FERCX vs. FCNTX

Last updated Jun 4, 2026

FERCX (Fidelity Advisor Emerging Asia Fund Class C) and FCNTX (Fidelity Contrafund) are both mutual funds - FERCX is a Asia Pacific Equities fund managed by Fidelity, while FCNTX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 10 years, FERCX returned 15.28%/yr vs 17.43%/yr for FCNTX. A 0.54 correlation means they provide meaningful diversification when combined. FERCX charges 1.96%/yr vs 0.39%/yr for FCNTX.

Performance

FERCX vs. FCNTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Emerging Asia Fund Class C (FERCX) and Fidelity Contrafund (FCNTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FERCX achieves a 39.60% return, which is significantly higher than FCNTX's 7.76% return. Over the past 10 years, FERCX has underperformed FCNTX with an annualized return of 15.28%, while FCNTX has yielded a comparatively higher 17.43% annualized return.

FERCX

• 1D: 1.89%
• 1M: 12.44%
• YTD: 39.60%
• 6M: 44.80%
• 1Y: 74.34%
• 3Y*: 33.99%
• 5Y*: 7.81%
• 10Y*: 15.28%

FCNTX

• 1D: -0.23%
• 1M: 3.65%
• YTD: 7.76%
• 6M: 10.05%
• 1Y: 23.72%
• 3Y*: 26.93%
• 5Y*: 15.12%
• 10Y*: 17.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FERCX vs. FCNTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FERCX Fidelity Advisor Emerging Asia Fund Class C	39.60%	35.65%	19.76%	12.64%	-31.29%	-15.75%	71.24%	29.64%	-15.72%	45.46%
FCNTX Fidelity Contrafund	7.76%	21.76%	36.00%	38.67%	-28.31%	24.52%	32.48%	30.00%	-3.81%	32.18%

Correlation

The correlation between FERCX and FCNTX is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jun 16, 1999	0.54

The correlation between FERCX and FCNTX has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.

FERCX vs. FCNTX - Sectors Allocation Comparison

Sectors	FERCX	FCNTX
Technology	42.6%	27.0%
Financial Services	14.9%	13.8%
Industrials	11.3%	8.6%
Consumer Cyclical	10.8%	10.1%
Communication Services	7.4%	21.2%
Basic Materials	5.1%	2.1%
Healthcare	4.2%	9.2%
Energy	2.0%	3.6%
Consumer Defensive	1.9%	3.7%
Real Estate	-	0.1%
Utilities	-	0.5%

Return for Risk

FERCX vs. FCNTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FERCX

FERCX Risk / Return Rank: 93
FERCX Sharpe Ratio Rank: 98
FERCX Sortino Ratio Rank: 91
FERCX Omega Ratio Rank: 91
FERCX Calmar Ratio Rank: 94
FERCX Martin Ratio Rank: 93

FCNTX

FCNTX Risk / Return Rank: 35
FCNTX Sharpe Ratio Rank: 35
FCNTX Sortino Ratio Rank: 33
FCNTX Omega Ratio Rank: 34
FCNTX Calmar Ratio Rank: 32
FCNTX Martin Ratio Rank: 42

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.

FERCX vs. FCNTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Emerging Asia Fund Class C (FERCX) and Fidelity Contrafund (FCNTX). 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.

	FERCX	FCNTX	Difference
Sharpe ratio: Return per unit of total volatility	3.80	1.72	+2.08
Sortino ratio: Return per unit of downside risk	4.51	2.39	+2.12
Omega ratio: Gain probability vs. loss probability	1.67	1.31	+0.36
Calmar ratio: Return relative to maximum drawdown	5.52	2.13	+3.40
Martin ratio: Return relative to average drawdown	19.96	9.04	+10.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FERCX vs. FCNTX - Sharpe Ratio Comparison

The current FERCX Sharpe Ratio is 3.80, which is higher than the FCNTX Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of FERCX and FCNTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FERCX	FCNTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.80	1.72	+2.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.79	-0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.89	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.78	-0.32

Drawdowns

FERCX vs. FCNTX - Drawdown Comparison

The maximum FERCX drawdown since its inception was -61.15%, which is greater than FCNTX's maximum drawdown of -49.19%. Use the drawdown chart below to compare losses from any high point for FERCX and FCNTX.

Drawdown Indicators

	FERCX	FCNTX	Difference
Max Drawdown Largest peak-to-trough decline	-61.15%	-49.19%	-11.96%
Max Drawdown (1Y) Largest decline over 1 year	-13.62%	-11.30%	-2.32%
Max Drawdown (3Y) Largest decline over 3 years	-17.64%	-19.75%	+2.11%
Max Drawdown (5Y) Largest decline over 5 years	-53.94%	-32.59%	-21.35%
Max Drawdown (10Y) Largest decline over 10 years	-58.44%	-32.59%	-25.85%
Current Drawdown Current decline from peak	0.00%	-0.53%	+0.53%
Average Drawdown Average peak-to-trough decline	-21.21%	-8.16%	-13.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.76%	2.65%	+1.11%

Volatility

FERCX vs. FCNTX - Volatility Comparison

Fidelity Advisor Emerging Asia Fund Class C (FERCX) has a higher volatility of 8.57% compared to Fidelity Contrafund (FCNTX) at 3.26%. This indicates that FERCX's price experiences larger fluctuations and is considered to be riskier than FCNTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FERCX	FCNTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.57%	3.26%	+5.31%
Volatility (6M) Calculated over the trailing 6-month period	16.66%	10.48%	+6.18%
Volatility (1Y) Calculated over the trailing 1-year period	19.82%	14.03%	+5.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.91%	19.15%	+3.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.98%	19.68%	+1.30%

FERCX vs. FCNTX - Expense Ratio Comparison

FERCX has a 1.96% expense ratio, which is higher than FCNTX's 0.39% expense ratio.

Dividends

FERCX vs. FCNTX - Dividend Comparison

FERCX has not paid dividends to shareholders, while FCNTX's dividend yield for the trailing twelve months is around 4.33%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCNTX Fidelity Contrafund	4.33%	5.21%	4.19%	3.78%	11.87%	10.80%	8.01%	4.16%	7.46%	6.08%	3.81%	5.33%
FERCX Fidelity Advisor Emerging Asia Fund Class C	0.00%	0.00%	0.00%	0.00%	0.00%	14.89%	7.03%	5.13%	6.53%	0.03%	0.56%	0.92%

Frequently Asked Questions

Can I hold both FERCX and FCNTX in my portfolio?

FERCX and FCNTX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FERCX or FCNTX?

FERCX has higher volatility (8.57%) compared to FCNTX (3.26%). In terms of maximum drawdown, FERCX dropped -61.15% vs FCNTX's -49.19%.

Which has better risk-adjusted returns?

FERCX currently has the higher Sharpe Ratio (3.80 vs 1.72), 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.