FOCIX vs. PRPFX
Compare and contrast key facts about Fairholme Focused Income Fund (FOCIX) and Permanent Portfolio Permanent Portfolio (PRPFX).
FOCIX is managed by Fairholme. It was launched on Dec 31, 2009. PRPFX is managed by Permanent Portfolio. It was launched on Nov 30, 1982.
Performance
FOCIX vs. PRPFX - Performance Comparison
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FOCIX vs. PRPFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FOCIX Fairholme Focused Income Fund | 6.93% | 6.17% | 14.67% | 12.58% | 6.00% | 6.73% | 0.99% | 7.44% | -6.88% | -0.54% |
PRPFX Permanent Portfolio Permanent Portfolio | 2.72% | 28.78% | 19.36% | 11.96% | -5.48% | 10.87% | 18.80% | 19.20% | -7.02% | 11.42% |
Returns By Period
In the year-to-date period, FOCIX achieves a 6.93% return, which is significantly higher than PRPFX's 2.72% return. Over the past 10 years, FOCIX has underperformed PRPFX with an annualized return of 8.24%, while PRPFX has yielded a comparatively higher 10.84% annualized return.
FOCIX
- 1D
- 0.19%
- 1M
- 1.18%
- YTD
- 6.93%
- 6M
- 6.35%
- 1Y
- 9.02%
- 3Y*
- 11.77%
- 5Y*
- 10.04%
- 10Y*
- 8.24%
PRPFX
- 1D
- -0.31%
- 1M
- -7.34%
- YTD
- 2.72%
- 6M
- 8.96%
- 1Y
- 25.00%
- 3Y*
- 19.97%
- 5Y*
- 12.20%
- 10Y*
- 10.84%
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FOCIX vs. PRPFX - Expense Ratio Comparison
FOCIX has a 1.00% expense ratio, which is higher than PRPFX's 0.81% expense ratio.
Return for Risk
FOCIX vs. PRPFX — Risk / Return Rank
FOCIX
PRPFX
FOCIX vs. PRPFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fairholme Focused Income Fund (FOCIX) and Permanent Portfolio Permanent Portfolio (PRPFX). 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 | PRPFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.86 | -0.88 |
Sortino ratioReturn per unit of downside risk | 1.38 | 2.31 | -0.93 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.40 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.18 | 3.07 | -1.89 |
Martin ratioReturn relative to average drawdown | 4.79 | 11.17 | -6.38 |
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 | PRPFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.86 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 1.11 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 1.03 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.80 | 0.00 |
Correlation
The correlation between FOCIX and PRPFX is 0.40, 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. PRPFX - Dividend Comparison
FOCIX's dividend yield for the trailing twelve months is around 1.23%, less than PRPFX's 3.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOCIX Fairholme Focused Income Fund | 1.23% | 1.31% | 2.46% | 2.82% | 2.24% | 1.12% | 0.65% | 2.75% | 4.57% | 9.83% | 5.16% | 5.51% |
PRPFX Permanent Portfolio Permanent Portfolio | 3.18% | 3.27% | 1.86% | 1.39% | 1.58% | 2.05% | 5.38% | 4.69% | 6.90% | 2.14% | 0.95% | 7.06% |
Drawdowns
FOCIX vs. PRPFX - Drawdown Comparison
The maximum FOCIX drawdown since its inception was -18.78%, smaller than the maximum PRPFX drawdown of -27.16%. Use the drawdown chart below to compare losses from any high point for FOCIX and PRPFX.
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Drawdown Indicators
| FOCIX | PRPFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.78% | -27.16% | +8.38% |
Max Drawdown (1Y)Largest decline over 1 year | -7.45% | -8.10% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -12.36% | -15.49% | +3.13% |
Max Drawdown (10Y)Largest decline over 10 years | -18.61% | -20.84% | +2.23% |
Current DrawdownCurrent decline from peak | -0.58% | -8.10% | +7.52% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -3.52% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 2.22% | -0.38% |
Volatility
FOCIX vs. PRPFX - Volatility Comparison
The current volatility for Fairholme Focused Income Fund (FOCIX) is 2.49%, while Permanent Portfolio Permanent Portfolio (PRPFX) has a volatility of 3.59%. This indicates that FOCIX experiences smaller price fluctuations and is considered to be less risky than PRPFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FOCIX | PRPFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 3.59% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 5.63% | 11.32% | -5.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 13.77% | -4.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.73% | 11.04% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.18% | 10.57% | -1.39% |