FOCPX vs. FSSMX
FOCPX (Fidelity OTC Portfolio) and FSSMX (Fidelity Stock Selector Mid Cap Fund) are both mutual funds - FOCPX is a Large Cap Growth Equities fund actively managed by Fidelity, while FSSMX is a Mid Cap Blend Equities fund managed by Fidelity. Over the past 10 years, FOCPX returned 21.22%/yr vs 11.41%/yr for FSSMX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. FOCPX charges 0.73%/yr vs 0.79%/yr for FSSMX.
Performance
FOCPX vs. FSSMX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FOCPX having a 19.65% return and FSSMX slightly lower at 18.74%. Over the past 10 years, FOCPX has outperformed FSSMX with an annualized return of 21.22%, while FSSMX has yielded a comparatively lower 11.41% annualized return.
FOCPX
- 1D
- 1.25%
- 1M
- -4.03%
- 6M
- 16.48%
- YTD
- 19.65%
- 1Y
- 37.82%
- 3Y*
- 29.20%
- 5Y*
- 15.83%
- 10Y*
- 21.22%
- ALL TIME*
- 14.82%
FSSMX
- 1D
- 0.05%
- 1M
- -2.07%
- 6M
- 12.38%
- YTD
- 18.74%
- 1Y
- 18.25%
- 3Y*
- 12.00%
- 5Y*
- 7.79%
- 10Y*
- 11.41%
- ALL TIME*
- 11.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FOCPX vs. FSSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FOCPX Fidelity OTC Portfolio | 19.65% | 22.21% | 38.95% | 42.64% | -32.08% | 24.94% | 46.75% | 39.20% | -3.30% | 38.61% |
FSSMX Fidelity Stock Selector Mid Cap Fund | 18.74% | 2.35% | 12.50% | 17.16% | -13.90% | 23.25% | 13.03% | 29.57% | -7.70% | 19.54% |
Correlation
The correlation between FOCPX and FSSMX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2012 | 0.73 |
The correlation between FOCPX and FSSMX shifts across timeframes, from 0.61 (3 years) to 0.73 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FOCPX vs. FSSMX — Risk / Return Rank
FOCPX
FSSMX
FOCPX vs. FSSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity OTC Portfolio (FOCPX) and Fidelity Stock Selector Mid Cap Fund (FSSMX). 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 | FSSMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.18 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 1.72 | +1.41 |
| Martin ratioReturn relative to average drawdown | 10.63 | 5.44 | +5.18 |
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Drawdowns
FOCPX vs. FSSMX - Drawdown Comparison
The maximum FOCPX drawdown since its inception was -70.25%, which is greater than FSSMX's maximum drawdown of -43.37%. Use the drawdown chart below to compare losses from any high point for FOCPX and FSSMX.
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Drawdown Indicators
| FOCPX | FSSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.25% | -43.37% | -26.88% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -9.78% | -1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -24.82% | -22.82% | -2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -37.05% | -24.00% | -13.05% |
Max Drawdown (10Y)Largest decline over 10 years | -37.05% | -43.37% | +6.32% |
Current DrawdownCurrent decline from peak | -7.69% | -3.56% | -4.13% |
Average DrawdownAverage peak-to-trough decline | -16.96% | -5.04% | -11.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 3.10% | +0.21% |
Volatility
FOCPX vs. FSSMX - Volatility Comparison
Fidelity OTC Portfolio (FOCPX) has a higher volatility of 6.29% compared to Fidelity Stock Selector Mid Cap Fund (FSSMX) at 4.02%. This indicates that FOCPX's price experiences larger fluctuations and is considered to be riskier than FSSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FOCPX | FSSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 4.02% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 17.28% | 12.85% | +4.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.92% | 18.58% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.14% | 20.30% | +2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.59% | 21.12% | +1.47% |
FOCPX vs. FSSMX - Expense Ratio Comparison
FOCPX has a 0.73% expense ratio, which is lower than FSSMX's 0.79% expense ratio.
Dividends
FOCPX vs. FSSMX - Dividend Comparison
FOCPX's dividend yield for the trailing twelve months is around 6.50%, while FSSMX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOCPX Fidelity OTC Portfolio | 6.50% | 7.78% | 16.76% | 0.05% | 4.06% | 11.53% | 6.23% | 7.58% | 7.93% | 4.86% | 3.24% | 5.41% |
FSSMX Fidelity Stock Selector Mid Cap Fund | 0.00% | 0.00% | 3.10% | 0.78% | 9.73% | 12.87% | 2.31% | 4.03% | 21.01% | 4.12% | 0.92% | 1.84% |
Frequently Asked Questions
FOCPX and FSSMX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FOCPX has higher volatility (6.29%) compared to FSSMX (4.02%). In terms of maximum drawdown, FOCPX dropped -70.25% vs FSSMX's -43.37%.
FOCPX currently has the higher Sharpe Ratio (1.69 vs 0.91), 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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