FTHY vs. FOCIX
FTHY (First Trust High Yield Opportunities 2027 Term Fund) and FOCIX (Fairholme Focused Income Fund) are both High Yield Bonds funds. Over the past 5 years, FTHY returned 2.46%/yr vs 10.31%/yr for FOCIX. Their 0.29 correlation means their historical movements had little consistent relationship. FTHY charges 0.02%/yr vs 1.00%/yr for FOCIX.
Performance
FTHY vs. FOCIX - Performance Comparison
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Returns By Period
In the year-to-date period, FTHY achieves a 3.57% return, which is significantly lower than FOCIX's 10.04% return.
FTHY
- 1D
- 0.33%
- 1M
- 0.63%
- 6M
- 1.67%
- YTD
- 3.57%
- 1Y
- 3.99%
- 3Y*
- 11.01%
- 5Y*
- 2.46%
- 10Y*
- —
- ALL TIME*
- 3.49%
FOCIX
- 1D
- 0.51%
- 1M
- 1.60%
- 6M
- 7.87%
- YTD
- 10.04%
- 1Y
- 12.92%
- 3Y*
- 11.67%
- 5Y*
- 10.31%
- 10Y*
- 7.06%
- ALL TIME*
- 7.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.04M | $1.11M | $1.23M |
FTHY vs. FOCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FTHY First Trust High Yield Opportunities 2027 Term Fund | 3.57% | 7.80% | 15.71% | 14.65% | -26.09% | 7.63% | 4.66% |
FOCIX Fairholme Focused Income Fund | 10.04% | 6.17% | 14.67% | 12.58% | 6.00% | 6.73% | 8.13% |
Correlation
The correlation between FTHY and FOCIX is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2020 | 0.29 |
The correlation between FTHY and FOCIX shifts across timeframes, from 0.13 (1 year) to 0.33 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FTHY vs. FOCIX — Risk / Return Rank
FTHY
FOCIX
FTHY vs. FOCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust High Yield Opportunities 2027 Term Fund (FTHY) 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.
| FTHY | FOCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.28 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 3.70 | -2.97 |
| Martin ratioReturn relative to average drawdown | 1.98 | 10.35 | -8.36 |
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Drawdowns
FTHY vs. FOCIX - Drawdown Comparison
The maximum FTHY drawdown since its inception was -31.17%, which is greater than FOCIX's maximum drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for FTHY and FOCIX.
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Drawdown Indicators
| FTHY | FOCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.17% | -18.78% | -12.39% |
Max Drawdown (1Y)Largest decline over 1 year | -5.44% | -3.33% | -2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -8.70% | -7.96% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -12.36% | -18.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.61% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.69% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -9.94% | -4.73% | -5.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 1.19% | +0.83% |
Volatility
FTHY vs. FOCIX - Volatility Comparison
The current volatility for First Trust High Yield Opportunities 2027 Term Fund (FTHY) is 1.85%, while Fairholme Focused Income Fund (FOCIX) has a volatility of 3.19%. This indicates that FTHY experiences smaller price fluctuations and is considered to be less risky than FOCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTHY | FOCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 3.19% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 5.82% | 6.34% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.07% | 7.93% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.77% | 9.60% | +3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.13% | 9.13% | +4.00% |
FTHY vs. FOCIX - Expense Ratio Comparison
FTHY has a 0.02% expense ratio, which is lower than FOCIX's 1.00% expense ratio.
Dividends
FTHY vs. FOCIX - Dividend Comparison
FTHY's dividend yield for the trailing twelve months is around 11.07%, more than FOCIX's 1.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOCIX Fairholme Focused Income Fund | 1.14% | 1.31% | 2.46% | 2.82% | 2.24% | 1.12% | 0.65% | 2.75% | 4.57% | 9.83% | 5.16% | 5.51% |
FTHY First Trust High Yield Opportunities 2027 Term Fund | 11.07% | 10.66% | 10.70% | 10.22% | 11.85% | 7.83% | 2.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTHY and FOCIX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FOCIX has higher volatility (3.19%) compared to FTHY (1.85%). In terms of maximum drawdown, FTHY dropped -31.17% vs FOCIX's -18.78%.
FOCIX currently has the higher Sharpe Ratio (1.56 vs 0.57), 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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