FOCPX vs. FUMIX

Last updated Jun 24, 2026

FOCPX (Fidelity OTC Portfolio) and FUMIX (Fidelity SAI U.S. Momentum Index Fund) are both Large Cap Growth Equities funds from Fidelity. Over the past 5 years, FOCPX returned 18.07%/yr vs 17.37%/yr for FUMIX. Their correlation of 0.85 suggests significant overlap in exposure. FOCPX charges 0.73%/yr vs 0.11%/yr for FUMIX.

Performance

FOCPX vs. FUMIX - Performance Comparison

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

Returns By Period

In the year-to-date period, FOCPX achieves a 27.02% return, which is significantly lower than FUMIX's 32.63% return.

FOCPX

• 1D: -1.94%
• 1M: 3.84%
• YTD: 27.02%
• 6M: 26.34%
• 1Y: 56.84%
• 3Y*: 34.18%
• 5Y*: 18.07%
• 10Y*: 23.35%

FUMIX

• 1D: 1.37%
• 1M: 9.64%
• YTD: 32.63%
• 6M: 30.51%
• 1Y: 40.33%
• 3Y*: 33.62%
• 5Y*: 17.37%
• 10Y*: —

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

FOCPX vs. FUMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FOCPX Fidelity OTC Portfolio	27.02%	22.21%	38.95%	42.64%	-32.08%	24.94%	46.75%	39.20%	-3.30%	29.04%
FUMIX Fidelity SAI U.S. Momentum Index Fund	32.63%	17.01%	33.39%	14.67%	-15.79%	22.56%	29.92%	24.16%	-1.41%	22.71%

Correlation

The correlation between FOCPX and FUMIX is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Feb 9, 2017	0.85

The correlation between FOCPX and FUMIX has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.

Return for Risk

FOCPX vs. FUMIX — Risk / Return Rank

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

FOCPX

FOCPX Risk / Return Rank: 90
FOCPX Sharpe Ratio Rank: 94
FOCPX Sortino Ratio Rank: 84
FOCPX Omega Ratio Rank: 82
FOCPX Calmar Ratio Rank: 94
FOCPX Martin Ratio Rank: 96

FUMIX

FUMIX Risk / Return Rank: 78
FUMIX Sharpe Ratio Rank: 75
FUMIX Sortino Ratio Rank: 68
FUMIX Omega Ratio Rank: 68
FUMIX Calmar Ratio Rank: 86
FUMIX Martin Ratio Rank: 92

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. FUMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity OTC Portfolio (FOCPX) and Fidelity SAI U.S. Momentum Index Fund (FUMIX). 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	FUMIX	Difference
Sharpe ratio: Return per unit of total volatility	2.97	2.31	+0.66
Sortino ratio: Return per unit of downside risk	3.68	3.13	+0.55
Omega ratio: Gain probability vs. loss probability	1.50	1.42	+0.08
Calmar ratio: Return relative to maximum drawdown	5.13	3.89	+1.24
Martin ratio: Return relative to average drawdown	21.70	17.44	+4.26

FOCPX vs. FUMIX - Sharpe Ratio Comparison

The current FOCPX Sharpe Ratio is 2.97, which is comparable to the FUMIX Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of FOCPX and FUMIX, 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

FOCPX vs. FUMIX - Drawdown Comparison

The maximum FOCPX drawdown since its inception was -70.25%, which is greater than FUMIX's maximum drawdown of -33.36%. Use the drawdown chart below to compare losses from any high point for FOCPX and FUMIX.

Drawdown Indicators

	FOCPX	FUMIX	Difference
Max Drawdown Largest peak-to-trough decline	-70.25%	-33.36%	-36.89%
Max Drawdown (1Y) Largest decline over 1 year	-11.29%	-10.99%	-0.30%
Max Drawdown (3Y) Largest decline over 3 years	-24.82%	-19.90%	-4.92%
Max Drawdown (5Y) Largest decline over 5 years	-37.05%	-27.66%	-9.39%
Max Drawdown (10Y) Largest decline over 10 years	-37.05%	—	—
Current Drawdown Current decline from peak	-2.00%	0.00%	-2.00%
Average Drawdown Average peak-to-trough decline	-16.99%	-6.29%	-10.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	2.44%	+0.22%

Volatility

FOCPX vs. FUMIX - Volatility Comparison

Fidelity OTC Portfolio (FOCPX) has a higher volatility of 9.00% compared to Fidelity SAI U.S. Momentum Index Fund (FUMIX) at 7.70%. This indicates that FOCPX's price experiences larger fluctuations and is considered to be riskier than FUMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FOCPX	FUMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.00%	7.70%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	15.82%	16.10%	-0.28%
Volatility (1Y) Calculated over the trailing 1-year period	19.52%	18.50%	+1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.94%	21.38%	+1.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.57%	21.83%	+0.74%

FOCPX vs. FUMIX - Expense Ratio Comparison

FOCPX has a 0.73% expense ratio, which is higher than FUMIX's 0.11% expense ratio.

Dividends

FOCPX vs. FUMIX - Dividend Comparison

FOCPX's dividend yield for the trailing twelve months is around 6.12%, more than FUMIX's 2.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOCPX Fidelity OTC Portfolio	6.12%	7.78%	16.76%	0.05%	4.06%	11.53%	6.23%	7.58%	7.93%	4.86%	3.24%	5.41%
FUMIX Fidelity SAI U.S. Momentum Index Fund	2.09%	2.77%	5.89%	18.09%	2.10%	20.67%	8.68%	2.09%	3.84%	0.88%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FOCPX and FUMIX in my portfolio?

FOCPX and FUMIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FOCPX or FUMIX?

FOCPX has higher volatility (9.00%) compared to FUMIX (7.70%). In terms of maximum drawdown, FOCPX dropped -70.25% vs FUMIX's -33.36%.

Which has better risk-adjusted returns?

FOCPX currently has the higher Sharpe Ratio (2.97 vs 2.31), 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.