FMILX vs. FOCPX
Compare and contrast key facts about Fidelity New Millennium Fund (FMILX) and Fidelity OTC Portfolio (FOCPX).
FMILX is managed by Fidelity. It was launched on Dec 28, 1992. FOCPX is managed by Fidelity. It was launched on Dec 31, 1984.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMILX or FOCPX.
Key characteristics
| FMILX | FOCPX | |
|---|---|---|
| YTD Return | 30.92% | 32.00% |
| 1Y Return | 38.81% | 44.05% |
| 3Y Return (Ann) | 12.27% | 7.65% |
| 5Y Return (Ann) | 11.75% | 20.21% |
| 10Y Return (Ann) | 6.08% | 17.68% |
| Sharpe Ratio | 2.63 | 2.39 |
| Sortino Ratio | 3.43 | 3.08 |
| Omega Ratio | 1.49 | 1.43 |
| Calmar Ratio | 3.72 | 2.55 |
| Martin Ratio | 15.52 | 9.55 |
| Ulcer Index | 2.44% | 4.53% |
| Daily Std Dev | 14.42% | 18.13% |
| Max Drawdown | -56.03% | -94.80% |
| Current Drawdown | 0.00% | -0.18% |
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.
Performance
FMILX vs. FOCPX - Performance Comparison
The year-to-date returns for both investments are quite close, with FMILX having a 30.92% return and FOCPX slightly higher at 32.00%. Over the past 10 years, FMILX has underperformed FOCPX with an annualized return of 6.08%, while FOCPX has yielded a comparatively higher 17.68% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
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.
Dividends
FMILX vs. FOCPX - Dividend Comparison
FMILX's dividend yield for the trailing twelve months is around 0.23%, less than FOCPX's 10.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMILX Fidelity New Millennium Fund | 0.23% | 0.30% | 1.63% | 2.04% | 1.59% | 0.97% | 1.25% | 0.90% | 1.18% | 1.03% | 9.39% | 5.63% |
FOCPX Fidelity OTC Portfolio | 10.40% | 0.05% | 4.06% | 11.53% | 6.23% | 7.58% | 7.93% | 4.86% | 3.24% | 5.41% | 12.91% | 13.54% |
Drawdowns
FMILX vs. FOCPX - Drawdown Comparison
The maximum FMILX drawdown since its inception was -56.03%, smaller than the maximum FOCPX drawdown of -94.80%. Use the drawdown chart below to compare losses from any high point for FMILX and FOCPX. For additional features, visit the drawdowns tool.
Volatility
FMILX vs. FOCPX - Volatility Comparison
The current volatility for Fidelity New Millennium Fund (FMILX) is 4.12%, while Fidelity OTC Portfolio (FOCPX) has a volatility of 5.06%. 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.