HUDIX vs. FAIRX
HUDIX (Huber Large Cap Value Fund) and FAIRX (Fairholme Fund) are both Large Cap Value Equities funds. Over the past 10 years, HUDIX returned 10.75%/yr vs 9.00%/yr for FAIRX. Their 0.58 correlation means they have sometimes moved together and sometimes differently. HUDIX charges 1.15%/yr vs 1.00%/yr for FAIRX.
Performance
HUDIX vs. FAIRX - Performance Comparison
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Returns By Period
In the year-to-date period, HUDIX achieves a 9.03% return, which is significantly higher than FAIRX's 5.24% return. Over the past 10 years, HUDIX has outperformed FAIRX with an annualized return of 10.75%, while FAIRX has yielded a comparatively lower 9.00% annualized return.
HUDIX
- 1D
- 0.89%
- 1M
- 2.26%
- 6M
- 7.35%
- YTD
- 9.03%
- 1Y
- 18.43%
- 3Y*
- 15.34%
- 5Y*
- 10.99%
- 10Y*
- 10.75%
- ALL TIME*
- 10.02%
FAIRX
- 1D
- -0.86%
- 1M
- 1.62%
- 6M
- -4.17%
- YTD
- 5.24%
- 1Y
- 23.64%
- 3Y*
- 2.94%
- 5Y*
- 7.95%
- 10Y*
- 9.00%
- ALL TIME*
- 9.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FAIRX Fairholme Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
HUDIX vs. FAIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HUDIX Huber Large Cap Value Fund | 9.03% | 10.58% | 21.95% | 10.85% | -2.96% | 23.20% | -3.50% | 30.44% | -13.48% | 21.24% |
FAIRX Fairholme Fund | 5.24% | 29.49% | -17.44% | 46.72% | -20.49% | 6.87% | 47.76% | 32.06% | -23.18% | -5.94% |
Correlation
The correlation between HUDIX and FAIRX is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.58 |
Over the past year, the correlation between HUDIX and FAIRX has dropped to 0.32 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
HUDIX vs. FAIRX — Risk / Return Rank
HUDIX
FAIRX
HUDIX vs. FAIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Huber Large Cap Value Fund (HUDIX) and Fairholme Fund (FAIRX). 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.
| HUDIX | FAIRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.19 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 1.54 | +1.31 |
| Martin ratioReturn relative to average drawdown | 9.55 | 3.43 | +6.11 |
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Drawdowns
HUDIX vs. FAIRX - Drawdown Comparison
The maximum HUDIX drawdown since its inception was -37.14%, smaller than the maximum FAIRX drawdown of -51.28%. Use the drawdown chart below to compare losses from any high point for HUDIX and FAIRX.
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Drawdown Indicators
| HUDIX | FAIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.14% | -51.28% | +14.14% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -14.55% | +8.42% |
Max Drawdown (3Y)Largest decline over 3 years | -18.86% | -27.95% | +9.09% |
Max Drawdown (5Y)Largest decline over 5 years | -18.86% | -41.50% | +22.64% |
Max Drawdown (10Y)Largest decline over 10 years | -37.14% | -41.50% | +4.36% |
Current DrawdownCurrent decline from peak | 0.00% | -11.40% | +11.40% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -11.59% | +6.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 6.52% | -4.69% |
Volatility
HUDIX vs. FAIRX - Volatility Comparison
The current volatility for Huber Large Cap Value Fund (HUDIX) is 3.65%, while Fairholme Fund (FAIRX) has a volatility of 3.90%. This indicates that HUDIX experiences smaller price fluctuations and is considered to be less risky than FAIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HUDIX | FAIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 3.90% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.05% | 17.40% | -8.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.03% | 24.52% | -12.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.10% | 26.09% | -9.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 24.11% | -5.72% |
HUDIX vs. FAIRX - Expense Ratio Comparison
HUDIX has a 1.15% expense ratio, which is higher than FAIRX's 1.00% expense ratio.
Dividends
HUDIX vs. FAIRX - Dividend Comparison
HUDIX's dividend yield for the trailing twelve months is around 1.01%, more than FAIRX's 0.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAIRX Fairholme Fund | 0.55% | 0.58% | 0.71% | 0.41% | 0.00% | 0.00% | 0.57% | 0.83% | 2.23% | 1.29% | 7.29% | 69.79% |
HUDIX Huber Large Cap Value Fund | 1.01% | 1.10% | 1.09% | 1.50% | 1.40% | 1.14% | 1.48% | 1.16% | 1.53% | 1.44% | 1.57% | 1.28% |
Frequently Asked Questions
HUDIX and FAIRX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAIRX has higher volatility (3.90%) compared to HUDIX (3.65%). In terms of maximum drawdown, HUDIX dropped -37.14% vs FAIRX's -51.28%.
HUDIX currently has the higher Sharpe Ratio (1.46 vs 0.92), 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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