- ISIN
- US3048711069
- CUSIP
- 304871106
- Issuer
- Fairholme
- Inception Date
- Dec 29, 1999
- Category
- Large Cap Value Equities
- Min. Investment
- $10,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
FAIRX Performance Chart
Fairholme Fund (FAIRX) is up 9.2% since the beginning of the year. FAIRX is currently trading at $42 per share. Investors who bought $1,000 worth of FAIRX shares 5 years ago would now be looking at an investment worth $1,474.
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Returns By Period
Fairholme Fund (FAIRX) has returned 9.17% so far this year and 34.39% over the past 12 months. Over the last ten years, FAIRX has returned 9.58% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Fairholme Fund
- 1D
- 2.89%
- 1M
- 2.13%
- YTD
- 9.17%
- 6M
- 7.31%
- 1Y
- 34.39%
- 3Y*
- 14.19%
- 5Y*
- 8.07%
- 10Y*
- 9.58%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FAIRX Monthly Returns History
Based on dividend-adjusted daily data since Dec 29, 1999, FAIRX's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2016 with a return of +29.1%, while the worst month was Jun 2022 at -18.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.
On a daily basis, FAIRX closed higher 51% of trading days. The best single day was Jul 27, 2023 with a return of +15.0%, while the worst single day was Feb 21, 2017 at -13.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.90% | 7.29% | -10.68% | 2.29% | -1.58% | 2.96% | 9.17% | ||||||
| 2025 | 5.83% | 0.16% | -1.08% | -8.11% | 5.08% | 5.50% | 4.29% | 0.82% | -1.29% | 11.20% | 5.75% | -0.66% | 29.49% |
| 2024 | -6.28% | -1.74% | 6.76% | -1.04% | -0.54% | -2.60% | 10.06% | -2.67% | -1.42% | -9.00% | 1.13% | -9.86% | -17.44% |
| 2023 | 18.14% | -7.66% | -2.22% | -1.10% | 10.42% | 3.85% | 25.99% | -2.12% | -9.83% | -11.63% | 8.53% | 13.72% | 46.72% |
| 2022 | -5.69% | 9.67% | 8.63% | -8.06% | -4.17% | -18.33% | 5.56% | -7.11% | -13.17% | 9.33% | 5.63% | 0.00% | -20.49% |
| 2021 | -0.96% | 9.01% | -10.72% | 5.95% | 1.58% | -8.67% | 0.98% | 1.15% | -6.39% | 9.55% | 1.31% | 6.28% | 6.87% |
Benchmark Metrics
Fairholme Fund has an annualized alpha of 5.88%, beta of 0.72, and R2 of 0.44 versus S&P 500 Index. Calculated based on daily prices since December 29, 1999.
- This fund captured 100.62% of S&P 500 Index gains but only 86.08% of its losses - a favorable profile for investors.
- R2 of 0.44 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 5.88%
- Beta
- 0.72
- R²
- 0.44
- Upside Capture
- 100.62%
- Downside Capture
- 86.08%
Expense Ratio
FAIRX has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FAIRX ranks 32 for risk / return — below 32% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fairholme Fund (FAIRX) and compare them to S&P 500 Index.
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.
| FAIRX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.78 | -0.33 |
| Martin ratioReturn relative to average drawdown | 6.61 | 12.44 | -5.83 |
Dividends
Dividend History
Fairholme Fund provided a 0.53% dividend yield over the last twelve months, with an annual payout of $0.22 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.22 | $0.22 | $0.21 | $0.15 | $0.00 | $0.00 | $0.17 | $0.17 | $0.34 | $0.26 | $1.58 | $12.91 |
Dividend yield | 0.53% | 0.58% | 0.71% | 0.41% | 0.00% | 0.00% | 0.57% | 0.83% | 2.23% | 1.29% | 7.29% | 69.79% |
Monthly Dividends
The table displays the monthly dividend distributions for Fairholme Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fairholme Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fairholme Fund was 51.28%, occurring on Mar 2, 2009. Recovery took 258 trading sessions.
The current Fairholme Fund drawdown is 8.09%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -51.28%Mar 2009 | 1y 4mo | 1y 8d | 2y 4moNov 2007 - Mar 2010 |
Bear market2022 | -41.50%Sep 2022 | 5mo 25d | 10mo 4d | 1y 3moApr 2022 - Jul 2023 |
2011 bear market2011 | -37.34%Oct 2011 | 7mo 17d | 1y 6mo | 2y 2moFeb 2011 - Apr 2013 |
Rate-hike selloffLate 2018 | -35.89%Dec 2018 | 1y 10mo | 1y 10mo | 3y 8moFeb 2017 - Nov 2020 |
2016 bear market2016 | -35.53%Feb 2016 | 1y 7mo | 9mo 23d | 2y 5moJun 2014 - Nov 2016 |
Drawdown Indicators
| FAIRX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.28% | -56.78% | +5.50% |
Max Drawdown (1Y)Largest decline over 1 year | -13.96% | -9.10% | -4.86% |
Max Drawdown (3Y)Largest decline over 3 years | -27.95% | -18.90% | -9.05% |
Max Drawdown (5Y)Largest decline over 5 years | -41.50% | -25.43% | -16.07% |
Max Drawdown (10Y)Largest decline over 10 years | -41.50% | -33.92% | -7.58% |
Current DrawdownCurrent decline from peak | -8.09% | -1.80% | -6.29% |
Average DrawdownAverage peak-to-trough decline | -11.59% | -10.71% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.17% | 2.03% | +3.14% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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