FOCIX vs. FFRHX
Compare and contrast key facts about Fairholme Focused Income Fund (FOCIX) and Fidelity Floating Rate High Income Fund (FFRHX).
FOCIX is managed by Fairholme. It was launched on Dec 31, 2009. FFRHX is managed by Fidelity. It was launched on Aug 16, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FOCIX or FFRHX.
Key characteristics
| FOCIX | FFRHX | |
|---|---|---|
| YTD Return | 8.68% | 5.83% |
| 1Y Return | 12.05% | 8.30% |
| 3Y Return (Ann) | 10.25% | 5.98% |
| 5Y Return (Ann) | 6.59% | 5.18% |
| 10Y Return (Ann) | 5.25% | 4.38% |
| Sharpe Ratio | 2.47 | 3.30 |
| Daily Std Dev | 4.91% | 2.57% |
| Max Drawdown | -18.78% | -22.20% |
| Current Drawdown | -0.30% | 0.00% |
Correlation
The correlation between FOCIX and FFRHX is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FOCIX vs. FFRHX - Performance Comparison
In the year-to-date period, FOCIX achieves a 8.68% return, which is significantly higher than FFRHX's 5.83% return. Over the past 10 years, FOCIX has outperformed FFRHX with an annualized return of 5.25%, while FFRHX has yielded a comparatively lower 4.38% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FOCIX vs. FFRHX - Expense Ratio Comparison
FOCIX has a 1.00% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
FOCIX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fairholme Focused Income Fund (FOCIX) and Fidelity Floating Rate High Income Fund (FFRHX). 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
FOCIX vs. FFRHX - Dividend Comparison
FOCIX's dividend yield for the trailing twelve months is around 3.10%, less than FFRHX's 8.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOCIX Fairholme Focused Income Fund | 3.10% | 2.81% | 2.25% | 1.12% | 0.65% | 2.75% | 4.57% | 9.83% | 5.16% | 5.51% | 3.77% | 9.84% |
FFRHX Fidelity Floating Rate High Income Fund | 8.51% | 8.23% | 5.06% | 3.26% | 3.84% | 5.15% | 4.72% | 4.05% | 3.94% | 4.25% | 4.00% | 3.46% |
Drawdowns
FOCIX vs. FFRHX - Drawdown Comparison
The maximum FOCIX drawdown since its inception was -18.78%, smaller than the maximum FFRHX drawdown of -22.20%. Use the drawdown chart below to compare losses from any high point for FOCIX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
FOCIX vs. FFRHX - Volatility Comparison
Fairholme Focused Income Fund (FOCIX) has a higher volatility of 1.43% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.63%. This indicates that FOCIX's price experiences larger fluctuations and is considered to be riskier than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.