CIF vs. FOCIX
Compare and contrast key facts about MFS Intermediate High Income Fund (CIF) and Fairholme Focused Income Fund (FOCIX).
CIF is a passively managed fund by MFS that tracks the performance of the Barclays U.S. High-Yield Corporate 2% Issuer Capped Index. It was launched on Jul 21, 1988. FOCIX is managed by Fairholme. It was launched on Dec 31, 2009.
Performance
CIF vs. FOCIX - Performance Comparison
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CIF vs. FOCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CIF MFS Intermediate High Income Fund | -2.21% | 8.97% | 11.42% | 11.85% | -32.24% | 17.80% | 0.27% | 43.26% | -19.93% | 25.66% |
FOCIX Fairholme Focused Income Fund | 6.93% | 6.17% | 14.67% | 12.58% | 6.00% | 6.73% | 0.99% | 7.44% | -6.88% | -0.54% |
Returns By Period
In the year-to-date period, CIF achieves a -2.21% return, which is significantly lower than FOCIX's 6.93% return. Over the past 10 years, CIF has underperformed FOCIX with an annualized return of 6.17%, while FOCIX has yielded a comparatively higher 8.24% annualized return.
CIF
- 1D
- 2.85%
- 1M
- -3.86%
- YTD
- -2.21%
- 6M
- -3.39%
- 1Y
- 5.09%
- 3Y*
- 9.56%
- 5Y*
- 0.78%
- 10Y*
- 6.17%
FOCIX
- 1D
- 0.19%
- 1M
- 1.18%
- YTD
- 6.93%
- 6M
- 6.35%
- 1Y
- 9.02%
- 3Y*
- 11.77%
- 5Y*
- 10.04%
- 10Y*
- 8.24%
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CIF vs. FOCIX - Expense Ratio Comparison
CIF has a 1.50% expense ratio, which is higher than FOCIX's 1.00% expense ratio.
Return for Risk
CIF vs. FOCIX — Risk / Return Rank
CIF
FOCIX
CIF vs. FOCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Intermediate High Income Fund (CIF) 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.
| CIF | FOCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.38 | 0.98 | -0.60 |
Sortino ratioReturn per unit of downside risk | 0.60 | 1.38 | -0.78 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.19 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.51 | 1.18 | -0.67 |
Martin ratioReturn relative to average drawdown | 1.92 | 4.79 | -2.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CIF | FOCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | 0.98 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 1.04 | -0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.90 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.80 | -0.64 |
Correlation
The correlation between CIF and FOCIX is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CIF vs. FOCIX - Dividend Comparison
CIF's dividend yield for the trailing twelve months is around 10.96%, more than FOCIX's 1.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIF MFS Intermediate High Income Fund | 10.96% | 10.46% | 10.23% | 10.02% | 11.22% | 8.40% | 9.01% | 8.63% | 11.71% | 9.16% | 9.91% | 10.05% |
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% |
Drawdowns
CIF vs. FOCIX - Drawdown Comparison
The maximum CIF drawdown since its inception was -69.23%, which is greater than FOCIX's maximum drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for CIF and FOCIX.
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Drawdown Indicators
| CIF | FOCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.23% | -18.78% | -50.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | -7.45% | -2.23% |
Max Drawdown (5Y)Largest decline over 5 years | -44.92% | -12.36% | -32.56% |
Max Drawdown (10Y)Largest decline over 10 years | -45.24% | -18.61% | -26.63% |
Current DrawdownCurrent decline from peak | -23.30% | -0.58% | -22.72% |
Average DrawdownAverage peak-to-trough decline | -17.80% | -4.81% | -12.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 1.84% | +0.81% |
Volatility
CIF vs. FOCIX - Volatility Comparison
MFS Intermediate High Income Fund (CIF) has a higher volatility of 5.35% compared to Fairholme Focused Income Fund (FOCIX) at 2.49%. This indicates that CIF's price experiences larger fluctuations and is considered to be riskier than FOCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIF | FOCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 2.49% | +2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 7.87% | 5.63% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 9.26% | +4.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 9.73% | +7.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.43% | 9.18% | +10.25% |