CPEAX vs. FOCKX

Last updated Jun 4, 2026

CPEAX (Catalyst Dynamic Alpha Fund) and FOCKX (Fidelity OTC Portfolio Class K) are both Large Cap Growth Equities funds. Over the past 10 years, CPEAX returned 13.17%/yr vs 22.74%/yr for FOCKX. Their correlation of 0.81 suggests significant overlap in exposure. CPEAX charges 1.38%/yr vs 0.73%/yr for FOCKX.

Performance

CPEAX vs. FOCKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catalyst Dynamic Alpha Fund (CPEAX) 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, CPEAX achieves a 25.92% return, which is significantly lower than FOCKX's 27.65% return. Over the past 10 years, CPEAX has underperformed FOCKX with an annualized return of 13.17%, while FOCKX has yielded a comparatively higher 22.74% annualized return.

CPEAX

• 1D: 2.45%
• 1M: 12.89%
• YTD: 25.92%
• 6M: 23.66%
• 1Y: 40.39%
• 3Y*: 22.32%
• 5Y*: 13.26%
• 10Y*: 13.17%

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)

CPEAX vs. FOCKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CPEAX Catalyst Dynamic Alpha Fund	25.92%	9.98%	22.02%	13.44%	-14.87%	19.59%	21.00%	11.14%	-4.35%	26.91%
FOCKX Fidelity OTC Portfolio Class K	27.65%	22.28%	38.91%	42.92%	-32.07%	25.06%	46.83%	39.36%	-3.18%	38.78%

Correlation

The correlation between CPEAX and FOCKX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Dec 23, 2011	0.81

The correlation between CPEAX and FOCKX has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.

Return for Risk

CPEAX vs. FOCKX — Risk / Return Rank

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

CPEAX

CPEAX Risk / Return Rank: 50
CPEAX Sharpe Ratio Rank: 42
CPEAX Sortino Ratio Rank: 38
CPEAX Omega Ratio Rank: 39
CPEAX Calmar Ratio Rank: 71
CPEAX Martin Ratio Rank: 61

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.

CPEAX vs. FOCKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catalyst Dynamic Alpha Fund (CPEAX) 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.

	CPEAX	FOCKX	Difference
Sharpe ratio: Return per unit of total volatility	1.88	3.56	-1.68
Sortino ratio: Return per unit of downside risk	2.56	4.41	-1.84
Omega ratio: Gain probability vs. loss probability	1.34	1.59	-0.26
Calmar ratio: Return relative to maximum drawdown	3.25	5.61	-2.36
Martin ratio: Return relative to average drawdown	12.09	24.83	-12.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CPEAX vs. FOCKX - Sharpe Ratio Comparison

The current CPEAX Sharpe Ratio is 1.88, which is lower than the FOCKX Sharpe Ratio of 3.56. The chart below compares the historical Sharpe Ratios of CPEAX 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

	CPEAX	FOCKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	3.56	-1.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.87	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	1.02	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.74	+0.01

Drawdowns

CPEAX vs. FOCKX - Drawdown Comparison

The maximum CPEAX drawdown since its inception was -34.39%, smaller than the maximum FOCKX drawdown of -53.33%. Use the drawdown chart below to compare losses from any high point for CPEAX and FOCKX.

Drawdown Indicators

	CPEAX	FOCKX	Difference
Max Drawdown Largest peak-to-trough decline	-34.39%	-53.33%	+18.94%
Max Drawdown (1Y) Largest decline over 1 year	-12.61%	-11.28%	-1.33%
Max Drawdown (3Y) Largest decline over 3 years	-26.28%	-24.83%	-1.45%
Max Drawdown (5Y) Largest decline over 5 years	-26.28%	-36.97%	+10.69%
Max Drawdown (10Y) Largest decline over 10 years	-34.39%	-36.97%	+2.58%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.30%	-8.38%	+3.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	2.54%	+0.85%

Volatility

CPEAX vs. FOCKX - Volatility Comparison

Catalyst Dynamic Alpha Fund (CPEAX) has a higher volatility of 9.34% compared to Fidelity OTC Portfolio Class K (FOCKX) at 5.39%. This indicates that CPEAX's price experiences larger fluctuations and is considered to be riskier than FOCKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPEAX	FOCKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.34%	5.39%	+3.95%
Volatility (6M) Calculated over the trailing 6-month period	18.16%	13.94%	+4.22%
Volatility (1Y) Calculated over the trailing 1-year period	21.79%	17.79%	+4.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.26%	22.68%	-2.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.65%	22.46%	-1.81%

CPEAX vs. FOCKX - Expense Ratio Comparison

CPEAX has a 1.38% expense ratio, which is higher than FOCKX's 0.73% expense ratio.

Dividends

CPEAX vs. FOCKX - Dividend Comparison

CPEAX's dividend yield for the trailing twelve months is around 12.50%, more than FOCKX's 5.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CPEAX Catalyst Dynamic Alpha Fund	12.50%	15.75%	9.57%	0.00%	1.21%	30.88%	0.00%	0.12%	19.37%	2.32%	0.00%	1.36%
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 CPEAX and FOCKX in my portfolio?

CPEAX and FOCKX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CPEAX or FOCKX?

CPEAX has higher volatility (9.34%) compared to FOCKX (5.39%). In terms of maximum drawdown, CPEAX dropped -34.39% vs FOCKX's -53.33%.

Which has better risk-adjusted returns?

FOCKX currently has the higher Sharpe Ratio (3.56 vs 1.88), 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.