FFFGX vs. FCNTX
FFFGX (Fidelity Freedom 2045 Fund) and FCNTX (Fidelity Contrafund) are both mutual funds - FFFGX is a Target Retirement Date fund managed by Fidelity, while FCNTX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 10 years, FFFGX returned 12.01%/yr vs 17.05%/yr for FCNTX. Their correlation of 0.90 means they have usually moved in the same direction. FFFGX charges 0.68%/yr vs 0.39%/yr for FCNTX.
Performance
FFFGX vs. FCNTX - Performance Comparison
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Returns By Period
In the year-to-date period, FFFGX achieves a 12.22% return, which is significantly higher than FCNTX's 6.89% return. Over the past 10 years, FFFGX has underperformed FCNTX with an annualized return of 12.01%, while FCNTX has yielded a comparatively higher 17.05% annualized return.
FFFGX
- 1D
- 0.47%
- 1M
- -0.75%
- 6M
- 7.63%
- YTD
- 12.22%
- 1Y
- 24.70%
- 3Y*
- 18.13%
- 5Y*
- 9.98%
- 10Y*
- 12.01%
- ALL TIME*
- 8.13%
FCNTX
- 1D
- 1.21%
- 1M
- -2.67%
- 6M
- 4.74%
- YTD
- 6.89%
- 1Y
- 15.13%
- 3Y*
- 23.50%
- 5Y*
- 13.38%
- 10Y*
- 17.05%
- ALL TIME*
- 13.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FCNTX Fidelity Contrafund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
FFFGX vs. FCNTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFFGX Fidelity Freedom 2045 Fund | 12.22% | 23.77% | 13.95% | 20.56% | -18.29% | 16.55% | 18.22% | 25.41% | -8.89% | 22.22% |
FCNTX Fidelity Contrafund | 6.89% | 21.76% | 36.00% | 38.67% | -28.31% | 24.52% | 32.48% | 30.00% | -3.81% | 32.18% |
Correlation
The correlation between FFFGX and FCNTX 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. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2006 | 0.90 |
The correlation between FFFGX and FCNTX has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
FFFGX vs. FCNTX — Risk / Return Rank
FFFGX
FCNTX
FFFGX vs. FCNTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2045 Fund (FFFGX) 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.
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.
| FFFGX | FCNTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.15 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 1.14 | +1.31 |
| Martin ratioReturn relative to average drawdown | 10.19 | 4.43 | +5.76 |
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Drawdowns
FFFGX vs. FCNTX - Drawdown Comparison
The maximum FFFGX drawdown since its inception was -54.61%, which is greater than FCNTX's maximum drawdown of -49.19%. Use the drawdown chart below to compare losses from any high point for FFFGX and FCNTX.
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Drawdown Indicators
| FFFGX | FCNTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.61% | -49.19% | -5.42% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -11.30% | +1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -15.42% | -19.75% | +4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -27.33% | -32.59% | +5.26% |
Max Drawdown (10Y)Largest decline over 10 years | -30.95% | -32.59% | +1.64% |
Current DrawdownCurrent decline from peak | -1.99% | -4.14% | +2.15% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -8.14% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 2.91% | -0.61% |
Volatility
FFFGX vs. FCNTX - Volatility Comparison
Fidelity Freedom 2045 Fund (FFFGX) and Fidelity Contrafund (FCNTX) have volatilities of 4.19% and 4.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFFGX | FCNTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 4.09% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.02% | 12.28% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.04% | 15.50% | -1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.20% | 19.37% | -4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.36% | 19.74% | -4.38% |
FFFGX vs. FCNTX - Expense Ratio Comparison
FFFGX has a 0.68% expense ratio, which is higher than FCNTX's 0.39% expense ratio.
Dividends
FFFGX vs. FCNTX - Dividend Comparison
FFFGX's dividend yield for the trailing twelve months is around 5.86%, more than FCNTX's 4.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNTX Fidelity Contrafund | 4.37% | 5.21% | 4.19% | 3.78% | 11.87% | 10.80% | 8.01% | 4.16% | 7.46% | 6.08% | 3.81% | 5.33% |
FFFGX Fidelity Freedom 2045 Fund | 5.86% | 4.40% | 1.97% | 1.84% | 12.04% | 12.00% | 4.99% | 6.51% | 7.82% | 4.01% | 4.15% | 4.07% |
Frequently Asked Questions
FFFGX and FCNTX 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.
FFFGX has higher volatility (4.19%) compared to FCNTX (4.09%). In terms of maximum drawdown, FFFGX dropped -54.61% vs FCNTX's -49.19%.
FFFGX currently has the higher Sharpe Ratio (1.67 vs 0.84), 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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