FOCIX vs. FAIRX
FOCIX (Fairholme Focused Income Fund) and FAIRX (Fairholme Fund) are both mutual funds - FOCIX is a High Yield Bonds fund managed by Fairholme, while FAIRX is a Large Cap Value Equities fund managed by Fairholme. Over the past 10 years, FOCIX returned 7.07%/yr vs 9.07%/yr for FAIRX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. Both charge a 1.00% expense ratio.
Performance
FOCIX vs. FAIRX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FOCIX achieves a 9.97% return, which is significantly higher than FAIRX's 7.44% return. Over the past 10 years, FOCIX has underperformed FAIRX with an annualized return of 7.07%, while FAIRX has yielded a comparatively higher 9.07% annualized return.
FOCIX
- 1D
- -0.06%
- 1M
- 1.54%
- 6M
- 5.79%
- YTD
- 9.97%
- 1Y
- 12.13%
- 3Y*
- 11.68%
- 5Y*
- 10.48%
- 10Y*
- 7.07%
- ALL TIME*
- 7.38%
FAIRX
- 1D
- 2.09%
- 1M
- 3.74%
- 6M
- -1.77%
- YTD
- 7.44%
- 1Y
- 25.19%
- 3Y*
- 4.84%
- 5Y*
- 8.83%
- 10Y*
- 9.07%
- ALL TIME*
- 9.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FAIRX Fairholme Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
FOCIX vs. FAIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FOCIX Fairholme Focused Income Fund | 9.97% | 6.17% | 14.67% | 12.58% | 6.00% | 6.73% | 0.99% | 7.44% | -6.88% | -0.54% |
FAIRX Fairholme Fund | 7.44% | 29.49% | -17.44% | 46.72% | -20.49% | 6.87% | 47.76% | 32.06% | -23.18% | -5.94% |
Correlation
The correlation between FOCIX and FAIRX is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2010 | 0.52 |
Over the past year, the correlation between FOCIX and FAIRX has dropped to 0.23 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FOCIX vs. FAIRX — Risk / Return Rank
FOCIX
FAIRX
FOCIX vs. FAIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fairholme Focused Income Fund (FOCIX) and Fairholme Fund (FAIRX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FOCIX | FAIRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.21 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | 1.81 | +2.06 |
| Martin ratioReturn relative to average drawdown | 10.81 | 4.02 | +6.79 |
Loading charts...
Drawdowns
FOCIX vs. FAIRX - Drawdown Comparison
The maximum FOCIX drawdown since its inception was -18.78%, smaller than the maximum FAIRX drawdown of -51.28%. Use the drawdown chart below to compare losses from any high point for FOCIX and FAIRX.
Loading charts...
Drawdown Indicators
| FOCIX | FAIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.78% | -51.28% | +32.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -14.55% | +11.22% |
Max Drawdown (3Y)Largest decline over 3 years | -7.96% | -27.95% | +19.99% |
Max Drawdown (5Y)Largest decline over 5 years | -12.36% | -41.50% | +29.14% |
Max Drawdown (10Y)Largest decline over 10 years | -18.61% | -41.50% | +22.89% |
Current DrawdownCurrent decline from peak | -0.75% | -9.55% | +8.80% |
Average DrawdownAverage peak-to-trough decline | -4.73% | -11.59% | +6.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 6.55% | -5.36% |
Volatility
FOCIX vs. FAIRX - Volatility Comparison
The current volatility for Fairholme Focused Income Fund (FOCIX) is 3.19%, while Fairholme Fund (FAIRX) has a volatility of 4.38%. This indicates that FOCIX experiences smaller price fluctuations and is considered to be less risky than FAIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FOCIX | FAIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 4.38% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 6.34% | 17.47% | -11.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.92% | 24.59% | -16.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.60% | 26.11% | -16.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.13% | 24.12% | -14.99% |
FOCIX vs. FAIRX - Expense Ratio Comparison
Both FOCIX and FAIRX have an expense ratio of 1.00%.
Dividends
FOCIX vs. FAIRX - Dividend Comparison
FOCIX's dividend yield for the trailing twelve months is around 1.14%, more than FAIRX's 0.54% yield.
| Position | 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% |
FOCIX Fairholme Focused Income Fund | 1.14% | 1.31% | 2.46% | 2.82% | 2.24% | 1.12% | 0.65% | 2.75% | 4.57% | 9.83% | 5.16% | 5.51% |
Frequently Asked Questions
FOCIX and FAIRX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAIRX has higher volatility (4.38%) compared to FOCIX (3.19%). In terms of maximum drawdown, FOCIX dropped -18.78% vs FAIRX's -51.28%.
FOCIX currently has the higher Sharpe Ratio (1.63 vs 1.07), 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.
Find the right allocation for FOCIX and FAIRX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer