GHY vs. FOCIX
GHY (PGIM Global High Yield Fund) and FOCIX (Fairholme Focused Income Fund) are both High Yield Bonds funds. Over the past 10 years, GHY returned 6.78%/yr vs 7.06%/yr for FOCIX. Their 0.25 correlation means their historical movements had little consistent relationship. GHY charges 0.03%/yr vs 1.00%/yr for FOCIX.
Performance
GHY vs. FOCIX - Performance Comparison
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Returns By Period
In the year-to-date period, GHY achieves a -0.52% return, which is significantly lower than FOCIX's 10.04% return. Both investments have delivered pretty close results over the past 10 years, with GHY having a 6.78% annualized return and FOCIX not far ahead at 7.06%.
GHY
- 1D
- -0.09%
- 1M
- -2.38%
- 6M
- -4.54%
- YTD
- -0.52%
- 1Y
- -1.07%
- 3Y*
- 11.98%
- 5Y*
- 4.42%
- 10Y*
- 6.78%
- ALL TIME*
- 5.38%
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 | |
| $1.61M | $1.64M | $1.60M |
GHY vs. FOCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GHY PGIM Global High Yield Fund | -0.52% | 10.46% | 20.25% | 17.29% | -20.04% | 12.73% | 6.33% | 26.51% | -3.54% | 4.38% |
FOCIX Fairholme Focused Income Fund | 10.04% | 6.17% | 14.67% | 12.58% | 6.00% | 6.73% | 0.99% | 7.44% | -6.88% | -0.54% |
Correlation
The correlation between GHY and FOCIX is 0.07, 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. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 2012 | 0.25 |
The correlation between GHY and FOCIX shifts across timeframes, from 0.07 (1 year) to 0.30 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GHY vs. FOCIX — Risk / Return Rank
GHY
FOCIX
GHY vs. FOCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Global High Yield Fund (GHY) 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.
| GHY | FOCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.28 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 3.70 | -3.79 |
| Martin ratioReturn relative to average drawdown | -0.23 | 10.35 | -10.57 |
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Drawdowns
GHY vs. FOCIX - Drawdown Comparison
The maximum GHY drawdown since its inception was -41.35%, which is greater than FOCIX's maximum drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for GHY and FOCIX.
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Drawdown Indicators
| GHY | FOCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.35% | -18.78% | -22.57% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -3.33% | -8.61% |
Max Drawdown (3Y)Largest decline over 3 years | -16.36% | -7.96% | -8.40% |
Max Drawdown (5Y)Largest decline over 5 years | -29.50% | -12.36% | -17.14% |
Max Drawdown (10Y)Largest decline over 10 years | -41.35% | -18.61% | -22.74% |
Current DrawdownCurrent decline from peak | -5.69% | -0.69% | -5.00% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -4.73% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.68% | 1.19% | +3.49% |
Volatility
GHY vs. FOCIX - Volatility Comparison
PGIM Global High Yield Fund (GHY) and Fairholme Focused Income Fund (FOCIX) have volatilities of 3.04% and 3.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHY | FOCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 3.19% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 8.67% | 6.34% | +2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.72% | 7.93% | +2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 9.60% | +4.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.35% | 9.13% | +6.22% |
GHY vs. FOCIX - Expense Ratio Comparison
GHY has a 0.03% expense ratio, which is lower than FOCIX's 1.00% expense ratio.
Dividends
GHY vs. FOCIX - Dividend Comparison
GHY's dividend yield for the trailing twelve months is around 10.82%, 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% |
GHY PGIM Global High Yield Fund | 10.82% | 10.21% | 10.23% | 11.09% | 11.62% | 8.35% | 8.67% | 8.04% | 7.72% | 7.77% | 8.53% | 10.07% |
Frequently Asked Questions
GHY and FOCIX have a correlation of 0.07, 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 GHY (3.04%). In terms of maximum drawdown, GHY dropped -41.35% vs FOCIX's -18.78%.
FOCIX currently has the higher Sharpe Ratio (1.56 vs -0.10), 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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