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FCNTX vs. ISCF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FCNTX vs. ISCF

Last updated Jun 9, 2026

FCNTX (Fidelity Contrafund) and ISCF (iShares MSCI Intl Small-Cap Multifactor ETF) are both funds - FCNTX is a Large Cap Growth Equities fund managed by Fidelity, while ISCF is a Foreign Small & Mid Cap Equities fund tracking the MSCI World exUSA SmallCap Diversified Multi-Factor. Over the past 10 years, FCNTX returned 17.20%/yr vs 8.95%/yr for ISCF. A 0.63 correlation means they provide meaningful diversification when combined. FCNTX charges 0.39%/yr vs 0.40%/yr for ISCF.

Performance

FCNTX vs. ISCF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Contrafund (FCNTX) and iShares MSCI Intl Small-Cap Multifactor ETF (ISCF). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with FCNTX having a 6.03% return and ISCF slightly lower at 5.86%. Over the past 10 years, FCNTX has outperformed ISCF with an annualized return of 17.20%, while ISCF has yielded a comparatively lower 8.95% annualized return.

FCNTX

1D
-2.98%
1M
0.19%
YTD
6.03%
6M
6.20%
1Y
19.84%
3Y*
26.22%
5Y*
14.50%
10Y*
17.20%

ISCF

1D
0.37%
1M
-3.07%
YTD
5.86%
6M
8.37%
1Y
19.59%
3Y*
16.68%
5Y*
7.07%
10Y*
8.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FCNTX vs. ISCF - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FCNTX
Fidelity Contrafund		6.03%21.76%36.00%38.67%-28.31%24.52%32.48%30.00%-3.81%32.18%
ISCF
iShares MSCI Intl Small-Cap Multifactor ETF		5.86%33.65%4.75%11.50%-15.07%13.31%7.65%26.32%-18.76%38.13%

Correlation

The correlation between FCNTX and ISCF is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.66

Correlation (3Y)
Calculated over the trailing 3-year period

0.60

Correlation (5Y)
Calculated over the trailing 5-year period

0.68

Correlation (10Y)
Calculated over the trailing 10-year period

0.66

Correlation (All Time)
Calculated using the full available price history since May 1, 2015

0.63

The correlation between FCNTX and ISCF has been stable across timeframes, ranging from 0.60 to 0.68 - a consistent structural relationship.

FCNTX vs. ISCF - Sectors Allocation Comparison

Sectors
FCNTX
ISCF

Technology

27.0%
10.5%

Communication Services

21.2%
3.8%

Financial Services

13.8%
12.3%

Consumer Cyclical

10.1%
12.4%

Healthcare

9.2%
5.4%

Industrials

8.6%
23.3%

Consumer Defensive

3.7%
4.1%

Energy

3.6%
4.8%

Basic Materials

2.1%
11.2%

Utilities

0.5%
3.6%

Real Estate

0.1%
8.8%

Technology

FCNTX
27.0%
ISCF
10.5%

Communication Services

FCNTX
21.2%
ISCF
3.8%

Financial Services

FCNTX
13.8%
ISCF
12.3%

Consumer Cyclical

FCNTX
10.1%
ISCF
12.4%

Healthcare

FCNTX
9.2%
ISCF
5.4%

Industrials

FCNTX
8.6%
ISCF
23.3%

Consumer Defensive

FCNTX
3.7%
ISCF
4.1%

Energy

FCNTX
3.6%
ISCF
4.8%

Basic Materials

FCNTX
2.1%
ISCF
11.2%

Utilities

FCNTX
0.5%
ISCF
3.6%

Real Estate

FCNTX
0.1%
ISCF
8.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Contrafund

iShares MSCI Intl Small-Cap Multifactor ETF

Often compared with FCNTX:
FCNTX vs. FXAIXFCNTX vs. VOOFCNTX vs. FLCNXFCNTX vs. FDGFXFCNTX vs. FOCPXFCNTX vs. SCHDFCNTX vs. VPMAX
Often compared with ISCF:
ISCF vs. ISVLISCF vs. VSSISCF vs. AVDVISCF vs. SCZISCF vs. HSCZISCF vs. AVUVISCF vs. FISMX

Return for Risk

FCNTX vs. ISCF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FCNTX
FCNTX Risk / Return Rank: 3030
Overall Rank
FCNTX Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
FCNTX Sortino Ratio Rank: 2727
Sortino Ratio Rank
FCNTX Omega Ratio Rank: 2828
Omega Ratio Rank
FCNTX Calmar Ratio Rank: 2929
Calmar Ratio Rank
FCNTX Martin Ratio Rank: 3838
Martin Ratio Rank
ISCF
ISCF Risk / Return Rank: 4141
Overall Rank
ISCF Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
ISCF Sortino Ratio Rank: 4141
Sortino Ratio Rank
ISCF Omega Ratio Rank: 4242
Omega Ratio Rank
ISCF Calmar Ratio Rank: 3838
Calmar Ratio Rank
ISCF Martin Ratio Rank: 4343
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FCNTX vs. ISCF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Contrafund (FCNTX) and iShares MSCI Intl Small-Cap Multifactor ETF (ISCF). 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.

FCNTXISCFDifference
Sharpe ratioReturn per unit of total volatility
1.49
1.35

+0.14

Sortino ratioReturn per unit of downside risk
2.06
1.91

+0.15

Omega ratioGain probability vs. loss probability

1.27

1.24

+0.03

Calmar ratioReturn relative to maximum drawdown

1.89

1.73

+0.15

Martin ratioReturn relative to average drawdown

8.00

6.44

+1.56

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCNTX vs. ISCF - Sharpe Ratio Comparison

The current FCNTX Sharpe Ratio is 1.49, which is comparable to the ISCF Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of FCNTX and ISCF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FCNTXISCFDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.49

1.35

+0.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

0.43

+0.33

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.88

0.51

+0.36

Sharpe Ratio (All Time)

Calculated using the full available price history

0.77

0.48

+0.30

Drawdowns

FCNTX vs. ISCF - Drawdown Comparison

The maximum FCNTX drawdown since its inception was -49.19%, which is greater than ISCF's maximum drawdown of -40.79%. Use the drawdown chart below to compare losses from any high point for FCNTX and ISCF.

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Drawdown Indicators

FCNTXISCFDifference

Max Drawdown

Largest peak-to-trough decline

-49.19%

-40.79%

-8.40%

Max Drawdown (1Y)

Largest decline over 1 year

-11.30%

-11.34%

+0.04%

Max Drawdown (3Y)

Largest decline over 3 years

-19.75%

-13.85%

-5.90%

Max Drawdown (5Y)

Largest decline over 5 years

-32.59%

-30.70%

-1.89%

Max Drawdown (10Y)

Largest decline over 10 years

-32.59%

-40.79%

+8.20%

Current Drawdown

Current decline from peak

-2.98%

-3.93%

+0.95%

Average Drawdown

Average peak-to-trough decline

-8.16%

-8.14%

-0.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.66%

3.05%

-0.39%

Volatility

FCNTX vs. ISCF - Volatility Comparison

Fidelity Contrafund (FCNTX) and iShares MSCI Intl Small-Cap Multifactor ETF (ISCF) have volatilities of 4.35% and 4.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FCNTXISCFDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.35%

4.42%

-0.07%

Volatility (6M)

Calculated over the trailing 6-month period

10.93%

12.16%

-1.23%

Volatility (1Y)

Calculated over the trailing 1-year period

14.35%

14.64%

-0.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.19%

16.70%

+2.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.70%

17.46%

+2.24%

FCNTX vs. ISCF - Expense Ratio Comparison

FCNTX has a 0.39% expense ratio, which is lower than ISCF's 0.40% expense ratio.

Dividends

FCNTX vs. ISCF - Dividend Comparison

FCNTX's dividend yield for the trailing twelve months is around 4.40%, more than ISCF's 3.55% yield.

PositionTTM20252024202320222021202020192018201720162015
FCNTX
Fidelity Contrafund		4.40%5.21%4.19%3.78%11.87%10.80%8.01%4.16%7.46%6.08%3.81%5.33%
ISCF
iShares MSCI Intl Small-Cap Multifactor ETF		3.55%3.76%4.29%3.94%2.73%3.93%2.30%2.87%2.14%1.97%2.89%1.46%

Frequently Asked Questions

FCNTX and ISCF have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ISCF has higher volatility (4.42%) compared to FCNTX (4.35%). In terms of maximum drawdown, FCNTX dropped -49.19% vs ISCF's -40.79%.

FCNTX currently has the higher Sharpe Ratio (1.49 vs 1.35), 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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