FCNTX vs. FXAIX
Compare and contrast key facts about Fidelity Contrafund Fund (FCNTX) and Fidelity 500 Index Fund (FXAIX).
FCNTX is managed by Fidelity. It was launched on May 17, 1967. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCNTX or FXAIX.
Performance
FCNTX vs. FXAIX - Performance Comparison
Returns By Period
In the year-to-date period, FCNTX achieves a 33.71% return, which is significantly higher than FXAIX's 24.55% return. Over the past 10 years, FCNTX has underperformed FXAIX with an annualized return of 8.68%, while FXAIX has yielded a comparatively higher 13.02% annualized return.
FCNTX
33.71%
-0.51%
11.68%
35.97%
10.04%
8.68%
FXAIX
24.55%
0.58%
11.42%
32.03%
15.31%
13.02%
Key characteristics
| FCNTX | FXAIX | |
|---|---|---|
| Sharpe Ratio | 2.36 | 2.63 |
| Sortino Ratio | 3.19 | 3.52 |
| Omega Ratio | 1.44 | 1.49 |
| Calmar Ratio | 0.39 | 3.81 |
| Martin Ratio | 14.71 | 17.22 |
| Ulcer Index | 2.50% | 1.87% |
| Daily Std Dev | 15.58% | 12.24% |
| Max Drawdown | -99.90% | -33.79% |
| Current Drawdown | -90.71% | -2.14% |
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FCNTX vs. FXAIX - Expense Ratio Comparison
FCNTX has a 0.39% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Correlation
The correlation between FCNTX and FXAIX is 0.92, 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.
Risk-Adjusted Performance
FCNTX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Contrafund Fund (FCNTX) and Fidelity 500 Index Fund (FXAIX). 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
FCNTX vs. FXAIX - Dividend Comparison
FCNTX's dividend yield for the trailing twelve months is around 0.38%, less than FXAIX's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNTX Fidelity Contrafund Fund | 0.38% | 0.48% | 2.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.10% | 0.30% | 0.31% | 7.55% | 7.89% |
FXAIX Fidelity 500 Index Fund | 1.24% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
FCNTX vs. FXAIX - Drawdown Comparison
The maximum FCNTX drawdown since its inception was -99.90%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FCNTX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FCNTX vs. FXAIX - Volatility Comparison
Fidelity Contrafund Fund (FCNTX) has a higher volatility of 4.93% compared to Fidelity 500 Index Fund (FXAIX) at 4.05%. This indicates that FCNTX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.