FAIRX vs. ^SP500TR
Compare and contrast key facts about Fairholme Fund (FAIRX) and S&P 500 Total Return (^SP500TR).
FAIRX is managed by Fairholme. It was launched on Dec 29, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAIRX or ^SP500TR.
Correlation
The correlation between FAIRX and ^SP500TR 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. ^SP500TR - Performance Comparison
Key characteristics
FAIRX:
-0.20
^SP500TR:
1.97
FAIRX:
-0.14
^SP500TR:
2.64
FAIRX:
0.98
^SP500TR:
1.36
FAIRX:
-0.15
^SP500TR:
2.98
FAIRX:
-0.37
^SP500TR:
12.34
FAIRX:
10.93%
^SP500TR:
2.04%
FAIRX:
20.87%
^SP500TR:
12.79%
FAIRX:
-63.71%
^SP500TR:
-55.25%
FAIRX:
-20.46%
^SP500TR:
0.00%
Returns By Period
In the year-to-date period, FAIRX achieves a 5.80% return, which is significantly higher than ^SP500TR's 4.11% return. Over the past 10 years, FAIRX has underperformed ^SP500TR with an annualized return of -0.25%, while ^SP500TR has yielded a comparatively higher 13.33% annualized return.
FAIRX
5.80%
0.26%
-12.22%
-6.53%
8.91%
-0.25%
^SP500TR
4.11%
2.87%
10.80%
23.21%
14.40%
13.33%
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Risk-Adjusted Performance
FAIRX vs. ^SP500TR — Risk-Adjusted Performance Rank
FAIRX
^SP500TR
FAIRX vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fairholme Fund (FAIRX) and S&P 500 Total Return (^SP500TR). 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.
Drawdowns
FAIRX vs. ^SP500TR - Drawdown Comparison
The maximum FAIRX drawdown since its inception was -63.71%, which is greater than ^SP500TR's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for FAIRX and ^SP500TR. For additional features, visit the drawdowns tool.
Volatility
FAIRX vs. ^SP500TR - Volatility Comparison
Fairholme Fund (FAIRX) has a higher volatility of 4.37% compared to S&P 500 Total Return (^SP500TR) at 3.21%. This indicates that FAIRX's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.