FCNKX vs. QQQ
Compare and contrast key facts about Fidelity Contrafund Fund (FCNKX) and Invesco QQQ ETF (QQQ).
FCNKX is managed by Fidelity. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Performance
FCNKX vs. QQQ - Performance Comparison
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FCNKX vs. QQQ - 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% |
QQQ Invesco QQQ ETF | -5.93% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, FCNKX achieves a -8.57% return, which is significantly lower than QQQ's -5.93% return. Over the past 10 years, FCNKX has underperformed QQQ with an annualized return of 16.08%, while QQQ has yielded a comparatively higher 18.85% 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%
QQQ
- 1D
- 3.39%
- 1M
- -4.84%
- YTD
- -5.93%
- 6M
- -3.62%
- 1Y
- 23.68%
- 3Y*
- 22.32%
- 5Y*
- 12.88%
- 10Y*
- 18.85%
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FCNKX vs. QQQ - Expense Ratio Comparison
FCNKX has a 0.74% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
FCNKX vs. QQQ — Risk / Return Rank
FCNKX
QQQ
FCNKX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Contrafund Fund (FCNKX) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 1.05 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.63 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.88 | -0.78 |
Martin ratioReturn relative to average drawdown | 4.18 | 6.95 | -2.77 |
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 | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.05 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.58 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | 0.85 | -0.79 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.37 | -0.32 |
Correlation
The correlation between FCNKX and QQQ 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. QQQ - Dividend Comparison
FCNKX's dividend yield for the trailing twelve months is around 5.08%, more than QQQ's 0.49% 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% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
FCNKX vs. QQQ - Drawdown Comparison
The maximum FCNKX drawdown since its inception was -90.08%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for FCNKX and QQQ.
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Drawdown Indicators
| FCNKX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.08% | -82.97% | -7.11% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -12.62% | +1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -31.77% | -35.12% | +3.35% |
Max Drawdown (10Y)Largest decline over 10 years | -90.08% | -35.12% | -54.96% |
Current DrawdownCurrent decline from peak | -11.29% | -8.98% | -2.31% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -32.99% | +25.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 3.41% | -0.37% |
Volatility
FCNKX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Contrafund Fund (FCNKX) is 5.29%, while Invesco QQQ ETF (QQQ) has a volatility of 6.51%. This indicates that FCNKX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCNKX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 6.51% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 12.77% | -2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.72% | 22.67% | -2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.10% | 22.39% | -3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 288.07% | 22.25% | +265.82% |