FOKFX vs. IOLZX

Last updated Jun 4, 2026

FOKFX (Fidelity OTC K6 Portfolio) and IOLZX (ICON Equity Fund) are both Large Cap Growth Equities funds. Over the past 5 years, FOKFX returned 18.58%/yr vs 11.20%/yr for IOLZX. A 0.70 correlation means they provide meaningful diversification when combined. FOKFX charges 0.50%/yr vs 1.04%/yr for IOLZX.

Performance

FOKFX vs. IOLZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity OTC K6 Portfolio (FOKFX) and ICON Equity Fund (IOLZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FOKFX having a 28.00% return and IOLZX slightly higher at 28.15%.

FOKFX

• 1D: 0.90%
• 1M: 11.67%
• YTD: 28.00%
• 6M: 26.89%
• 1Y: 59.16%
• 3Y*: 32.88%
• 5Y*: 18.58%
• 10Y*: —

IOLZX

• 1D: 2.03%
• 1M: 8.48%
• YTD: 28.15%
• 6M: 30.91%
• 1Y: 50.12%
• 3Y*: 24.88%
• 5Y*: 11.20%
• 10Y*: 14.51%

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

FOKFX vs. IOLZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FOKFX Fidelity OTC K6 Portfolio	28.00%	20.30%	34.58%	43.48%	-32.32%	25.95%	47.52%	17.08%
IOLZX ICON Equity Fund	28.15%	15.81%	16.87%	12.13%	-17.78%	26.72%	16.00%	15.20%

Correlation

The correlation between FOKFX and IOLZX is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019	0.70

The correlation between FOKFX and IOLZX shifts across timeframes, from 0.54 (3 years) to 0.70 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FOKFX vs. IOLZX — Risk / Return Rank

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

FOKFX

FOKFX Risk / Return Rank: 89
FOKFX Sharpe Ratio Rank: 94
FOKFX Sortino Ratio Rank: 86
FOKFX Omega Ratio Rank: 82
FOKFX Calmar Ratio Rank: 91
FOKFX Martin Ratio Rank: 93

IOLZX

IOLZX Risk / Return Rank: 76
IOLZX Sharpe Ratio Rank: 85
IOLZX Sortino Ratio Rank: 78
IOLZX Omega Ratio Rank: 68
IOLZX Calmar Ratio Rank: 80
IOLZX Martin Ratio Rank: 66

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.

FOKFX vs. IOLZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity OTC K6 Portfolio (FOKFX) and ICON Equity Fund (IOLZX). 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.

	FOKFX	IOLZX	Difference
Sharpe ratio: Return per unit of total volatility	3.27	2.77	+0.50
Sortino ratio: Return per unit of downside risk	4.07	3.71	+0.36
Omega ratio: Gain probability vs. loss probability	1.54	1.46	+0.08
Calmar ratio: Return relative to maximum drawdown	4.82	3.65	+1.17
Martin ratio: Return relative to average drawdown	19.97	12.92	+7.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FOKFX vs. IOLZX - Sharpe Ratio Comparison

The current FOKFX Sharpe Ratio is 3.27, which is comparable to the IOLZX Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of FOKFX and IOLZX, 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

	FOKFX	IOLZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.27	2.77	+0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.53	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.41	+0.55

Drawdowns

FOKFX vs. IOLZX - Drawdown Comparison

The maximum FOKFX drawdown since its inception was -37.26%, smaller than the maximum IOLZX drawdown of -56.03%. Use the drawdown chart below to compare losses from any high point for FOKFX and IOLZX.

Drawdown Indicators

	FOKFX	IOLZX	Difference
Max Drawdown Largest peak-to-trough decline	-37.26%	-56.03%	+18.77%
Max Drawdown (1Y) Largest decline over 1 year	-12.53%	-14.35%	+1.82%
Max Drawdown (3Y) Largest decline over 3 years	-24.81%	-24.71%	-0.10%
Max Drawdown (5Y) Largest decline over 5 years	-37.26%	-27.77%	-9.49%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.04%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.20%	-12.63%	+3.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	4.04%	-1.03%

Volatility

FOKFX vs. IOLZX - Volatility Comparison

The current volatility for Fidelity OTC K6 Portfolio (FOKFX) is 5.62%, while ICON Equity Fund (IOLZX) has a volatility of 6.36%. This indicates that FOKFX experiences smaller price fluctuations and is considered to be less risky than IOLZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FOKFX	IOLZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	6.36%	-0.74%
Volatility (6M) Calculated over the trailing 6-month period	14.55%	14.98%	-0.43%
Volatility (1Y) Calculated over the trailing 1-year period	18.45%	18.86%	-0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.01%	21.43%	+1.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.63%	22.36%	+2.27%

FOKFX vs. IOLZX - Expense Ratio Comparison

FOKFX has a 0.50% expense ratio, which is lower than IOLZX's 1.04% expense ratio.

Dividends

FOKFX vs. IOLZX - Dividend Comparison

FOKFX's dividend yield for the trailing twelve months is around 3.28%, less than IOLZX's 8.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FOKFX Fidelity OTC K6 Portfolio	3.28%	4.20%	4.58%	0.24%	0.08%	3.81%	0.39%	0.32%	0.00%
IOLZX ICON Equity Fund	8.34%	10.69%	22.21%	4.75%	18.57%	14.12%	0.00%	3.46%	1.60%

Frequently Asked Questions

Can I hold both FOKFX and IOLZX in my portfolio?

FOKFX and IOLZX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FOKFX or IOLZX?

IOLZX has higher volatility (6.36%) compared to FOKFX (5.62%). In terms of maximum drawdown, FOKFX dropped -37.26% vs IOLZX's -56.03%.

Which has better risk-adjusted returns?

FOKFX currently has the higher Sharpe Ratio (3.27 vs 2.77), 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.