FCNKX vs. XYLD
Compare and contrast key facts about Fidelity Contrafund Fund (FCNKX) and Global X S&P 500 Covered Call ETF (XYLD).
FCNKX is managed by Fidelity. XYLD is a passively managed fund by Global X that tracks the performance of the CBOE S&P 500 2% OTM BuyWrite Index. It was launched on Jun 24, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCNKX or XYLD.
Performance
FCNKX vs. XYLD - Performance Comparison
Returns By Period
In the year-to-date period, FCNKX achieves a 35.65% return, which is significantly higher than XYLD's 16.38% return. Over the past 10 years, FCNKX has outperformed XYLD with an annualized return of 8.79%, while XYLD has yielded a comparatively lower 6.81% annualized return.
FCNKX
35.65%
2.05%
11.97%
36.74%
10.35%
8.79%
XYLD
16.38%
2.53%
10.00%
19.23%
6.72%
6.81%
Key characteristics
| FCNKX | XYLD | |
|---|---|---|
| Sharpe Ratio | 2.34 | 2.79 |
| Sortino Ratio | 3.17 | 3.77 |
| Omega Ratio | 1.44 | 1.73 |
| Calmar Ratio | 1.54 | 3.31 |
| Martin Ratio | 14.49 | 24.38 |
| Ulcer Index | 2.52% | 0.79% |
| Daily Std Dev | 15.61% | 6.90% |
| Max Drawdown | -46.44% | -33.46% |
| Current Drawdown | -1.53% | 0.00% |
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FCNKX vs. XYLD - Expense Ratio Comparison
FCNKX has a 0.74% expense ratio, which is higher than XYLD's 0.60% expense ratio.
Correlation
The correlation between FCNKX and XYLD is 0.76, 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.
Risk-Adjusted Performance
FCNKX vs. XYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Contrafund Fund (FCNKX) and Global X S&P 500 Covered Call ETF (XYLD). 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. XYLD - Dividend Comparison
FCNKX's dividend yield for the trailing twelve months is around 0.47%, less than XYLD's 9.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNKX Fidelity Contrafund Fund | 0.47% | 0.54% | 2.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.18% | 0.40% | 0.41% | 7.77% | 8.11% |
XYLD Global X S&P 500 Covered Call ETF | 9.39% | 10.51% | 13.44% | 9.08% | 7.93% | 5.76% | 7.12% | 4.67% | 3.24% | 4.65% | 4.15% | 2.49% |
Drawdowns
FCNKX vs. XYLD - Drawdown Comparison
The maximum FCNKX drawdown since its inception was -46.44%, which is greater than XYLD's maximum drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for FCNKX and XYLD. For additional features, visit the drawdowns tool.
Volatility
FCNKX vs. XYLD - Volatility Comparison
Fidelity Contrafund Fund (FCNKX) has a higher volatility of 4.79% compared to Global X S&P 500 Covered Call ETF (XYLD) at 2.42%. This indicates that FCNKX's price experiences larger fluctuations and is considered to be riskier than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.