FCNTX vs. MSSGX
Compare and contrast key facts about Fidelity Contrafund Fund (FCNTX) and Morgan Stanley Institutional Fund, Inc. Inception Portfolio (MSSGX).
FCNTX is managed by Fidelity. It was launched on May 17, 1967. MSSGX is managed by T. Rowe Price. It was launched on Nov 1, 1989.
Performance
FCNTX vs. MSSGX - Performance Comparison
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Returns By Period
In the year-to-date period, FCNTX achieves a -4.61% return, which is significantly higher than MSSGX's -12.55% return. Over the past 10 years, FCNTX has outperformed MSSGX with an annualized return of 16.17%, while MSSGX has yielded a comparatively lower 14.25% annualized return.
FCNTX
- 1D
- -0.04%
- 1M
- -4.54%
- YTD
- -4.61%
- 6M
- -1.83%
- 1Y
- 33.46%
- 3Y*
- 24.90%
- 5Y*
- 13.39%
- 10Y*
- 16.17%
MSSGX
- 1D
- 1.60%
- 1M
- -6.04%
- YTD
- -12.55%
- 6M
- -27.03%
- 1Y
- 9.20%
- 3Y*
- 13.63%
- 5Y*
- -11.24%
- 10Y*
- 14.25%
FCNTX vs. MSSGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCNTX Fidelity Contrafund Fund | -4.61% | 21.76% | 36.00% | 38.67% | -28.31% | 24.52% | 32.48% | 30.00% | -3.81% | 32.18% |
MSSGX Morgan Stanley Institutional Fund, Inc. Inception Portfolio | -12.55% | 1.07% | 29.65% | 54.44% | -59.42% | -3.74% | 150.29% | 66.18% | 0.26% | 22.58% |
Correlation
The correlation between FCNTX and MSSGX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.
FCNTX vs. MSSGX - Expense Ratio Comparison
FCNTX has a 0.39% expense ratio, which is lower than MSSGX's 1.04% expense ratio.
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Return for Risk
FCNTX vs. MSSGX — Risk / Return Rank
FCNTX
MSSGX
FCNTX vs. MSSGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Contrafund Fund (FCNTX) and Morgan Stanley Institutional Fund, Inc. Inception Portfolio (MSSGX). 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.
| FCNTX | MSSGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | -0.14 | +1.12 |
Sortino ratioReturn per unit of downside risk | 1.51 | 0.03 | +1.48 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.00 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | -0.05 | +1.83 |
Martin ratioReturn relative to average drawdown | 6.67 | -0.12 | +6.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCNTX | MSSGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | -0.14 | +1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | -0.30 | +1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.43 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.41 | +0.35 |
Drawdowns
FCNTX vs. MSSGX - Drawdown Comparison
The maximum FCNTX drawdown since its inception was -49.19%, smaller than the maximum MSSGX drawdown of -76.01%. Use the drawdown chart below to compare losses from any high point for FCNTX and MSSGX.
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Drawdown Indicators
| FCNTX | MSSGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.19% | -76.01% | +26.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -32.84% | +21.54% |
Max Drawdown (5Y)Largest decline over 5 years | -32.59% | -73.07% | +40.48% |
Max Drawdown (10Y)Largest decline over 10 years | -32.59% | -76.01% | +43.42% |
Current DrawdownCurrent decline from peak | -7.46% | -55.54% | +48.08% |
Average DrawdownAverage peak-to-trough decline | -8.18% | -22.06% | +13.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 13.13% | -10.11% |
Volatility
FCNTX vs. MSSGX - Volatility Comparison
The current volatility for Fidelity Contrafund Fund (FCNTX) is 6.43%, while Morgan Stanley Institutional Fund, Inc. Inception Portfolio (MSSGX) has a volatility of 10.13%. This indicates that FCNTX experiences smaller price fluctuations and is considered to be less risky than MSSGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCNTX | MSSGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.43% | 10.13% | -3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 11.15% | 23.79% | -12.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.96% | 33.10% | -13.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.17% | 37.77% | -18.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.64% | 33.53% | -13.89% |
Dividends
FCNTX vs. MSSGX - Dividend Comparison
FCNTX's dividend yield for the trailing twelve months is around 4.89%, while MSSGX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNTX Fidelity Contrafund Fund | 4.89% | 5.21% | 4.19% | 3.78% | 11.87% | 10.80% | 8.01% | 4.16% | 7.46% | 6.08% | 3.81% | 5.33% |
MSSGX Morgan Stanley Institutional Fund, Inc. Inception Portfolio | 0.00% | 0.00% | 0.99% | 0.00% | 0.39% | 24.63% | 9.61% | 34.65% | 14.40% | 47.33% | 3.32% | 8.67% |