BCIFX vs. FAIRX

Last updated Jun 23, 2026

BCIFX (Blue Chip Investor Fund) and FAIRX (Fairholme Fund) are both Large Cap Value Equities funds. Over the past 10 years, BCIFX returned 7.51%/yr vs 9.58%/yr for FAIRX. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 1.00% expense ratio.

Performance

BCIFX vs. FAIRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blue Chip Investor Fund (BCIFX) and Fairholme Fund (FAIRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCIFX achieves a 2.04% return, which is significantly lower than FAIRX's 9.17% return. Over the past 10 years, BCIFX has underperformed FAIRX with an annualized return of 7.51%, while FAIRX has yielded a comparatively higher 9.58% annualized return.

BCIFX

• 1D: 0.45%
• 1M: -0.74%
• YTD: 2.04%
• 6M: 1.37%
• 1Y: 16.29%
• 3Y*: 10.87%
• 5Y*: 6.09%
• 10Y*: 7.51%

FAIRX

• 1D: 2.89%
• 1M: 2.13%
• YTD: 9.17%
• 6M: 7.31%
• 1Y: 34.39%
• 3Y*: 14.19%
• 5Y*: 8.07%
• 10Y*: 9.58%

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

BCIFX vs. FAIRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BCIFX Blue Chip Investor Fund	2.04%	15.39%	7.64%	18.88%	-16.65%	29.25%	-6.07%	20.90%	-15.13%	18.52%
FAIRX Fairholme Fund	9.17%	29.49%	-17.44%	46.72%	-20.49%	6.87%	47.76%	32.06%	-23.18%	-5.94%

Correlation

The correlation between BCIFX and FAIRX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Dec 31, 2001	0.64

Over the past year, the correlation between BCIFX and FAIRX has dropped to 0.42 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.

Return for Risk

BCIFX vs. FAIRX — Risk / Return Rank

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

BCIFX

BCIFX Risk / Return Rank: 22
BCIFX Sharpe Ratio Rank: 23
BCIFX Sortino Ratio Rank: 23
BCIFX Omega Ratio Rank: 21
BCIFX Calmar Ratio Rank: 20
BCIFX Martin Ratio Rank: 23

FAIRX

FAIRX Risk / Return Rank: 32
FAIRX Sharpe Ratio Rank: 26
FAIRX Sortino Ratio Rank: 29
FAIRX Omega Ratio Rank: 28
FAIRX Calmar Ratio Rank: 45
FAIRX Martin Ratio Rank: 31

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.

BCIFX vs. FAIRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blue Chip Investor Fund (BCIFX) and Fairholme Fund (FAIRX). 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.

	BCIFX	FAIRX	Difference
Sharpe ratio: Return per unit of total volatility	1.29	1.37	-0.08
Sortino ratio: Return per unit of downside risk	1.88	2.08	-0.20
Omega ratio: Gain probability vs. loss probability	1.22	1.26	-0.03
Calmar ratio: Return relative to maximum drawdown	1.51	2.45	-0.94
Martin ratio: Return relative to average drawdown	5.22	6.61	-1.38

BCIFX vs. FAIRX - Sharpe Ratio Comparison

The current BCIFX Sharpe Ratio is 1.29, which is comparable to the FAIRX Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of BCIFX and FAIRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BCIFX vs. FAIRX - Drawdown Comparison

The maximum BCIFX drawdown since its inception was -62.12%, which is greater than FAIRX's maximum drawdown of -51.28%. Use the drawdown chart below to compare losses from any high point for BCIFX and FAIRX.

Drawdown Indicators

	BCIFX	FAIRX	Difference
Max Drawdown Largest peak-to-trough decline	-62.12%	-51.28%	-10.84%
Max Drawdown (1Y) Largest decline over 1 year	-11.01%	-13.96%	+2.95%
Max Drawdown (3Y) Largest decline over 3 years	-62.12%	-27.95%	-34.17%
Max Drawdown (5Y) Largest decline over 5 years	-62.12%	-41.50%	-20.62%
Max Drawdown (10Y) Largest decline over 10 years	-62.12%	-41.50%	-20.62%
Current Drawdown Current decline from peak	-50.52%	-8.09%	-42.43%
Average Drawdown Average peak-to-trough decline	-12.14%	-11.59%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	5.17%	-2.00%

Volatility

BCIFX vs. FAIRX - Volatility Comparison

The current volatility for Blue Chip Investor Fund (BCIFX) is 4.02%, while Fairholme Fund (FAIRX) has a volatility of 4.96%. This indicates that BCIFX experiences smaller price fluctuations and is considered to be less risky than FAIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCIFX	FAIRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	4.96%	-0.94%
Volatility (6M) Calculated over the trailing 6-month period	9.80%	17.65%	-7.85%
Volatility (1Y) Calculated over the trailing 1-year period	12.87%	25.06%	-12.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.98%	26.28%	+39.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.04%	24.07%	+24.97%

BCIFX vs. FAIRX - Expense Ratio Comparison

Both BCIFX and FAIRX have an expense ratio of 1.00%.

Dividends

BCIFX vs. FAIRX - Dividend Comparison

BCIFX's dividend yield for the trailing twelve months is around 3.07%, more than FAIRX's 0.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCIFX Blue Chip Investor Fund	3.07%	3.14%	0.32%	4.68%	1.66%	1.29%	0.14%	1.23%	5.58%	5.84%	6.18%	6.41%
FAIRX Fairholme Fund	0.53%	0.58%	0.71%	0.41%	0.00%	0.00%	0.57%	0.83%	2.23%	1.29%	7.29%	69.79%

Frequently Asked Questions

Can I hold both BCIFX and FAIRX in my portfolio?

BCIFX and FAIRX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BCIFX or FAIRX?

FAIRX has higher volatility (4.96%) compared to BCIFX (4.02%). In terms of maximum drawdown, BCIFX dropped -62.12% vs FAIRX's -51.28%.

Which has better risk-adjusted returns?

FAIRX currently has the higher Sharpe Ratio (1.37 vs 1.29), 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.