EDEN vs. FOCPX
EDEN (iShares MSCI Denmark ETF) and FOCPX (Fidelity OTC Portfolio) are both funds - EDEN is a Europe Equities fund tracking the MSCI Denmark IMI 25/50 Index, while FOCPX is a Large Cap Growth Equities fund actively managed by Fidelity. EDEN is passively managed, while FOCPX is actively managed. Over the past 10 years, EDEN returned 9.22%/yr vs 22.49%/yr for FOCPX. A 0.52 correlation means they provide meaningful diversification when combined. EDEN charges 0.53%/yr vs 0.73%/yr for FOCPX.
Performance
EDEN vs. FOCPX - Performance Comparison
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Returns By Period
In the year-to-date period, EDEN achieves a -3.05% return, which is significantly lower than FOCPX's 22.78% return. Over the past 10 years, EDEN has underperformed FOCPX with an annualized return of 9.22%, while FOCPX has yielded a comparatively higher 22.49% annualized return.
EDEN
- 1D
- -0.01%
- 1M
- -1.61%
- YTD
- -3.05%
- 6M
- -2.55%
- 1Y
- -6.97%
- 3Y*
- 2.87%
- 5Y*
- 2.08%
- 10Y*
- 9.22%
FOCPX
- 1D
- 2.86%
- 1M
- -0.60%
- YTD
- 22.78%
- 6M
- 24.57%
- 1Y
- 51.96%
- 3Y*
- 32.72%
- 5Y*
- 17.85%
- 10Y*
- 22.49%
EDEN vs. FOCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | -3.05% | 10.58% | -3.94% | 17.99% | -11.47% | 14.81% | 42.56% | 24.37% | -14.43% | 35.39% |
FOCPX Fidelity OTC Portfolio | 22.78% | 22.21% | 38.95% | 42.64% | -32.08% | 24.94% | 46.75% | 39.20% | -3.30% | 38.61% |
Correlation
The correlation between EDEN and FOCPX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2012 | 0.52 |
The correlation between EDEN and FOCPX has been stable across timeframes, ranging from 0.43 to 0.53 - a consistent structural relationship.
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Return for Risk
EDEN vs. FOCPX — Risk / Return Rank
EDEN
FOCPX
EDEN vs. FOCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Denmark ETF (EDEN) and Fidelity OTC Portfolio (FOCPX). 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.
| EDEN | FOCPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.14 | ||
| Sortino ratioReturn per unit of downside risk | -3.79 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.47 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 4.68 | -5.01 |
| Martin ratioReturn relative to average drawdown | -0.72 | 19.87 | -20.59 |
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Drawdowns
EDEN vs. FOCPX - Drawdown Comparison
The maximum EDEN drawdown since its inception was -36.61%, smaller than the maximum FOCPX drawdown of -70.25%. Use the drawdown chart below to compare losses from any high point for EDEN and FOCPX.
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Drawdown Indicators
| EDEN | FOCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.61% | -70.25% | +33.64% |
Max Drawdown (1Y)Largest decline over 1 year | -21.17% | -11.29% | -9.88% |
Max Drawdown (3Y)Largest decline over 3 years | -29.31% | -24.82% | -4.49% |
Max Drawdown (5Y)Largest decline over 5 years | -36.61% | -37.05% | +0.44% |
Max Drawdown (10Y)Largest decline over 10 years | -36.61% | -37.05% | +0.44% |
Current DrawdownCurrent decline from peak | -13.55% | -4.42% | -9.13% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -17.00% | +9.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.27% | 2.65% | +7.62% |
Volatility
EDEN vs. FOCPX - Volatility Comparison
The current volatility for iShares MSCI Denmark ETF (EDEN) is 4.93%, while Fidelity OTC Portfolio (FOCPX) has a volatility of 8.13%. This indicates that EDEN experiences smaller price fluctuations and is considered to be less risky than FOCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDEN | FOCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 8.13% | -3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 15.72% | 15.35% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.90% | 18.86% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.25% | 22.83% | -2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.41% | 22.51% | -3.10% |
EDEN vs. FOCPX - Expense Ratio Comparison
EDEN has a 0.53% expense ratio, which is lower than FOCPX's 0.73% expense ratio.
Dividends
EDEN vs. FOCPX - Dividend Comparison
EDEN's dividend yield for the trailing twelve months is around 2.87%, less than FOCPX's 6.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | 2.87% | 2.79% | 1.50% | 1.92% | 1.47% | 0.74% | 0.42% | 2.36% | 2.01% | 2.03% | 1.28% | 1.46% |
FOCPX Fidelity OTC Portfolio | 6.33% | 7.78% | 16.76% | 0.05% | 4.06% | 11.53% | 6.23% | 7.58% | 7.93% | 4.86% | 3.24% | 5.41% |
Frequently Asked Questions
EDEN and FOCPX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FOCPX has higher volatility (8.13%) compared to EDEN (4.93%). In terms of maximum drawdown, EDEN dropped -36.61% vs FOCPX's -70.25%.
FOCPX currently has the higher Sharpe Ratio (2.80 vs -0.34), 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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