FOCPX vs. FOCKX
FOCPX (Fidelity OTC Portfolio) and FOCKX (Fidelity OTC Portfolio Class K) are both Large Cap Growth Equities funds from Fidelity. Over the past 10 years, FOCPX returned 23.16%/yr vs 23.26%/yr for FOCKX. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.73% expense ratio.
Performance
FOCPX vs. FOCKX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FOCPX having a 29.53% return and FOCKX slightly higher at 29.57%. Both investments have delivered pretty close results over the past 10 years, with FOCPX having a 23.16% annualized return and FOCKX not far ahead at 23.26%.
FOCPX
- 1D
- 2.04%
- 1M
- 5.89%
- YTD
- 29.53%
- 6M
- 29.90%
- 1Y
- 60.78%
- 3Y*
- 34.57%
- 5Y*
- 18.97%
- 10Y*
- 23.16%
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%
FOCPX vs. FOCKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FOCPX Fidelity OTC Portfolio | 29.53% | 22.21% | 38.95% | 42.64% | -32.08% | 24.94% | 46.75% | 39.20% | -3.30% | 38.61% |
FOCKX Fidelity OTC Portfolio Class K | 29.57% | 22.28% | 38.91% | 42.92% | -32.07% | 25.06% | 46.83% | 39.36% | -3.18% | 38.78% |
Correlation
The correlation between FOCPX and FOCKX is 1.00 - 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 | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since May 9, 2008 | 1.00 |
The correlation between FOCPX and FOCKX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
FOCPX vs. FOCKX — Risk / Return Rank
FOCPX
FOCKX
FOCPX vs. FOCKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity OTC Portfolio (FOCPX) 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.
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.
| FOCPX | FOCKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.53 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 5.36 | 5.40 | -0.04 |
| Martin ratioReturn relative to average drawdown | 22.70 | 22.89 | -0.19 |
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Drawdowns
FOCPX vs. FOCKX - Drawdown Comparison
The maximum FOCPX drawdown since its inception was -70.25%, which is greater than FOCKX's maximum drawdown of -53.33%. Use the drawdown chart below to compare losses from any high point for FOCPX and FOCKX.
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Drawdown Indicators
| FOCPX | FOCKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.25% | -53.33% | -16.92% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -11.28% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -24.82% | -24.83% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -37.05% | -36.97% | -0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -37.05% | -36.97% | -0.08% |
Current DrawdownCurrent decline from peak | -0.06% | -0.09% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -16.99% | -8.36% | -8.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 2.65% | +0.01% |
Volatility
FOCPX vs. FOCKX - Volatility Comparison
Fidelity OTC Portfolio (FOCPX) and Fidelity OTC Portfolio Class K (FOCKX) have volatilities of 8.83% and 8.83%, 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.
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Volatility by Period
| FOCPX | FOCKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.83% | 8.83% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 15.82% | 15.86% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.37% | 19.46% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 22.94% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.56% | 22.58% | -0.02% |
FOCPX vs. FOCKX - Expense Ratio Comparison
Both FOCPX and FOCKX have an expense ratio of 0.73%.
Dividends
FOCPX vs. FOCKX - Dividend Comparison
FOCPX's dividend yield for the trailing twelve months is around 6.00%, more than FOCKX's 5.83% 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% |
FOCPX Fidelity OTC Portfolio | 6.00% | 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
With a correlation of 1.00, FOCPX 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.
FOCKX has higher volatility (8.83%) compared to FOCPX (8.83%). In terms of maximum drawdown, FOCPX dropped -70.25% vs FOCKX's -53.33%.
FOCKX currently has the higher Sharpe Ratio (3.13 vs 3.13), 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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