FWWFX vs. FOCPX

Last updated Jun 4, 2026

FWWFX (Fidelity Worldwide Fund) and FOCPX (Fidelity OTC Portfolio) are both mutual funds - FWWFX is a Global Equities fund managed by Fidelity, while FOCPX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 10 years, FWWFX returned 15.08%/yr vs 22.63%/yr for FOCPX. A 0.79 correlation means they provide meaningful diversification when combined. FWWFX charges 1.00%/yr vs 0.80%/yr for FOCPX.

Performance

FWWFX vs. FOCPX - Performance Comparison

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

Returns By Period

In the year-to-date period, FWWFX achieves a 20.80% return, which is significantly lower than FOCPX's 27.59% return. Over the past 10 years, FWWFX has underperformed FOCPX with an annualized return of 15.08%, while FOCPX has yielded a comparatively higher 22.63% annualized return.

FWWFX

• 1D: 1.11%
• 1M: 8.00%
• YTD: 20.80%
• 6M: 21.02%
• 1Y: 41.13%
• 3Y*: 25.49%
• 5Y*: 12.63%
• 10Y*: 15.08%

FOCPX

• 1D: 0.78%
• 1M: 10.68%
• YTD: 27.59%
• 6M: 28.74%
• 1Y: 61.90%
• 3Y*: 34.85%
• 5Y*: 19.55%
• 10Y*: 22.63%

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

FWWFX vs. FOCPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FWWFX Fidelity Worldwide Fund	20.80%	16.16%	27.65%	24.96%	-25.74%	18.49%	30.91%	28.97%	-4.53%	28.72%
FOCPX Fidelity OTC Portfolio	27.59%	22.21%	38.95%	42.64%	-32.08%	24.94%	46.75%	39.20%	-3.30%	38.61%

Correlation

The correlation between FWWFX and FOCPX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since May 31, 1990	0.79

The correlation between FWWFX and FOCPX shifts across timeframes, from 0.79 (all time) to 0.91 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FWWFX vs. FOCPX — Risk / Return Rank

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

FWWFX

FWWFX Risk / Return Rank: 69
FWWFX Sharpe Ratio Rank: 68
FWWFX Sortino Ratio Rank: 57
FWWFX Omega Ratio Rank: 59
FWWFX Calmar Ratio Rank: 79
FWWFX Martin Ratio Rank: 82

FOCPX

FOCPX Risk / Return Rank: 93
FOCPX Sharpe Ratio Rank: 96
FOCPX Sortino Ratio Rank: 90
FOCPX Omega Ratio Rank: 87
FOCPX Calmar Ratio Rank: 94
FOCPX Martin Ratio Rank: 96

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.

FWWFX vs. FOCPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Worldwide Fund (FWWFX) and Fidelity OTC Portfolio (FOCPX). 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.

	FWWFX	FOCPX	Difference
Sharpe ratio Return per unit of total volatility	2.41	3.55	-1.13
Sortino ratio Return per unit of downside risk	3.19	4.40	-1.21
Omega ratio Gain probability vs. loss probability	1.43	1.59	-0.16
Calmar ratio Return relative to maximum drawdown	3.58	5.57	-1.99
Martin ratio Return relative to average drawdown	15.48	24.59	-9.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FWWFX vs. FOCPX - Sharpe Ratio Comparison

The current FWWFX Sharpe Ratio is 2.41, which is lower than the FOCPX Sharpe Ratio of 3.55. The chart below compares the historical Sharpe Ratios of FWWFX and FOCPX, 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

	FWWFX	FOCPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	3.55	-1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.87	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	1.01	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.66	-0.10

Drawdowns

FWWFX vs. FOCPX - Drawdown Comparison

The maximum FWWFX drawdown since its inception was -56.54%, smaller than the maximum FOCPX drawdown of -70.25%. Use the drawdown chart below to compare losses from any high point for FWWFX and FOCPX.

Drawdown Indicators

	FWWFX	FOCPX	Difference
Max Drawdown Largest peak-to-trough decline	-56.54%	-70.25%	+13.71%
Max Drawdown (1Y) Largest decline over 1 year	-11.74%	-11.29%	-0.45%
Max Drawdown (3Y) Largest decline over 3 years	-22.61%	-24.82%	+2.21%
Max Drawdown (5Y) Largest decline over 5 years	-33.72%	-37.05%	+3.33%
Max Drawdown (10Y) Largest decline over 10 years	-33.72%	-37.05%	+3.33%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.43%	-17.01%	+7.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	2.55%	+0.16%

Volatility

FWWFX vs. FOCPX - Volatility Comparison

Fidelity Worldwide Fund (FWWFX) has a higher volatility of 6.02% compared to Fidelity OTC Portfolio (FOCPX) at 5.41%. This indicates that FWWFX's price experiences larger fluctuations and is considered to be riskier than FOCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FWWFX	FOCPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.02%	5.41%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	13.72%	13.89%	-0.17%
Volatility (1Y) Calculated over the trailing 1-year period	17.39%	17.71%	-0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.89%	22.66%	-3.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.79%	22.44%	-3.65%

FWWFX vs. FOCPX - Expense Ratio Comparison

FWWFX has a 1.00% expense ratio, which is higher than FOCPX's 0.80% expense ratio.

Dividends

FWWFX vs. FOCPX - Dividend Comparison

FWWFX's dividend yield for the trailing twelve months is around 9.55%, more than FOCPX's 6.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOCPX Fidelity OTC Portfolio	6.09%	7.78%	16.76%	0.05%	4.06%	11.53%	6.23%	7.58%	7.93%	4.86%	3.24%	5.41%
FWWFX Fidelity Worldwide Fund	9.55%	11.54%	14.64%	0.94%	6.29%	12.76%	8.08%	4.87%	9.63%	6.24%	1.22%	3.38%

Frequently Asked Questions

Can I hold both FWWFX and FOCPX in my portfolio?

With a correlation of 0.90, FWWFX and FOCPX 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.

Which is riskier, FWWFX or FOCPX?

FWWFX has higher volatility (6.02%) compared to FOCPX (5.41%). In terms of maximum drawdown, FWWFX dropped -56.54% vs FOCPX's -70.25%.

Which has better risk-adjusted returns?

FOCPX currently has the higher Sharpe Ratio (3.55 vs 2.41), 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.