JOPPX vs. JIBDX

Last updated Jun 3, 2026

JOPPX (Johnson Opportunity Fund) and JIBDX (Johnson Institutional Short Duration Bond Fund) are both mutual funds - JOPPX is a Mid Cap Blend Equities fund managed by Johnson Mutual Funds, while JIBDX is a Short-Term Bond fund managed by Johnson Mutual Funds. Over the past 10 years, JOPPX returned 9.10%/yr vs 2.10%/yr for JIBDX. At a correlation of -0.14, they often move in opposite directions. JOPPX charges 1.00%/yr vs 0.25%/yr for JIBDX.

Performance

JOPPX vs. JIBDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Johnson Opportunity Fund (JOPPX) and Johnson Institutional Short Duration Bond Fund (JIBDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JOPPX achieves a 4.99% return, which is significantly higher than JIBDX's 0.32% return. Over the past 10 years, JOPPX has outperformed JIBDX with an annualized return of 9.10%, while JIBDX has yielded a comparatively lower 2.10% annualized return.

JOPPX

• 1D: -0.06%
• 1M: -0.42%
• YTD: 4.99%
• 6M: 6.25%
• 1Y: 13.44%
• 3Y*: 8.78%
• 5Y*: 5.12%
• 10Y*: 9.10%

JIBDX

• 1D: -0.07%
• 1M: 0.07%
• YTD: 0.32%
• 6M: 0.75%
• 1Y: 3.64%
• 3Y*: 4.53%
• 5Y*: 1.92%
• 10Y*: 2.10%

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

JOPPX vs. JIBDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JOPPX Johnson Opportunity Fund	4.99%	4.13%	3.97%	17.12%	-12.39%	30.51%	7.85%	28.63%	-14.16%	16.95%
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 JOPPX and JIBDX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Sep 1, 2000	-0.14

The correlation between JOPPX and JIBDX shifts across timeframes, from -0.14 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JOPPX vs. JIBDX — Risk / Return Rank

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

JOPPX

JOPPX Risk / Return Rank: 12
JOPPX Sharpe Ratio Rank: 11
JOPPX Sortino Ratio Rank: 13
JOPPX Omega Ratio Rank: 11
JOPPX Calmar Ratio Rank: 13
JOPPX Martin Ratio Rank: 14

JIBDX

JIBDX Risk / Return Rank: 75
JIBDX Sharpe Ratio Rank: 81
JIBDX Sortino Ratio Rank: 86
JIBDX Omega Ratio Rank: 85
JIBDX Calmar Ratio Rank: 66
JIBDX Martin Ratio Rank: 56

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.

JOPPX vs. JIBDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Johnson Opportunity Fund (JOPPX) 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.

	JOPPX	JIBDX	Difference
Sharpe ratio Return per unit of total volatility	0.90	2.64	-1.74
Sortino ratio Return per unit of downside risk	1.45	4.10	-2.65
Omega ratio Gain probability vs. loss probability	1.16	1.58	-0.41
Calmar ratio Return relative to maximum drawdown	1.28	3.12	-1.85
Martin ratio Return relative to average drawdown	4.08	11.18	-7.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JOPPX vs. JIBDX - Sharpe Ratio Comparison

The current JOPPX Sharpe Ratio is 0.90, which is lower than the JIBDX Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of JOPPX and JIBDX, 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

	JOPPX	JIBDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	2.64	-1.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.91	-0.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	1.18	-0.70
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.46	-0.19

Drawdowns

JOPPX vs. JIBDX - Drawdown Comparison

The maximum JOPPX drawdown since its inception was -71.27%, which is greater than JIBDX's maximum drawdown of -8.51%. Use the drawdown chart below to compare losses from any high point for JOPPX and JIBDX.

Drawdown Indicators

	JOPPX	JIBDX	Difference
Max Drawdown Largest peak-to-trough decline	-71.27%	-8.51%	-62.76%
Max Drawdown (1Y) Largest decline over 1 year	-9.82%	-1.19%	-8.63%
Max Drawdown (3Y) Largest decline over 3 years	-25.88%	-1.19%	-24.69%
Max Drawdown (5Y) Largest decline over 5 years	-25.88%	-6.87%	-19.01%
Max Drawdown (10Y) Largest decline over 10 years	-38.28%	-6.95%	-31.33%
Current Drawdown Current decline from peak	-4.95%	-0.53%	-4.42%
Average Drawdown Average peak-to-trough decline	-14.48%	-2.48%	-12.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	0.33%	+2.75%

Volatility

JOPPX vs. JIBDX - Volatility Comparison

Johnson Opportunity Fund (JOPPX) has a higher volatility of 3.53% compared to Johnson Institutional Short Duration Bond Fund (JIBDX) at 0.48%. This indicates that JOPPX'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.

Volatility by Period

	JOPPX	JIBDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	0.48%	+3.05%
Volatility (6M) Calculated over the trailing 6-month period	9.98%	1.00%	+8.98%
Volatility (1Y) Calculated over the trailing 1-year period	14.31%	1.36%	+12.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.74%	2.12%	+15.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.21%	1.79%	+17.42%

JOPPX vs. JIBDX - Expense Ratio Comparison

JOPPX has a 1.00% expense ratio, which is higher than JIBDX's 0.25% expense ratio.

Dividends

JOPPX vs. JIBDX - Dividend Comparison

JOPPX's dividend yield for the trailing twelve months is around 4.67%, more than 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%
JOPPX Johnson Opportunity Fund	4.67%	4.90%	0.00%	3.67%	4.36%	13.04%	0.57%	4.36%	6.75%	10.55%	2.03%	9.61%

Frequently Asked Questions

Can I hold both JOPPX and JIBDX in my portfolio?

JOPPX and JIBDX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JOPPX or JIBDX?

JOPPX has higher volatility (3.53%) compared to JIBDX (0.48%). In terms of maximum drawdown, JOPPX dropped -71.27% vs JIBDX's -8.51%.

Which has better risk-adjusted returns?

JIBDX currently has the higher Sharpe Ratio (2.64 vs 0.90), 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.