FCNTX vs. TIP
FCNTX (Fidelity Contrafund) and TIP (iShares TIPS Bond ETF) are both funds - FCNTX is a Large Cap Growth Equities fund managed by Fidelity, while TIP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index. Over the past 10 years, FCNTX returned 17.48%/yr vs 2.53%/yr for TIP. At a correlation of -0.07, they often move in opposite directions. FCNTX charges 0.39%/yr vs 0.18%/yr for TIP.
Performance
FCNTX vs. TIP - 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 TIP's 1.40% return. Over the past 10 years, FCNTX has outperformed TIP with an annualized return of 17.48%, while TIP has yielded a comparatively lower 2.53% 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%
TIP
- 1D
- 0.01%
- 1M
- -0.21%
- YTD
- 1.40%
- 6M
- 1.42%
- 1Y
- 4.61%
- 3Y*
- 4.00%
- 5Y*
- 0.91%
- 10Y*
- 2.53%
FCNTX vs. TIP - 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% |
TIP iShares TIPS Bond ETF | 1.40% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
Correlation
The correlation between FCNTX and TIP is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2003 | -0.07 |
The correlation between FCNTX and TIP shifts across timeframes, from -0.07 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FCNTX vs. TIP — Risk / Return Rank
FCNTX
TIP
FCNTX vs. TIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Contrafund (FCNTX) and iShares TIPS Bond ETF (TIP). 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 | TIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.34 | -0.48 |
| Martin ratioReturn relative to average drawdown | 7.80 | 7.00 | +0.80 |
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Drawdowns
FCNTX vs. TIP - Drawdown Comparison
The maximum FCNTX drawdown since its inception was -49.19%, which is greater than TIP's maximum drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for FCNTX and TIP.
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Drawdown Indicators
| FCNTX | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.19% | -14.57% | -34.62% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -1.98% | -9.32% |
Max Drawdown (3Y)Largest decline over 3 years | -19.75% | -4.54% | -15.21% |
Max Drawdown (5Y)Largest decline over 5 years | -32.59% | -14.51% | -18.08% |
Max Drawdown (10Y)Largest decline over 10 years | -32.59% | -14.51% | -18.08% |
Current DrawdownCurrent decline from peak | -2.41% | -0.46% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -3.43% | -4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 0.66% | +2.03% |
Volatility
FCNTX vs. TIP - Volatility Comparison
Fidelity Contrafund (FCNTX) has a higher volatility of 5.07% compared to iShares TIPS Bond ETF (TIP) at 1.03%. This indicates that FCNTX's price experiences larger fluctuations and is considered to be riskier than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCNTX | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.07% | 1.03% | +4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 11.16% | 2.32% | +8.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.53% | 3.39% | +11.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.23% | 6.21% | +13.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 5.74% | +13.97% |
FCNTX vs. TIP - Expense Ratio Comparison
FCNTX has a 0.39% expense ratio, which is higher than TIP's 0.18% expense ratio.
Dividends
FCNTX vs. TIP - Dividend Comparison
FCNTX's dividend yield for the trailing twelve months is around 4.38%, more than TIP's 3.76% 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% |
TIP iShares TIPS Bond ETF | 3.76% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
Frequently Asked Questions
FCNTX and TIP have a correlation of 0.15, 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 TIP (1.03%). In terms of maximum drawdown, FCNTX dropped -49.19% vs TIP's -14.57%.
FCNTX currently has the higher Sharpe Ratio (1.45 vs 1.37), 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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