FOCPX vs. IOO
FOCPX (Fidelity OTC Portfolio) and IOO (iShares Global 100 ETF) are both funds - FOCPX is a Large Cap Growth Equities fund actively managed by Fidelity, while IOO is a Global Equities fund tracking the S&P Global 100 Index (Net). FOCPX is actively managed, while IOO is passively managed. Over the past 10 years, FOCPX returned 22.02%/yr vs 16.53%/yr for IOO. Their correlation of 0.81 suggests significant overlap in exposure. FOCPX charges 0.73%/yr vs 0.40%/yr for IOO.
Performance
FOCPX vs. IOO - Performance Comparison
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Returns By Period
In the year-to-date period, FOCPX achieves a 21.95% return, which is significantly higher than IOO's 9.70% return. Over the past 10 years, FOCPX has outperformed IOO with an annualized return of 22.02%, while IOO has yielded a comparatively lower 16.53% annualized return.
FOCPX
- 1D
- -5.07%
- 1M
- 0.14%
- YTD
- 21.95%
- 6M
- 20.43%
- 1Y
- 51.59%
- 3Y*
- 32.83%
- 5Y*
- 18.08%
- 10Y*
- 22.02%
IOO
- 1D
- 0.27%
- 1M
- -0.80%
- YTD
- 9.70%
- 6M
- 9.96%
- 1Y
- 33.76%
- 3Y*
- 24.64%
- 5Y*
- 16.11%
- 10Y*
- 16.53%
FOCPX vs. IOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FOCPX Fidelity OTC Portfolio | 21.95% | 22.21% | 38.95% | 42.64% | -32.08% | 24.94% | 46.75% | 39.20% | -3.30% | 38.61% |
IOO iShares Global 100 ETF | 9.70% | 27.02% | 26.54% | 27.71% | -16.34% | 26.03% | 18.61% | 30.01% | -6.22% | 23.56% |
Correlation
The correlation between FOCPX and IOO is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2000 | 0.81 |
The correlation between FOCPX and IOO shifts across timeframes, from 0.81 (all time) to 0.93 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FOCPX vs. IOO — Risk / Return Rank
FOCPX
IOO
FOCPX vs. IOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity OTC Portfolio (FOCPX) and iShares Global 100 ETF (IOO). 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 | IOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.44 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.77 | 3.41 | +1.36 |
| Martin ratioReturn relative to average drawdown | 20.93 | 15.65 | +5.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FOCPX | IOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.92 | 2.45 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.95 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | 0.93 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.39 | +0.27 |
Drawdowns
FOCPX vs. IOO - Drawdown Comparison
The maximum FOCPX drawdown since its inception was -70.25%, which is greater than IOO's maximum drawdown of -55.85%. Use the drawdown chart below to compare losses from any high point for FOCPX and IOO.
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Drawdown Indicators
| FOCPX | IOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.25% | -55.85% | -14.40% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -9.94% | -1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -24.82% | -19.19% | -5.63% |
Max Drawdown (5Y)Largest decline over 5 years | -37.05% | -23.52% | -13.53% |
Max Drawdown (10Y)Largest decline over 10 years | -37.05% | -31.43% | -5.62% |
Current DrawdownCurrent decline from peak | -5.07% | -3.57% | -1.50% |
Average DrawdownAverage peak-to-trough decline | -17.00% | -11.27% | -5.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.16% | +0.41% |
Volatility
FOCPX vs. IOO - Volatility Comparison
Fidelity OTC Portfolio (FOCPX) has a higher volatility of 7.39% compared to iShares Global 100 ETF (IOO) at 4.47%. This indicates that FOCPX's price experiences larger fluctuations and is considered to be riskier than IOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FOCPX | IOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.39% | 4.47% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 14.89% | 11.04% | +3.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.47% | 13.88% | +4.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.75% | 17.09% | +5.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.49% | 17.80% | +4.69% |
FOCPX vs. IOO - Expense Ratio Comparison
FOCPX has a 0.73% expense ratio, which is higher than IOO's 0.40% expense ratio.
Dividends
FOCPX vs. IOO - Dividend Comparison
FOCPX's dividend yield for the trailing twelve months is around 6.38%, more than IOO's 0.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOCPX Fidelity OTC Portfolio | 6.38% | 7.78% | 16.76% | 0.05% | 4.06% | 11.53% | 6.23% | 7.58% | 7.93% | 4.86% | 3.24% | 5.41% |
IOO iShares Global 100 ETF | 0.84% | 0.92% | 1.08% | 1.49% | 2.00% | 1.53% | 1.49% | 2.02% | 2.54% | 2.23% | 2.75% | 2.89% |
Frequently Asked Questions
With a correlation of 0.91, FOCPX and IOO 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.
FOCPX has higher volatility (7.39%) compared to IOO (4.47%). In terms of maximum drawdown, FOCPX dropped -70.25% vs IOO's -55.85%.
FOCPX currently has the higher Sharpe Ratio (2.92 vs 2.45), 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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