Correlation
The correlation between FHIFX and FCNTX is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
FHIFX vs. FCNTX
Compare and contrast key facts about Fidelity Focused High Income Fund (FHIFX) and Fidelity Contrafund Fund (FCNTX).
FHIFX is managed by Fidelity. It was launched on Sep 8, 2004. FCNTX is managed by Fidelity. It was launched on May 17, 1967.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHIFX or FCNTX.
Performance
FHIFX vs. FCNTX - Performance Comparison
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Key characteristics
FHIFX:
2.33
FCNTX:
0.85
FHIFX:
3.29
FCNTX:
1.20
FHIFX:
1.54
FCNTX:
1.17
FHIFX:
2.47
FCNTX:
0.86
FHIFX:
10.23
FCNTX:
2.91
FHIFX:
0.76%
FCNTX:
5.85%
FHIFX:
3.40%
FCNTX:
22.18%
FHIFX:
-27.06%
FCNTX:
-49.03%
FHIFX:
-0.12%
FCNTX:
-3.23%
Returns By Period
In the year-to-date period, FHIFX achieves a 2.25% return, which is significantly lower than FCNTX's 4.71% return. Over the past 10 years, FHIFX has underperformed FCNTX with an annualized return of 3.70%, while FCNTX has yielded a comparatively higher 15.30% annualized return.
FHIFX
2.25%
1.17%
2.09%
7.89%
5.05%
3.44%
3.70%
FCNTX
4.71%
8.28%
3.75%
18.76%
21.80%
17.66%
15.30%
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FHIFX vs. FCNTX - Expense Ratio Comparison
FHIFX has a 0.75% expense ratio, which is higher than FCNTX's 0.39% expense ratio.
Risk-Adjusted Performance
FHIFX vs. FCNTX — Risk-Adjusted Performance Rank
FHIFX
FCNTX
FHIFX vs. FCNTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Focused High Income Fund (FHIFX) 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.
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Dividends
FHIFX vs. FCNTX - Dividend Comparison
FHIFX's dividend yield for the trailing twelve months is around 4.96%, more than FCNTX's 4.77% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHIFX Fidelity Focused High Income Fund | 4.96% | 4.85% | 4.36% | 4.46% | 3.65% | 3.82% | 4.25% | 5.01% | 4.19% | 4.48% | 4.83% | 7.91% |
FCNTX Fidelity Contrafund Fund | 4.77% | 4.19% | 4.26% | 13.65% | 10.80% | 8.01% | 4.16% | 9.14% | 6.08% | 3.81% | 5.33% | 7.29% |
Drawdowns
FHIFX vs. FCNTX - Drawdown Comparison
The maximum FHIFX drawdown since its inception was -27.06%, smaller than the maximum FCNTX drawdown of -49.03%. Use the drawdown chart below to compare losses from any high point for FHIFX and FCNTX.
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Volatility
FHIFX vs. FCNTX - Volatility Comparison
The current volatility for Fidelity Focused High Income Fund (FHIFX) is 0.79%, while Fidelity Contrafund Fund (FCNTX) has a volatility of 5.14%. This indicates that FHIFX 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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