FGQMX vs. FCNTX
Compare and contrast key facts about Fidelity Advisor High Income Fund Class A (FGQMX) and Fidelity Contrafund Fund (FCNTX).
FGQMX is managed by Fidelity. It was launched on Dec 4, 2018. FCNTX is managed by Fidelity. It was launched on May 17, 1967.
Performance
FGQMX vs. FCNTX - Performance Comparison
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FGQMX vs. FCNTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FGQMX Fidelity Advisor High Income Fund Class A | -0.15% | 9.53% | 9.11% | 10.67% | -13.27% | 3.43% | 2.05% | 13.94% | -2.68% |
FCNTX Fidelity Contrafund Fund | -5.35% | 21.76% | 36.00% | 38.67% | -28.31% | 24.52% | 32.48% | 30.00% | -5.99% |
Returns By Period
In the year-to-date period, FGQMX achieves a -0.15% return, which is significantly higher than FCNTX's -5.35% return.
FGQMX
- 1D
- 0.63%
- 1M
- -1.60%
- YTD
- -0.15%
- 6M
- 1.08%
- 1Y
- 8.28%
- 3Y*
- 8.72%
- 5Y*
- 3.54%
- 10Y*
- —
FCNTX
- 1D
- 3.52%
- 1M
- -5.86%
- YTD
- -5.35%
- 6M
- -2.60%
- 1Y
- 19.23%
- 3Y*
- 24.91%
- 5Y*
- 13.21%
- 10Y*
- 16.03%
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FGQMX vs. FCNTX - Expense Ratio Comparison
FGQMX has a 0.99% expense ratio, which is higher than FCNTX's 0.39% expense ratio.
Return for Risk
FGQMX vs. FCNTX — Risk / Return Rank
FGQMX
FCNTX
FGQMX vs. FCNTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor High Income Fund Class A (FGQMX) and Fidelity Contrafund Fund (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.
| FGQMX | FCNTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.18 | 1.01 | +1.17 |
Sortino ratioReturn per unit of downside risk | 3.07 | 1.56 | +1.52 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.22 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 2.77 | 1.79 | +0.98 |
Martin ratioReturn relative to average drawdown | 11.86 | 6.87 | +4.99 |
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
| FGQMX | FCNTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 1.01 | +1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.69 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.76 | -0.12 |
Correlation
The correlation between FGQMX and FCNTX is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FGQMX vs. FCNTX - Dividend Comparison
FGQMX's dividend yield for the trailing twelve months is around 5.70%, more than FCNTX's 4.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGQMX Fidelity Advisor High Income Fund Class A | 5.70% | 6.14% | 5.81% | 5.13% | 3.68% | 3.83% | 4.44% | 4.82% | 0.85% | 0.00% | 0.00% | 0.00% |
FCNTX Fidelity Contrafund Fund | 4.93% | 5.21% | 4.19% | 3.78% | 11.87% | 10.80% | 8.01% | 4.16% | 7.46% | 6.08% | 3.81% | 5.33% |
Drawdowns
FGQMX vs. FCNTX - Drawdown Comparison
The maximum FGQMX drawdown since its inception was -22.40%, smaller than the maximum FCNTX drawdown of -49.19%. Use the drawdown chart below to compare losses from any high point for FGQMX and FCNTX.
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Drawdown Indicators
| FGQMX | FCNTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.40% | -49.19% | +26.79% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -11.30% | +8.11% |
Max Drawdown (5Y)Largest decline over 5 years | -16.58% | -32.59% | +16.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.59% | — |
Current DrawdownCurrent decline from peak | -1.60% | -8.18% | +6.58% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -8.18% | +4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 2.95% | -2.21% |
Volatility
FGQMX vs. FCNTX - Volatility Comparison
The current volatility for Fidelity Advisor High Income Fund Class A (FGQMX) is 1.48%, while Fidelity Contrafund Fund (FCNTX) has a volatility of 6.51%. This indicates that FGQMX experiences smaller price fluctuations and is considered to be less risky than FCNTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGQMX | FCNTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 6.51% | -5.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 11.12% | -8.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 19.95% | -16.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.24% | 19.19% | -13.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.39% | 19.64% | -13.25% |