FOCIX vs. FAIRX
Compare and contrast key facts about Fairholme Focused Income Fund (FOCIX) and Fairholme Fund (FAIRX).
FOCIX is managed by Fairholme. It was launched on Dec 31, 2009. FAIRX is managed by Fairholme. It was launched on Dec 29, 1999.
Performance
FOCIX vs. FAIRX - Performance Comparison
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FOCIX vs. FAIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FOCIX Fairholme Focused Income Fund | 6.09% | 6.17% | 14.67% | 12.58% | 6.00% | 6.73% | 0.99% | 7.44% | -6.88% | -0.54% |
FAIRX Fairholme Fund | 5.32% | 29.49% | -17.44% | 46.72% | -20.49% | 6.87% | 47.76% | 32.06% | -23.18% | -5.94% |
Returns By Period
In the year-to-date period, FOCIX achieves a 6.09% return, which is significantly higher than FAIRX's 5.32% return. Over the past 10 years, FOCIX has underperformed FAIRX with an annualized return of 8.16%, while FAIRX has yielded a comparatively higher 10.56% annualized return.
FOCIX
- 1D
- -0.78%
- 1M
- -0.78%
- YTD
- 6.09%
- 6M
- 5.89%
- 1Y
- 8.09%
- 3Y*
- 11.48%
- 5Y*
- 9.76%
- 10Y*
- 8.16%
FAIRX
- 1D
- 0.07%
- 1M
- -11.33%
- YTD
- 5.32%
- 6M
- 22.68%
- 1Y
- 30.82%
- 3Y*
- 15.70%
- 5Y*
- 7.38%
- 10Y*
- 10.56%
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FOCIX vs. FAIRX - Expense Ratio Comparison
Both FOCIX and FAIRX have an expense ratio of 1.00%.
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.
| FOCIX | FAIRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 1.16 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.81 | -0.56 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.22 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.10 | 2.25 | -1.15 |
Martin ratioReturn relative to average drawdown | 4.45 | 7.34 | -2.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FOCIX | FAIRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 1.16 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.28 | +0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.44 | +0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.46 | +0.33 |
Correlation
The correlation between FOCIX and FAIRX is 0.53, 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
FOCIX vs. FAIRX - Dividend Comparison
FOCIX's dividend yield for the trailing twelve months is around 1.24%, more than FAIRX's 0.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOCIX Fairholme Focused Income Fund | 1.24% | 1.31% | 2.46% | 2.82% | 2.24% | 1.12% | 0.65% | 2.75% | 4.57% | 9.83% | 5.16% | 5.51% |
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% |
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.
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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 | -7.32% | -13.96% | +6.64% |
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 | -1.35% | -11.33% | +9.98% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -11.62% | +6.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 4.28% | -2.44% |
Volatility
FOCIX vs. FAIRX - Volatility Comparison
The current volatility for Fairholme Focused Income Fund (FOCIX) is 2.33%, while Fairholme Fund (FAIRX) has a volatility of 8.41%. 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.
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Volatility by Period
| FOCIX | FAIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 8.41% | -6.08% |
Volatility (6M)Calculated over the trailing 6-month period | 5.68% | 18.96% | -13.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.27% | 25.94% | -16.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.74% | 26.46% | -16.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.18% | 24.02% | -14.84% |