OANCX vs. HOBIX

Last updated Jun 4, 2026

OANCX (Oakmark Bond Fund) and HOBIX (Holbrook Income Fund Class I) are both Intermediate Core-Plus Bond funds. Over the past 5 years, OANCX returned 1.01%/yr vs 4.33%/yr for HOBIX. At a 0.36 correlation, their price movements are largely independent. OANCX charges 0.52%/yr vs 1.05%/yr for HOBIX.

Performance

OANCX vs. HOBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oakmark Bond Fund (OANCX) and Holbrook Income Fund Class I (HOBIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OANCX achieves a 0.79% return, which is significantly lower than HOBIX's 2.43% return.

OANCX

• 1D: 0.11%
• 1M: 0.59%
• YTD: 0.79%
• 6M: 0.75%
• 1Y: 6.36%
• 3Y*: 5.18%
• 5Y*: 1.01%
• 10Y*: —

HOBIX

• 1D: 0.00%
• 1M: 0.48%
• YTD: 2.43%
• 6M: 2.87%
• 1Y: 6.61%
• 3Y*: 7.32%
• 5Y*: 4.33%
• 10Y*: —

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

OANCX vs. HOBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
OANCX Oakmark Bond Fund	0.79%	7.05%	3.19%	6.12%	-11.36%	0.49%	5.11%
HOBIX Holbrook Income Fund Class I	2.43%	7.67%	7.66%	5.65%	-2.91%	6.13%	13.83%

Correlation

The correlation between OANCX and HOBIX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jun 15, 2020	0.36

Return for Risk

OANCX vs. HOBIX — Risk / Return Rank

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

OANCX

OANCX Risk / Return Rank: 39
OANCX Sharpe Ratio Rank: 37
OANCX Sortino Ratio Rank: 40
OANCX Omega Ratio Rank: 37
OANCX Calmar Ratio Rank: 44
OANCX Martin Ratio Rank: 35

HOBIX

HOBIX Risk / Return Rank: 98
HOBIX Sharpe Ratio Rank: 94
HOBIX Sortino Ratio Rank: 99
HOBIX Omega Ratio Rank: 100
HOBIX Calmar Ratio Rank: 99
HOBIX Martin Ratio Rank: 99

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.

OANCX vs. HOBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oakmark Bond Fund (OANCX) and Holbrook Income Fund Class I (HOBIX). 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.

	OANCX	HOBIX	Difference
Sharpe ratio: Return per unit of total volatility	1.78	3.31	-1.53
Sortino ratio: Return per unit of downside risk	2.66	10.66	-8.00
Omega ratio: Gain probability vs. loss probability	1.32	5.19	-3.87
Calmar ratio: Return relative to maximum drawdown	2.54	13.02	-10.49
Martin ratio: Return relative to average drawdown	7.81	45.38	-37.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OANCX vs. HOBIX - Sharpe Ratio Comparison

The current OANCX Sharpe Ratio is 1.78, which is lower than the HOBIX Sharpe Ratio of 3.31. The chart below compares the historical Sharpe Ratios of OANCX and HOBIX, 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

	OANCX	HOBIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	3.31	-1.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	1.64	-1.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.85	-0.48

Drawdowns

OANCX vs. HOBIX - Drawdown Comparison

The maximum OANCX drawdown since its inception was -15.58%, smaller than the maximum HOBIX drawdown of -23.52%. Use the drawdown chart below to compare losses from any high point for OANCX and HOBIX.

Drawdown Indicators

	OANCX	HOBIX	Difference
Max Drawdown Largest peak-to-trough decline	-15.58%	-23.52%	+7.94%
Max Drawdown (1Y) Largest decline over 1 year	-2.52%	-0.51%	-2.01%
Max Drawdown (3Y) Largest decline over 3 years	-5.50%	-2.77%	-2.73%
Max Drawdown (5Y) Largest decline over 5 years	-15.58%	-4.16%	-11.42%
Current Drawdown Current decline from peak	-1.03%	0.00%	-1.03%
Average Drawdown Average peak-to-trough decline	-4.70%	-0.97%	-3.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	0.15%	+0.67%

Volatility

OANCX vs. HOBIX - Volatility Comparison

Oakmark Bond Fund (OANCX) has a higher volatility of 1.21% compared to Holbrook Income Fund Class I (HOBIX) at 0.53%. This indicates that OANCX's price experiences larger fluctuations and is considered to be riskier than HOBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OANCX	HOBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.21%	0.53%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	2.61%	1.59%	+1.02%
Volatility (1Y) Calculated over the trailing 1-year period	3.60%	2.01%	+1.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.01%	2.65%	+2.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.67%	5.73%	-1.06%

OANCX vs. HOBIX - Expense Ratio Comparison

OANCX has a 0.52% expense ratio, which is lower than HOBIX's 1.05% expense ratio.

Dividends

OANCX vs. HOBIX - Dividend Comparison

OANCX's dividend yield for the trailing twelve months is around 4.86%, less than HOBIX's 6.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HOBIX Holbrook Income Fund Class I	6.29%	6.45%	7.04%	6.35%	5.31%	3.97%	6.30%	3.51%	4.32%	2.12%
OANCX Oakmark Bond Fund	4.86%	3.76%	4.53%	3.82%	2.97%	3.07%	1.24%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OANCX and HOBIX in my portfolio?

OANCX and HOBIX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OANCX or HOBIX?

OANCX has higher volatility (1.21%) compared to HOBIX (0.53%). In terms of maximum drawdown, OANCX dropped -15.58% vs HOBIX's -23.52%.

Which has better risk-adjusted returns?

HOBIX currently has the higher Sharpe Ratio (3.31 vs 1.78), 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.