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.
Correlation
The correlation between FCNKX and XYLD is 0.75, 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. XYLD - Performance Comparison
Key characteristics
FCNKX:
2.01
XYLD:
2.79
FCNKX:
2.70
XYLD:
3.88
FCNKX:
1.37
XYLD:
1.73
FCNKX:
1.91
XYLD:
3.91
FCNKX:
10.68
XYLD:
25.39
FCNKX:
3.10%
XYLD:
0.80%
FCNKX:
16.52%
XYLD:
7.28%
FCNKX:
-46.42%
XYLD:
-33.46%
FCNKX:
-1.52%
XYLD:
-0.05%
Returns By Period
In the year-to-date period, FCNKX achieves a 6.11% return, which is significantly higher than XYLD's 2.31% return. Over the past 10 years, FCNKX has outperformed XYLD with an annualized return of 9.21%, while XYLD has yielded a comparatively lower 7.59% annualized return.
FCNKX
6.11%
3.32%
13.61%
31.19%
10.41%
9.21%
XYLD
2.31%
1.51%
13.51%
19.89%
7.26%
7.59%
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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.
Risk-Adjusted Performance
FCNKX vs. XYLD — Risk-Adjusted Performance Rank
FCNKX
XYLD
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 0.18%, less than XYLD's 11.53% 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% |
XYLD Global X S&P 500 Covered Call ETF | 11.53% | 11.55% | 10.51% | 13.44% | 9.08% | 7.93% | 5.75% | 7.12% | 4.67% | 3.24% | 4.65% | 4.15% |
Drawdowns
FCNKX vs. XYLD - Drawdown Comparison
The maximum FCNKX drawdown since its inception was -46.42%, 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 4.60% compared to Global X S&P 500 Covered Call ETF (XYLD) at 1.96%. 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.