FOCPX vs. FTRNX

Last updated Jun 4, 2026

FOCPX (Fidelity OTC Portfolio) and FTRNX (Fidelity Trend Fund) are both Large Cap Growth Equities funds from Fidelity. Over the past 10 years, FOCPX returned 22.63%/yr vs 19.47%/yr for FTRNX. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.73% expense ratio.

Performance

FOCPX vs. FTRNX - Performance Comparison

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

Returns By Period

In the year-to-date period, FOCPX achieves a 27.59% return, which is significantly higher than FTRNX's 18.98% return. Over the past 10 years, FOCPX has outperformed FTRNX with an annualized return of 22.63%, while FTRNX has yielded a comparatively lower 19.47% annualized return.

FOCPX

• 1D: 0.78%
• 1M: 10.68%
• YTD: 27.59%
• 6M: 28.74%
• 1Y: 61.90%
• 3Y*: 34.85%
• 5Y*: 19.55%
• 10Y*: 22.63%

FTRNX

• 1D: 0.94%
• 1M: 9.47%
• YTD: 18.98%
• 6M: 18.78%
• 1Y: 39.06%
• 3Y*: 31.25%
• 5Y*: 18.03%
• 10Y*: 19.47%

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

FOCPX vs. FTRNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FOCPX Fidelity OTC Portfolio	27.59%	22.21%	38.95%	42.64%	-32.08%	24.94%	46.75%	39.20%	-3.30%	38.61%
FTRNX Fidelity Trend Fund	18.98%	18.77%	40.43%	44.39%	-33.66%	22.86%	47.01%	36.12%	-5.48%	29.09%

Correlation

The correlation between FOCPX and FTRNX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jan 2, 1985	0.90

The correlation between FOCPX and FTRNX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.

Return for Risk

FOCPX vs. FTRNX — Risk / Return Rank

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

FOCPX

FOCPX Risk / Return Rank: 93
FOCPX Sharpe Ratio Rank: 96
FOCPX Sortino Ratio Rank: 90
FOCPX Omega Ratio Rank: 87
FOCPX Calmar Ratio Rank: 94
FOCPX Martin Ratio Rank: 96

FTRNX

FTRNX Risk / Return Rank: 45
FTRNX Sharpe Ratio Rank: 47
FTRNX Sortino Ratio Rank: 40
FTRNX Omega Ratio Rank: 42
FTRNX Calmar Ratio Rank: 50
FTRNX Martin Ratio Rank: 47

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.

FOCPX vs. FTRNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity OTC Portfolio (FOCPX) and Fidelity Trend Fund (FTRNX). 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.

	FOCPX	FTRNX	Difference
Sharpe ratio: Return per unit of total volatility	3.55	2.02	+1.53
Sortino ratio: Return per unit of downside risk	4.40	2.66	+1.74
Omega ratio: Gain probability vs. loss probability	1.59	1.35	+0.24
Calmar ratio: Return relative to maximum drawdown	5.57	2.71	+2.85
Martin ratio: Return relative to average drawdown	24.59	9.79	+14.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FOCPX vs. FTRNX - Sharpe Ratio Comparison

The current FOCPX Sharpe Ratio is 3.55, which is higher than the FTRNX Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of FOCPX and FTRNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FOCPX	FTRNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.55	2.02	+1.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.69	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.01	0.81	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.57	+0.09

Drawdowns

FOCPX vs. FTRNX - Drawdown Comparison

The maximum FOCPX drawdown since its inception was -70.25%, which is greater than FTRNX's maximum drawdown of -56.26%. Use the drawdown chart below to compare losses from any high point for FOCPX and FTRNX.

Drawdown Indicators

	FOCPX	FTRNX	Difference
Max Drawdown Largest peak-to-trough decline	-70.25%	-56.26%	-13.99%
Max Drawdown (1Y) Largest decline over 1 year	-11.29%	-14.92%	+3.63%
Max Drawdown (3Y) Largest decline over 3 years	-24.82%	-32.97%	+8.15%
Max Drawdown (5Y) Largest decline over 5 years	-37.05%	-39.05%	+2.00%
Max Drawdown (10Y) Largest decline over 10 years	-37.05%	-39.05%	+2.00%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-17.01%	-10.55%	-6.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	4.12%	-1.57%

Volatility

FOCPX vs. FTRNX - Volatility Comparison

The current volatility for Fidelity OTC Portfolio (FOCPX) is 5.41%, while Fidelity Trend Fund (FTRNX) has a volatility of 6.17%. This indicates that FOCPX experiences smaller price fluctuations and is considered to be less risky than FTRNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FOCPX	FTRNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.41%	6.17%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	13.89%	15.55%	-1.66%
Volatility (1Y) Calculated over the trailing 1-year period	17.71%	20.01%	-2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.66%	26.38%	-3.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.44%	24.03%	-1.59%

FOCPX vs. FTRNX - Expense Ratio Comparison

Both FOCPX and FTRNX have an expense ratio of 0.73%.

Dividends

FOCPX vs. FTRNX - Dividend Comparison

FOCPX's dividend yield for the trailing twelve months is around 6.09%, more than FTRNX's 5.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOCPX Fidelity OTC Portfolio	6.09%	7.78%	16.76%	0.05%	4.06%	11.53%	6.23%	7.58%	7.93%	4.86%	3.24%	5.41%
FTRNX Fidelity Trend Fund	5.40%	8.23%	15.26%	4.69%	5.34%	7.80%	4.44%	9.65%	8.30%	8.62%	5.25%	6.44%

Frequently Asked Questions

Can I hold both FOCPX and FTRNX in my portfolio?

With a correlation of 0.92, FOCPX and FTRNX 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, FOCPX or FTRNX?

FTRNX has higher volatility (6.17%) compared to FOCPX (5.41%). In terms of maximum drawdown, FOCPX dropped -70.25% vs FTRNX's -56.26%.

Which has better risk-adjusted returns?

FOCPX currently has the higher Sharpe Ratio (3.55 vs 2.02), 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.