XITK vs. FOCPX

Last updated Jun 4, 2026

XITK (SPDR FactSet Innovative Technology ETF) and FOCPX (Fidelity OTC Portfolio) are both funds - XITK is a Technology Equities fund tracking the FactSet Innovative Technology Index, while FOCPX is a Large Cap Growth Equities fund actively managed by Fidelity. XITK is passively managed, while FOCPX is actively managed. Over the past 10 years, XITK returned 14.35%/yr vs 22.63%/yr for FOCPX. A 0.78 correlation means they provide meaningful diversification when combined. XITK charges 0.45%/yr vs 0.73%/yr for FOCPX.

Performance

XITK vs. FOCPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR FactSet Innovative Technology ETF (XITK) 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, XITK achieves a 13.97% return, which is significantly lower than FOCPX's 27.59% return. Over the past 10 years, XITK has underperformed FOCPX with an annualized return of 14.35%, while FOCPX has yielded a comparatively higher 22.63% annualized return.

XITK

• 1D: -3.51%
• 1M: 12.45%
• YTD: 13.97%
• 6M: 14.17%
• 1Y: 11.38%
• 3Y*: 17.58%
• 5Y*: -0.31%
• 10Y*: 14.35%

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)

XITK vs. FOCPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XITK SPDR FactSet Innovative Technology ETF	13.97%	2.53%	19.12%	45.87%	-47.45%	-11.24%	90.22%	36.98%	7.60%	36.01%
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 XITK and FOCPX is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jan 15, 2016	0.78

The correlation between XITK and FOCPX shifts across timeframes, from 0.60 (1 year) to 0.79 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

XITK vs. FOCPX — Risk / Return Rank

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

XITK

XITK Risk / Return Rank: 15
XITK Sharpe Ratio Rank: 15
XITK Sortino Ratio Rank: 16
XITK Omega Ratio Rank: 15
XITK Calmar Ratio Rank: 14
XITK Martin Ratio Rank: 13

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.

XITK vs. FOCPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR FactSet Innovative Technology ETF (XITK) 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.

	XITK	FOCPX	Difference
Sharpe ratio: Return per unit of total volatility	0.43	3.55	-3.12
Sortino ratio: Return per unit of downside risk	0.78	4.40	-3.62
Omega ratio: Gain probability vs. loss probability	1.09	1.59	-0.50
Calmar ratio: Return relative to maximum drawdown	0.41	5.57	-5.16
Martin ratio: Return relative to average drawdown	0.95	24.59	-23.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XITK vs. FOCPX - Sharpe Ratio Comparison

The current XITK Sharpe Ratio is 0.43, which is lower than the FOCPX Sharpe Ratio of 3.55. The chart below compares the historical Sharpe Ratios of XITK 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

	XITK	FOCPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.43	3.55	-3.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	0.87	-0.88
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	1.01	-0.53
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.66	-0.15

Drawdowns

XITK vs. FOCPX - Drawdown Comparison

The maximum XITK drawdown since its inception was -65.56%, smaller than the maximum FOCPX drawdown of -70.25%. Use the drawdown chart below to compare losses from any high point for XITK and FOCPX.

Drawdown Indicators

	XITK	FOCPX	Difference
Max Drawdown Largest peak-to-trough decline	-65.56%	-70.25%	+4.69%
Max Drawdown (1Y) Largest decline over 1 year	-28.03%	-11.29%	-16.74%
Max Drawdown (3Y) Largest decline over 3 years	-28.18%	-24.82%	-3.36%
Max Drawdown (5Y) Largest decline over 5 years	-61.53%	-37.05%	-24.48%
Max Drawdown (10Y) Largest decline over 10 years	-65.56%	-37.05%	-28.51%
Current Drawdown Current decline from peak	-22.29%	0.00%	-22.29%
Average Drawdown Average peak-to-trough decline	-22.08%	-17.01%	-5.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.96%	2.55%	+9.41%

Volatility

XITK vs. FOCPX - Volatility Comparison

SPDR FactSet Innovative Technology ETF (XITK) has a higher volatility of 8.59% compared to Fidelity OTC Portfolio (FOCPX) at 5.41%. This indicates that XITK'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

	XITK	FOCPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.59%	5.41%	+3.18%
Volatility (6M) Calculated over the trailing 6-month period	21.87%	13.89%	+7.98%
Volatility (1Y) Calculated over the trailing 1-year period	26.50%	17.71%	+8.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.63%	22.66%	+9.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.57%	22.44%	+7.13%

XITK vs. FOCPX - Expense Ratio Comparison

XITK has a 0.45% expense ratio, which is lower than FOCPX's 0.73% expense ratio.

Dividends

XITK vs. FOCPX - Dividend Comparison

XITK has not paid dividends to shareholders, while FOCPX's dividend yield for the trailing twelve months is around 6.09%.

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%
XITK SPDR FactSet Innovative Technology ETF	0.00%	0.00%	0.00%	0.08%	0.11%	0.00%	0.06%	0.14%	1.50%	1.74%	1.88%	0.00%

Frequently Asked Questions

Can I hold both XITK and FOCPX in my portfolio?

XITK and FOCPX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XITK or FOCPX?

XITK has higher volatility (8.59%) compared to FOCPX (5.41%). In terms of maximum drawdown, XITK dropped -65.56% vs FOCPX's -70.25%.

Which has better risk-adjusted returns?

FOCPX currently has the higher Sharpe Ratio (3.55 vs 0.43), 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.