FOCSX vs. DMCRX
FOCSX (Fidelity Small Cap Growth K6 Fund) and DMCRX (Driehaus Micro Cap Growth Fund) are both Small Cap Growth Equities funds. Over the past 5 years, FOCSX returned 8.23%/yr vs 10.01%/yr for DMCRX. Their correlation of 0.93 means they have usually moved in the same direction. FOCSX charges 0.60%/yr vs 1.38%/yr for DMCRX.
Performance
FOCSX vs. DMCRX - Performance Comparison
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Returns By Period
In the year-to-date period, FOCSX achieves a 21.12% return, which is significantly higher than DMCRX's 19.65% 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%
DMCRX
- 1D
- 3.45%
- 1M
- -6.39%
- 6M
- 13.29%
- YTD
- 19.65%
- 1Y
- 61.22%
- 3Y*
- 25.66%
- 5Y*
- 10.01%
- 10Y*
- 20.71%
- ALL TIME*
- 18.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FOCSX vs. DMCRX - 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% |
DMCRX Driehaus Micro Cap Growth Fund | 19.65% | 31.17% | 30.58% | 11.47% | -33.54% | 22.23% | 86.43% | 34.03% | 2.52% | 20.17% |
Correlation
The correlation between FOCSX and DMCRX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since May 25, 2017 | 0.93 |
The correlation between FOCSX and DMCRX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
FOCSX vs. DMCRX — Risk / Return Rank
FOCSX
DMCRX
FOCSX vs. DMCRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Growth K6 Fund (FOCSX) and Driehaus Micro Cap Growth Fund (DMCRX). 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 | DMCRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 3.86 | -1.31 |
| Martin ratioReturn relative to average drawdown | 9.55 | 12.20 | -2.65 |
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Drawdowns
FOCSX vs. DMCRX - Drawdown Comparison
The maximum FOCSX drawdown since its inception was -38.79%, smaller than the maximum DMCRX drawdown of -46.68%. Use the drawdown chart below to compare losses from any high point for FOCSX and DMCRX.
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Drawdown Indicators
| FOCSX | DMCRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.79% | -46.68% | +7.89% |
Max Drawdown (1Y)Largest decline over 1 year | -12.98% | -15.46% | +2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -28.51% | -34.92% | +6.41% |
Max Drawdown (5Y)Largest decline over 5 years | -38.79% | -46.68% | +7.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.68% | — |
Current DrawdownCurrent decline from peak | -5.30% | -10.71% | +5.41% |
Average DrawdownAverage peak-to-trough decline | -10.80% | -14.71% | +3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 4.88% | -1.41% |
Volatility
FOCSX vs. DMCRX - Volatility Comparison
The current volatility for Fidelity Small Cap Growth K6 Fund (FOCSX) is 5.98%, while Driehaus Micro Cap Growth Fund (DMCRX) has a volatility of 9.43%. This indicates that FOCSX experiences smaller price fluctuations and is considered to be less risky than DMCRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FOCSX | DMCRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 9.43% | -3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 17.98% | 23.94% | -5.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.84% | 30.55% | -7.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.72% | 28.79% | -5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.59% | 28.12% | -4.53% |
FOCSX vs. DMCRX - Expense Ratio Comparison
FOCSX has a 0.60% expense ratio, which is lower than DMCRX's 1.38% expense ratio.
Dividends
FOCSX vs. DMCRX - Dividend Comparison
FOCSX's dividend yield for the trailing twelve months is around 2.26%, less than DMCRX's 11.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DMCRX Driehaus Micro Cap Growth Fund | 11.47% | 13.72% | 3.86% | 0.87% | 8.20% | 48.23% | 19.79% | 14.70% | 33.22% | 8.91% | 0.00% | 4.20% |
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
FOCSX and DMCRX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DMCRX has higher volatility (9.43%) compared to FOCSX (5.98%). In terms of maximum drawdown, FOCSX dropped -38.79% vs DMCRX's -46.68%.
DMCRX currently has the higher Sharpe Ratio (1.95 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.
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