MFIC vs. FOCPX
MFIC (MidCap Financial Investment Corporation) is a stock, while FOCPX (Fidelity OTC Portfolio) is Large Cap Growth Equities fund actively managed by Fidelity. Over the past 10 years, MFIC returned 6.66%/yr vs 22.26%/yr for FOCPX. At a 0.49 correlation, their price movements are largely independent.
Performance
MFIC vs. FOCPX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MFIC achieves a -9.28% return, which is significantly lower than FOCPX's 26.07% return. Over the past 10 years, MFIC has underperformed FOCPX with an annualized return of 6.66%, while FOCPX has yielded a comparatively higher 22.26% annualized return.
MFIC
- 1D
- -1.01%
- 1M
- -3.93%
- 6M
- -8.64%
- YTD
- -9.28%
- 1Y
- -16.13%
- 3Y*
- 2.40%
- 5Y*
- 5.07%
- 10Y*
- 6.66%
FOCPX
- 1D
- -0.26%
- 1M
- 1.29%
- 6M
- 23.83%
- YTD
- 26.07%
- 1Y
- 47.75%
- 3Y*
- 33.17%
- 5Y*
- 17.19%
- 10Y*
- 22.26%
MFIC vs. FOCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFIC MidCap Financial Investment Corporation | -9.28% | -4.34% | 11.25% | 35.48% | 0.19% | 33.67% | -28.54% | 56.97% | -18.11% | 6.51% |
FOCPX Fidelity OTC Portfolio | 26.07% | 22.21% | 38.95% | 42.64% | -32.08% | 24.94% | 46.75% | 39.20% | -3.30% | 38.61% |
Correlation
The correlation between MFIC and FOCPX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 5, 2004 | 0.49 |
Over the past year, the correlation between MFIC and FOCPX has dropped to 0.20 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MFIC vs. FOCPX — Risk / Return Rank
MFIC
FOCPX
MFIC vs. FOCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MidCap Financial Investment Corporation (MFIC) 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.
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.
| MFIC | FOCPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.04 | ||
| Sortino ratioReturn per unit of downside risk | -3.86 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.40 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 4.23 | -4.92 |
| Martin ratioReturn relative to average drawdown | -1.60 | 16.93 | -18.54 |
Loading charts...
Drawdowns
MFIC vs. FOCPX - Drawdown Comparison
The maximum MFIC drawdown since its inception was -87.97%, which is greater than FOCPX's maximum drawdown of -70.25%. Use the drawdown chart below to compare losses from any high point for MFIC and FOCPX.
Loading charts...
Drawdown Indicators
| MFIC | FOCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.97% | -70.25% | -17.72% |
Max Drawdown (1Y)Largest decline over 1 year | -23.46% | -11.29% | -12.17% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -24.82% | -2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -26.97% | -37.05% | +10.08% |
Max Drawdown (10Y)Largest decline over 10 years | -67.77% | -37.05% | -30.72% |
Current DrawdownCurrent decline from peak | -20.71% | -2.73% | -17.98% |
Average DrawdownAverage peak-to-trough decline | -17.53% | -16.97% | -0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.07% | 2.81% | +7.26% |
Volatility
MFIC vs. FOCPX - Volatility Comparison
The current volatility for MidCap Financial Investment Corporation (MFIC) is 5.67%, while Fidelity OTC Portfolio (FOCPX) has a volatility of 8.73%. This indicates that MFIC experiences smaller price fluctuations and is considered to be less risky than FOCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MFIC | FOCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.67% | 8.73% | -3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 20.35% | 16.64% | +3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.18% | 20.13% | +4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.82% | 23.05% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.01% | 22.54% | +7.47% |
Dividends
MFIC vs. FOCPX - Dividend Comparison
MFIC's dividend yield for the trailing twelve months is around 14.12%, more than FOCPX's 6.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOCPX Fidelity OTC Portfolio | 6.17% | 7.78% | 16.76% | 0.05% | 4.06% | 11.53% | 6.23% | 7.58% | 7.93% | 4.86% | 3.24% | 5.41% |
MFIC MidCap Financial Investment Corporation | 14.12% | 13.29% | 12.75% | 11.11% | 12.37% | 11.26% | 15.25% | 10.31% | 14.52% | 10.60% | 11.95% | 15.33% |
Frequently Asked Questions
MFIC and FOCPX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FOCPX has higher volatility (8.73%) compared to MFIC (5.67%). In terms of maximum drawdown, MFIC dropped -87.97% vs FOCPX's -70.25%.
FOCPX currently has the higher Sharpe Ratio (2.37 vs -0.67), 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.
Find the right allocation for MFIC and FOCPX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer