FOCIX vs. FMSDX
Compare and contrast key facts about Fairholme Focused Income Fund (FOCIX) and Fidelity Multi-Asset Income Fund (FMSDX).
FOCIX is managed by Fairholme. It was launched on Dec 31, 2009. FMSDX is managed by Fidelity. It was launched on Sep 9, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FOCIX or FMSDX.
Key characteristics
| FOCIX | FMSDX | |
|---|---|---|
| YTD Return | 8.77% | 9.07% |
| 1Y Return | 12.22% | 14.45% |
| 3Y Return (Ann) | 10.26% | 3.13% |
| 5Y Return (Ann) | 6.61% | 8.99% |
| Sharpe Ratio | 2.47 | 2.26 |
| Daily Std Dev | 4.91% | 7.05% |
| Max Drawdown | -18.78% | -21.64% |
| Current Drawdown | -0.23% | -0.21% |
Correlation
The correlation between FOCIX and FMSDX is 0.52, 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
FOCIX vs. FMSDX - Performance Comparison
The year-to-date returns for both investments are quite close, with FOCIX having a 8.77% return and FMSDX slightly higher at 9.07%. 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. FMSDX - Expense Ratio Comparison
FOCIX has a 1.00% expense ratio, which is higher than FMSDX's 0.78% expense ratio.
Risk-Adjusted Performance
FOCIX vs. FMSDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fairholme Focused Income Fund (FOCIX) and Fidelity Multi-Asset Income Fund (FMSDX). 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. FMSDX - Dividend Comparison
FOCIX's dividend yield for the trailing twelve months is around 3.10%, less than FMSDX's 3.73% 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% |
FMSDX Fidelity Multi-Asset Income Fund | 3.73% | 4.23% | 4.71% | 3.22% | 3.40% | 2.82% | 3.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FOCIX vs. FMSDX - Drawdown Comparison
The maximum FOCIX drawdown since its inception was -18.78%, smaller than the maximum FMSDX drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for FOCIX and FMSDX. For additional features, visit the drawdowns tool.
Volatility
FOCIX vs. FMSDX - Volatility Comparison
The current volatility for Fairholme Focused Income Fund (FOCIX) is 1.34%, while Fidelity Multi-Asset Income Fund (FMSDX) has a volatility of 1.68%. This indicates that FOCIX experiences smaller price fluctuations and is considered to be less risky than FMSDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.