FCNTX vs. FFTHX
FCNTX (Fidelity Contrafund) and FFTHX (Fidelity Freedom 2035 Fund) are both mutual funds - FCNTX is a Large Cap Growth Equities fund managed by Fidelity, while FFTHX is a Target Retirement Date fund actively managed by Fidelity. Over the past 10 years, FCNTX returned 18.01%/yr vs 11.18%/yr for FFTHX. Their correlation of 0.89 suggests significant overlap in exposure. FCNTX charges 0.39%/yr vs 0.63%/yr for FFTHX.
Performance
FCNTX vs. FFTHX - Performance Comparison
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Returns By Period
In the year-to-date period, FCNTX achieves a 8.62% return, which is significantly lower than FFTHX's 10.57% return. Over the past 10 years, FCNTX has outperformed FFTHX with an annualized return of 18.01%, while FFTHX has yielded a comparatively lower 11.18% annualized return.
FCNTX
- 1D
- -2.12%
- 1M
- 1.97%
- YTD
- 8.62%
- 6M
- 7.74%
- 1Y
- 22.83%
- 3Y*
- 26.52%
- 5Y*
- 14.58%
- 10Y*
- 18.01%
FFTHX
- 1D
- -0.26%
- 1M
- 2.36%
- YTD
- 10.57%
- 6M
- 10.24%
- 1Y
- 23.12%
- 3Y*
- 16.39%
- 5Y*
- 7.94%
- 10Y*
- 11.18%
FCNTX vs. FFTHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCNTX Fidelity Contrafund | 8.62% | 21.76% | 36.00% | 38.67% | -28.31% | 24.52% | 32.48% | 30.00% | -3.81% | 32.18% |
FFTHX Fidelity Freedom 2035 Fund | 10.57% | 19.16% | 11.03% | 17.67% | -17.67% | 14.44% | 17.14% | 24.49% | -8.40% | 20.73% |
Correlation
The correlation between FCNTX and FFTHX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2003 | 0.89 |
The correlation between FCNTX and FFTHX has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.
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Return for Risk
FCNTX vs. FFTHX — Risk / Return Rank
FCNTX
FFTHX
FCNTX vs. FFTHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Contrafund (FCNTX) and Fidelity Freedom 2035 Fund (FFTHX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FCNTX | FFTHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.44 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 3.19 | -1.05 |
| Martin ratioReturn relative to average drawdown | 8.97 | 13.69 | -4.72 |
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Drawdowns
FCNTX vs. FFTHX - Drawdown Comparison
The maximum FCNTX drawdown since its inception was -49.19%, smaller than the maximum FFTHX drawdown of -52.86%. Use the drawdown chart below to compare losses from any high point for FCNTX and FFTHX.
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Drawdown Indicators
| FCNTX | FFTHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.19% | -52.86% | +3.67% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -7.52% | -3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -19.75% | -11.60% | -8.15% |
Max Drawdown (5Y)Largest decline over 5 years | -32.59% | -25.94% | -6.65% |
Max Drawdown (10Y)Largest decline over 10 years | -32.59% | -28.81% | -3.78% |
Current DrawdownCurrent decline from peak | -2.59% | -0.26% | -2.33% |
Average DrawdownAverage peak-to-trough decline | -8.15% | -6.94% | -1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 1.75% | +0.94% |
Volatility
FCNTX vs. FFTHX - Volatility Comparison
Fidelity Contrafund (FCNTX) has a higher volatility of 6.33% compared to Fidelity Freedom 2035 Fund (FFTHX) at 4.23%. This indicates that FCNTX's price experiences larger fluctuations and is considered to be riskier than FFTHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCNTX | FFTHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 4.23% | +2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 11.87% | 8.80% | +3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.10% | 10.38% | +4.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.32% | 12.51% | +6.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.76% | 13.55% | +6.21% |
FCNTX vs. FFTHX - Expense Ratio Comparison
FCNTX has a 0.39% expense ratio, which is lower than FFTHX's 0.63% expense ratio.
Dividends
FCNTX vs. FFTHX - Dividend Comparison
FCNTX's dividend yield for the trailing twelve months is around 4.30%, less than FFTHX's 5.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNTX Fidelity Contrafund | 4.30% | 5.21% | 4.19% | 3.78% | 11.87% | 10.80% | 8.01% | 4.16% | 7.46% | 6.08% | 3.81% | 5.33% |
FFTHX Fidelity Freedom 2035 Fund | 5.83% | 5.03% | 2.75% | 1.86% | 11.21% | 11.62% | 5.93% | 6.75% | 7.66% | 3.17% | 4.00% | 5.97% |
Frequently Asked Questions
FCNTX and FFTHX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCNTX has higher volatility (6.33%) compared to FFTHX (4.23%). In terms of maximum drawdown, FCNTX dropped -49.19% vs FFTHX's -52.86%.
FFTHX currently has the higher Sharpe Ratio (2.31 vs 1.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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