FOCIX vs. HWHIX
Compare and contrast key facts about Fairholme Focused Income Fund (FOCIX) and Hotchkis & Wiley High Yield Fund (HWHIX).
FOCIX is managed by Fairholme. It was launched on Dec 31, 2009. HWHIX is managed by Hotchkis & Wiley. It was launched on Mar 31, 2009.
Performance
FOCIX vs. HWHIX - Performance Comparison
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FOCIX vs. HWHIX - 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% |
HWHIX Hotchkis & Wiley High Yield Fund | -1.46% | 7.28% | 7.23% | 12.00% | -11.08% | 6.25% | 3.85% | 9.61% | -3.37% | 6.62% |
Returns By Period
In the year-to-date period, FOCIX achieves a 6.09% return, which is significantly higher than HWHIX's -1.46% return. Over the past 10 years, FOCIX has outperformed HWHIX with an annualized return of 8.16%, while HWHIX has yielded a comparatively lower 4.32% 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%
HWHIX
- 1D
- 0.39%
- 1M
- -1.98%
- YTD
- -1.46%
- 6M
- -0.60%
- 1Y
- 5.01%
- 3Y*
- 6.88%
- 5Y*
- 3.33%
- 10Y*
- 4.32%
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FOCIX vs. HWHIX - Expense Ratio Comparison
FOCIX has a 1.00% expense ratio, which is higher than HWHIX's 0.70% expense ratio.
Return for Risk
FOCIX vs. HWHIX — Risk / Return Rank
FOCIX
HWHIX
FOCIX vs. HWHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fairholme Focused Income Fund (FOCIX) and Hotchkis & Wiley High Yield Fund (HWHIX). 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 | HWHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 1.35 | -0.47 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.91 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.29 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.77 | -0.68 |
Martin ratioReturn relative to average drawdown | 4.45 | 7.04 | -2.60 |
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 | HWHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 1.35 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.72 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.85 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.76 | +0.03 |
Correlation
The correlation between FOCIX and HWHIX is 0.35, 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.
Dividends
FOCIX vs. HWHIX - Dividend Comparison
FOCIX's dividend yield for the trailing twelve months is around 1.24%, less than HWHIX's 5.87% 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% |
HWHIX Hotchkis & Wiley High Yield Fund | 5.87% | 6.24% | 6.27% | 4.77% | 4.03% | 4.02% | 5.47% | 5.92% | 6.24% | 4.42% | 0.00% | 0.86% |
Drawdowns
FOCIX vs. HWHIX - Drawdown Comparison
The maximum FOCIX drawdown since its inception was -18.78%, smaller than the maximum HWHIX drawdown of -23.03%. Use the drawdown chart below to compare losses from any high point for FOCIX and HWHIX.
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Drawdown Indicators
| FOCIX | HWHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.78% | -23.03% | +4.25% |
Max Drawdown (1Y)Largest decline over 1 year | -7.32% | -3.14% | -4.18% |
Max Drawdown (5Y)Largest decline over 5 years | -12.36% | -15.02% | +2.66% |
Max Drawdown (10Y)Largest decline over 10 years | -18.61% | -23.03% | +4.42% |
Current DrawdownCurrent decline from peak | -1.35% | -2.07% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -3.84% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 0.79% | +1.05% |
Volatility
FOCIX vs. HWHIX - Volatility Comparison
Fairholme Focused Income Fund (FOCIX) has a higher volatility of 2.33% compared to Hotchkis & Wiley High Yield Fund (HWHIX) at 1.51%. This indicates that FOCIX's price experiences larger fluctuations and is considered to be riskier than HWHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FOCIX | HWHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 1.51% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 5.68% | 2.42% | +3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.27% | 3.87% | +5.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.74% | 4.64% | +5.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.18% | 5.10% | +4.08% |