PTRIX vs. HOBIX

Last updated Jun 24, 2026

PTRIX (PIMCO Mortgage-Backed Securities Fund) and HOBIX (Holbrook Income Fund Class I) are both Intermediate Core-Plus Bond funds. At a 0.27 correlation, their price movements are largely independent. PTRIX charges 0.50%/yr vs 1.05%/yr for HOBIX.

Performance

PTRIX vs. HOBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Mortgage-Backed Securities Fund (PTRIX) and Holbrook Income Fund Class I (HOBIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PTRIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOBIX

• 1D: 0.00%
• 1M: 0.38%
• YTD: 2.22%
• 6M: 3.19%
• 1Y: 6.17%
• 3Y*: 7.14%
• 5Y*: 4.26%
• 10Y*: —

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

PTRIX vs. HOBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PTRIX PIMCO Mortgage-Backed Securities Fund	0.00%	0.00%	5.87%	5.25%	-14.13%	1.04%	5.30%	6.44%	1.35%	4.38%
HOBIX Holbrook Income Fund Class I	2.22%	7.67%	7.66%	5.65%	-2.91%	6.13%	7.45%	7.70%	1.74%	2.75%

Correlation

The correlation between PTRIX and HOBIX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.27

Return for Risk

PTRIX vs. HOBIX — Risk / Return Rank

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

PTRIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HOBIX

HOBIX Risk / Return Rank: 98
HOBIX Sharpe Ratio Rank: 95
HOBIX Sortino Ratio Rank: 99
HOBIX Omega Ratio Rank: 99
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.

PTRIX vs. HOBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Mortgage-Backed Securities Fund (PTRIX) 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.

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.

	PTRIX	HOBIX	Difference
Sharpe ratio: Return per unit of total volatility	—	3.08	—
Sortino ratio: Return per unit of downside risk	—	9.57	—
Omega ratio: Gain probability vs. loss probability	—	4.27	—
Calmar ratio: Return relative to maximum drawdown	—	12.16	—
Martin ratio: Return relative to average drawdown	—	41.54	—

Drawdowns

Drawdown Indicators

	PTRIX	HOBIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-23.52%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.51%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-2.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-4.16%	—
Current Drawdown Current decline from peak	—	-0.20%	—
Average Drawdown Average peak-to-trough decline	—	-0.96%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.15%	—

Volatility

Volatility by Period

	PTRIX	HOBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	2.02%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	2.65%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	5.72%	—

PTRIX vs. HOBIX - Expense Ratio Comparison

PTRIX has a 0.50% expense ratio, which is lower than HOBIX's 1.05% expense ratio.

Dividends

PTRIX vs. HOBIX - Dividend Comparison

PTRIX has not paid dividends to shareholders, while HOBIX's dividend yield for the trailing twelve months is around 6.31%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HOBIX Holbrook Income Fund Class I	6.31%	6.45%	7.04%	6.35%	5.31%	3.97%	6.30%	3.51%	4.32%	2.12%	0.00%	0.00%
PTRIX PIMCO Mortgage-Backed Securities Fund	0.00%	0.00%	4.07%	5.32%	3.82%	3.02%	2.89%	3.73%	3.54%	3.04%	3.18%	2.43%

Frequently Asked Questions

Can I hold both PTRIX and HOBIX in my portfolio?

PTRIX and HOBIX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.