JOE vs. FAIRX
JOE (The St. Joe Company) is a stock, while FAIRX (Fairholme Fund) is Large Cap Value Equities fund managed by Fairholme. Over the past 10 years, JOE returned 14.52%/yr vs 9.48%/yr for FAIRX. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
JOE vs. FAIRX - Performance Comparison
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Returns By Period
In the year-to-date period, JOE achieves a 9.82% return, which is significantly higher than FAIRX's 7.44% return. Over the past 10 years, JOE has outperformed FAIRX with an annualized return of 14.52%, while FAIRX has yielded a comparatively lower 9.48% annualized return.
JOE
- 1D
- 0.87%
- 1M
- 0.08%
- YTD
- 9.82%
- 6M
- 5.52%
- 1Y
- 45.98%
- 3Y*
- 13.28%
- 5Y*
- 7.63%
- 10Y*
- 14.52%
FAIRX
- 1D
- 1.11%
- 1M
- -0.63%
- YTD
- 7.44%
- 6M
- 4.70%
- 1Y
- 36.41%
- 3Y*
- 13.20%
- 5Y*
- 6.51%
- 10Y*
- 9.48%
JOE vs. FAIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JOE The St. Joe Company | 9.82% | 33.68% | -24.64% | 57.12% | -25.07% | 23.45% | 114.56% | 50.57% | -27.04% | -5.00% |
FAIRX Fairholme Fund | 7.44% | 29.49% | -17.44% | 46.72% | -20.49% | 6.87% | 47.76% | 32.06% | -23.18% | -5.94% |
Correlation
The correlation between JOE and FAIRX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 1999 | 0.64 |
Over the past year, JOE and FAIRX have become more correlated (0.98) than their long-term average of 0.64, meaning their price movements have been converging.
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Return for Risk
JOE vs. FAIRX — Risk / Return Rank
JOE
FAIRX
JOE vs. FAIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The St. Joe Company (JOE) 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.
| JOE | FAIRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.27 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.65 | +0.08 |
| Martin ratioReturn relative to average drawdown | 7.83 | 7.67 | +0.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JOE | FAIRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 1.47 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.25 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.40 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.46 | -0.37 |
Drawdowns
JOE vs. FAIRX - Drawdown Comparison
The maximum JOE drawdown since its inception was -84.33%, which is greater than FAIRX's maximum drawdown of -51.28%. Use the drawdown chart below to compare losses from any high point for JOE and FAIRX.
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Drawdown Indicators
| JOE | FAIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.33% | -51.28% | -33.05% |
Max Drawdown (1Y)Largest decline over 1 year | -16.94% | -13.96% | -2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -35.71% | -27.95% | -7.76% |
Max Drawdown (5Y)Largest decline over 5 years | -48.43% | -41.50% | -6.93% |
Max Drawdown (10Y)Largest decline over 10 years | -48.43% | -41.50% | -6.93% |
Current DrawdownCurrent decline from peak | -16.97% | -9.55% | -7.42% |
Average DrawdownAverage peak-to-trough decline | -51.30% | -11.59% | -39.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.89% | 4.81% | +1.08% |
Volatility
JOE vs. FAIRX - Volatility Comparison
The St. Joe Company (JOE) has a higher volatility of 5.87% compared to Fairholme Fund (FAIRX) at 4.48%. This indicates that JOE's price experiences larger fluctuations and is considered to be riskier 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
| JOE | FAIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 4.48% | +1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 21.11% | 17.72% | +3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.92% | 25.06% | +5.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.39% | 26.34% | +6.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.46% | 24.06% | +8.40% |
Dividends
JOE vs. FAIRX - Dividend Comparison
JOE's dividend yield for the trailing twelve months is around 0.92%, more than FAIRX's 0.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAIRX Fairholme Fund | 0.54% | 0.58% | 0.71% | 0.41% | 0.00% | 0.00% | 0.57% | 0.83% | 2.23% | 1.29% | 7.29% | 69.79% |
JOE The St. Joe Company | 0.92% | 0.98% | 1.16% | 0.73% | 1.03% | 0.61% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, JOE and FAIRX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
JOE has higher volatility (5.87%) compared to FAIRX (4.48%). In terms of maximum drawdown, JOE dropped -84.33% vs FAIRX's -51.28%.
JOE currently has the higher Sharpe Ratio (1.49 vs 1.47), 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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