FCNKX vs. SPY
Compare and contrast key facts about Fidelity Contrafund Fund (FCNKX) and SPDR S&P 500 ETF (SPY).
FCNKX is managed by Fidelity. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCNKX or SPY.
Correlation
The correlation between FCNKX and SPY is 0.92, 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.
Performance
FCNKX vs. SPY - Performance Comparison
Key characteristics
FCNKX:
2.01
SPY:
2.12
FCNKX:
2.70
SPY:
2.81
FCNKX:
1.37
SPY:
1.39
FCNKX:
1.91
SPY:
3.21
FCNKX:
10.68
SPY:
13.42
FCNKX:
3.10%
SPY:
2.01%
FCNKX:
16.52%
SPY:
12.78%
FCNKX:
-46.42%
SPY:
-55.19%
FCNKX:
-1.52%
SPY:
-0.29%
Returns By Period
In the year-to-date period, FCNKX achieves a 6.11% return, which is significantly higher than SPY's 3.73% return. Over the past 10 years, FCNKX has underperformed SPY with an annualized return of 9.21%, while SPY has yielded a comparatively higher 13.76% annualized return.
FCNKX
6.11%
3.32%
13.61%
31.19%
10.41%
9.21%
SPY
3.73%
1.10%
12.39%
26.33%
15.23%
13.76%
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FCNKX vs. SPY - Expense Ratio Comparison
FCNKX has a 0.74% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FCNKX vs. SPY — Risk-Adjusted Performance Rank
FCNKX
SPY
FCNKX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Contrafund Fund (FCNKX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
FCNKX vs. SPY - Dividend Comparison
FCNKX's dividend yield for the trailing twelve months is around 0.18%, less than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNKX Fidelity Contrafund Fund | 0.18% | 0.19% | 0.54% | 2.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.18% | 0.40% | 0.41% | 7.77% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FCNKX vs. SPY - Drawdown Comparison
The maximum FCNKX drawdown since its inception was -46.42%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FCNKX and SPY. For additional features, visit the drawdowns tool.
Volatility
FCNKX vs. SPY - Volatility Comparison
Fidelity Contrafund Fund (FCNKX) has a higher volatility of 4.60% compared to SPDR S&P 500 ETF (SPY) at 4.00%. This indicates that FCNKX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.