FAIRX vs. FEKFX

Last updated Jun 4, 2026

FAIRX (Fairholme Fund) and FEKFX (Fidelity Equity-Income K6 Fund) are both Large Cap Value Equities funds. Over the past 5 years, FAIRX returned 6.38%/yr vs 10.86%/yr for FEKFX. A 0.61 correlation means they provide meaningful diversification when combined. FAIRX charges 1.00%/yr vs 0.34%/yr for FEKFX.

Performance

FAIRX vs. FEKFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fairholme Fund (FAIRX) and Fidelity Equity-Income K6 Fund (FEKFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FAIRX achieves a 6.26% return, which is significantly lower than FEKFX's 8.72% return.

FAIRX

• 1D: 1.15%
• 1M: -1.98%
• YTD: 6.26%
• 6M: 3.66%
• 1Y: 35.27%
• 3Y*: 12.79%
• 5Y*: 6.38%
• 10Y*: 9.36%

FEKFX

• 1D: 0.51%
• 1M: 0.98%
• YTD: 8.72%
• 6M: 9.91%
• 1Y: 22.28%
• 3Y*: 17.96%
• 5Y*: 10.86%
• 10Y*: —

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

FAIRX vs. FEKFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FAIRX Fairholme Fund	6.26%	29.49%	-17.44%	46.72%	-20.49%	6.87%	47.76%	6.24%
FEKFX Fidelity Equity-Income K6 Fund	8.72%	19.03%	15.56%	10.81%	-4.77%	24.77%	6.83%	11.36%

Correlation

The correlation between FAIRX and FEKFX 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	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019	0.61

The correlation between FAIRX and FEKFX shifts across timeframes, from 0.44 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FAIRX vs. FEKFX — Risk / Return Rank

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

FAIRX

FAIRX Risk / Return Rank: 32
FAIRX Sharpe Ratio Rank: 25
FAIRX Sortino Ratio Rank: 27
FAIRX Omega Ratio Rank: 27
FAIRX Calmar Ratio Rank: 46
FAIRX Martin Ratio Rank: 33

FEKFX

FEKFX Risk / Return Rank: 71
FEKFX Sharpe Ratio Rank: 69
FEKFX Sortino Ratio Rank: 71
FEKFX Omega Ratio Rank: 63
FEKFX Calmar Ratio Rank: 79
FEKFX Martin Ratio Rank: 76

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.

FAIRX vs. FEKFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fairholme Fund (FAIRX) and Fidelity Equity-Income K6 Fund (FEKFX). 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.

	FAIRX	FEKFX	Difference
Sharpe ratio: Return per unit of total volatility	1.44	2.43	-0.99
Sortino ratio: Return per unit of downside risk	2.17	3.49	-1.32
Omega ratio: Gain probability vs. loss probability	1.27	1.44	-0.17
Calmar ratio: Return relative to maximum drawdown	2.58	3.57	-0.98
Martin ratio: Return relative to average drawdown	7.54	14.33	-6.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FAIRX vs. FEKFX - Sharpe Ratio Comparison

The current FAIRX Sharpe Ratio is 1.44, which is lower than the FEKFX Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of FAIRX and FEKFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FAIRX	FEKFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	2.43	-0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.82	-0.58
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.77	-0.31

Drawdowns

FAIRX vs. FEKFX - Drawdown Comparison

The maximum FAIRX drawdown since its inception was -51.28%, which is greater than FEKFX's maximum drawdown of -33.16%. Use the drawdown chart below to compare losses from any high point for FAIRX and FEKFX.

Drawdown Indicators

	FAIRX	FEKFX	Difference
Max Drawdown Largest peak-to-trough decline	-51.28%	-33.16%	-18.12%
Max Drawdown (1Y) Largest decline over 1 year	-13.96%	-6.47%	-7.49%
Max Drawdown (3Y) Largest decline over 3 years	-27.95%	-13.02%	-14.93%
Max Drawdown (5Y) Largest decline over 5 years	-41.50%	-17.03%	-24.47%
Max Drawdown (10Y) Largest decline over 10 years	-41.50%	—	—
Current Drawdown Current decline from peak	-10.54%	-0.56%	-9.98%
Average Drawdown Average peak-to-trough decline	-11.59%	-3.71%	-7.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.77%	1.60%	+3.17%

Volatility

FAIRX vs. FEKFX - Volatility Comparison

Fairholme Fund (FAIRX) has a higher volatility of 6.18% compared to Fidelity Equity-Income K6 Fund (FEKFX) at 2.38%. This indicates that FAIRX's price experiences larger fluctuations and is considered to be riskier than FEKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAIRX	FEKFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.18%	2.38%	+3.80%
Volatility (6M) Calculated over the trailing 6-month period	17.71%	7.21%	+10.50%
Volatility (1Y) Calculated over the trailing 1-year period	25.04%	9.51%	+15.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.34%	13.35%	+12.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.06%	17.01%	+7.05%

FAIRX vs. FEKFX - Expense Ratio Comparison

FAIRX has a 1.00% expense ratio, which is higher than FEKFX's 0.34% expense ratio.

Dividends

FAIRX vs. FEKFX - Dividend Comparison

FAIRX's dividend yield for the trailing twelve months is around 0.55%, less than FEKFX's 2.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAIRX Fairholme Fund	0.55%	0.58%	0.71%	0.41%	0.00%	0.00%	0.57%	0.83%	2.23%	1.29%	7.29%	69.79%
FEKFX Fidelity Equity-Income K6 Fund	2.87%	2.79%	3.26%	1.96%	1.94%	3.65%	1.84%	0.75%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FAIRX and FEKFX in my portfolio?

FAIRX and FEKFX 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, FAIRX or FEKFX?

FAIRX has higher volatility (6.18%) compared to FEKFX (2.38%). In terms of maximum drawdown, FAIRX dropped -51.28% vs FEKFX's -33.16%.

Which has better risk-adjusted returns?

FEKFX currently has the higher Sharpe Ratio (2.43 vs 1.44), 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.