LGLAX vs. FOCPX

Last updated Jun 6, 2026

LGLAX (Lord Abbett Growth Leaders Fund Class A) and FOCPX (Fidelity OTC Portfolio) are both Large Cap Growth Equities funds. Both are actively managed. Over the past 10 years, LGLAX returned 17.76%/yr vs 22.65%/yr for FOCPX. Their correlation of 0.92 suggests significant overlap in exposure. LGLAX charges 0.90%/yr vs 0.73%/yr for FOCPX.

Performance

LGLAX vs. FOCPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Growth Leaders Fund Class A (LGLAX) 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, LGLAX achieves a 9.34% return, which is significantly lower than FOCPX's 28.46% return. Over the past 10 years, LGLAX has underperformed FOCPX with an annualized return of 17.76%, while FOCPX has yielded a comparatively higher 22.65% annualized return.

LGLAX

• 1D: 0.15%
• 1M: 2.69%
• YTD: 9.34%
• 6M: 7.24%
• 1Y: 23.93%
• 3Y*: 27.85%
• 5Y*: 10.76%
• 10Y*: 17.76%

FOCPX

• 1D: 0.16%
• 1M: 7.18%
• YTD: 28.46%
• 6M: 29.04%
• 1Y: 61.82%
• 3Y*: 35.24%
• 5Y*: 19.32%
• 10Y*: 22.65%

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

LGLAX vs. FOCPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LGLAX Lord Abbett Growth Leaders Fund Class A	9.34%	16.20%	44.60%	32.97%	-38.87%	8.32%	77.11%	34.68%	-1.32%	31.29%
FOCPX Fidelity OTC Portfolio	28.46%	22.21%	38.95%	42.64%	-32.08%	24.94%	46.75%	39.20%	-3.30%	38.61%

Correlation

The correlation between LGLAX and FOCPX is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jun 30, 2011	0.92

The correlation between LGLAX and FOCPX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

LGLAX vs. FOCPX — Risk / Return Rank

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

LGLAX

LGLAX Risk / Return Rank: 15
LGLAX Sharpe Ratio Rank: 18
LGLAX Sortino Ratio Rank: 16
LGLAX Omega Ratio Rank: 17
LGLAX Calmar Ratio Rank: 13
LGLAX Martin Ratio Rank: 12

FOCPX

FOCPX Risk / Return Rank: 93
FOCPX Sharpe Ratio Rank: 96
FOCPX Sortino Ratio Rank: 90
FOCPX Omega Ratio Rank: 86
FOCPX Calmar Ratio Rank: 95
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.

LGLAX vs. FOCPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Growth Leaders Fund Class A (LGLAX) 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.

	LGLAX	FOCPX	Difference
Sharpe ratio: Return per unit of total volatility	1.13	3.52	-2.39
Sortino ratio: Return per unit of downside risk	1.57	4.37	-2.80
Omega ratio: Gain probability vs. loss probability	1.20	1.59	-0.38
Calmar ratio: Return relative to maximum drawdown	1.12	5.52	-4.39
Martin ratio: Return relative to average drawdown	3.24	24.38	-21.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LGLAX vs. FOCPX - Sharpe Ratio Comparison

The current LGLAX Sharpe Ratio is 1.13, which is lower than the FOCPX Sharpe Ratio of 3.52. The chart below compares the historical Sharpe Ratios of LGLAX 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

	LGLAX	FOCPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	3.52	-2.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.86	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	1.01	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.66	+0.03

Drawdowns

LGLAX vs. FOCPX - Drawdown Comparison

The maximum LGLAX drawdown since its inception was -46.11%, smaller than the maximum FOCPX drawdown of -70.25%. Use the drawdown chart below to compare losses from any high point for LGLAX and FOCPX.

Drawdown Indicators

	LGLAX	FOCPX	Difference
Max Drawdown Largest peak-to-trough decline	-46.11%	-70.25%	+24.14%
Max Drawdown (1Y) Largest decline over 1 year	-21.10%	-11.29%	-9.81%
Max Drawdown (3Y) Largest decline over 3 years	-29.29%	-24.82%	-4.47%
Max Drawdown (5Y) Largest decline over 5 years	-46.11%	-37.05%	-9.06%
Max Drawdown (10Y) Largest decline over 10 years	-46.11%	-37.05%	-9.06%
Current Drawdown Current decline from peak	-0.91%	0.00%	-0.91%
Average Drawdown Average peak-to-trough decline	-9.44%	-17.01%	+7.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.31%	2.55%	+4.76%

Volatility

LGLAX vs. FOCPX - Volatility Comparison

Lord Abbett Growth Leaders Fund Class A (LGLAX) and Fidelity OTC Portfolio (FOCPX) have volatilities of 5.39% and 5.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGLAX	FOCPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.39%	5.33%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	15.77%	13.88%	+1.89%
Volatility (1Y) Calculated over the trailing 1-year period	21.08%	17.71%	+3.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.84%	22.64%	+3.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.79%	22.43%	+2.36%

LGLAX vs. FOCPX - Expense Ratio Comparison

LGLAX has a 0.90% expense ratio, which is higher than FOCPX's 0.73% expense ratio.

Dividends

LGLAX vs. FOCPX - Dividend Comparison

LGLAX's dividend yield for the trailing twelve months is around 1.92%, less than FOCPX's 6.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOCPX Fidelity OTC Portfolio	6.05%	7.78%	16.76%	0.05%	4.06%	11.53%	6.23%	7.58%	7.93%	4.86%	3.24%	5.41%
LGLAX Lord Abbett Growth Leaders Fund Class A	1.92%	2.10%	0.00%	0.00%	0.00%	24.88%	9.57%	8.23%	20.27%	6.56%	0.00%	4.89%

Frequently Asked Questions

Can I hold both LGLAX and FOCPX in my portfolio?

LGLAX and FOCPX 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.

Which is riskier, LGLAX or FOCPX?

LGLAX has higher volatility (5.39%) compared to FOCPX (5.33%). In terms of maximum drawdown, LGLAX dropped -46.11% vs FOCPX's -70.25%.

Which has better risk-adjusted returns?

FOCPX currently has the higher Sharpe Ratio (3.52 vs 1.13), 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.