FAIRX vs. JOE

Last updated Apr 3, 2026

Compare and contrast key facts about Fairholme Fund (FAIRX) and The St. Joe Company (JOE).

FAIRX is managed by Fairholme. It was launched on Dec 29, 1999.

Performance

FAIRX vs. JOE - Performance Comparison

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

FAIRX vs. JOE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAIRX Fairholme Fund	7.52%	29.49%	-17.44%	46.72%	-20.49%	6.87%	47.76%	32.06%	-23.18%	-5.94%
JOE The St. Joe Company	9.99%	33.68%	-24.64%	57.12%	-25.07%	23.45%	114.56%	50.57%	-27.04%	-5.00%

Returns By Period

In the year-to-date period, FAIRX achieves a 7.52% return, which is significantly lower than JOE's 9.99% return. Over the past 10 years, FAIRX has underperformed JOE with an annualized return of 10.79%, while JOE has yielded a comparatively higher 15.60% annualized return.

FAIRX

• 1D: 2.09%
• 1M: -9.46%
• YTD: 7.52%
• 6M: 26.40%
• 1Y: 32.35%
• 3Y*: 16.50%
• 5Y*: 7.82%
• 10Y*: 10.79%

JOE

• 1D: 1.24%
• 1M: -10.29%
• YTD: 9.99%
• 6M: 34.12%
• 1Y: 39.72%
• 3Y*: 17.95%
• 5Y*: 9.13%
• 10Y*: 15.60%

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

Return for Risk

FAIRX vs. JOE — Risk / Return Rank

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

FAIRX

FAIRX Risk / Return Rank: 67
FAIRX Sharpe Ratio Rank: 63
FAIRX Sortino Ratio Rank: 70
FAIRX Omega Ratio Rank: 53
FAIRX Calmar Ratio Rank: 83
FAIRX Martin Ratio Rank: 64

JOE

JOE Risk / Return Rank: 78
JOE Sharpe Ratio Rank: 78
JOE Sortino Ratio Rank: 75
JOE Omega Ratio Rank: 72
JOE Calmar Ratio Rank: 79
JOE Martin Ratio Rank: 83

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. JOE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fairholme Fund (FAIRX) and The St. Joe Company (JOE). 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	JOE	Difference
Sharpe ratio Return per unit of total volatility	1.30	1.26	+0.04
Sortino ratio Return per unit of downside risk	1.98	1.92	+0.05
Omega ratio Gain probability vs. loss probability	1.24	1.24	+0.01
Calmar ratio Return relative to maximum drawdown	2.35	2.45	-0.10
Martin ratio Return relative to average drawdown	7.59	7.68	-0.09
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. JOE - Sharpe Ratio Comparison

The current FAIRX Sharpe Ratio is 1.30, which is comparable to the JOE Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of FAIRX and JOE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FAIRX	JOE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	1.26	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.28	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.48	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.10	+0.37

Correlation

The correlation between FAIRX and JOE is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FAIRX vs. JOE - Dividend Comparison

FAIRX's dividend yield for the trailing twelve months is around 0.54%, less than JOE's 0.92% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
JOE The St. Joe Company	0.92%	0.98%	1.16%	0.73%	1.03%	0.61%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FAIRX vs. JOE - Drawdown Comparison

The maximum FAIRX drawdown since its inception was -51.28%, smaller than the maximum JOE drawdown of -84.33%. Use the drawdown chart below to compare losses from any high point for FAIRX and JOE.

Drawdown Indicators

	FAIRX	JOE	Difference
Max Drawdown Largest peak-to-trough decline	-51.28%	-84.33%	+33.05%
Max Drawdown (1Y) Largest decline over 1 year	-13.96%	-16.94%	+2.98%
Max Drawdown (5Y) Largest decline over 5 years	-41.50%	-48.43%	+6.93%
Max Drawdown (10Y) Largest decline over 10 years	-41.50%	-48.43%	+6.93%
Current Drawdown Current decline from peak	-9.48%	-16.84%	+7.36%
Average Drawdown Average peak-to-trough decline	-11.62%	-51.48%	+39.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.32%	5.40%	-1.08%

Volatility

FAIRX vs. JOE - Volatility Comparison

The current volatility for Fairholme Fund (FAIRX) is 8.81%, while The St. Joe Company (JOE) has a volatility of 11.02%. This indicates that FAIRX experiences smaller price fluctuations and is considered to be less risky than JOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAIRX	JOE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.81%	11.02%	-2.21%
Volatility (6M) Calculated over the trailing 6-month period	19.05%	23.06%	-4.01%
Volatility (1Y) Calculated over the trailing 1-year period	26.00%	31.82%	-5.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.46%	32.66%	-6.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.02%	32.29%	-8.27%