FOCSX vs. BPAVX

Last updated Aug 1, 2026

FOCSX (Fidelity Small Cap Growth K6 Fund) and BPAVX (Boston Partners All Cap Value Fund) are both mutual funds - FOCSX is a Small Cap Growth Equities fund managed by Fidelity, while BPAVX is a Large Cap Value Equities fund managed by Boston Partners. Over the past 5 years, FOCSX returned 8.23%/yr vs 11.48%/yr for BPAVX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. FOCSX charges 0.60%/yr vs 1.05%/yr for BPAVX.

Performance

FOCSX vs. BPAVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Small Cap Growth K6 Fund (FOCSX) and Boston Partners All Cap Value Fund (BPAVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FOCSX achieves a 21.12% return, which is significantly higher than BPAVX's 15.69% return.

FOCSX

• 1D: 2.50%
• 1M: -3.15%
• 6M: 16.48%
• YTD: 21.12%
• 1Y: 36.84%
• 3Y*: 19.14%
• 5Y*: 8.23%
• 10Y*: —
• ALL TIME*: 14.11%

BPAVX

• 1D: -0.24%
• 1M: 1.94%
• 6M: 12.92%
• YTD: 15.69%
• 1Y: 27.49%
• 3Y*: 15.76%
• 5Y*: 11.48%
• 10Y*: 11.64%
• ALL TIME*: 11.07%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BPAVX Boston Partners All Cap Value Fund	$0.00	$0.00	$0.00
FOCSX Fidelity Small Cap Growth K6 Fund	$0.00	$0.00	$0.00

FOCSX vs. BPAVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FOCSX Fidelity Small Cap Growth K6 Fund	21.12%	11.33%	21.04%	19.62%	-25.01%	10.50%	37.44%	36.25%	-4.60%	16.21%
BPAVX Boston Partners All Cap Value Fund	15.69%	17.17%	9.66%	12.25%	-2.63%	25.22%	3.85%	27.58%	-12.09%	10.42%

Correlation

The correlation between FOCSX and BPAVX is 0.70, 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.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (5Y) Shows whether the relationship held over a longer period.	0.79
Correlation (All Time) Calculated using the full available price history since May 25, 2017	0.77

The correlation between FOCSX and BPAVX has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.

Return for Risk

FOCSX vs. BPAVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FOCSX

FOCSX Risk / Return Rank: 66
FOCSX Sharpe Ratio Rank: 61
FOCSX Sortino Ratio Rank: 58
FOCSX Omega Ratio Rank: 52
FOCSX Calmar Ratio Rank: 79
FOCSX Martin Ratio Rank: 80

BPAVX

BPAVX Risk / Return Rank: 82
BPAVX Sharpe Ratio Rank: 84
BPAVX Sortino Ratio Rank: 82
BPAVX Omega Ratio Rank: 80
BPAVX Calmar Ratio Rank: 80
BPAVX Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FOCSX vs. BPAVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Growth K6 Fund (FOCSX) and Boston Partners All Cap Value Fund (BPAVX). 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.

	FOCSX	BPAVX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	2.03	-0.58
Sortino ratio: Return per unit of downside risk	2.05	2.87	-0.82
Omega ratio: Gain probability vs. loss probability	1.25	1.36	-0.12
Calmar ratio: Return relative to maximum drawdown	2.55	2.62	-0.06
Martin ratio: Return relative to average drawdown	9.55	10.49	-0.95

FOCSX vs. BPAVX - Sharpe Ratio Comparison

The current FOCSX Sharpe Ratio is 1.45, which is comparable to the BPAVX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of FOCSX and BPAVX, 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

FOCSX vs. BPAVX - Drawdown Comparison

The maximum FOCSX drawdown since its inception was -38.79%, smaller than the maximum BPAVX drawdown of -49.62%. Use the drawdown chart below to compare losses from any high point for FOCSX and BPAVX.

Drawdown Indicators

	FOCSX	BPAVX	Difference
Max Drawdown Largest peak-to-trough decline	-38.79%	-49.62%	+10.83%
Max Drawdown (1Y) Largest decline over 1 year	-12.98%	-9.40%	-3.58%
Max Drawdown (3Y) Largest decline over 3 years	-28.51%	-14.21%	-14.30%
Max Drawdown (5Y) Largest decline over 5 years	-38.79%	-17.42%	-21.37%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.64%	—
Current Drawdown Current decline from peak	-5.30%	-1.01%	-4.29%
Average Drawdown Average peak-to-trough decline	-10.80%	-5.67%	-5.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	2.35%	+1.12%

Volatility

FOCSX vs. BPAVX - Volatility Comparison

Fidelity Small Cap Growth K6 Fund (FOCSX) has a higher volatility of 5.98% compared to Boston Partners All Cap Value Fund (BPAVX) at 2.82%. This indicates that FOCSX's price experiences larger fluctuations and is considered to be riskier than BPAVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FOCSX	BPAVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.98%	2.82%	+3.16%
Volatility (6M) Calculated over the trailing 6-month period	17.98%	9.07%	+8.91%
Volatility (1Y) Calculated over the trailing 1-year period	22.84%	12.12%	+10.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.72%	15.21%	+8.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.59%	18.22%	+5.37%

FOCSX vs. BPAVX - Expense Ratio Comparison

FOCSX has a 0.60% expense ratio, which is lower than BPAVX's 1.05% expense ratio.

Dividends

FOCSX vs. BPAVX - Dividend Comparison

FOCSX's dividend yield for the trailing twelve months is around 2.26%, less than BPAVX's 7.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BPAVX Boston Partners All Cap Value Fund	7.97%	9.22%	10.23%	10.94%	8.42%	5.21%	1.42%	2.34%	6.38%	4.11%	3.70%	6.44%
FOCSX Fidelity Small Cap Growth K6 Fund	2.26%	2.74%	2.26%	0.23%	0.05%	31.03%	2.78%	0.00%	2.47%	0.09%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FOCSX and BPAVX in my portfolio?

FOCSX and BPAVX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FOCSX or BPAVX?

FOCSX has higher volatility (5.98%) compared to BPAVX (2.82%). In terms of maximum drawdown, FOCSX dropped -38.79% vs BPAVX's -49.62%.

Which has better risk-adjusted returns?

BPAVX currently has the higher Sharpe Ratio (2.03 vs 1.45), 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.