FAIRX vs. SPY
Compare and contrast key facts about Fairholme Fund (FAIRX) and SPDR S&P 500 ETF (SPY).
FAIRX is managed by Fairholme. It was launched on Dec 29, 1999. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAIRX or SPY.
Correlation
The correlation between FAIRX and SPY 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.
Performance
FAIRX vs. SPY - Performance Comparison
Key characteristics
FAIRX:
-0.28
SPY:
1.87
FAIRX:
-0.26
SPY:
2.52
FAIRX:
0.97
SPY:
1.35
FAIRX:
-0.22
SPY:
2.81
FAIRX:
-0.52
SPY:
11.69
FAIRX:
11.11%
SPY:
2.02%
FAIRX:
20.81%
SPY:
12.65%
FAIRX:
-63.71%
SPY:
-55.19%
FAIRX:
-20.97%
SPY:
0.00%
Returns By Period
In the year-to-date period, FAIRX achieves a 5.13% return, which is significantly higher than SPY's 4.58% return. Over the past 10 years, FAIRX has underperformed SPY with an annualized return of -0.17%, while SPY has yielded a comparatively higher 13.23% annualized return.
FAIRX
5.13%
-0.70%
-13.26%
-7.50%
9.19%
-0.17%
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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FAIRX vs. SPY - Expense Ratio Comparison
FAIRX has a 1.00% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FAIRX vs. SPY — Risk-Adjusted Performance Rank
FAIRX
SPY
FAIRX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fairholme Fund (FAIRX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
FAIRX vs. SPY - Dividend Comparison
FAIRX's dividend yield for the trailing twelve months is around 0.68%, less than SPY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAIRX Fairholme Fund | 0.68% | 0.71% | 0.41% | 0.00% | 0.00% | 0.00% | 0.83% | 2.23% | 1.29% | 1.87% | 3.24% | 0.00% |
SPY SPDR S&P 500 ETF | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FAIRX vs. SPY - Drawdown Comparison
The maximum FAIRX drawdown since its inception was -63.71%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FAIRX and SPY. For additional features, visit the drawdowns tool.
Volatility
FAIRX vs. SPY - Volatility Comparison
Fairholme Fund (FAIRX) has a higher volatility of 4.28% compared to SPDR S&P 500 ETF (SPY) at 2.89%. This indicates that FAIRX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.