FOCPX vs. LVHI

Last updated Jun 9, 2026

FOCPX (Fidelity OTC Portfolio) and LVHI (Franklin International Low Volatility High Dividend Index ETF) are both funds - FOCPX is a Large Cap Growth Equities fund actively managed by Fidelity, while LVHI is a Volatility Hedged Equity fund tracking the Franklin International Low Volatility High Dividend Hedged Index-NR. FOCPX is actively managed, while LVHI is passively managed. Over the past 5 years, FOCPX returned 18.08%/yr vs 15.67%/yr for LVHI. At a 0.44 correlation, their price movements are largely independent. FOCPX charges 0.73%/yr vs 0.40%/yr for LVHI.

Performance

FOCPX vs. LVHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity OTC Portfolio (FOCPX) and Franklin International Low Volatility High Dividend Index ETF (LVHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FOCPX achieves a 21.95% return, which is significantly higher than LVHI's 11.45% 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%

LVHI

• 1D: 0.37%
• 1M: 0.77%
• YTD: 11.45%
• 6M: 13.55%
• 1Y: 29.27%
• 3Y*: 20.97%
• 5Y*: 15.67%
• 10Y*: —

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

FOCPX vs. LVHI - 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%
LVHI Franklin International Low Volatility High Dividend Index ETF	11.45%	27.12%	14.81%	17.45%	3.84%	18.19%	-8.76%	18.35%	-5.22%	12.26%

Correlation

The correlation between FOCPX and LVHI is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jul 28, 2016	0.44

The correlation between FOCPX and LVHI shifts across timeframes, from 0.29 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FOCPX vs. LVHI — Risk / Return Rank

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

FOCPX

FOCPX Risk / Return Rank: 86
FOCPX Sharpe Ratio Rank: 90
FOCPX Sortino Ratio Rank: 77
FOCPX Omega Ratio Rank: 78
FOCPX Calmar Ratio Rank: 92
FOCPX Martin Ratio Rank: 95

LVHI

LVHI Risk / Return Rank: 92
LVHI Sharpe Ratio Rank: 93
LVHI Sortino Ratio Rank: 93
LVHI Omega Ratio Rank: 93
LVHI Calmar Ratio Rank: 89
LVHI Martin Ratio Rank: 91

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. LVHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity OTC Portfolio (FOCPX) and Franklin International Low Volatility High Dividend Index ETF (LVHI). 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	LVHI	Difference
Sharpe ratio: Return per unit of total volatility	2.92	3.10	-0.18
Sortino ratio: Return per unit of downside risk	3.58	4.24	-0.66
Omega ratio: Gain probability vs. loss probability	1.50	1.58	-0.08
Calmar ratio: Return relative to maximum drawdown	4.77	4.84	-0.07
Martin ratio: Return relative to average drawdown	20.93	19.99	+0.94
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. LVHI - Sharpe Ratio Comparison

The current FOCPX Sharpe Ratio is 2.92, which is comparable to the LVHI Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of FOCPX and LVHI, 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	LVHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.92	3.10	-0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	1.42	-0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.98	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.81	-0.16

Drawdowns

FOCPX vs. LVHI - Drawdown Comparison

The maximum FOCPX drawdown since its inception was -70.25%, which is greater than LVHI's maximum drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for FOCPX and LVHI.

Drawdown Indicators

	FOCPX	LVHI	Difference
Max Drawdown Largest peak-to-trough decline	-70.25%	-32.31%	-37.94%
Max Drawdown (1Y) Largest decline over 1 year	-11.29%	-6.08%	-5.21%
Max Drawdown (3Y) Largest decline over 3 years	-24.82%	-11.99%	-12.83%
Max Drawdown (5Y) Largest decline over 5 years	-37.05%	-11.99%	-25.06%
Max Drawdown (10Y) Largest decline over 10 years	-37.05%	—	—
Current Drawdown Current decline from peak	-5.07%	-1.79%	-3.28%
Average Drawdown Average peak-to-trough decline	-17.00%	-3.52%	-13.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	1.47%	+1.10%

Volatility

FOCPX vs. LVHI - Volatility Comparison

Fidelity OTC Portfolio (FOCPX) has a higher volatility of 7.39% compared to Franklin International Low Volatility High Dividend Index ETF (LVHI) at 2.35%. This indicates that FOCPX's price experiences larger fluctuations and is considered to be riskier than LVHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FOCPX	LVHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.39%	2.35%	+5.04%
Volatility (6M) Calculated over the trailing 6-month period	14.89%	7.58%	+7.31%
Volatility (1Y) Calculated over the trailing 1-year period	18.47%	9.50%	+8.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.75%	11.07%	+11.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.49%	13.76%	+8.73%

FOCPX vs. LVHI - Expense Ratio Comparison

FOCPX has a 0.73% expense ratio, which is higher than LVHI's 0.40% expense ratio.

Dividends

FOCPX vs. LVHI - Dividend Comparison

FOCPX's dividend yield for the trailing twelve months is around 6.38%, more than LVHI's 4.79% 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%
LVHI Franklin International Low Volatility High Dividend Index ETF	4.79%	4.92%	3.98%	8.12%	7.74%	4.13%	3.97%	6.67%	10.67%	3.38%	2.02%	0.00%

Frequently Asked Questions

Can I hold both FOCPX and LVHI in my portfolio?

FOCPX and LVHI have a correlation of 0.29, 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 LVHI?

FOCPX has higher volatility (7.39%) compared to LVHI (2.35%). In terms of maximum drawdown, FOCPX dropped -70.25% vs LVHI's -32.31%.

Which has better risk-adjusted returns?

LVHI currently has the higher Sharpe Ratio (3.10 vs 2.92), 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.