FCNTX vs. IVV
Compare and contrast key facts about Fidelity Contrafund Fund (FCNTX) and iShares Core S&P 500 ETF (IVV).
FCNTX is managed by Fidelity. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCNTX or IVV.
Key characteristics
| FCNTX | IVV | |
|---|---|---|
| YTD Return | 12.51% | 5.95% |
| 1Y Return | 32.39% | 22.68% |
| 3Y Return (Ann) | 7.91% | 8.01% |
| 5Y Return (Ann) | 14.88% | 13.40% |
| 10Y Return (Ann) | 14.20% | 12.39% |
| Sharpe Ratio | 2.35 | 1.94 |
| Daily Std Dev | 13.88% | 11.66% |
| Max Drawdown | -93.41% | -55.25% |
| Current Drawdown | -5.63% | -4.05% |
Correlation
The correlation between FCNTX and IVV is 0.91, 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.
Performance
FCNTX vs. IVV - Performance Comparison
In the year-to-date period, FCNTX achieves a 12.51% return, which is significantly higher than IVV's 5.95% return. Over the past 10 years, FCNTX has outperformed IVV with an annualized return of 14.20%, while IVV has yielded a comparatively lower 12.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FCNTX vs. IVV - Expense Ratio Comparison
FCNTX has a 0.81% expense ratio, which is higher than IVV's 0.03% expense ratio.
Risk-Adjusted Performance
FCNTX vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Contrafund Fund (FCNTX) and iShares Core S&P 500 ETF (IVV). 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. IVV - Dividend Comparison
FCNTX's dividend yield for the trailing twelve months is around 2.83%, more than IVV's 1.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNTX Fidelity Contrafund Fund | 2.83% | 4.26% | 13.65% | 10.80% | 8.01% | 4.16% | 9.14% | 6.17% | 3.81% | 5.33% | 7.55% | 7.89% |
IVV iShares Core S&P 500 ETF | 1.37% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.20% | 1.75% | 2.01% | 2.26% | 1.82% | 1.80% |
Drawdowns
FCNTX vs. IVV - Drawdown Comparison
The maximum FCNTX drawdown since its inception was -93.41%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for FCNTX and IVV. For additional features, visit the drawdowns tool.
Volatility
FCNTX vs. IVV - Volatility Comparison
Fidelity Contrafund Fund (FCNTX) has a higher volatility of 4.92% compared to iShares Core S&P 500 ETF (IVV) at 3.92%. This indicates that FCNTX's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.