RCRYX vs. FOCIX
RCRYX (Pioneer Corporate High Yield Fund) and FOCIX (Fairholme Focused Income Fund) are both High Yield Bonds funds. Over the past 10 years, RCRYX returned 3.80%/yr vs 7.12%/yr for FOCIX. At a 0.22 correlation, their price movements are largely independent. RCRYX charges 0.60%/yr vs 1.00%/yr for FOCIX.
Performance
RCRYX vs. FOCIX - Performance Comparison
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Returns By Period
In the year-to-date period, RCRYX achieves a 2.15% return, which is significantly lower than FOCIX's 8.79% return. Over the past 10 years, RCRYX has underperformed FOCIX with an annualized return of 3.80%, while FOCIX has yielded a comparatively higher 7.12% annualized return.
RCRYX
- 1D
- 0.00%
- 1M
- 0.21%
- 6M
- 1.78%
- YTD
- 2.15%
- 1Y
- 5.99%
- 3Y*
- 7.69%
- 5Y*
- 2.69%
- 10Y*
- 3.80%
FOCIX
- 1D
- 0.19%
- 1M
- 0.57%
- 6M
- 7.96%
- YTD
- 8.79%
- 1Y
- 9.85%
- 3Y*
- 11.62%
- 5Y*
- 9.71%
- 10Y*
- 7.12%
RCRYX vs. FOCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RCRYX Pioneer Corporate High Yield Fund | 2.15% | 7.00% | 8.07% | 8.30% | -12.08% | 5.65% | 4.25% | 9.77% | -2.08% | 5.67% |
FOCIX Fairholme Focused Income Fund | 8.79% | 6.17% | 14.67% | 12.58% | 6.00% | 6.73% | 0.99% | 7.44% | -6.88% | -0.54% |
Correlation
The correlation between RCRYX and FOCIX is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.22 |
The correlation between RCRYX and FOCIX shifts across timeframes, from -0.13 (1 year) to 0.22 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
RCRYX vs. FOCIX — Risk / Return Rank
RCRYX
FOCIX
RCRYX vs. FOCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Corporate High Yield Fund (RCRYX) 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.
| RCRYX | FOCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.23 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 2.95 | -1.05 |
| Martin ratioReturn relative to average drawdown | 16.14 | 8.06 | +8.08 |
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Drawdowns
RCRYX vs. FOCIX - Drawdown Comparison
The maximum RCRYX drawdown since its inception was -21.13%, which is greater than FOCIX's maximum drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for RCRYX and FOCIX.
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Drawdown Indicators
| RCRYX | FOCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.13% | -18.78% | -2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.23% | -3.33% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -3.94% | -7.96% | +4.02% |
Max Drawdown (5Y)Largest decline over 5 years | -14.92% | -12.36% | -2.56% |
Max Drawdown (10Y)Largest decline over 10 years | -21.13% | -18.61% | -2.52% |
Current DrawdownCurrent decline from peak | -0.38% | -0.51% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -4.75% | +2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 1.21% | -0.83% |
Volatility
RCRYX vs. FOCIX - Volatility Comparison
The current volatility for Pioneer Corporate High Yield Fund (RCRYX) is 0.68%, while Fairholme Focused Income Fund (FOCIX) has a volatility of 2.69%. This indicates that RCRYX 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
| RCRYX | FOCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 2.69% | -2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.54% | 5.99% | -1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.80% | 7.60% | -2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.58% | 9.59% | -5.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.67% | 9.09% | -4.42% |
RCRYX vs. FOCIX - Expense Ratio Comparison
RCRYX has a 0.60% expense ratio, which is lower than FOCIX's 1.00% expense ratio.
Dividends
RCRYX vs. FOCIX - Dividend Comparison
RCRYX's dividend yield for the trailing twelve months is around 5.71%, more than FOCIX's 1.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOCIX Fairholme Focused Income Fund | 1.15% | 1.31% | 2.46% | 2.82% | 2.24% | 1.12% | 0.65% | 2.75% | 4.57% | 9.83% | 5.16% | 5.51% |
RCRYX Pioneer Corporate High Yield Fund | 5.71% | 5.39% | 5.13% | 3.95% | 4.45% | 4.71% | 4.76% | 4.51% | 4.44% | 5.01% | 6.44% | 4.43% |
Frequently Asked Questions
RCRYX and FOCIX have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FOCIX has higher volatility (2.69%) compared to RCRYX (0.68%). In terms of maximum drawdown, RCRYX dropped -21.13% vs FOCIX's -18.78%.
FOCIX currently has the higher Sharpe Ratio (1.29 vs 1.28), 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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