FGRIX vs. FCNTX

Last updated Aug 2, 2026

FGRIX (Fidelity Growth & Income Portfolio) and FCNTX (Fidelity Contrafund) are both mutual funds - FGRIX is a Large Cap Value Equities fund actively managed by Fidelity, while FCNTX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 10 years, FGRIX returned 14.41%/yr vs 16.85%/yr for FCNTX. Their correlation of 0.86 means they have usually moved in the same direction. FGRIX charges 0.57%/yr vs 0.39%/yr for FCNTX.

Performance

FGRIX vs. FCNTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Growth & Income Portfolio (FGRIX) and Fidelity Contrafund (FCNTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGRIX achieves a 11.12% return, which is significantly higher than FCNTX's 5.62% return. Over the past 10 years, FGRIX has underperformed FCNTX with an annualized return of 14.41%, while FCNTX has yielded a comparatively higher 16.85% annualized return.

FGRIX

• 1D: 1.62%
• 1M: 1.03%
• 6M: 7.98%
• YTD: 11.12%
• 1Y: 21.13%
• 3Y*: 19.43%
• 5Y*: 14.41%
• 10Y*: 14.41%
• ALL TIME*: 10.56%

FCNTX

• 1D: 0.95%
• 1M: -3.83%
• 6M: 3.61%
• YTD: 5.62%
• 1Y: 13.75%
• 3Y*: 22.98%
• 5Y*: 13.11%
• 10Y*: 16.85%
• ALL TIME*: 13.46%

*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)
FCNTX Fidelity Contrafund	$0.00	$0.00	$0.00
FGRIX Fidelity Growth & Income Portfolio	$0.00	$0.00	$0.00

FGRIX vs. FCNTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGRIX Fidelity Growth & Income Portfolio	11.12%	21.59%	22.10%	18.63%	-4.98%	25.84%	7.98%	30.22%	-8.94%	16.88%
FCNTX Fidelity Contrafund	5.62%	21.76%	36.00%	38.67%	-28.31%	24.52%	32.48%	30.00%	-3.81%	32.18%

Correlation

The correlation between FGRIX and FCNTX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.82
Correlation (10Y) Provides a long-term view across more market conditions.	0.77
Correlation (All Time) Calculated using the full available price history since Dec 30, 1985	0.86

The correlation between FGRIX and FCNTX has been stable across timeframes, ranging from 0.77 to 0.86 - a consistent structural relationship.

FGRIX vs. FCNTX - Sectors Allocation Comparison

Sectors	FGRIX	FCNTX
Technology	24.0%	32.7%
Industrials	17.3%	7.7%
Financial Services	16.3%	11.2%
Healthcare	12.2%	8.7%
Energy	8.9%	3.1%
Consumer Defensive	7.3%	3.6%
Communication Services	6.3%	19.6%
Consumer Cyclical	3.9%	11.3%
Utilities	2.2%	0.1%
Real Estate	0.9%	0.1%
Basic Materials	0.7%	2.1%

Return for Risk

FGRIX vs. FCNTX — Risk / Return Rank

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

FGRIX

FGRIX Risk / Return Rank: 75
FGRIX Sharpe Ratio Rank: 75
FGRIX Sortino Ratio Rank: 73
FGRIX Omega Ratio Rank: 73
FGRIX Calmar Ratio Rank: 72
FGRIX Martin Ratio Rank: 81

FCNTX

FCNTX Risk / Return Rank: 28
FCNTX Sharpe Ratio Rank: 27
FCNTX Sortino Ratio Rank: 26
FCNTX Omega Ratio Rank: 26
FCNTX Calmar Ratio Rank: 27
FCNTX Martin Ratio Rank: 33

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.

FGRIX vs. FCNTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth & Income Portfolio (FGRIX) 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.

	FGRIX	FCNTX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	0.87	+0.84
Sortino ratio: Return per unit of downside risk	2.42	1.29	+1.13
Omega ratio: Gain probability vs. loss probability	1.31	1.16	+0.15
Calmar ratio: Return relative to maximum drawdown	2.26	1.19	+1.07
Martin ratio: Return relative to average drawdown	9.56	4.65	+4.92

FGRIX vs. FCNTX - Sharpe Ratio Comparison

The current FGRIX Sharpe Ratio is 1.71, which is higher than the FCNTX Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of FGRIX 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.

Drawdowns

FGRIX vs. FCNTX - Drawdown Comparison

The maximum FGRIX drawdown since its inception was -67.10%, which is greater than FCNTX's maximum drawdown of -49.19%. Use the drawdown chart below to compare losses from any high point for FGRIX and FCNTX.

Drawdown Indicators

	FGRIX	FCNTX	Difference
Max Drawdown Largest peak-to-trough decline	-67.10%	-49.19%	-17.91%
Max Drawdown (1Y) Largest decline over 1 year	-8.35%	-11.30%	+2.95%
Max Drawdown (3Y) Largest decline over 3 years	-16.42%	-19.75%	+3.33%
Max Drawdown (5Y) Largest decline over 5 years	-19.26%	-32.59%	+13.33%
Max Drawdown (10Y) Largest decline over 10 years	-35.62%	-32.59%	-3.03%
Current Drawdown Current decline from peak	0.00%	-5.29%	+5.29%
Average Drawdown Average peak-to-trough decline	-10.08%	-8.14%	-1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	2.89%	-0.91%

Volatility

FGRIX vs. FCNTX - Volatility Comparison

The current volatility for Fidelity Growth & Income Portfolio (FGRIX) is 2.94%, while Fidelity Contrafund (FCNTX) has a volatility of 3.84%. This indicates that FGRIX 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.

Volatility by Period

	FGRIX	FCNTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	3.84%	-0.90%
Volatility (6M) Calculated over the trailing 6-month period	8.31%	12.26%	-3.95%
Volatility (1Y) Calculated over the trailing 1-year period	11.04%	15.46%	-4.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.43%	19.37%	-3.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	19.73%	-2.38%

FGRIX vs. FCNTX - Expense Ratio Comparison

FGRIX has a 0.57% expense ratio, which is higher than FCNTX's 0.39% expense ratio.

Dividends

FGRIX vs. FCNTX - Dividend Comparison

FGRIX's dividend yield for the trailing twelve months is around 8.84%, more than FCNTX's 4.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCNTX Fidelity Contrafund	4.42%	5.21%	4.19%	3.78%	11.87%	10.80%	8.01%	4.16%	7.46%	6.08%	3.81%	5.33%
FGRIX Fidelity Growth & Income Portfolio	8.84%	9.78%	6.80%	3.93%	3.43%	6.02%	3.61%	2.85%	3.39%	1.52%	1.80%	2.08%

Frequently Asked Questions

Can I hold both FGRIX and FCNTX in my portfolio?

FGRIX and FCNTX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGRIX or FCNTX?

FCNTX has higher volatility (3.84%) compared to FGRIX (2.94%). In terms of maximum drawdown, FGRIX dropped -67.10% vs FCNTX's -49.19%.

Which has better risk-adjusted returns?

FGRIX currently has the higher Sharpe Ratio (1.71 vs 0.87), 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.