WHGHX vs. FOCIX
WHGHX (Westwood High Income Fund) and FOCIX (Fairholme Focused Income Fund) are both High Yield Bonds funds. Over the past 10 years, WHGHX returned 6.01%/yr vs 7.03%/yr for FOCIX. Their 0.38 correlation means their historical movements had little consistent relationship. WHGHX charges 0.80%/yr vs 1.00%/yr for FOCIX.
Performance
WHGHX vs. FOCIX - Performance Comparison
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Returns By Period
In the year-to-date period, WHGHX achieves a 3.81% return, which is significantly lower than FOCIX's 9.48% return. Over the past 10 years, WHGHX has underperformed FOCIX with an annualized return of 6.01%, while FOCIX has yielded a comparatively higher 7.03% annualized return.
WHGHX
- 1D
- 0.08%
- 1M
- -0.50%
- 6M
- 2.52%
- YTD
- 3.81%
- 1Y
- 9.25%
- 3Y*
- 9.36%
- 5Y*
- 4.45%
- 10Y*
- 6.01%
- ALL TIME*
- 5.00%
FOCIX
- 1D
- -1.19%
- 1M
- 1.09%
- 6M
- 7.04%
- YTD
- 9.48%
- 1Y
- 12.35%
- 3Y*
- 11.54%
- 5Y*
- 10.19%
- 10Y*
- 7.03%
- ALL TIME*
- 7.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
WHGHX vs. FOCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WHGHX Westwood High Income Fund | 3.81% | 9.60% | 9.73% | 11.53% | -11.10% | 7.24% | 14.89% | 9.45% | 0.36% | 4.20% |
FOCIX Fairholme Focused Income Fund | 9.48% | 6.17% | 14.67% | 12.58% | 6.00% | 6.73% | 0.99% | 7.44% | -6.88% | -0.54% |
Correlation
The correlation between WHGHX and FOCIX is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2011 | 0.38 |
Over the past year, the correlation between WHGHX and FOCIX has dropped to 0.14 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
WHGHX vs. FOCIX — Risk / Return Rank
WHGHX
FOCIX
WHGHX vs. FOCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Westwood High Income Fund (WHGHX) 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.
| WHGHX | FOCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.27 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 3.51 | -1.03 |
| Martin ratioReturn relative to average drawdown | 11.27 | 9.80 | +1.47 |
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Drawdowns
WHGHX vs. FOCIX - Drawdown Comparison
The maximum WHGHX drawdown since its inception was -18.11%, roughly equal to the maximum FOCIX drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for WHGHX and FOCIX.
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Drawdown Indicators
| WHGHX | FOCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.11% | -18.78% | +0.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.65% | -3.33% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -6.76% | -7.96% | +1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -15.88% | -12.36% | -3.52% |
Max Drawdown (10Y)Largest decline over 10 years | -18.11% | -18.61% | +0.50% |
Current DrawdownCurrent decline from peak | -0.82% | -1.19% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -1.90% | -4.73% | +2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 1.19% | -0.39% |
Volatility
WHGHX vs. FOCIX - Volatility Comparison
The current volatility for Westwood High Income Fund (WHGHX) is 1.14%, while Fairholme Focused Income Fund (FOCIX) has a volatility of 3.17%. This indicates that WHGHX 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
| WHGHX | FOCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 3.17% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 6.37% | -2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 7.91% | -3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.31% | 9.60% | -3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.95% | 9.13% | -3.18% |
WHGHX vs. FOCIX - Expense Ratio Comparison
WHGHX has a 0.80% expense ratio, which is lower than FOCIX's 1.00% expense ratio.
Dividends
WHGHX vs. FOCIX - Dividend Comparison
WHGHX's dividend yield for the trailing twelve months is around 5.66%, 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% |
WHGHX Westwood High Income Fund | 5.66% | 6.27% | 5.81% | 5.23% | 4.79% | 3.45% | 3.54% | 4.39% | 4.79% | 4.58% | 4.07% | 4.60% |
Frequently Asked Questions
WHGHX and FOCIX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FOCIX has higher volatility (3.17%) compared to WHGHX (1.14%). In terms of maximum drawdown, WHGHX dropped -18.11% vs FOCIX's -18.78%.
WHGHX currently has the higher Sharpe Ratio (1.98 vs 1.48), 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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