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:
0.20
SPY:
0.37
FCNKX:
0.43
SPY:
0.68
FCNKX:
1.06
SPY:
1.10
FCNKX:
0.21
SPY:
0.38
FCNKX:
0.84
SPY:
1.90
FCNKX:
5.03%
SPY:
3.74%
FCNKX:
21.38%
SPY:
19.03%
FCNKX:
-46.44%
SPY:
-55.19%
FCNKX:
-12.21%
SPY:
-10.22%
Returns By Period
In the year-to-date period, FCNKX achieves a -5.40% return, which is significantly higher than SPY's -6.11% return. Over the past 10 years, FCNKX has underperformed SPY with an annualized return of 7.32%, while SPY has yielded a comparatively higher 12.02% annualized return.
FCNKX
-5.40%
-0.20%
-6.89%
4.56%
10.46%
7.32%
SPY
-6.11%
-1.84%
-4.33%
6.99%
16.28%
12.02%
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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 0.13%, less than SPY's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNKX Fidelity Contrafund Fund | 0.13% | 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 | 1.31% | 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 -46.44%, 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) and SPDR S&P 500 ETF (SPY) have volatilities of 13.75% and 13.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.