FCNTX vs. FSSKX

Last updated Aug 6, 2026

FCNTX (Fidelity Contrafund) and FSSKX (Fidelity Advisor Stock Selector All Cap Fund Class K) are both Large Cap Growth Equities funds from Fidelity. Over the past 10 years, FCNTX returned 17.38%/yr vs 15.29%/yr for FSSKX. Their correlation of 0.94 means they have usually moved in the same direction. FCNTX charges 0.39%/yr vs 0.58%/yr for FSSKX.

Performance

FCNTX vs. FSSKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Contrafund (FCNTX) and Fidelity Advisor Stock Selector All Cap Fund Class K (FSSKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCNTX achieves a 11.14% return, which is significantly lower than FSSKX's 19.15% return. Over the past 10 years, FCNTX has outperformed FSSKX with an annualized return of 17.38%, while FSSKX has yielded a comparatively lower 15.29% annualized return.

FCNTX

• 1D: 1.89%
• 1M: 0.45%
• 6M: 10.19%
• YTD: 11.14%
• 1Y: 18.85%
• 3Y*: 25.79%
• 5Y*: 13.94%
• 10Y*: 17.38%
• ALL TIME*: 13.58%

FSSKX

• 1D: 1.67%
• 1M: 2.43%
• 6M: 17.10%
• YTD: 19.15%
• 1Y: 32.26%
• 3Y*: 22.32%
• 5Y*: 12.80%
• 10Y*: 15.29%
• ALL TIME*: 11.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FCNTX Fidelity Contrafund	$0.00	$0.00	$0.00
FSSKX Fidelity Advisor Stock Selector All Cap Fund Class K	$0.00	$0.00	$0.00

FCNTX vs. FSSKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCNTX Fidelity Contrafund	11.14%	21.76%	36.00%	38.67%	-28.31%	24.52%	32.48%	30.00%	-3.81%	32.18%
FSSKX Fidelity Advisor Stock Selector All Cap Fund Class K	19.15%	18.98%	19.89%	27.04%	-19.47%	23.28%	25.01%	32.33%	-8.52%	24.38%

Correlation

The correlation between FCNTX and FSSKX is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since May 9, 2008	0.94

The correlation between FCNTX and FSSKX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

FCNTX vs. FSSKX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FCNTX

FCNTX Risk / Return Rank: 30
FCNTX Sharpe Ratio Rank: 29
FCNTX Sortino Ratio Rank: 28
FCNTX Omega Ratio Rank: 27
FCNTX Calmar Ratio Rank: 31
FCNTX Martin Ratio Rank: 37

FSSKX

FSSKX Risk / Return Rank: 86
FSSKX Sharpe Ratio Rank: 87
FSSKX Sortino Ratio Rank: 82
FSSKX Omega Ratio Rank: 80
FSSKX Calmar Ratio Rank: 87
FSSKX Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FCNTX vs. FSSKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Contrafund (FCNTX) and Fidelity Advisor Stock Selector All Cap Fund Class K (FSSKX). 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	FSSKX	Difference
Sharpe ratio: Return per unit of total volatility	1.16	2.23	-1.07
Sortino ratio: Return per unit of downside risk	1.67	3.02	-1.35
Omega ratio: Gain probability vs. loss probability	1.21	1.39	-0.19
Calmar ratio: Return relative to maximum drawdown	1.58	3.46	-1.87
Martin ratio: Return relative to average drawdown	6.14	15.62	-9.48

FCNTX vs. FSSKX - Sharpe Ratio Comparison

The current FCNTX Sharpe Ratio is 1.16, which is lower than the FSSKX Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of FCNTX and FSSKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCNTX vs. FSSKX - Drawdown Comparison

The maximum FCNTX drawdown since its inception was -49.19%, smaller than the maximum FSSKX drawdown of -53.43%. Use the drawdown chart below to compare losses from any high point for FCNTX and FSSKX.

Drawdown Indicators

	FCNTX	FSSKX	Difference
Max Drawdown Largest peak-to-trough decline	-49.19%	-53.43%	+4.24%
Max Drawdown (1Y) Largest decline over 1 year	-11.30%	-9.20%	-2.10%
Max Drawdown (3Y) Largest decline over 3 years	-19.75%	-20.84%	+1.09%
Max Drawdown (5Y) Largest decline over 5 years	-32.59%	-25.20%	-7.39%
Max Drawdown (10Y) Largest decline over 10 years	-32.59%	-34.37%	+1.78%
Current Drawdown Current decline from peak	-0.33%	0.00%	-0.33%
Average Drawdown Average peak-to-trough decline	-8.14%	-7.65%	-0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	2.03%	+0.88%

Volatility

FCNTX vs. FSSKX - Volatility Comparison

Fidelity Contrafund (FCNTX) has a higher volatility of 4.95% compared to Fidelity Advisor Stock Selector All Cap Fund Class K (FSSKX) at 4.36%. This indicates that FCNTX's price experiences larger fluctuations and is considered to be riskier than FSSKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCNTX	FSSKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.95%	4.36%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	12.52%	11.57%	+0.95%
Volatility (1Y) Calculated over the trailing 1-year period	15.51%	14.32%	+1.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.41%	17.97%	+1.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.76%	18.61%	+1.15%

FCNTX vs. FSSKX - Expense Ratio Comparison

FCNTX has a 0.39% expense ratio, which is lower than FSSKX's 0.58% expense ratio.

Dividends

FCNTX vs. FSSKX - Dividend Comparison

FCNTX's dividend yield for the trailing twelve months is around 4.20%, more than FSSKX's 4.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCNTX Fidelity Contrafund	4.20%	5.21%	4.19%	3.78%	11.87%	10.80%	8.01%	4.16%	7.46%	6.08%	3.81%	5.33%
FSSKX Fidelity Advisor Stock Selector All Cap Fund Class K	4.01%	4.78%	4.87%	2.11%	0.38%	1.44%	5.29%	6.17%	4.37%	3.07%	1.12%	5.23%

Frequently Asked Questions

Can I hold both FCNTX and FSSKX in my portfolio?

With a correlation of 0.92, FCNTX and FSSKX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FCNTX or FSSKX?

FCNTX has higher volatility (4.95%) compared to FSSKX (4.36%). In terms of maximum drawdown, FCNTX dropped -49.19% vs FSSKX's -53.43%.

Which has better risk-adjusted returns?

FSSKX currently has the higher Sharpe Ratio (2.23 vs 1.16), 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.