BGGSX vs. FOCKX

Last updated Jun 4, 2026

BGGSX (Baillie Gifford U.S. Equity Growth Fund) and FOCKX (Fidelity OTC Portfolio Class K) are both Large Cap Growth Equities funds. Over the past 5 years, BGGSX returned -3.41%/yr vs 19.63%/yr for FOCKX. Their correlation of 0.81 suggests significant overlap in exposure. BGGSX charges 0.75%/yr vs 0.73%/yr for FOCKX.

Performance

BGGSX vs. FOCKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baillie Gifford U.S. Equity Growth Fund (BGGSX) and Fidelity OTC Portfolio Class K (FOCKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGGSX achieves a -4.80% return, which is significantly lower than FOCKX's 27.65% return.

BGGSX

• 1D: -1.77%
• 1M: 4.13%
• YTD: -4.80%
• 6M: -7.13%
• 1Y: -1.10%
• 3Y*: 15.80%
• 5Y*: -3.41%
• 10Y*: —

FOCKX

• 1D: 0.76%
• 1M: 10.65%
• YTD: 27.65%
• 6M: 28.76%
• 1Y: 62.04%
• 3Y*: 34.92%
• 5Y*: 19.63%
• 10Y*: 22.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BGGSX vs. FOCKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGGSX Baillie Gifford U.S. Equity Growth Fund	-4.80%	10.25%	30.44%	45.93%	-52.50%	-11.13%	125.42%	30.00%	8.31%	16.54%
FOCKX Fidelity OTC Portfolio Class K	27.65%	22.28%	38.91%	42.92%	-32.07%	25.06%	46.83%	39.36%	-3.18%	18.89%

Correlation

The correlation between BGGSX and FOCKX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since May 1, 2017	0.81

The correlation between BGGSX and FOCKX shifts across timeframes, from 0.69 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BGGSX vs. FOCKX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BGGSX

BGGSX Risk / Return Rank: 3
BGGSX Sharpe Ratio Rank: 3
BGGSX Sortino Ratio Rank: 3
BGGSX Omega Ratio Rank: 3
BGGSX Calmar Ratio Rank: 2
BGGSX Martin Ratio Rank: 2

FOCKX

FOCKX Risk / Return Rank: 93
FOCKX Sharpe Ratio Rank: 96
FOCKX Sortino Ratio Rank: 90
FOCKX Omega Ratio Rank: 87
FOCKX Calmar Ratio Rank: 94
FOCKX Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BGGSX vs. FOCKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baillie Gifford U.S. Equity Growth Fund (BGGSX) and Fidelity OTC Portfolio Class K (FOCKX). 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.

	BGGSX	FOCKX	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	3.56	-3.58
Sortino ratio: Return per unit of downside risk	0.11	4.41	-4.29
Omega ratio: Gain probability vs. loss probability	1.01	1.59	-0.58
Calmar ratio: Return relative to maximum drawdown	-0.02	5.61	-5.63
Martin ratio: Return relative to average drawdown	-0.05	24.83	-24.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGGSX vs. FOCKX - Sharpe Ratio Comparison

The current BGGSX Sharpe Ratio is -0.03, which is lower than the FOCKX Sharpe Ratio of 3.56. The chart below compares the historical Sharpe Ratios of BGGSX and FOCKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BGGSX	FOCKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.03	3.56	-3.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	0.87	-0.97
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.74	-0.32

Drawdowns

BGGSX vs. FOCKX - Drawdown Comparison

The maximum BGGSX drawdown since its inception was -68.76%, which is greater than FOCKX's maximum drawdown of -53.33%. Use the drawdown chart below to compare losses from any high point for BGGSX and FOCKX.

Drawdown Indicators

	BGGSX	FOCKX	Difference
Max Drawdown Largest peak-to-trough decline	-68.76%	-53.33%	-15.43%
Max Drawdown (1Y) Largest decline over 1 year	-26.08%	-11.28%	-14.80%
Max Drawdown (3Y) Largest decline over 3 years	-30.87%	-24.83%	-6.04%
Max Drawdown (5Y) Largest decline over 5 years	-67.71%	-36.97%	-30.74%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.97%	—
Current Drawdown Current decline from peak	-30.41%	0.00%	-30.41%
Average Drawdown Average peak-to-trough decline	-25.16%	-8.38%	-16.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.77%	2.54%	+9.23%

Volatility

BGGSX vs. FOCKX - Volatility Comparison

Baillie Gifford U.S. Equity Growth Fund (BGGSX) and Fidelity OTC Portfolio Class K (FOCKX) have volatilities of 5.60% and 5.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGGSX	FOCKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.60%	5.39%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	16.03%	13.94%	+2.09%
Volatility (1Y) Calculated over the trailing 1-year period	21.43%	17.79%	+3.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.17%	22.68%	+12.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.17%	22.46%	+9.71%

BGGSX vs. FOCKX - Expense Ratio Comparison

BGGSX has a 0.75% expense ratio, which is higher than FOCKX's 0.73% expense ratio.

Dividends

BGGSX vs. FOCKX - Dividend Comparison

BGGSX has not paid dividends to shareholders, while FOCKX's dividend yield for the trailing twelve months is around 5.92%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGGSX Baillie Gifford U.S. Equity Growth Fund	0.00%	0.00%	0.00%	0.00%	16.38%	2.61%	3.29%	1.35%	2.02%	0.00%	0.00%	0.00%
FOCKX Fidelity OTC Portfolio Class K	5.92%	7.56%	16.42%	0.09%	3.97%	11.34%	6.18%	7.49%	7.81%	4.85%	3.25%	5.42%

Frequently Asked Questions

Can I hold both BGGSX and FOCKX in my portfolio?

BGGSX and FOCKX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BGGSX or FOCKX?

BGGSX has higher volatility (5.60%) compared to FOCKX (5.39%). In terms of maximum drawdown, BGGSX dropped -68.76% vs FOCKX's -53.33%.

Which has better risk-adjusted returns?

FOCKX currently has the higher Sharpe Ratio (3.56 vs -0.03), 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.