TECB vs. FOCPX
Compare and contrast key facts about iShares U.S. Tech Breakthrough Multisector ETF (TECB) and Fidelity OTC Portfolio (FOCPX).
TECB is a passively managed fund by iShares that tracks the performance of the NYSE FactSet U.S. Tech Breakthrough Index. It was launched on Jan 8, 2020. FOCPX is managed by Fidelity. It was launched on Dec 31, 1984.
Performance
TECB vs. FOCPX - Performance Comparison
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TECB vs. FOCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TECB iShares U.S. Tech Breakthrough Multisector ETF | -8.06% | 14.86% | 24.38% | 57.53% | -34.39% | 19.60% | 39.90% |
FOCPX Fidelity OTC Portfolio | -3.79% | 22.21% | 38.95% | 42.64% | -32.08% | 24.94% | 42.19% |
Returns By Period
In the year-to-date period, TECB achieves a -8.06% return, which is significantly lower than FOCPX's -3.79% return.
TECB
- 1D
- 0.83%
- 1M
- -2.67%
- YTD
- -8.06%
- 6M
- -7.85%
- 1Y
- 14.26%
- 3Y*
- 19.33%
- 5Y*
- 9.56%
- 10Y*
- —
FOCPX
- 1D
- 4.33%
- 1M
- -5.08%
- YTD
- -3.79%
- 6M
- 1.09%
- 1Y
- 31.42%
- 3Y*
- 26.50%
- 5Y*
- 13.38%
- 10Y*
- 19.71%
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TECB vs. FOCPX - Expense Ratio Comparison
TECB has a 0.40% expense ratio, which is lower than FOCPX's 0.80% expense ratio.
Return for Risk
TECB vs. FOCPX — Risk / Return Rank
TECB
FOCPX
TECB vs. FOCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Tech Breakthrough Multisector ETF (TECB) 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.
| TECB | FOCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 1.42 | -0.80 |
Sortino ratioReturn per unit of downside risk | 1.05 | 2.05 | -1.00 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.29 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.91 | 2.59 | -1.68 |
Martin ratioReturn relative to average drawdown | 2.70 | 10.61 | -7.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TECB | FOCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 1.42 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.60 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.63 | -0.07 |
Correlation
The correlation between TECB and FOCPX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TECB vs. FOCPX - Dividend Comparison
TECB's dividend yield for the trailing twelve months is around 0.36%, less than FOCPX's 8.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TECB iShares U.S. Tech Breakthrough Multisector ETF | 0.36% | 0.33% | 0.35% | 0.23% | 0.61% | 0.35% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FOCPX Fidelity OTC Portfolio | 8.08% | 7.78% | 16.76% | 0.05% | 4.06% | 11.53% | 6.23% | 7.58% | 7.93% | 4.86% | 3.24% | 5.41% |
Drawdowns
TECB vs. FOCPX - Drawdown Comparison
The maximum TECB drawdown since its inception was -41.62%, smaller than the maximum FOCPX drawdown of -70.25%. Use the drawdown chart below to compare losses from any high point for TECB and FOCPX.
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Drawdown Indicators
| TECB | FOCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.62% | -70.25% | +28.63% |
Max Drawdown (1Y)Largest decline over 1 year | -16.24% | -12.53% | -3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -41.62% | -37.05% | -4.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.05% | — |
Current DrawdownCurrent decline from peak | -12.60% | -7.45% | -5.15% |
Average DrawdownAverage peak-to-trough decline | -10.39% | -17.08% | +6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.49% | 3.06% | +2.43% |
Volatility
TECB vs. FOCPX - Volatility Comparison
The current volatility for iShares U.S. Tech Breakthrough Multisector ETF (TECB) is 6.60%, while Fidelity OTC Portfolio (FOCPX) has a volatility of 8.08%. This indicates that TECB 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.
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Volatility by Period
| TECB | FOCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.60% | 8.08% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 13.28% | 14.14% | -0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.10% | 23.04% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.44% | 22.59% | +0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.52% | 22.36% | +3.16% |