Correlation
The correlation between FOCIX and PRPFX is 0.42, 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.
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FOCIX or PRPFX.
Performance
FOCIX vs. PRPFX - Performance Comparison
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Key characteristics
FOCIX:
1.33
PRPFX:
1.69
FOCIX:
1.78
PRPFX:
2.28
FOCIX:
1.25
PRPFX:
1.32
FOCIX:
1.55
PRPFX:
2.30
FOCIX:
5.59
PRPFX:
8.02
FOCIX:
2.08%
PRPFX:
2.35%
FOCIX:
9.24%
PRPFX:
11.59%
FOCIX:
-22.33%
PRPFX:
-31.23%
FOCIX:
-1.95%
PRPFX:
-0.57%
Returns By Period
In the year-to-date period, FOCIX achieves a 2.75% return, which is significantly lower than PRPFX's 10.04% return. Over the past 10 years, FOCIX has underperformed PRPFX with an annualized return of 5.66%, while PRPFX has yielded a comparatively higher 5.97% annualized return.
FOCIX
2.75%
2.25%
-1.47%
12.17%
9.46%
10.22%
5.66%
PRPFX
10.04%
2.07%
4.34%
19.50%
12.20%
10.81%
5.97%
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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.
Risk-Adjusted Performance
FOCIX vs. PRPFX — Risk-Adjusted Performance Rank
FOCIX
PRPFX
FOCIX vs. PRPFX - Risk-Adjusted Performance 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.
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Dividends
FOCIX vs. PRPFX - Dividend Comparison
FOCIX's dividend yield for the trailing twelve months is around 2.24%, more than PRPFX's 1.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOCIX Fairholme Focused Income Fund | 2.24% | 2.46% | 2.81% | 2.25% | 1.12% | 0.65% | 2.75% | 4.57% | 9.83% | 5.16% | 5.51% | 3.77% |
PRPFX Permanent Portfolio Permanent Portfolio | 1.69% | 1.86% | 1.39% | 1.58% | 2.05% | 5.38% | 2.83% | 7.78% | 2.14% | 0.95% | 7.06% | 8.01% |
Drawdowns
FOCIX vs. PRPFX - Drawdown Comparison
The maximum FOCIX drawdown since its inception was -22.33%, smaller than the maximum PRPFX drawdown of -31.23%. Use the drawdown chart below to compare losses from any high point for FOCIX and PRPFX.
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Volatility
FOCIX vs. PRPFX - Volatility Comparison
Fairholme Focused Income Fund (FOCIX) has a higher volatility of 2.31% compared to Permanent Portfolio Permanent Portfolio (PRPFX) at 2.09%. This indicates that FOCIX's price experiences larger fluctuations and is considered to be riskier than PRPFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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