FOCKX vs. FOKFX

Last updated Jun 23, 2026

FOCKX (Fidelity OTC Portfolio Class K) and FOKFX (Fidelity OTC K6 Portfolio) are both Large Cap Growth Equities funds from Fidelity. Over the past 5 years, FOCKX returned 19.05%/yr vs 17.30%/yr for FOKFX. With a 1.00 correlation, they move nearly in lockstep. FOCKX charges 0.73%/yr vs 0.50%/yr for FOKFX.

Performance

FOCKX vs. FOKFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity OTC Portfolio Class K (FOCKX) and Fidelity OTC K6 Portfolio (FOKFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FOCKX achieves a 29.57% return, which is significantly higher than FOKFX's 26.16% return.

FOCKX

• 1D: 2.02%
• 1M: 5.85%
• YTD: 29.57%
• 6M: 29.94%
• 1Y: 60.92%
• 3Y*: 34.63%
• 5Y*: 19.05%
• 10Y*: 23.26%

FOKFX

• 1D: 2.48%
• 1M: 3.18%
• YTD: 26.16%
• 6M: 26.54%
• 1Y: 53.73%
• 3Y*: 31.28%
• 5Y*: 17.30%
• 10Y*: —

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

FOCKX vs. FOKFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FOCKX Fidelity OTC Portfolio Class K	29.57%	22.28%	38.91%	42.92%	-32.07%	25.06%	46.83%	17.59%
FOKFX Fidelity OTC K6 Portfolio	26.16%	20.30%	34.58%	43.48%	-32.32%	25.95%	47.52%	17.08%

Correlation

The correlation between FOCKX and FOKFX is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jun 13, 2019	1.00

The correlation between FOCKX and FOKFX has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.

Return for Risk

FOCKX vs. FOKFX — Risk / Return Rank

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

FOCKX

FOCKX Risk / Return Rank: 92
FOCKX Sharpe Ratio Rank: 96
FOCKX Sortino Ratio Rank: 87
FOCKX Omega Ratio Rank: 84
FOCKX Calmar Ratio Rank: 95
FOCKX Martin Ratio Rank: 97

FOKFX

FOKFX Risk / Return Rank: 84
FOKFX Sharpe Ratio Rank: 88
FOKFX Sortino Ratio Rank: 76
FOKFX Omega Ratio Rank: 76
FOKFX Calmar Ratio Rank: 90
FOKFX Martin Ratio Rank: 91

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.

FOCKX vs. FOKFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity OTC Portfolio Class K (FOCKX) and Fidelity OTC K6 Portfolio (FOKFX). 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.

	FOCKX	FOKFX	Difference
Sharpe ratio: Return per unit of total volatility	3.13	2.67	+0.46
Sortino ratio: Return per unit of downside risk	3.85	3.33	+0.52
Omega ratio: Gain probability vs. loss probability	1.53	1.45	+0.07
Calmar ratio: Return relative to maximum drawdown	5.40	4.28	+1.12
Martin ratio: Return relative to average drawdown	22.89	16.93	+5.96

FOCKX vs. FOKFX - Sharpe Ratio Comparison

The current FOCKX Sharpe Ratio is 3.13, which is comparable to the FOKFX Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of FOCKX and FOKFX, 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

FOCKX vs. FOKFX - Drawdown Comparison

The maximum FOCKX drawdown since its inception was -53.33%, which is greater than FOKFX's maximum drawdown of -37.26%. Use the drawdown chart below to compare losses from any high point for FOCKX and FOKFX.

Drawdown Indicators

	FOCKX	FOKFX	Difference
Max Drawdown Largest peak-to-trough decline	-53.33%	-37.26%	-16.07%
Max Drawdown (1Y) Largest decline over 1 year	-11.28%	-12.53%	+1.25%
Max Drawdown (3Y) Largest decline over 3 years	-24.83%	-24.81%	-0.02%
Max Drawdown (5Y) Largest decline over 5 years	-36.97%	-37.26%	+0.29%
Max Drawdown (10Y) Largest decline over 10 years	-36.97%	—	—
Current Drawdown Current decline from peak	-0.09%	-1.44%	+1.35%
Average Drawdown Average peak-to-trough decline	-8.36%	-9.16%	+0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	3.16%	-0.51%

Volatility

FOCKX vs. FOKFX - Volatility Comparison

Fidelity OTC Portfolio Class K (FOCKX) and Fidelity OTC K6 Portfolio (FOKFX) have volatilities of 8.83% and 9.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FOCKX	FOKFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.83%	9.02%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	15.86%	16.50%	-0.64%
Volatility (1Y) Calculated over the trailing 1-year period	19.46%	20.08%	-0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.94%	23.27%	-0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.58%	24.74%	-2.16%

FOCKX vs. FOKFX - Expense Ratio Comparison

FOCKX has a 0.73% expense ratio, which is higher than FOKFX's 0.50% expense ratio.

Dividends

FOCKX vs. FOKFX - Dividend Comparison

FOCKX's dividend yield for the trailing twelve months is around 5.83%, more than FOKFX's 3.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOCKX Fidelity OTC Portfolio Class K	5.83%	7.56%	16.42%	0.09%	3.97%	11.34%	6.18%	7.49%	7.81%	4.85%	3.25%	5.42%
FOKFX Fidelity OTC K6 Portfolio	3.33%	4.20%	4.58%	0.24%	0.08%	3.81%	0.39%	0.32%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FOCKX and FOKFX in my portfolio?

With a correlation of 0.98, FOCKX and FOKFX 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, FOCKX or FOKFX?

FOKFX has higher volatility (9.02%) compared to FOCKX (8.83%). In terms of maximum drawdown, FOCKX dropped -53.33% vs FOKFX's -37.26%.

Which has better risk-adjusted returns?

FOCKX currently has the higher Sharpe Ratio (3.13 vs 2.67), 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.