DAFGX vs. FOCKX

Last updated Aug 4, 2026

DAFGX (Dunham Focused Large Cap Growth Fund) and FOCKX (Fidelity OTC Portfolio Class K) are both Large Cap Growth Equities funds. Over the past 10 years, DAFGX returned 12.32%/yr vs 21.33%/yr for FOCKX. Their correlation of 0.91 means they have usually moved in the same direction. DAFGX charges 1.37%/yr vs 0.65%/yr for FOCKX.

Performance

DAFGX vs. FOCKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dunham Focused Large Cap Growth Fund (DAFGX) 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, DAFGX achieves a -0.41% return, which is significantly lower than FOCKX's 19.73% return. Over the past 10 years, DAFGX has underperformed FOCKX with an annualized return of 12.32%, while FOCKX has yielded a comparatively higher 21.33% annualized return.

DAFGX

• 1D: 2.25%
• 1M: -2.07%
• 6M: 5.38%
• YTD: -0.41%
• 1Y: -3.70%
• 3Y*: 6.78%
• 5Y*: 1.17%
• 10Y*: 12.32%
• ALL TIME*: 11.95%

FOCKX

• 1D: 1.25%
• 1M: -4.01%
• 6M: 16.51%
• YTD: 19.73%
• 1Y: 37.95%
• 3Y*: 29.29%
• 5Y*: 15.91%
• 10Y*: 21.33%
• ALL TIME*: 16.88%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DAFGX Dunham Focused Large Cap Growth Fund	$0.00	$0.00	$0.00
FOCKX Fidelity OTC Portfolio Class K	$0.00	$0.00	$0.00

DAFGX vs. FOCKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DAFGX Dunham Focused Large Cap Growth Fund	-0.41%	1.72%	11.42%	54.81%	-38.96%	13.01%	49.42%	35.17%	9.80%	26.10%
FOCKX Fidelity OTC Portfolio Class K	19.73%	22.28%	38.91%	42.92%	-32.07%	25.06%	46.83%	39.36%	-3.18%	38.78%

Correlation

The correlation between DAFGX and FOCKX is 0.80, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.91
Correlation (10Y) Provides a long-term view across more market conditions.	0.91
Correlation (All Time) Calculated using the full available price history since Dec 8, 2011	0.91

The correlation between DAFGX and FOCKX shifts across timeframes, from 0.80 (1 year) to 0.91 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

DAFGX vs. FOCKX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DAFGX

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

FOCKX

FOCKX Risk / Return Rank: 72
FOCKX Sharpe Ratio Rank: 69
FOCKX Sortino Ratio Rank: 62
FOCKX Omega Ratio Rank: 58
FOCKX Calmar Ratio Rank: 87
FOCKX Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DAFGX vs. FOCKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dunham Focused Large Cap Growth Fund (DAFGX) 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.

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.

	DAFGX	FOCKX	Difference
Sharpe ratio: Return per unit of total volatility	-0.29	1.69	-1.98
Sortino ratio: Return per unit of downside risk	-0.26	2.29	-2.55
Omega ratio: Gain probability vs. loss probability	0.97	1.29	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.22	3.15	-3.37
Martin ratio: Return relative to average drawdown	-0.48	10.71	-11.20

DAFGX vs. FOCKX - Sharpe Ratio Comparison

The current DAFGX Sharpe Ratio is -0.29, which is lower than the FOCKX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of DAFGX 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.

Drawdowns

DAFGX vs. FOCKX - Drawdown Comparison

The maximum DAFGX drawdown since its inception was -47.69%, smaller than the maximum FOCKX drawdown of -53.33%. Use the drawdown chart below to compare losses from any high point for DAFGX and FOCKX.

Drawdown Indicators

	DAFGX	FOCKX	Difference
Max Drawdown Largest peak-to-trough decline	-47.69%	-53.33%	+5.64%
Max Drawdown (1Y) Largest decline over 1 year	-27.70%	-11.28%	-16.42%
Max Drawdown (3Y) Largest decline over 3 years	-34.81%	-24.83%	-9.98%
Max Drawdown (5Y) Largest decline over 5 years	-47.69%	-36.97%	-10.72%
Max Drawdown (10Y) Largest decline over 10 years	-47.69%	-36.97%	-10.72%
Current Drawdown Current decline from peak	-16.07%	-7.68%	-8.39%
Average Drawdown Average peak-to-trough decline	-9.61%	-8.34%	-1.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.65%	3.30%	+9.35%

Volatility

DAFGX vs. FOCKX - Volatility Comparison

Dunham Focused Large Cap Growth Fund (DAFGX) has a higher volatility of 7.43% compared to Fidelity OTC Portfolio Class K (FOCKX) at 6.30%. This indicates that DAFGX'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

	DAFGX	FOCKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.43%	6.30%	+1.13%
Volatility (6M) Calculated over the trailing 6-month period	17.43%	17.30%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	21.28%	21.01%	+0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.50%	23.17%	+3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.54%	22.61%	+2.93%

DAFGX vs. FOCKX - Expense Ratio Comparison

DAFGX has a 1.37% expense ratio, which is higher than FOCKX's 0.65% expense ratio.

Dividends

DAFGX vs. FOCKX - Dividend Comparison

DAFGX's dividend yield for the trailing twelve months is around 16.58%, more than FOCKX's 6.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DAFGX Dunham Focused Large Cap Growth Fund	16.58%	16.51%	0.00%	2.40%	0.00%	8.61%	2.31%	3.33%	8.90%	0.95%	0.00%	0.58%
FOCKX Fidelity OTC Portfolio Class K	6.31%	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 DAFGX and FOCKX in my portfolio?

DAFGX 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, DAFGX or FOCKX?

DAFGX has higher volatility (7.43%) compared to FOCKX (6.30%). In terms of maximum drawdown, DAFGX dropped -47.69% vs FOCKX's -53.33%.

Which has better risk-adjusted returns?

FOCKX currently has the higher Sharpe Ratio (1.69 vs -0.29), 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.