a 0.25% expense ratio, which is lower than STWTX's 0.49% expense ratio.
Dividends
JIBFX vs. STWTX - Dividend Comparison
JIBFX's dividend yield for the trailing twelve months is around 3.93%, more than STWTX's 3.42% 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% |
STWTX Hartford Schroders Tax-Aware Bond Fund | 3.42% | 2.90% | 3.20% | 3.01% | 2.20% | 2.61% | 2.90% | 4.34% | 3.47% | 2.03% | 2.85% | 2.91% |
Frequently Asked Questions
JIBFX and STWTX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JIBFX has higher volatility (1.12%) compared to STWTX (0.72%). In terms of maximum drawdown, JIBFX dropped -19.54% vs STWTX's -14.44%.
STWTX currently has the higher Sharpe Ratio (2.05 vs 1.16), 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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