FCNKX vs. SPY
Compare and contrast key facts about Fidelity Contrafund Fund (FCNKX) and State Street 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.
Performance
FCNKX vs. SPY - Performance Comparison
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FCNKX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCNKX Fidelity Contrafund Fund | -5.37% | 21.88% | 36.08% | 39.50% | -27.44% | 24.66% | 32.50% | 30.18% | -2.27% | 32.20% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, FCNKX achieves a -5.37% return, which is significantly lower than SPY's -3.65% return. Over the past 10 years, FCNKX has outperformed SPY with an annualized return of 16.48%, while SPY has yielded a comparatively lower 14.06% annualized return.
FCNKX
- 1D
- 3.50%
- 1M
- -5.88%
- YTD
- -5.37%
- 6M
- -2.55%
- 1Y
- 19.31%
- 3Y*
- 25.20%
- 5Y*
- 13.66%
- 10Y*
- 16.48%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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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.
Return for Risk
FCNKX vs. SPY — Risk / Return Rank
FCNKX
SPY
FCNKX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Contrafund Fund (FCNKX) and State Street 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.
| FCNKX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.96 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.57 | 1.49 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.53 | 0.00 |
Martin ratioReturn relative to average drawdown | 5.88 | 7.27 | -1.38 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.96 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.70 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | 0.79 | -0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.56 | -0.51 |
Correlation
The correlation between FCNKX and SPY 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. SPY - Dividend Comparison
FCNKX's dividend yield for the trailing twelve months is around 4.91%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNKX Fidelity Contrafund Fund | 4.91% | 5.18% | 4.28% | 4.31% | 13.69% | 10.77% | 8.00% | 4.15% | 9.14% | 6.09% | 3.92% | 4.47% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FCNKX vs. SPY - Drawdown Comparison
The maximum FCNKX drawdown since its inception was -90.08%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FCNKX and SPY.
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Drawdown Indicators
| FCNKX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.08% | -55.19% | -34.89% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -12.05% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -31.77% | -24.50% | -7.27% |
Max Drawdown (10Y)Largest decline over 10 years | -90.08% | -33.72% | -56.36% |
Current DrawdownCurrent decline from peak | -8.19% | -5.53% | -2.66% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -9.09% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.54% | +0.41% |
Volatility
FCNKX vs. SPY - Volatility Comparison
Fidelity Contrafund Fund (FCNKX) has a higher volatility of 6.58% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. 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.
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Volatility by Period
| FCNKX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.58% | 5.35% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 11.17% | 9.50% | +1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.98% | 19.06% | +0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.16% | 17.06% | +2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 288.07% | 17.92% | +270.15% |