FGCKX vs. FOCKX

Last updated Jun 4, 2026

FGCKX (Fidelity Growth Company K) and FOCKX (Fidelity OTC Portfolio Class K) are both Large Cap Growth Equities funds from Fidelity. Over the past 10 years, FGCKX returned 23.10%/yr vs 22.74%/yr for FOCKX. With a 0.96 correlation, they move nearly in lockstep. FGCKX charges 0.65%/yr vs 0.73%/yr for FOCKX.

Performance

FGCKX vs. FOCKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Growth Company K (FGCKX) 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, FGCKX achieves a 23.78% return, which is significantly lower than FOCKX's 27.65% return. Both investments have delivered pretty close results over the past 10 years, with FGCKX having a 23.10% annualized return and FOCKX not far behind at 22.74%.

FGCKX

• 1D: 0.05%
• 1M: 8.79%
• YTD: 23.78%
• 6M: 20.00%
• 1Y: 48.64%
• 3Y*: 31.78%
• 5Y*: 17.62%
• 10Y*: 23.10%

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)

FGCKX vs. FOCKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGCKX Fidelity Growth Company K	23.78%	18.67%	37.30%	47.35%	-33.82%	22.62%	67.61%	38.50%	-4.07%	36.89%
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 FGCKX and FOCKX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since May 12, 2008	0.96

The correlation between FGCKX and FOCKX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

FGCKX vs. FOCKX — Risk / Return Rank

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

FGCKX

FGCKX Risk / Return Rank: 77
FGCKX Sharpe Ratio Rank: 85
FGCKX Sortino Ratio Rank: 65
FGCKX Omega Ratio Rank: 68
FGCKX Calmar Ratio Rank: 85
FGCKX Martin Ratio Rank: 81

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.

FGCKX vs. FOCKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Company K (FGCKX) 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.

	FGCKX	FOCKX	Difference
Sharpe ratio: Return per unit of total volatility	2.75	3.56	-0.81
Sortino ratio: Return per unit of downside risk	3.36	4.41	-1.05
Omega ratio: Gain probability vs. loss probability	1.46	1.59	-0.13
Calmar ratio: Return relative to maximum drawdown	4.03	5.61	-1.58
Martin ratio: Return relative to average drawdown	15.19	24.83	-9.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGCKX vs. FOCKX - Sharpe Ratio Comparison

The current FGCKX Sharpe Ratio is 2.75, which is comparable to the FOCKX Sharpe Ratio of 3.56. The chart below compares the historical Sharpe Ratios of FGCKX 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

	FGCKX	FOCKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.75	3.56	-0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.87	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.99	1.02	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.74	-0.02

Drawdowns

FGCKX vs. FOCKX - Drawdown Comparison

The maximum FGCKX drawdown since its inception was -51.01%, roughly equal to the maximum FOCKX drawdown of -53.33%. Use the drawdown chart below to compare losses from any high point for FGCKX and FOCKX.

Drawdown Indicators

	FGCKX	FOCKX	Difference
Max Drawdown Largest peak-to-trough decline	-51.01%	-53.33%	+2.32%
Max Drawdown (1Y) Largest decline over 1 year	-12.55%	-11.28%	-1.27%
Max Drawdown (3Y) Largest decline over 3 years	-26.20%	-24.83%	-1.37%
Max Drawdown (5Y) Largest decline over 5 years	-40.21%	-36.97%	-3.24%
Max Drawdown (10Y) Largest decline over 10 years	-40.21%	-36.97%	-3.24%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.96%	-8.38%	-0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	2.54%	+0.78%

Volatility

FGCKX vs. FOCKX - Volatility Comparison

The current volatility for Fidelity Growth Company K (FGCKX) is 4.39%, while Fidelity OTC Portfolio Class K (FOCKX) has a volatility of 5.39%. This indicates that FGCKX experiences smaller price fluctuations and is considered to be less risky than FOCKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGCKX	FOCKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	5.39%	-1.00%
Volatility (6M) Calculated over the trailing 6-month period	14.40%	13.94%	+0.46%
Volatility (1Y) Calculated over the trailing 1-year period	18.43%	17.79%	+0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.02%	22.68%	+1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.43%	22.46%	+0.97%

FGCKX vs. FOCKX - Expense Ratio Comparison

FGCKX has a 0.65% expense ratio, which is lower than FOCKX's 0.73% expense ratio.

Dividends

FGCKX vs. FOCKX - Dividend Comparison

FGCKX 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
FGCKX Fidelity Growth Company K	0.00%	0.00%	8.80%	3.81%	7.16%	10.63%	8.83%	3.84%	6.38%	4.73%	6.20%	3.96%
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 FGCKX and FOCKX in my portfolio?

With a correlation of 0.95, FGCKX 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, FGCKX or FOCKX?

FOCKX has higher volatility (5.39%) compared to FGCKX (4.39%). In terms of maximum drawdown, FGCKX dropped -51.01% vs FOCKX's -53.33%.

Which has better risk-adjusted returns?

FOCKX currently has the higher Sharpe Ratio (3.56 vs 2.75), 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.