FOCIX vs. SPY
Compare and contrast key facts about Fairholme Focused Income Fund (FOCIX) and SPDR S&P 500 ETF (SPY).
FOCIX is managed by Fairholme. It was launched on Dec 31, 2009. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FOCIX or SPY.
Key characteristics
| FOCIX | SPY | |
|---|---|---|
| YTD Return | 8.68% | 19.22% |
| 1Y Return | 12.05% | 28.25% |
| 3Y Return (Ann) | 10.25% | 9.99% |
| 5Y Return (Ann) | 6.59% | 15.19% |
| 10Y Return (Ann) | 5.25% | 12.84% |
| Sharpe Ratio | 2.47 | 2.25 |
| Daily Std Dev | 4.91% | 12.59% |
| Max Drawdown | -18.78% | -55.19% |
| Current Drawdown | -0.30% | -0.32% |
Correlation
The correlation between FOCIX and SPY is 0.41, 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. SPY - Performance Comparison
In the year-to-date period, FOCIX achieves a 8.68% return, which is significantly lower than SPY's 19.22% return. Over the past 10 years, FOCIX has underperformed SPY with an annualized return of 5.25%, while SPY has yielded a comparatively higher 12.84% 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. SPY - Expense Ratio Comparison
FOCIX has a 1.00% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FOCIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fairholme Focused Income Fund (FOCIX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
FOCIX's dividend yield for the trailing twelve months is around 3.10%, more than SPY's 0.93% 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% |
SPY SPDR S&P 500 ETF | 0.93% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FOCIX vs. SPY - Drawdown Comparison
The maximum FOCIX drawdown since its inception was -18.78%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FOCIX and SPY. For additional features, visit the drawdowns tool.
Volatility
FOCIX vs. SPY - Volatility Comparison
The current volatility for Fairholme Focused Income Fund (FOCIX) is 1.46%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.94%. This indicates that FOCIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.