DWOIX vs. FOCKX

Last updated Jun 26, 2026

DWOIX (BNY Mellon Research Growth Fund, Inc.) and FOCKX (Fidelity OTC Portfolio Class K) are both Large Cap Growth Equities funds. Over the past 10 years, DWOIX returned 15.69%/yr vs 23.04%/yr for FOCKX. Their correlation of 0.93 suggests significant overlap in exposure. DWOIX charges 0.78%/yr vs 0.73%/yr for FOCKX.

Performance

DWOIX vs. FOCKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Research Growth Fund, Inc. (DWOIX) 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, DWOIX achieves a -2.90% return, which is significantly lower than FOCKX's 22.85% return. Over the past 10 years, DWOIX has underperformed FOCKX with an annualized return of 15.69%, while FOCKX has yielded a comparatively higher 23.04% annualized return.

DWOIX

• 1D: -0.15%
• 1M: -9.83%
• YTD: -2.90%
• 6M: -4.19%
• 1Y: 9.80%
• 3Y*: 18.02%
• 5Y*: 8.74%
• 10Y*: 15.69%

FOCKX

• 1D: -0.39%
• 1M: -1.63%
• YTD: 22.85%
• 6M: 21.87%
• 1Y: 48.80%
• 3Y*: 32.73%
• 5Y*: 17.27%
• 10Y*: 23.04%

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

DWOIX vs. FOCKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DWOIX BNY Mellon Research Growth Fund, Inc.	-2.90%	15.02%	33.86%	42.21%	-33.77%	19.08%	51.52%	29.43%	0.63%	23.77%
FOCKX Fidelity OTC Portfolio Class K	22.85%	22.28%	38.91%	42.92%	-32.07%	25.06%	46.83%	39.36%	-3.18%	38.78%

Correlation

The correlation between DWOIX and FOCKX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Sep 30, 2008	0.93

The correlation between DWOIX and FOCKX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

DWOIX vs. FOCKX — Risk / Return Rank

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

DWOIX

DWOIX Risk / Return Rank: 10
DWOIX Sharpe Ratio Rank: 9
DWOIX Sortino Ratio Rank: 8
DWOIX Omega Ratio Rank: 10
DWOIX Calmar Ratio Rank: 10
DWOIX Martin Ratio Rank: 11

FOCKX

FOCKX Risk / Return Rank: 87
FOCKX Sharpe Ratio Rank: 89
FOCKX Sortino Ratio Rank: 79
FOCKX Omega Ratio Rank: 79
FOCKX Calmar Ratio Rank: 93
FOCKX Martin Ratio Rank: 95

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.

DWOIX vs. FOCKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Research Growth Fund, Inc. (DWOIX) 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.

	DWOIX	FOCKX	Difference
Sharpe ratio: Return per unit of total volatility	0.55	2.54	-1.98
Sortino ratio: Return per unit of downside risk	0.81	3.20	-2.39
Omega ratio: Gain probability vs. loss probability	1.12	1.43	-0.31
Calmar ratio: Return relative to maximum drawdown	0.69	4.45	-3.76
Martin ratio: Return relative to average drawdown	2.42	18.55	-16.13

DWOIX vs. FOCKX - Sharpe Ratio Comparison

The current DWOIX Sharpe Ratio is 0.55, which is lower than the FOCKX Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of DWOIX 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

DWOIX vs. FOCKX - Drawdown Comparison

The maximum DWOIX drawdown since its inception was -38.50%, smaller than the maximum FOCKX drawdown of -53.33%. Use the drawdown chart below to compare losses from any high point for DWOIX and FOCKX.

Drawdown Indicators

	DWOIX	FOCKX	Difference
Max Drawdown Largest peak-to-trough decline	-38.50%	-53.33%	+14.83%
Max Drawdown (1Y) Largest decline over 1 year	-15.08%	-11.28%	-3.80%
Max Drawdown (3Y) Largest decline over 3 years	-27.54%	-24.83%	-2.71%
Max Drawdown (5Y) Largest decline over 5 years	-38.50%	-36.97%	-1.53%
Max Drawdown (10Y) Largest decline over 10 years	-38.50%	-36.97%	-1.53%
Current Drawdown Current decline from peak	-11.23%	-5.28%	-5.95%
Average Drawdown Average peak-to-trough decline	-6.62%	-8.36%	+1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	2.69%	+1.60%

Volatility

DWOIX vs. FOCKX - Volatility Comparison

BNY Mellon Research Growth Fund, Inc. (DWOIX) has a higher volatility of 11.15% compared to Fidelity OTC Portfolio Class K (FOCKX) at 9.54%. This indicates that DWOIX'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

	DWOIX	FOCKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.15%	9.54%	+1.61%
Volatility (6M) Calculated over the trailing 6-month period	15.88%	16.12%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	18.88%	19.82%	-0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.31%	23.01%	+1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.91%	22.57%	+0.34%

DWOIX vs. FOCKX - Expense Ratio Comparison

DWOIX has a 0.78% expense ratio, which is higher than FOCKX's 0.73% expense ratio.

Dividends

DWOIX vs. FOCKX - Dividend Comparison

DWOIX's dividend yield for the trailing twelve months is around 10.65%, more than FOCKX's 6.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DWOIX BNY Mellon Research Growth Fund, Inc.	10.65%	15.61%	9.46%	3.66%	16.15%	14.40%	10.82%	9.94%	19.19%	9.73%	5.89%	6.88%
FOCKX Fidelity OTC Portfolio Class K	6.15%	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 DWOIX and FOCKX in my portfolio?

With a correlation of 0.92, DWOIX and FOCKX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DWOIX or FOCKX?

DWOIX has higher volatility (11.15%) compared to FOCKX (9.54%). In terms of maximum drawdown, DWOIX dropped -38.50% vs FOCKX's -53.33%.

Which has better risk-adjusted returns?

FOCKX currently has the higher Sharpe Ratio (2.54 vs 0.55), 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.