FCEPX vs. FCNTX
FCEPX (Fidelity Advisor Total Bond Fund Class C) and FCNTX (Fidelity Contrafund) are both mutual funds - FCEPX is a Total Bond Market fund managed by Fidelity, while FCNTX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 10 years, FCEPX returned 1.37%/yr vs 17.96%/yr for FCNTX. At a correlation of -0.07, they often move in opposite directions. FCEPX charges 1.51%/yr vs 0.39%/yr for FCNTX.
Performance
FCEPX vs. FCNTX - Performance Comparison
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Returns By Period
In the year-to-date period, FCEPX achieves a 0.13% return, which is significantly lower than FCNTX's 10.97% return. Over the past 10 years, FCEPX has underperformed FCNTX with an annualized return of 1.37%, while FCNTX has yielded a comparatively higher 17.96% annualized return.
FCEPX
- 1D
- 0.21%
- 1M
- 0.90%
- YTD
- 0.13%
- 6M
- 0.39%
- 1Y
- 3.97%
- 3Y*
- 3.52%
- 5Y*
- -0.53%
- 10Y*
- 1.37%
FCNTX
- 1D
- 1.24%
- 1M
- 4.18%
- YTD
- 10.97%
- 6M
- 10.79%
- 1Y
- 26.78%
- 3Y*
- 27.28%
- 5Y*
- 15.45%
- 10Y*
- 17.96%
FCEPX vs. FCNTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCEPX Fidelity Advisor Total Bond Fund Class C | 0.13% | 6.37% | 0.85% | 5.79% | -14.26% | -1.29% | 8.20% | 8.70% | -1.70% | 3.08% |
FCNTX Fidelity Contrafund | 10.97% | 21.76% | 36.00% | 38.67% | -28.31% | 24.52% | 32.48% | 30.00% | -3.81% | 32.18% |
Correlation
The correlation between FCEPX and FCNTX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2004 | -0.07 |
The correlation between FCEPX and FCNTX shifts across timeframes, from -0.07 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FCEPX vs. FCNTX — Risk / Return Rank
FCEPX
FCNTX
FCEPX vs. FCNTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Total Bond Fund Class C (FCEPX) 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.
| FCEPX | FCNTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.31 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 2.31 | -0.97 |
| Martin ratioReturn relative to average drawdown | 3.81 | 9.69 | -5.88 |
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Drawdowns
FCEPX vs. FCNTX - Drawdown Comparison
The maximum FCEPX drawdown since its inception was -19.05%, smaller than the maximum FCNTX drawdown of -49.19%. Use the drawdown chart below to compare losses from any high point for FCEPX and FCNTX.
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Drawdown Indicators
| FCEPX | FCNTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.05% | -49.19% | +30.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -11.30% | +8.24% |
Max Drawdown (3Y)Largest decline over 3 years | -6.07% | -19.75% | +13.68% |
Max Drawdown (5Y)Largest decline over 5 years | -19.04% | -32.59% | +13.55% |
Max Drawdown (10Y)Largest decline over 10 years | -19.05% | -32.59% | +13.54% |
Current DrawdownCurrent decline from peak | -3.82% | -0.48% | -3.34% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -8.15% | +5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 2.69% | -1.62% |
Volatility
FCEPX vs. FCNTX - Volatility Comparison
The current volatility for Fidelity Advisor Total Bond Fund Class C (FCEPX) is 1.10%, while Fidelity Contrafund (FCNTX) has a volatility of 5.94%. This indicates that FCEPX 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
| FCEPX | FCNTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 5.94% | -4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 11.74% | -8.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.81% | 14.92% | -11.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.67% | 19.30% | -13.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 19.74% | -15.03% |
FCEPX vs. FCNTX - Expense Ratio Comparison
FCEPX has a 1.51% expense ratio, which is higher than FCNTX's 0.39% expense ratio.
Dividends
FCEPX vs. FCNTX - Dividend Comparison
FCEPX's dividend yield for the trailing twelve months is around 3.29%, less than FCNTX's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCEPX Fidelity Advisor Total Bond Fund Class C | 3.29% | 3.32% | 2.88% | 2.82% | 1.68% | 1.03% | 4.18% | 1.98% | 2.12% | 1.90% | 2.44% | 2.27% |
FCNTX Fidelity Contrafund | 4.21% | 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
FCEPX and FCNTX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCNTX has higher volatility (5.94%) compared to FCEPX (1.10%). In terms of maximum drawdown, FCEPX dropped -19.05% vs FCNTX's -49.19%.
FCNTX currently has the higher Sharpe Ratio (1.75 vs 1.08), 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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