FAOAX vs. FCNTX
FAOAX (Fidelity Advisor Overseas Fund Class A) and FCNTX (Fidelity Contrafund) are both mutual funds - FAOAX is a Foreign Large Cap Equities fund managed by Fidelity, while FCNTX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 10 years, FAOAX returned 7.41%/yr vs 16.85%/yr for FCNTX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. FAOAX charges 1.43%/yr vs 0.39%/yr for FCNTX.
Performance
FAOAX vs. FCNTX - Performance Comparison
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Returns By Period
Over the past 10 years, FAOAX has underperformed FCNTX with an annualized return of 7.41%, while FCNTX has yielded a comparatively higher 16.85% annualized return.
FAOAX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.36%
- 3Y*
- 7.62%
- 5Y*
- 2.49%
- 10Y*
- 7.41%
- ALL TIME*
- 5.44%
FCNTX
- 1D
- 0.95%
- 1M
- -3.83%
- 6M
- 3.61%
- YTD
- 5.62%
- 1Y
- 13.75%
- 3Y*
- 22.98%
- 5Y*
- 13.11%
- 10Y*
- 16.85%
- ALL TIME*
- 13.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
FCNTX Fidelity Contrafund | $0.00 | $0.00 | $0.00 |
FAOAX vs. FCNTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAOAX Fidelity Advisor Overseas Fund Class A | 0.00% | 14.93% | 4.63% | 20.01% | -24.61% | 18.90% | 14.71% | 27.39% | -15.10% | 29.66% |
FCNTX Fidelity Contrafund | 5.62% | 21.76% | 36.00% | 38.67% | -28.31% | 24.52% | 32.48% | 30.00% | -3.81% | 32.18% |
Correlation
The correlation between FAOAX and FCNTX is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1993 | 0.67 |
Over the past year, the correlation between FAOAX and FCNTX has dropped to 0.28 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
FAOAX vs. FCNTX — Risk / Return Rank
FAOAX
FCNTX
FAOAX vs. FCNTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Overseas Fund Class A (FAOAX) and Fidelity Contrafund (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.
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.
| FAOAX | FCNTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.16 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 1.19 | -1.53 |
| Martin ratioReturn relative to average drawdown | -0.52 | 4.65 | -5.16 |
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Drawdowns
FAOAX vs. FCNTX - Drawdown Comparison
The maximum FAOAX drawdown since its inception was -60.03%, which is greater than FCNTX's maximum drawdown of -49.19%. Use the drawdown chart below to compare losses from any high point for FAOAX and FCNTX.
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Drawdown Indicators
| FAOAX | FCNTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.03% | -49.19% | -10.84% |
Max Drawdown (1Y)Largest decline over 1 year | -7.29% | -11.30% | +4.01% |
Max Drawdown (3Y)Largest decline over 3 years | -13.99% | -19.75% | +5.76% |
Max Drawdown (5Y)Largest decline over 5 years | -36.50% | -32.59% | -3.91% |
Max Drawdown (10Y)Largest decline over 10 years | -36.50% | -32.59% | -3.91% |
Current DrawdownCurrent decline from peak | -5.87% | -5.29% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -14.52% | -8.14% | -6.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 2.89% | +1.60% |
Volatility
FAOAX vs. FCNTX - Volatility Comparison
The current volatility for Fidelity Advisor Overseas Fund Class A (FAOAX) is 0.00%, while Fidelity Contrafund (FCNTX) has a volatility of 3.84%. This indicates that FAOAX 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
| FAOAX | FCNTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 3.84% | -3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 12.26% | -12.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.67% | 15.46% | -7.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.65% | 19.37% | -2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 19.73% | -3.45% |
FAOAX vs. FCNTX - Expense Ratio Comparison
FAOAX has a 1.43% expense ratio, which is higher than FCNTX's 0.39% expense ratio.
Dividends
FAOAX vs. FCNTX - Dividend Comparison
FAOAX's dividend yield for the trailing twelve months is around 8.54%, more than FCNTX's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOAX Fidelity Advisor Overseas Fund Class A | 8.54% | 8.54% | 1.33% | 0.74% | 0.38% | 2.12% | 0.00% | 1.37% | 4.64% | 3.64% | 1.75% | 0.38% |
FCNTX Fidelity Contrafund | 4.42% | 5.21% | 4.19% | 3.78% | 11.87% | 10.80% | 8.01% | 4.16% | 7.46% | 6.08% | 3.81% | 5.33% |
Frequently Asked Questions
FAOAX and FCNTX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCNTX has higher volatility (3.84%) compared to FAOAX (0.00%). In terms of maximum drawdown, FAOAX dropped -60.03% vs FCNTX's -49.19%.
FCNTX currently has the higher Sharpe Ratio (0.87 vs -0.32), 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.
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