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FMILX vs. FOCPX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FMILX and FOCPX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.0
Correlation: 0.9

Performance

FMILX vs. FOCPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity New Millennium Fund (FMILX) and Fidelity OTC Portfolio (FOCPX). The values are adjusted to include any dividend payments, if applicable.

2,500.00%3,000.00%3,500.00%4,000.00%4,500.00%5,000.00%5,500.00%6,000.00%December2025FebruaryMarchAprilMay
3,096.86%
4,883.31%
FMILX
FOCPX

Key characteristics

Sharpe Ratio

FMILX:

0.43

FOCPX:

0.48

Sortino Ratio

FMILX:

0.72

FOCPX:

0.81

Omega Ratio

FMILX:

1.10

FOCPX:

1.11

Calmar Ratio

FMILX:

0.41

FOCPX:

0.49

Martin Ratio

FMILX:

1.37

FOCPX:

1.50

Ulcer Index

FMILX:

6.61%

FOCPX:

8.09%

Daily Std Dev

FMILX:

21.26%

FOCPX:

25.48%

Max Drawdown

FMILX:

-56.03%

FOCPX:

-69.01%

Current Drawdown

FMILX:

-11.02%

FOCPX:

-13.66%

Returns By Period

In the year-to-date period, FMILX achieves a -4.01% return, which is significantly higher than FOCPX's -9.59% return. Over the past 10 years, FMILX has underperformed FOCPX with an annualized return of 4.58%, while FOCPX has yielded a comparatively higher 15.75% annualized return.


FMILX

YTD

-4.01%

1M

12.72%

6M

-3.91%

1Y

6.56%

5Y*

15.74%

10Y*

4.58%

FOCPX

YTD

-9.59%

1M

13.05%

6M

-3.02%

1Y

8.10%

5Y*

16.87%

10Y*

15.75%

*Annualized

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FMILX vs. FOCPX - Expense Ratio Comparison

FMILX has a 0.59% expense ratio, which is lower than FOCPX's 0.80% expense ratio.


Expense ratio chart for FOCPX: current value is 0.80%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FOCPX: 0.80%
Expense ratio chart for FMILX: current value is 0.59%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FMILX: 0.59%

Risk-Adjusted Performance

FMILX vs. FOCPX — Risk-Adjusted Performance Rank

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

FMILX
The Risk-Adjusted Performance Rank of FMILX is 4242
Overall Rank
The Sharpe Ratio Rank of FMILX is 4040
Sharpe Ratio Rank
The Sortino Ratio Rank of FMILX is 4141
Sortino Ratio Rank
The Omega Ratio Rank of FMILX is 4242
Omega Ratio Rank
The Calmar Ratio Rank of FMILX is 4747
Calmar Ratio Rank
The Martin Ratio Rank of FMILX is 4040
Martin Ratio Rank

FOCPX
The Risk-Adjusted Performance Rank of FOCPX is 4545
Overall Rank
The Sharpe Ratio Rank of FOCPX is 4343
Sharpe Ratio Rank
The Sortino Ratio Rank of FOCPX is 4545
Sortino Ratio Rank
The Omega Ratio Rank of FOCPX is 4444
Omega Ratio Rank
The Calmar Ratio Rank of FOCPX is 5353
Calmar Ratio Rank
The Martin Ratio Rank of FOCPX is 4242
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FMILX vs. FOCPX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity New Millennium Fund (FMILX) 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.


The chart of Sharpe ratio for FMILX, currently valued at 0.43, compared to the broader market-1.000.001.002.003.00
FMILX: 0.43
FOCPX: 0.48
The chart of Sortino ratio for FMILX, currently valued at 0.72, compared to the broader market-2.000.002.004.006.008.00
FMILX: 0.72
FOCPX: 0.81
The chart of Omega ratio for FMILX, currently valued at 1.10, compared to the broader market0.501.001.502.002.503.00
FMILX: 1.10
FOCPX: 1.11
The chart of Calmar ratio for FMILX, currently valued at 0.41, compared to the broader market0.002.004.006.008.0010.00
FMILX: 0.41
FOCPX: 0.49
The chart of Martin ratio for FMILX, currently valued at 1.37, compared to the broader market0.0010.0020.0030.0040.00
FMILX: 1.37
FOCPX: 1.50

The current FMILX Sharpe Ratio is 0.43, which is comparable to the FOCPX Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of FMILX and FOCPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2025FebruaryMarchAprilMay
0.43
0.48
FMILX
FOCPX

Dividends

FMILX vs. FOCPX - Dividend Comparison

FMILX's dividend yield for the trailing twelve months is around 0.21%, less than FOCPX's 15.05% yield.


TTM20242023202220212020201920182017201620152014
FMILX
Fidelity New Millennium Fund
0.21%0.20%0.30%1.63%2.04%1.59%0.97%1.25%0.90%1.18%1.03%9.39%
FOCPX
Fidelity OTC Portfolio
15.05%13.61%0.05%4.06%11.53%6.23%7.58%7.93%4.86%3.24%5.41%12.91%

Drawdowns

FMILX vs. FOCPX - Drawdown Comparison

The maximum FMILX drawdown since its inception was -56.03%, smaller than the maximum FOCPX drawdown of -69.01%. Use the drawdown chart below to compare losses from any high point for FMILX and FOCPX. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-11.02%
-13.66%
FMILX
FOCPX

Volatility

FMILX vs. FOCPX - Volatility Comparison

The current volatility for Fidelity New Millennium Fund (FMILX) is 13.07%, while Fidelity OTC Portfolio (FOCPX) has a volatility of 14.77%. This indicates that FMILX 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.


5.00%10.00%15.00%December2025FebruaryMarchAprilMay
13.07%
14.77%
FMILX
FOCPX