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.
Key characteristics
| FCNKX | XYLD | |
|---|---|---|
| YTD Return | 12.66% | 4.43% |
| 1Y Return | 37.77% | 8.75% |
| 3Y Return (Ann) | 9.00% | 4.59% |
| 5Y Return (Ann) | 15.31% | 5.49% |
| 10Y Return (Ann) | 14.07% | 6.23% |
| Sharpe Ratio | 2.64 | 1.31 |
| Daily Std Dev | 13.74% | 6.25% |
| Max Drawdown | -46.44% | -33.46% |
| Current Drawdown | -5.56% | -1.46% |
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.
Performance
FCNKX vs. XYLD - Performance Comparison
In the year-to-date period, FCNKX achieves a 12.66% return, which is significantly higher than XYLD's 4.43% return. Over the past 10 years, FCNKX has outperformed XYLD with an annualized return of 14.07%, while XYLD has yielded a comparatively lower 6.23% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 2.94%, less than XYLD's 9.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNKX Fidelity Contrafund Fund | 2.94% | 4.31% | 13.69% | 10.77% | 8.00% | 4.15% | 9.14% | 6.26% | 3.92% | 0.41% | 7.77% | 8.11% |
XYLD Global X S&P 500 Covered Call ETF | 9.60% | 10.51% | 13.44% | 9.08% | 7.93% | 5.76% | 7.12% | 4.67% | 3.23% | 4.65% | 4.14% | 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 4.96% compared to Global X S&P 500 Covered Call ETF (XYLD) at 1.89%. 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.