FPURX vs. FOCIX

Last updated Aug 1, 2026

FPURX (Fidelity Puritan Fund) and FOCIX (Fairholme Focused Income Fund) are both mutual funds - FPURX is a Diversified Portfolio fund actively managed by Fidelity, while FOCIX is a High Yield Bonds fund managed by Fairholme. Over the past 10 years, FPURX returned 10.95%/yr vs 7.03%/yr for FOCIX. Their 0.37 correlation means their historical movements had little consistent relationship. FPURX charges 0.50%/yr vs 1.00%/yr for FOCIX.

Performance

FPURX vs. FOCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Puritan Fund (FPURX) and Fairholme Focused Income Fund (FOCIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FPURX achieves a 7.22% return, which is significantly lower than FOCIX's 9.48% return. Over the past 10 years, FPURX has outperformed FOCIX with an annualized return of 10.95%, while FOCIX has yielded a comparatively lower 7.03% annualized return.

FPURX

• 1D: 1.35%
• 1M: -2.24%
• 6M: 5.09%
• YTD: 7.22%
• 1Y: 15.02%
• 3Y*: 14.36%
• 5Y*: 8.51%
• 10Y*: 10.95%
• ALL TIME*: 9.14%

FOCIX

• 1D: -1.19%
• 1M: 1.09%
• 6M: 7.04%
• YTD: 9.48%
• 1Y: 12.35%
• 3Y*: 11.54%
• 5Y*: 10.19%
• 10Y*: 7.03%
• ALL TIME*: 7.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FOCIX Fairholme Focused Income Fund	$0.00	$0.00	$0.00
FPURX Fidelity Puritan Fund	$0.00	$0.00	$0.00

FPURX vs. FOCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FPURX Fidelity Puritan Fund	7.22%	12.22%	18.94%	20.20%	-17.35%	18.92%	20.58%	21.27%	-4.18%	18.28%
FOCIX Fairholme Focused Income Fund	9.48%	6.17%	14.67%	12.58%	6.00%	6.73%	0.99%	7.44%	-6.88%	-0.54%

Correlation

The correlation between FPURX and FOCIX is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.05
Correlation (3Y) Balances recent behavior with more history.	0.23
Correlation (5Y) Shows whether the relationship held over a longer period.	0.45
Correlation (10Y) Provides a long-term view across more market conditions.	0.38
Correlation (All Time) Calculated using the full available price history since Jan 5, 2010	0.37

The correlation between FPURX and FOCIX shifts across timeframes, from -0.05 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FPURX vs. FOCIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FPURX

FPURX Risk / Return Rank: 52
FPURX Sharpe Ratio Rank: 48
FPURX Sortino Ratio Rank: 46
FPURX Omega Ratio Rank: 46
FPURX Calmar Ratio Rank: 60
FPURX Martin Ratio Rank: 61

FOCIX

FOCIX Risk / Return Rank: 73
FOCIX Sharpe Ratio Rank: 63
FOCIX Sortino Ratio Rank: 68
FOCIX Omega Ratio Rank: 61
FOCIX Calmar Ratio Rank: 91
FOCIX Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FPURX vs. FOCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Puritan Fund (FPURX) and Fairholme Focused Income Fund (FOCIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FPURX	FOCIX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	1.48	-0.21
Sortino ratio: Return per unit of downside risk	1.79	2.26	-0.47
Omega ratio: Gain probability vs. loss probability	1.23	1.27	-0.04
Calmar ratio: Return relative to maximum drawdown	1.97	3.51	-1.54
Martin ratio: Return relative to average drawdown	7.58	9.80	-2.23

FPURX vs. FOCIX - Sharpe Ratio Comparison

The current FPURX Sharpe Ratio is 1.27, which is comparable to the FOCIX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of FPURX and FOCIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FPURX vs. FOCIX - Drawdown Comparison

The maximum FPURX drawdown since its inception was -31.76%, which is greater than FOCIX's maximum drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for FPURX and FOCIX.

Drawdown Indicators

	FPURX	FOCIX	Difference
Max Drawdown Largest peak-to-trough decline	-31.76%	-18.78%	-12.98%
Max Drawdown (1Y) Largest decline over 1 year	-7.24%	-3.33%	-3.91%
Max Drawdown (3Y) Largest decline over 3 years	-16.51%	-7.96%	-8.55%
Max Drawdown (5Y) Largest decline over 5 years	-22.53%	-12.36%	-10.17%
Max Drawdown (10Y) Largest decline over 10 years	-23.93%	-18.61%	-5.32%
Current Drawdown Current decline from peak	-4.03%	-1.19%	-2.84%
Average Drawdown Average peak-to-trough decline	-4.64%	-4.73%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	1.19%	+0.69%

Volatility

FPURX vs. FOCIX - Volatility Comparison

Fidelity Puritan Fund (FPURX) has a higher volatility of 3.41% compared to Fairholme Focused Income Fund (FOCIX) at 3.17%. This indicates that FPURX's price experiences larger fluctuations and is considered to be riskier than FOCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FPURX	FOCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	3.17%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	9.33%	6.37%	+2.96%
Volatility (1Y) Calculated over the trailing 1-year period	11.24%	7.91%	+3.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.47%	9.60%	+3.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.18%	9.13%	+4.05%

FPURX vs. FOCIX - Expense Ratio Comparison

FPURX has a 0.50% expense ratio, which is lower than FOCIX's 1.00% expense ratio.

Dividends

FPURX vs. FOCIX - Dividend Comparison

FPURX's dividend yield for the trailing twelve months is around 6.43%, more than FOCIX's 1.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOCIX Fairholme Focused Income Fund	1.15%	1.31%	2.46%	2.82%	2.24%	1.12%	0.65%	2.75%	4.57%	9.83%	5.16%	5.51%
FPURX Fidelity Puritan Fund	6.43%	6.83%	11.30%	5.34%	9.38%	13.10%	5.10%	4.29%	15.26%	3.78%	3.71%	7.49%

Frequently Asked Questions

Can I hold both FPURX and FOCIX in my portfolio?

FPURX and FOCIX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FPURX or FOCIX?

FPURX has higher volatility (3.41%) compared to FOCIX (3.17%). In terms of maximum drawdown, FPURX dropped -31.76% vs FOCIX's -18.78%.

Which has better risk-adjusted returns?

FOCIX currently has the higher Sharpe Ratio (1.48 vs 1.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.