ISD vs. FOCIX
ISD (PGIM High Yield Bond Fund) and FOCIX (Fairholme Focused Income Fund) are both High Yield Bonds funds. Over the past 10 years, ISD returned 6.95%/yr vs 7.02%/yr for FOCIX. At a 0.26 correlation, their price movements are largely independent. ISD charges 0.02%/yr vs 1.00%/yr for FOCIX.
Performance
ISD vs. FOCIX - Performance Comparison
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Returns By Period
In the year-to-date period, ISD achieves a -8.40% return, which is significantly lower than FOCIX's 6.37% return. Both investments have delivered pretty close results over the past 10 years, with ISD having a 6.95% annualized return and FOCIX not far ahead at 7.02%.
ISD
- 1D
- -0.08%
- 1M
- -0.66%
- YTD
- -8.40%
- 6M
- -8.30%
- 1Y
- 1.52%
- 3Y*
- 11.16%
- 5Y*
- 4.57%
- 10Y*
- 6.95%
FOCIX
- 1D
- -0.07%
- 1M
- -2.72%
- YTD
- 6.37%
- 6M
- 5.79%
- 1Y
- 9.83%
- 3Y*
- 11.20%
- 5Y*
- 9.21%
- 10Y*
- 7.02%
ISD vs. FOCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISD PGIM High Yield Bond Fund | -8.40% | 15.63% | 22.05% | 15.05% | -18.42% | 15.72% | 6.66% | 28.41% | -5.03% | 3.59% |
FOCIX Fairholme Focused Income Fund | 6.37% | 6.17% | 14.67% | 12.58% | 6.00% | 6.73% | 0.99% | 7.44% | -6.88% | -0.54% |
Correlation
The correlation between ISD and FOCIX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2012 | 0.26 |
The correlation between ISD and FOCIX shifts across timeframes, from 0.12 (1 year) to 0.37 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ISD vs. FOCIX — Risk / Return Rank
ISD
FOCIX
ISD vs. FOCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Bond Fund (ISD) 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.
| ISD | FOCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.24 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 2.94 | -2.83 |
| Martin ratioReturn relative to average drawdown | 0.31 | 8.23 | -7.93 |
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Drawdowns
ISD vs. FOCIX - Drawdown Comparison
The maximum ISD drawdown since its inception was -38.88%, which is greater than FOCIX's maximum drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for ISD and FOCIX.
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Drawdown Indicators
| ISD | FOCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.88% | -18.78% | -20.10% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -3.33% | -10.19% |
Max Drawdown (3Y)Largest decline over 3 years | -13.94% | -7.96% | -5.98% |
Max Drawdown (5Y)Largest decline over 5 years | -25.45% | -12.36% | -13.09% |
Max Drawdown (10Y)Largest decline over 10 years | -38.88% | -18.61% | -20.27% |
Current DrawdownCurrent decline from peak | -10.35% | -2.72% | -7.63% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -4.76% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.98% | 1.19% | +3.79% |
Volatility
ISD vs. FOCIX - Volatility Comparison
The current volatility for PGIM High Yield Bond Fund (ISD) is 1.60%, while Fairholme Focused Income Fund (FOCIX) has a volatility of 2.41%. This indicates that ISD 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
| ISD | FOCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 2.41% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 9.56% | 5.68% | +3.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.15% | 7.44% | +3.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.35% | 9.74% | +3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.58% | 9.08% | +5.50% |
ISD vs. FOCIX - Expense Ratio Comparison
ISD has a 0.02% expense ratio, which is lower than FOCIX's 1.00% expense ratio.
Dividends
ISD vs. FOCIX - Dividend Comparison
ISD's dividend yield for the trailing twelve months is around 9.88%, more than FOCIX's 1.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOCIX Fairholme Focused Income Fund | 1.23% | 1.31% | 2.46% | 2.82% | 2.24% | 1.12% | 0.65% | 2.75% | 4.57% | 9.83% | 5.16% | 5.51% |
ISD PGIM High Yield Bond Fund | 9.88% | 8.71% | 9.21% | 10.23% | 10.61% | 7.85% | 8.40% | 7.86% | 7.89% | 8.46% | 8.28% | 9.64% |
Frequently Asked Questions
ISD and FOCIX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FOCIX has higher volatility (2.41%) compared to ISD (1.60%). In terms of maximum drawdown, ISD dropped -38.88% vs FOCIX's -18.78%.
FOCIX currently has the higher Sharpe Ratio (1.32 vs 0.14), 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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