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WEFIX vs. HOBEX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WEFIX vs. HOBEX

Last updated Jun 24, 2026

WEFIX (Weitz Short Duration Income Fund) and HOBEX (Holbrook Income Fund) are both Short-Term Bond funds. Over the past 5 years, WEFIX returned 3.11%/yr vs 3.76%/yr for HOBEX. At a 0.33 correlation, their price movements are largely independent. WEFIX charges 0.48%/yr vs 1.60%/yr for HOBEX.

Performance

WEFIX vs. HOBEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Weitz Short Duration Income Fund (WEFIX) and Holbrook Income Fund (HOBEX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, WEFIX achieves a 1.03% return, which is significantly lower than HOBEX's 1.91% return.

WEFIX

1D
-0.08%
1M
0.29%
YTD
1.03%
6M
1.42%
1Y
4.11%
3Y*
5.45%
5Y*
3.11%
10Y*
2.74%

HOBEX

1D
0.00%
1M
0.34%
YTD
1.91%
6M
2.93%
1Y
5.65%
3Y*
6.47%
5Y*
3.76%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

WEFIX vs. HOBEX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
WEFIX
Weitz Short Duration Income Fund		1.03%5.64%6.12%5.90%-2.72%1.04%3.34%4.23%1.34%1.54%
HOBEX
Holbrook Income Fund		1.91%7.23%7.16%4.74%-3.42%6.25%6.83%7.30%1.26%2.42%

Correlation

The correlation between WEFIX and HOBEX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

Correlation (3Y)
Calculated over the trailing 3-year period

0.41

Correlation (5Y)
Calculated over the trailing 5-year period

0.44

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2017

0.33

The correlation between WEFIX and HOBEX shifts across timeframes, from 0.33 (all time) to 0.44 (5 years), reflecting how their relationship changes across market environments.

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Weitz Short Duration Income Fund

Holbrook Income Fund

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WEFIX vs. FCNVXWEFIX vs. FTHRXWEFIX vs. PSTQXWEFIX vs. FTBFXWEFIX vs. HICOXWEFIX vs. IGSBWEFIX vs. STBFX
Often compared with HOBEX:
HOBEX vs. PONPXHOBEX vs. PEYHOBEX vs. FDFIXHOBEX vs. HOBIXHOBEX vs. BINCHOBEX vs. PULSHOBEX vs. PQIPX

Return for Risk

WEFIX vs. HOBEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WEFIX
WEFIX Risk / Return Rank: 9191
Overall Rank
WEFIX Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
WEFIX Sortino Ratio Rank: 9696
Sortino Ratio Rank
WEFIX Omega Ratio Rank: 9292
Omega Ratio Rank
WEFIX Calmar Ratio Rank: 9292
Calmar Ratio Rank
WEFIX Martin Ratio Rank: 9696
Martin Ratio Rank
HOBEX
HOBEX Risk / Return Rank: 9797
Overall Rank
HOBEX Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
HOBEX Sortino Ratio Rank: 9898
Sortino Ratio Rank
HOBEX Omega Ratio Rank: 9898
Omega Ratio Rank
HOBEX Calmar Ratio Rank: 9898
Calmar Ratio Rank
HOBEX Martin Ratio Rank: 9898
Martin Ratio Rank
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.

WEFIX vs. HOBEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Weitz Short Duration Income Fund (WEFIX) and Holbrook Income Fund (HOBEX). 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.

WEFIXHOBEXDifference
Sharpe ratioReturn per unit of total volatility
2.37
2.74

-0.38

Sortino ratioReturn per unit of downside risk
5.14
7.16

-2.03

Omega ratioGain probability vs. loss probability

1.66

2.43

-0.77

Calmar ratioReturn relative to maximum drawdown

4.68

9.35

-4.68

Martin ratioReturn relative to average drawdown

21.16

33.09

-11.93

WEFIX vs. HOBEX - Sharpe Ratio Comparison

The current WEFIX Sharpe Ratio is 2.37, which is comparable to the HOBEX Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of WEFIX and HOBEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

WEFIX vs. HOBEX - Drawdown Comparison

The maximum WEFIX drawdown since its inception was -5.98%, smaller than the maximum HOBEX drawdown of -23.58%. Use the drawdown chart below to compare losses from any high point for WEFIX and HOBEX.

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Drawdown Indicators

WEFIXHOBEXDifference

Max Drawdown

Largest peak-to-trough decline

-5.98%

-23.58%

+17.60%

Max Drawdown (1Y)

Largest decline over 1 year

-0.91%

-0.61%

-0.30%

Max Drawdown (3Y)

Largest decline over 3 years

-0.91%

-2.74%

+1.83%

Max Drawdown (5Y)

Largest decline over 5 years

-4.75%

-4.57%

-0.18%

Max Drawdown (10Y)

Largest decline over 10 years

-5.98%

—

—

Current Drawdown

Current decline from peak

-0.33%

-0.20%

-0.13%

Average Drawdown

Average peak-to-trough decline

-0.60%

-1.06%

+0.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.20%

0.17%

+0.03%

Volatility

WEFIX vs. HOBEX - Volatility Comparison

Weitz Short Duration Income Fund (WEFIX) has a higher volatility of 0.62% compared to Holbrook Income Fund (HOBEX) at 0.48%. This indicates that WEFIX's price experiences larger fluctuations and is considered to be riskier than HOBEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WEFIXHOBEXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.62%

0.48%

+0.14%

Volatility (6M)

Calculated over the trailing 6-month period

1.37%

1.53%

-0.16%

Volatility (1Y)

Calculated over the trailing 1-year period

1.80%

2.07%

-0.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.91%

2.61%

-0.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.70%

5.71%

-4.01%

WEFIX vs. HOBEX - Expense Ratio Comparison

WEFIX has a 0.48% expense ratio, which is lower than HOBEX's 1.60% expense ratio.

Dividends

WEFIX vs. HOBEX - Dividend Comparison

WEFIX's dividend yield for the trailing twelve months is around 4.55%, less than HOBEX's 5.81% yield.

PositionTTM20252024202320222021202020192018201720162015
HOBEX
Holbrook Income Fund		5.81%5.94%6.58%5.05%4.83%4.00%5.44%3.05%3.84%1.69%0.00%0.00%
WEFIX
Weitz Short Duration Income Fund		4.55%4.55%5.07%3.73%2.54%1.87%2.54%2.49%2.41%2.11%2.43%2.39%

Frequently Asked Questions

WEFIX and HOBEX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

WEFIX has higher volatility (0.62%) compared to HOBEX (0.48%). In terms of maximum drawdown, WEFIX dropped -5.98% vs HOBEX's -23.58%.

HOBEX currently has the higher Sharpe Ratio (2.74 vs 2.37), 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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