FCNKX vs. FXAIX
Compare and contrast key facts about Fidelity Contrafund Fund (FCNKX) and Fidelity 500 Index Fund (FXAIX).
FCNKX is managed by Fidelity. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
FCNKX vs. FXAIX - Performance Comparison
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FCNKX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCNKX Fidelity Contrafund Fund | -8.57% | 21.88% | 36.08% | 39.50% | -27.44% | 24.66% | 32.50% | 30.18% | -2.27% | 32.20% |
FXAIX Fidelity 500 Index Fund | -7.05% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, FCNKX achieves a -8.57% return, which is significantly lower than FXAIX's -7.05% return. Over the past 10 years, FCNKX has outperformed FXAIX with an annualized return of 16.08%, while FXAIX has yielded a comparatively lower 13.75% annualized return.
FCNKX
- 1D
- -0.22%
- 1M
- -9.39%
- YTD
- -8.57%
- 6M
- -6.11%
- 1Y
- 16.13%
- 3Y*
- 23.77%
- 5Y*
- 13.27%
- 10Y*
- 16.08%
FXAIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.05%
- 6M
- -4.59%
- 1Y
- 14.42%
- 3Y*
- 17.17%
- 5Y*
- 11.40%
- 10Y*
- 13.75%
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FCNKX vs. FXAIX - Expense Ratio Comparison
FCNKX has a 0.74% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
FCNKX vs. FXAIX — Risk / Return Rank
FCNKX
FXAIX
FCNKX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Contrafund Fund (FCNKX) and Fidelity 500 Index Fund (FXAIX). 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.
| FCNKX | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.84 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.30 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.05 | +0.04 |
Martin ratioReturn relative to average drawdown | 4.18 | 5.13 | -0.95 |
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
| FCNKX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.84 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.68 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | 0.77 | -0.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.75 | -0.69 |
Correlation
The correlation between FCNKX and FXAIX 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
FCNKX vs. FXAIX - Dividend Comparison
FCNKX's dividend yield for the trailing twelve months is around 5.08%, more than FXAIX's 1.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNKX Fidelity Contrafund Fund | 5.08% | 5.18% | 4.28% | 4.31% | 13.69% | 10.77% | 8.00% | 4.15% | 9.14% | 6.09% | 3.92% | 4.47% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
FCNKX vs. FXAIX - Drawdown Comparison
The maximum FCNKX drawdown since its inception was -90.08%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FCNKX and FXAIX.
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Drawdown Indicators
| FCNKX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.08% | -33.79% | -56.29% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -12.13% | +0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -31.77% | -24.50% | -7.27% |
Max Drawdown (10Y)Largest decline over 10 years | -90.08% | -33.79% | -56.29% |
Current DrawdownCurrent decline from peak | -11.29% | -8.89% | -2.40% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -3.83% | -3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 2.50% | +0.54% |
Volatility
FCNKX vs. FXAIX - Volatility Comparison
Fidelity Contrafund Fund (FCNKX) has a higher volatility of 5.29% compared to Fidelity 500 Index Fund (FXAIX) at 4.24%. This indicates that FCNKX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCNKX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 4.24% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 9.08% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.72% | 18.13% | +1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.10% | 16.88% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 288.07% | 18.03% | +270.04% |