FCNTX vs. FTBFX
FCNTX (Fidelity Contrafund) and FTBFX (Fidelity Total Bond Fund) are both mutual funds - FCNTX is a Large Cap Growth Equities fund managed by Fidelity, while FTBFX is a Intermediate Core-Plus Bond fund actively managed by Fidelity. Over the past 10 years, FCNTX returned 17.48%/yr vs 2.43%/yr for FTBFX. At a correlation of -0.08, they often move in opposite directions. FCNTX charges 0.39%/yr vs 0.45%/yr for FTBFX.
Performance
FCNTX vs. FTBFX - Performance Comparison
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Returns By Period
In the year-to-date period, FCNTX achieves a 6.65% return, which is significantly higher than FTBFX's 0.57% return. Over the past 10 years, FCNTX has outperformed FTBFX with an annualized return of 17.48%, while FTBFX has yielded a comparatively lower 2.43% annualized return.
FCNTX
- 1D
- 1.81%
- 1M
- -0.15%
- YTD
- 6.65%
- 6M
- 7.93%
- 1Y
- 20.59%
- 3Y*
- 26.12%
- 5Y*
- 14.41%
- 10Y*
- 17.48%
FTBFX
- 1D
- 0.53%
- 1M
- 0.47%
- YTD
- 0.57%
- 6M
- 1.02%
- 1Y
- 4.86%
- 3Y*
- 4.80%
- 5Y*
- 0.60%
- 10Y*
- 2.43%
FCNTX vs. FTBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCNTX Fidelity Contrafund | 6.65% | 21.76% | 36.00% | 38.67% | -28.31% | 24.52% | 32.48% | 30.00% | -3.81% | 32.18% |
FTBFX Fidelity Total Bond Fund | 0.57% | 7.50% | 2.13% | 7.25% | -13.58% | -0.44% | 9.34% | 9.89% | -0.66% | 4.19% |
Correlation
The correlation between FCNTX and FTBFX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2002 | -0.08 |
The correlation between FCNTX and FTBFX shifts across timeframes, from -0.08 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FCNTX vs. FTBFX — Risk / Return Rank
FCNTX
FTBFX
FCNTX vs. FTBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Contrafund (FCNTX) and Fidelity Total Bond Fund (FTBFX). 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 | FTBFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 1.80 | +0.06 |
| Martin ratioReturn relative to average drawdown | 7.80 | 5.30 | +2.50 |
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Drawdowns
FCNTX vs. FTBFX - Drawdown Comparison
The maximum FCNTX drawdown since its inception was -49.19%, which is greater than FTBFX's maximum drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for FCNTX and FTBFX.
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Drawdown Indicators
| FCNTX | FTBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.19% | -18.25% | -30.94% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -2.89% | -8.41% |
Max Drawdown (3Y)Largest decline over 3 years | -19.75% | -5.82% | -13.93% |
Max Drawdown (5Y)Largest decline over 5 years | -32.59% | -18.25% | -14.34% |
Max Drawdown (10Y)Largest decline over 10 years | -32.59% | -18.25% | -14.34% |
Current DrawdownCurrent decline from peak | -2.41% | -1.31% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -2.32% | -5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 0.98% | +1.71% |
Volatility
FCNTX vs. FTBFX - Volatility Comparison
Fidelity Contrafund (FCNTX) has a higher volatility of 5.07% compared to Fidelity Total Bond Fund (FTBFX) at 1.43%. This indicates that FCNTX's price experiences larger fluctuations and is considered to be riskier than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCNTX | FTBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.07% | 1.43% | +3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 11.16% | 2.85% | +8.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.53% | 3.84% | +10.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.23% | 5.67% | +13.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 4.73% | +14.98% |
FCNTX vs. FTBFX - Expense Ratio Comparison
FCNTX has a 0.39% expense ratio, which is lower than FTBFX's 0.45% expense ratio.
Dividends
FCNTX vs. FTBFX - Dividend Comparison
FCNTX's dividend yield for the trailing twelve months is around 4.38%, which matches FTBFX's 4.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNTX Fidelity Contrafund | 4.38% | 5.21% | 4.19% | 3.78% | 11.87% | 10.80% | 8.01% | 4.16% | 7.46% | 6.08% | 3.81% | 5.33% |
FTBFX Fidelity Total Bond Fund | 4.36% | 4.36% | 4.15% | 4.15% | 2.54% | 1.89% | 5.22% | 3.03% | 3.19% | 2.97% | 3.61% | 3.30% |
Frequently Asked Questions
FCNTX and FTBFX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCNTX has higher volatility (5.07%) compared to FTBFX (1.43%). In terms of maximum drawdown, FCNTX dropped -49.19% vs FTBFX's -18.25%.
FCNTX currently has the higher Sharpe Ratio (1.45 vs 1.36), 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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