FRFHF vs. IBHG
FRFHF (Fairfax Financial Holdings Ltd) is a stock, while IBHG (iShares iBonds 2027 Term High Yield and Income ETF) is High Yield Bonds fund tracking the Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross. Over the past 5 years, FRFHF returned 32.97%/yr vs 3.68%/yr for IBHG. At a 0.32 correlation, their price movements are largely independent.
Performance
FRFHF vs. IBHG - Performance Comparison
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Returns By Period
In the year-to-date period, FRFHF achieves a -12.48% return, which is significantly lower than IBHG's 1.60% return.
FRFHF
- 1D
- 0.02%
- 1M
- 1.93%
- 6M
- -9.87%
- YTD
- -12.48%
- 1Y
- -6.35%
- 3Y*
- 33.41%
- 5Y*
- 32.97%
- 10Y*
- 14.16%
IBHG
- 1D
- 0.14%
- 1M
- 0.47%
- 6M
- 1.47%
- YTD
- 1.60%
- 1Y
- 4.44%
- 3Y*
- 7.12%
- 5Y*
- 3.68%
- 10Y*
- —
FRFHF vs. IBHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FRFHF Fairfax Financial Holdings Ltd | -12.48% | 38.79% | 53.39% | 57.56% | 23.17% | 12.64% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 1.60% | 6.90% | 7.42% | 11.27% | -8.88% | 0.93% |
Correlation
The correlation between FRFHF and IBHG is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2021 | 0.32 |
Over the past year, the correlation between FRFHF and IBHG has dropped to 0.10 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
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Return for Risk
FRFHF vs. IBHG — Risk / Return Rank
FRFHF
IBHG
FRFHF vs. IBHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fairfax Financial Holdings Ltd (FRFHF) and iShares iBonds 2027 Term High Yield and Income ETF (IBHG). 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.
| FRFHF | IBHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.52 | ||
| Sortino ratioReturn per unit of downside risk | -3.71 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.42 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 6.14 | -6.47 |
| Martin ratioReturn relative to average drawdown | -0.66 | 22.50 | -23.17 |
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Drawdowns
FRFHF vs. IBHG - Drawdown Comparison
The maximum FRFHF drawdown since its inception was -58.92%, which is greater than IBHG's maximum drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for FRFHF and IBHG.
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Drawdown Indicators
| FRFHF | IBHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.92% | -13.85% | -45.07% |
Max Drawdown (1Y)Largest decline over 1 year | -19.55% | -0.73% | -18.82% |
Max Drawdown (3Y)Largest decline over 3 years | -19.55% | -3.39% | -16.16% |
Max Drawdown (5Y)Largest decline over 5 years | -20.88% | -13.85% | -7.03% |
Max Drawdown (10Y)Largest decline over 10 years | -58.92% | — | — |
Current DrawdownCurrent decline from peak | -12.87% | 0.00% | -12.87% |
Average DrawdownAverage peak-to-trough decline | -12.48% | -2.61% | -9.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.63% | 0.20% | +9.43% |
Volatility
FRFHF vs. IBHG - Volatility Comparison
Fairfax Financial Holdings Ltd (FRFHF) has a higher volatility of 4.78% compared to iShares iBonds 2027 Term High Yield and Income ETF (IBHG) at 0.40%. This indicates that FRFHF's price experiences larger fluctuations and is considered to be riskier than IBHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRFHF | IBHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 0.40% | +4.38% |
Volatility (6M)Calculated over the trailing 6-month period | 16.80% | 1.51% | +15.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.58% | 2.01% | +19.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.58% | 6.31% | +19.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.11% | 6.30% | +20.81% |
Dividends
FRFHF vs. IBHG - Dividend Comparison
FRFHF's dividend yield for the trailing twelve months is around 0.91%, less than IBHG's 6.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRFHF Fairfax Financial Holdings Ltd | 0.91% | 0.79% | 1.08% | 1.09% | 1.68% | 2.03% | 2.93% | 2.13% | 2.27% | 1.89% | 2.09% | 2.12% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 6.03% | 6.33% | 7.02% | 6.66% | 5.62% | 2.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FRFHF and IBHG have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRFHF has higher volatility (4.78%) compared to IBHG (0.40%). In terms of maximum drawdown, FRFHF dropped -58.92% vs IBHG's -13.85%.
IBHG currently has the higher Sharpe Ratio (2.22 vs -0.30), 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.
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