FGTKX vs. FCNTX
FGTKX (Fidelity Freedom 2030 Fund Class K6) and FCNTX (Fidelity Contrafund) are both mutual funds - FGTKX is a Target Retirement Date fund managed by Fidelity, while FCNTX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 5 years, FGTKX returned 7.19%/yr vs 13.67%/yr for FCNTX. Their correlation of 0.84 means they have usually moved in the same direction. FGTKX charges 0.46%/yr vs 0.39%/yr for FCNTX.
Performance
FGTKX vs. FCNTX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FGTKX having a 8.76% return and FCNTX slightly higher at 9.08%.
FGTKX
- 1D
- 0.84%
- 1M
- -0.05%
- 6M
- 5.71%
- YTD
- 8.76%
- 1Y
- 16.26%
- 3Y*
- 15.08%
- 5Y*
- 7.19%
- 10Y*
- —
- ALL TIME*
- 9.17%
FCNTX
- 1D
- 2.04%
- 1M
- -0.68%
- 6M
- 6.92%
- YTD
- 9.08%
- 1Y
- 15.62%
- 3Y*
- 25.01%
- 5Y*
- 13.67%
- 10Y*
- 17.16%
- ALL TIME*
- 13.53%
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 |
FGTKX vs. FCNTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGTKX Fidelity Freedom 2030 Fund Class K6 | 8.76% | 17.95% | 12.72% | 15.72% | -16.78% | 11.76% | 15.91% | 22.06% | -6.81% | 8.60% |
FCNTX Fidelity Contrafund | 9.08% | 21.76% | 36.00% | 38.67% | -28.31% | 24.52% | 32.48% | 30.00% | -3.81% | 12.33% |
Correlation
The correlation between FGTKX and FCNTX is 0.86, 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. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.84 |
The correlation between FGTKX and FCNTX has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
FGTKX vs. FCNTX — Risk / Return Rank
FGTKX
FCNTX
FGTKX vs. FCNTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2030 Fund Class K6 (FGTKX) 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.
| FGTKX | FCNTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.20 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 1.55 | +1.00 |
| Martin ratioReturn relative to average drawdown | 10.38 | 6.03 | +4.35 |
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Drawdowns
FGTKX vs. FCNTX - Drawdown Comparison
The maximum FGTKX drawdown since its inception was -24.66%, smaller than the maximum FCNTX drawdown of -49.19%. Use the drawdown chart below to compare losses from any high point for FGTKX and FCNTX.
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Drawdown Indicators
| FGTKX | FCNTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.66% | -49.19% | +24.53% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | -11.30% | +4.44% |
Max Drawdown (3Y)Largest decline over 3 years | -9.98% | -19.75% | +9.77% |
Max Drawdown (5Y)Largest decline over 5 years | -24.18% | -32.59% | +8.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.59% | — |
Current DrawdownCurrent decline from peak | -0.97% | -2.18% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -4.74% | -8.14% | +3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 2.91% | -1.23% |
Volatility
FGTKX vs. FCNTX - Volatility Comparison
The current volatility for Fidelity Freedom 2030 Fund Class K6 (FGTKX) is 3.00%, while Fidelity Contrafund (FCNTX) has a volatility of 4.63%. This indicates that FGTKX 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
| FGTKX | FCNTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 4.63% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 8.43% | 12.38% | -3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.81% | 15.43% | -5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.98% | 19.40% | -8.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.72% | 19.75% | -8.03% |
FGTKX vs. FCNTX - Expense Ratio Comparison
FGTKX has a 0.46% expense ratio, which is higher than FCNTX's 0.39% expense ratio.
Dividends
FGTKX vs. FCNTX - Dividend Comparison
FGTKX's dividend yield for the trailing twelve months is around 6.35%, more than FCNTX's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNTX Fidelity Contrafund | 4.28% | 5.21% | 4.19% | 3.78% | 11.87% | 10.80% | 8.01% | 4.16% | 7.46% | 6.08% | 3.81% | 5.33% |
FGTKX Fidelity Freedom 2030 Fund Class K6 | 6.35% | 5.75% | 6.28% | 2.18% | 10.38% | 11.19% | 6.49% | 7.08% | 7.77% | 3.24% | 0.00% | 0.00% |
Frequently Asked Questions
FGTKX and FCNTX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCNTX has higher volatility (4.63%) compared to FGTKX (3.00%). In terms of maximum drawdown, FGTKX dropped -24.66% vs FCNTX's -49.19%.
FGTKX currently has the higher Sharpe Ratio (1.79 vs 1.14), 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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