BVSIX vs. FAIRX

Last updated Jun 24, 2026

BVSIX (Baywood Socially Responsible Fund) and FAIRX (Fairholme Fund) are both Large Cap Value Equities funds. Over the past 10 years, BVSIX returned 11.27%/yr vs 9.71%/yr for FAIRX. A 0.61 correlation means they provide meaningful diversification when combined. BVSIX charges 0.89%/yr vs 1.00%/yr for FAIRX.

Performance

BVSIX vs. FAIRX - Performance Comparison

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

Returns By Period

In the year-to-date period, BVSIX achieves a 6.57% return, which is significantly lower than FAIRX's 8.33% return. Over the past 10 years, BVSIX has outperformed FAIRX with an annualized return of 11.27%, while FAIRX has yielded a comparatively lower 9.71% annualized return.

BVSIX

• 1D: 0.27%
• 1M: -0.84%
• YTD: 6.57%
• 6M: 6.15%
• 1Y: 14.68%
• 3Y*: 14.42%
• 5Y*: 9.61%
• 10Y*: 11.27%

FAIRX

• 1D: -0.77%
• 1M: 1.35%
• YTD: 8.33%
• 6M: 8.39%
• 1Y: 32.29%
• 3Y*: 14.58%
• 5Y*: 8.98%
• 10Y*: 9.71%

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

BVSIX vs. FAIRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BVSIX Baywood Socially Responsible Fund	6.57%	9.36%	14.58%	12.73%	-0.72%	26.88%	4.25%	26.56%	-12.79%	16.74%
FAIRX Fairholme Fund	8.33%	29.49%	-17.44%	46.72%	-20.49%	6.87%	47.76%	32.06%	-23.18%	-5.94%

Correlation

The correlation between BVSIX and FAIRX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012	0.61

The correlation between BVSIX and FAIRX shifts across timeframes, from 0.44 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BVSIX vs. FAIRX — Risk / Return Rank

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

BVSIX

BVSIX Risk / Return Rank: 28
BVSIX Sharpe Ratio Rank: 27
BVSIX Sortino Ratio Rank: 28
BVSIX Omega Ratio Rank: 24
BVSIX Calmar Ratio Rank: 31
BVSIX Martin Ratio Rank: 30

FAIRX

FAIRX Risk / Return Rank: 31
FAIRX Sharpe Ratio Rank: 25
FAIRX Sortino Ratio Rank: 28
FAIRX Omega Ratio Rank: 27
FAIRX Calmar Ratio Rank: 43
FAIRX Martin Ratio Rank: 30

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.

BVSIX vs. FAIRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baywood Socially Responsible Fund (BVSIX) 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.

	BVSIX	FAIRX	Difference
Sharpe ratio: Return per unit of total volatility	1.37	1.34	+0.03
Sortino ratio: Return per unit of downside risk	2.02	2.05	-0.03
Omega ratio: Gain probability vs. loss probability	1.24	1.25	-0.02
Calmar ratio: Return relative to maximum drawdown	1.96	2.40	-0.44
Martin ratio: Return relative to average drawdown	6.52	6.44	+0.08

BVSIX vs. FAIRX - Sharpe Ratio Comparison

The current BVSIX Sharpe Ratio is 1.37, which is comparable to the FAIRX Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of BVSIX 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

BVSIX vs. FAIRX - Drawdown Comparison

The maximum BVSIX drawdown since its inception was -40.73%, smaller than the maximum FAIRX drawdown of -51.28%. Use the drawdown chart below to compare losses from any high point for BVSIX and FAIRX.

Drawdown Indicators

	BVSIX	FAIRX	Difference
Max Drawdown Largest peak-to-trough decline	-40.73%	-51.28%	+10.55%
Max Drawdown (1Y) Largest decline over 1 year	-7.86%	-13.96%	+6.10%
Max Drawdown (3Y) Largest decline over 3 years	-15.98%	-27.95%	+11.97%
Max Drawdown (5Y) Largest decline over 5 years	-15.99%	-41.50%	+25.51%
Max Drawdown (10Y) Largest decline over 10 years	-40.73%	-41.50%	+0.77%
Current Drawdown Current decline from peak	-1.26%	-8.80%	+7.54%
Average Drawdown Average peak-to-trough decline	-8.13%	-11.59%	+3.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	5.19%	-2.83%

Volatility

BVSIX vs. FAIRX - Volatility Comparison

The current volatility for Baywood Socially Responsible Fund (BVSIX) is 3.03%, while Fairholme Fund (FAIRX) has a volatility of 4.56%. This indicates that BVSIX 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

	BVSIX	FAIRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	4.56%	-1.53%
Volatility (6M) Calculated over the trailing 6-month period	7.99%	17.67%	-9.68%
Volatility (1Y) Calculated over the trailing 1-year period	11.29%	25.11%	-13.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	26.28%	-11.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.99%	24.09%	-6.10%

BVSIX vs. FAIRX - Expense Ratio Comparison

BVSIX has a 0.89% expense ratio, which is lower than FAIRX's 1.00% expense ratio.

Dividends

BVSIX vs. FAIRX - Dividend Comparison

BVSIX's dividend yield for the trailing twelve months is around 3.53%, more than FAIRX's 0.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BVSIX Baywood Socially Responsible Fund	3.53%	3.64%	4.15%	4.02%	3.75%	4.08%	1.99%	2.44%	10.28%	2.39%	1.19%	0.00%
FAIRX Fairholme Fund	0.54%	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 BVSIX and FAIRX in my portfolio?

BVSIX and FAIRX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BVSIX or FAIRX?

FAIRX has higher volatility (4.56%) compared to BVSIX (3.03%). In terms of maximum drawdown, BVSIX dropped -40.73% vs FAIRX's -51.28%.

Which has better risk-adjusted returns?

BVSIX currently has the higher Sharpe Ratio (1.37 vs 1.34), 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.