PRCPX vs. FOCIX
Compare and contrast key facts about T. Rowe Price Credit Opportunities Fund (PRCPX) and Fairholme Focused Income Fund (FOCIX).
PRCPX is a passively managed fund by T. Rowe Price that tracks the performance of the Bloomberg US High-Yield 2% Issuer Capped Bond Index. It was launched on Apr 29, 2014. FOCIX is managed by Fairholme. It was launched on Dec 31, 2009.
Performance
PRCPX vs. FOCIX - Performance Comparison
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PRCPX vs. FOCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRCPX T. Rowe Price Credit Opportunities Fund | -0.13% | 14.80% | 7.46% | 14.90% | -10.50% | 6.36% | 5.55% | 13.77% | -1.44% | 6.80% |
FOCIX Fairholme Focused Income Fund | 6.93% | 6.17% | 14.67% | 12.58% | 6.00% | 6.73% | 0.99% | 7.44% | -6.88% | -0.54% |
Returns By Period
In the year-to-date period, PRCPX achieves a -0.13% return, which is significantly lower than FOCIX's 6.93% return. Over the past 10 years, PRCPX has underperformed FOCIX with an annualized return of 6.83%, while FOCIX has yielded a comparatively higher 8.24% annualized return.
PRCPX
- 1D
- 0.13%
- 1M
- -1.62%
- YTD
- -0.13%
- 6M
- 3.02%
- 1Y
- 13.68%
- 3Y*
- 10.60%
- 5Y*
- 5.87%
- 10Y*
- 6.83%
FOCIX
- 1D
- 0.19%
- 1M
- 1.18%
- YTD
- 6.93%
- 6M
- 6.35%
- 1Y
- 9.02%
- 3Y*
- 11.77%
- 5Y*
- 10.04%
- 10Y*
- 8.24%
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PRCPX vs. FOCIX - Expense Ratio Comparison
PRCPX has a 0.81% expense ratio, which is lower than FOCIX's 1.00% expense ratio.
Return for Risk
PRCPX vs. FOCIX — Risk / Return Rank
PRCPX
FOCIX
PRCPX vs. FOCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Credit Opportunities Fund (PRCPX) 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.
| PRCPX | FOCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.47 | 0.98 | +2.50 |
Sortino ratioReturn per unit of downside risk | 5.52 | 1.38 | +4.14 |
Omega ratioGain probability vs. loss probability | 1.93 | 1.19 | +0.73 |
Calmar ratioReturn relative to maximum drawdown | 4.53 | 1.18 | +3.35 |
Martin ratioReturn relative to average drawdown | 21.08 | 4.79 | +16.29 |
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
| PRCPX | FOCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.47 | 0.98 | +2.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 1.04 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.26 | 0.90 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.80 | +0.08 |
Correlation
The correlation between PRCPX and FOCIX is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PRCPX vs. FOCIX - Dividend Comparison
PRCPX's dividend yield for the trailing twelve months is around 12.89%, more than FOCIX's 1.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRCPX T. Rowe Price Credit Opportunities Fund | 12.89% | 12.19% | 7.03% | 7.88% | 4.89% | 5.11% | 5.36% | 5.18% | 5.72% | 4.95% | 5.88% | 7.58% |
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% |
Drawdowns
PRCPX vs. FOCIX - Drawdown Comparison
The maximum PRCPX drawdown since its inception was -23.07%, which is greater than FOCIX's maximum drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for PRCPX and FOCIX.
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Drawdown Indicators
| PRCPX | FOCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.07% | -18.78% | -4.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -7.45% | +4.42% |
Max Drawdown (5Y)Largest decline over 5 years | -14.34% | -12.36% | -1.98% |
Max Drawdown (10Y)Largest decline over 10 years | -23.07% | -18.61% | -4.46% |
Current DrawdownCurrent decline from peak | -1.74% | -0.58% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -4.81% | +1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 1.84% | -1.19% |
Volatility
PRCPX vs. FOCIX - Volatility Comparison
The current volatility for T. Rowe Price Credit Opportunities Fund (PRCPX) is 1.10%, while Fairholme Focused Income Fund (FOCIX) has a volatility of 2.49%. This indicates that PRCPX 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
| PRCPX | FOCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 2.49% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 5.63% | -3.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 9.26% | -5.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.79% | 9.73% | -4.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 9.18% | -3.73% |