FAHEX vs. FCNTX
Compare and contrast key facts about Fidelity Advisor High Income Advantage Fund Class C (FAHEX) and Fidelity Contrafund Fund (FCNTX).
FAHEX is managed by Fidelity. It was launched on Nov 3, 1997. FCNTX is managed by Fidelity. It was launched on May 17, 1967.
Performance
FAHEX vs. FCNTX - Performance Comparison
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FAHEX vs. FCNTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAHEX Fidelity Advisor High Income Advantage Fund Class C | -0.90% | 10.97% | 8.51% | 11.23% | -11.89% | 10.09% | 7.88% | 16.50% | -6.17% | 10.57% |
FCNTX Fidelity Contrafund Fund | -5.35% | 21.76% | 36.00% | 38.67% | -28.31% | 24.52% | 32.48% | 30.00% | -3.81% | 32.18% |
Returns By Period
In the year-to-date period, FAHEX achieves a -0.90% return, which is significantly higher than FCNTX's -5.35% return. Over the past 10 years, FAHEX has underperformed FCNTX with an annualized return of 6.43%, while FCNTX has yielded a comparatively higher 16.03% annualized return.
FAHEX
- 1D
- -0.48%
- 1M
- -2.89%
- YTD
- -0.90%
- 6M
- 0.22%
- 1Y
- 11.14%
- 3Y*
- 8.69%
- 5Y*
- 4.46%
- 10Y*
- 6.43%
FCNTX
- 1D
- 3.52%
- 1M
- -5.86%
- YTD
- -5.35%
- 6M
- -2.60%
- 1Y
- 19.23%
- 3Y*
- 24.91%
- 5Y*
- 13.21%
- 10Y*
- 16.03%
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FAHEX vs. FCNTX - Expense Ratio Comparison
FAHEX has a 1.75% expense ratio, which is higher than FCNTX's 0.39% expense ratio.
Return for Risk
FAHEX vs. FCNTX — Risk / Return Rank
FAHEX
FCNTX
FAHEX vs. FCNTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor High Income Advantage Fund Class C (FAHEX) and Fidelity Contrafund Fund (FCNTX). 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.
| FAHEX | FCNTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.78 | 1.01 | +0.77 |
Sortino ratioReturn per unit of downside risk | 2.46 | 1.56 | +0.90 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.22 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.56 | 1.79 | +0.76 |
Martin ratioReturn relative to average drawdown | 10.95 | 6.87 | +4.08 |
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
| FAHEX | FCNTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 1.01 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.69 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.82 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.76 | -0.02 |
Correlation
The correlation between FAHEX and FCNTX is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FAHEX vs. FCNTX - Dividend Comparison
FAHEX's dividend yield for the trailing twelve months is around 3.47%, less than FCNTX's 4.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAHEX Fidelity Advisor High Income Advantage Fund Class C | 3.47% | 3.73% | 3.34% | 3.80% | 6.26% | 3.92% | 2.76% | 3.50% | 4.90% | 3.91% | 4.50% | 3.45% |
FCNTX Fidelity Contrafund Fund | 4.93% | 5.21% | 4.19% | 3.78% | 11.87% | 10.80% | 8.01% | 4.16% | 7.46% | 6.08% | 3.81% | 5.33% |
Drawdowns
FAHEX vs. FCNTX - Drawdown Comparison
The maximum FAHEX drawdown since its inception was -49.00%, roughly equal to the maximum FCNTX drawdown of -49.19%. Use the drawdown chart below to compare losses from any high point for FAHEX and FCNTX.
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Drawdown Indicators
| FAHEX | FCNTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.00% | -49.19% | +0.19% |
Max Drawdown (1Y)Largest decline over 1 year | -4.31% | -11.30% | +6.99% |
Max Drawdown (5Y)Largest decline over 5 years | -15.76% | -32.59% | +16.83% |
Max Drawdown (10Y)Largest decline over 10 years | -28.52% | -32.59% | +4.07% |
Current DrawdownCurrent decline from peak | -3.14% | -8.18% | +5.04% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -8.18% | +3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 2.95% | -1.94% |
Volatility
FAHEX vs. FCNTX - Volatility Comparison
The current volatility for Fidelity Advisor High Income Advantage Fund Class C (FAHEX) is 2.22%, while Fidelity Contrafund Fund (FCNTX) has a volatility of 6.51%. This indicates that FAHEX experiences smaller price fluctuations and is considered to be less risky than FCNTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAHEX | FCNTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 6.51% | -4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 4.14% | 11.12% | -6.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.66% | 19.95% | -13.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.26% | 19.19% | -12.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.59% | 19.64% | -12.05% |