FFDKX vs. FLCNX

Last updated Aug 5, 2026

FFDKX (Fidelity Fund Class K) and FLCNX (Fidelity Contrafund K6) are both Large Cap Growth Equities funds from Fidelity. Over the past 5 years, FFDKX returned 11.88%/yr vs 13.78%/yr for FLCNX. Their 0.96 correlation means they have historically moved very closely together. FFDKX charges 0.38%/yr vs 0.45%/yr for FLCNX.

Performance

FFDKX vs. FLCNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Fund Class K (FFDKX) and Fidelity Contrafund K6 (FLCNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFDKX achieves a 7.70% return, which is significantly lower than FLCNX's 8.82% return.

FFDKX

• 1D: 2.04%
• 1M: 4.06%
• 6M: 6.89%
• YTD: 7.70%
• 1Y: 17.27%
• 3Y*: 21.47%
• 5Y*: 11.88%
• 10Y*: 15.58%
• ALL TIME*: 11.24%

FLCNX

• 1D: 2.01%
• 1M: 0.03%
• 6M: 7.10%
• YTD: 8.82%
• 1Y: 14.88%
• 3Y*: 25.02%
• 5Y*: 13.78%
• 10Y*: —
• ALL TIME*: 17.11%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FFDKX Fidelity Fund Class K	$0.00	$0.00	$0.00
FLCNX Fidelity Contrafund K6	$0.00	$0.00	$0.00

FFDKX vs. FLCNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFDKX Fidelity Fund Class K	7.70%	20.13%	27.24%	31.03%	-25.81%	33.32%	26.55%	33.57%	-5.23%	13.35%
FLCNX Fidelity Contrafund K6	8.82%	22.05%	35.37%	37.67%	-27.13%	24.21%	30.85%	30.91%	-2.16%	13.77%

Correlation

The correlation between FFDKX and FLCNX is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (All Time) Calculated using the full available price history since May 25, 2017	0.96

The correlation between FFDKX and FLCNX has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.

Return for Risk

FFDKX vs. FLCNX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FFDKX

FFDKX Risk / Return Rank: 44
FFDKX Sharpe Ratio Rank: 47
FFDKX Sortino Ratio Rank: 46
FFDKX Omega Ratio Rank: 41
FFDKX Calmar Ratio Rank: 39
FFDKX Martin Ratio Rank: 46

FLCNX

FLCNX Risk / Return Rank: 31
FLCNX Sharpe Ratio Rank: 30
FLCNX Sortino Ratio Rank: 30
FLCNX Omega Ratio Rank: 29
FLCNX Calmar Ratio Rank: 30
FLCNX Martin Ratio Rank: 35

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FFDKX vs. FLCNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Fund Class K (FFDKX) and Fidelity Contrafund K6 (FLCNX). 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.

	FFDKX	FLCNX	Difference
Sharpe ratio: Return per unit of total volatility	1.49	1.09	+0.39
Sortino ratio: Return per unit of downside risk	2.12	1.58	+0.55
Omega ratio: Gain probability vs. loss probability	1.26	1.20	+0.06
Calmar ratio: Return relative to maximum drawdown	1.79	1.45	+0.34
Martin ratio: Return relative to average drawdown	7.12	5.64	+1.49

FFDKX vs. FLCNX - Sharpe Ratio Comparison

The current FFDKX Sharpe Ratio is 1.49, which is higher than the FLCNX Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of FFDKX and FLCNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FFDKX vs. FLCNX - Drawdown Comparison

The maximum FFDKX drawdown since its inception was -52.66%, which is greater than FLCNX's maximum drawdown of -32.07%. Use the drawdown chart below to compare losses from any high point for FFDKX and FLCNX.

Drawdown Indicators

	FFDKX	FLCNX	Difference
Max Drawdown Largest peak-to-trough decline	-52.66%	-32.07%	-20.59%
Max Drawdown (1Y) Largest decline over 1 year	-10.86%	-11.73%	+0.87%
Max Drawdown (3Y) Largest decline over 3 years	-22.41%	-20.14%	-2.27%
Max Drawdown (5Y) Largest decline over 5 years	-30.28%	-32.07%	+1.79%
Max Drawdown (10Y) Largest decline over 10 years	-30.65%	—	—
Current Drawdown Current decline from peak	0.00%	-1.28%	+1.28%
Average Drawdown Average peak-to-trough decline	-8.14%	-6.57%	-1.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	3.00%	-0.28%

Volatility

FFDKX vs. FLCNX - Volatility Comparison

The current volatility for Fidelity Fund Class K (FFDKX) is 3.94%, while Fidelity Contrafund K6 (FLCNX) has a volatility of 4.55%. This indicates that FFDKX experiences smaller price fluctuations and is considered to be less risky than FLCNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFDKX	FLCNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	4.55%	-0.61%
Volatility (6M) Calculated over the trailing 6-month period	10.08%	12.38%	-2.30%
Volatility (1Y) Calculated over the trailing 1-year period	13.09%	15.56%	-2.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.24%	19.30%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.44%	20.38%	-0.94%

FFDKX vs. FLCNX - Expense Ratio Comparison

FFDKX has a 0.38% expense ratio, which is lower than FLCNX's 0.45% expense ratio.

Dividends

FFDKX vs. FLCNX - Dividend Comparison

FFDKX's dividend yield for the trailing twelve months is around 1.16%, less than FLCNX's 10.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFDKX Fidelity Fund Class K	1.16%	1.25%	0.00%	2.48%	0.74%	4.67%	2.77%	5.49%	7.51%	11.18%	7.12%	5.60%
FLCNX Fidelity Contrafund K6	10.55%	8.35%	0.36%	0.49%	1.18%	0.46%	0.21%	0.30%	0.33%	0.15%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FFDKX and FLCNX in my portfolio?

FFDKX and FLCNX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFDKX or FLCNX?

FLCNX has higher volatility (4.55%) compared to FFDKX (3.94%). In terms of maximum drawdown, FFDKX dropped -52.66% vs FLCNX's -32.07%.

Which has better risk-adjusted returns?

FFDKX currently has the higher Sharpe Ratio (1.49 vs 1.09), 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.