ATPYX vs. FOCIX

Last updated Jun 23, 2026

ATPYX (Aquila High Income Fund) and FOCIX (Fairholme Focused Income Fund) are both High Yield Bonds funds. At a correlation of -0.22, they often move in opposite directions. ATPYX charges 0.98%/yr vs 1.00%/yr for FOCIX.

Performance

ATPYX vs. FOCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aquila High Income Fund (ATPYX) and Fairholme Focused Income Fund (FOCIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ATPYX

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FOCIX

• 1D: -0.07%
• 1M: -2.66%
• YTD: 6.44%
• 6M: 6.00%
• 1Y: 9.82%
• 3Y*: 11.07%
• 5Y*: 8.54%
• 10Y*: 6.89%

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

ATPYX vs. FOCIX - Yearly Performance Comparison

	2026 (YTD)
ATPYX Aquila High Income Fund	0.37%
FOCIX Fairholme Focused Income Fund	-1.03%

Correlation

The correlation between ATPYX and FOCIX is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	-0.22

Return for Risk

ATPYX vs. FOCIX — Risk / Return Rank

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

ATPYX

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

FOCIX

FOCIX Risk / Return Rank: 38
FOCIX Sharpe Ratio Rank: 26
FOCIX Sortino Ratio Rank: 28
FOCIX Omega Ratio Rank: 26
FOCIX Calmar Ratio Rank: 69
FOCIX Martin Ratio Rank: 43

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.

ATPYX vs. FOCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aquila High Income Fund (ATPYX) and Fairholme Focused Income Fund (FOCIX). 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.

	ATPYX	FOCIX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.37	—
Sortino ratio: Return per unit of downside risk	—	2.06	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	3.06	—
Martin ratio: Return relative to average drawdown	—	8.65	—

Drawdowns

ATPYX vs. FOCIX - Drawdown Comparison

The maximum ATPYX drawdown since its inception was -0.49%, smaller than the maximum FOCIX drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for ATPYX and FOCIX.

Drawdown Indicators

	ATPYX	FOCIX	Difference
Max Drawdown Largest peak-to-trough decline	-0.49%	-18.78%	+18.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.33%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-7.96%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-12.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-18.61%	—
Current Drawdown Current decline from peak	-0.24%	-2.66%	+2.42%
Average Drawdown Average peak-to-trough decline	-0.23%	-4.76%	+4.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.17%	—

Volatility

Volatility by Period

	ATPYX	FOCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.03%	7.43%	-4.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.03%	9.75%	-6.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.03%	9.08%	-6.05%

ATPYX vs. FOCIX - Expense Ratio Comparison

ATPYX has a 0.98% expense ratio, which is lower than FOCIX's 1.00% expense ratio.

Dividends

ATPYX vs. FOCIX - Dividend Comparison

ATPYX's dividend yield for the trailing twelve months is around 0.49%, less than FOCIX's 1.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ATPYX Aquila High Income Fund	0.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FOCIX Fairholme Focused Income Fund	1.23%	1.31%	2.46%	2.82%	2.24%	1.12%	0.65%	2.75%	4.57%	9.83%	5.16%	5.51%

Frequently Asked Questions

Can I hold both ATPYX and FOCIX in my portfolio?

ATPYX and FOCIX have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.