FIGRX vs. FCNTX

Last updated Jun 3, 2026

FIGRX (Fidelity International Discovery Fund) and FCNTX (Fidelity Contrafund) are both mutual funds - FIGRX is a Foreign Large Cap Equities fund managed by Fidelity, while FCNTX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 10 years, FIGRX returned 9.17%/yr vs 17.46%/yr for FCNTX. A 0.63 correlation means they provide meaningful diversification when combined. FIGRX charges 0.99%/yr vs 0.39%/yr for FCNTX.

Performance

FIGRX vs. FCNTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International Discovery Fund (FIGRX) and Fidelity Contrafund (FCNTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIGRX achieves a 11.03% return, which is significantly higher than FCNTX's 8.01% return. Over the past 10 years, FIGRX has underperformed FCNTX with an annualized return of 9.17%, while FCNTX has yielded a comparatively higher 17.46% annualized return.

FIGRX

• 1D: -0.66%
• 1M: 3.52%
• YTD: 11.03%
• 6M: 14.00%
• 1Y: 21.93%
• 3Y*: 17.95%
• 5Y*: 6.20%
• 10Y*: 9.17%

FCNTX

• 1D: -0.08%
• 1M: 3.72%
• YTD: 8.01%
• 6M: 10.12%
• 1Y: 24.23%
• 3Y*: 27.03%
• 5Y*: 15.03%
• 10Y*: 17.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIGRX vs. FCNTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIGRX Fidelity International Discovery Fund	11.03%	27.61%	10.96%	14.17%	-24.83%	11.09%	21.42%	27.53%	-17.16%	30.27%
FCNTX Fidelity Contrafund	8.01%	21.76%	36.00%	38.67%	-28.31%	24.52%	32.48%	30.00%	-3.81%	32.18%

Correlation

The correlation between FIGRX and FCNTX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Dec 30, 1986	0.63

The correlation between FIGRX and FCNTX shifts across timeframes, from 0.63 (all time) to 0.75 (1 year), reflecting how their relationship changes across market environments.

FIGRX vs. FCNTX - Sectors Allocation Comparison

Sectors	FIGRX	FCNTX
Financial Services	26.4%	13.8%
Industrials	26.0%	8.6%
Technology	18.9%	27.0%
Healthcare	7.1%	9.2%
Communication Services	6.9%	21.2%
Consumer Cyclical	5.4%	10.1%
Consumer Defensive	3.5%	3.7%
Basic Materials	2.9%	2.1%
Energy	1.7%	3.6%
Utilities	1.1%	0.5%
Real Estate	-	0.1%

Return for Risk

FIGRX vs. FCNTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIGRX

FIGRX Risk / Return Rank: 22
FIGRX Sharpe Ratio Rank: 20
FIGRX Sortino Ratio Rank: 20
FIGRX Omega Ratio Rank: 20
FIGRX Calmar Ratio Rank: 21
FIGRX Martin Ratio Rank: 28

FCNTX

FCNTX Risk / Return Rank: 39
FCNTX Sharpe Ratio Rank: 39
FCNTX Sortino Ratio Rank: 36
FCNTX Omega Ratio Rank: 37
FCNTX Calmar Ratio Rank: 34
FCNTX Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIGRX vs. FCNTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Discovery Fund (FIGRX) 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.

	FIGRX	FCNTX	Difference
Sharpe ratio Return per unit of total volatility	1.34	1.83	-0.50
Sortino ratio Return per unit of downside risk	1.93	2.54	-0.61
Omega ratio Gain probability vs. loss probability	1.24	1.33	-0.09
Calmar ratio Return relative to maximum drawdown	1.78	2.26	-0.48
Martin ratio Return relative to average drawdown	6.83	9.62	-2.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIGRX vs. FCNTX - Sharpe Ratio Comparison

The current FIGRX Sharpe Ratio is 1.34, which is comparable to the FCNTX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of FIGRX 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.

Sharpe Ratios by Period

	FIGRX	FCNTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	1.83	-0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.79	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.89	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.78	-0.31

Drawdowns

FIGRX vs. FCNTX - Drawdown Comparison

The maximum FIGRX drawdown since its inception was -60.47%, which is greater than FCNTX's maximum drawdown of -49.19%. Use the drawdown chart below to compare losses from any high point for FIGRX and FCNTX.

Drawdown Indicators

	FIGRX	FCNTX	Difference
Max Drawdown Largest peak-to-trough decline	-60.47%	-49.19%	-11.28%
Max Drawdown (1Y) Largest decline over 1 year	-13.11%	-11.30%	-1.81%
Max Drawdown (3Y) Largest decline over 3 years	-14.65%	-19.75%	+5.10%
Max Drawdown (5Y) Largest decline over 5 years	-36.54%	-32.59%	-3.95%
Max Drawdown (10Y) Largest decline over 10 years	-36.54%	-32.59%	-3.95%
Current Drawdown Current decline from peak	-0.94%	-0.30%	-0.64%
Average Drawdown Average peak-to-trough decline	-12.36%	-8.16%	-4.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	2.65%	+0.77%

Volatility

FIGRX vs. FCNTX - Volatility Comparison

Fidelity International Discovery Fund (FIGRX) has a higher volatility of 5.86% compared to Fidelity Contrafund (FCNTX) at 3.24%. This indicates that FIGRX's price experiences larger fluctuations and is considered to be riskier than FCNTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIGRX	FCNTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.86%	3.24%	+2.62%
Volatility (6M) Calculated over the trailing 6-month period	14.47%	10.48%	+3.99%
Volatility (1Y) Calculated over the trailing 1-year period	17.35%	14.06%	+3.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.02%	19.15%	-2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.01%	19.68%	-2.67%

FIGRX vs. FCNTX - Expense Ratio Comparison

FIGRX has a 0.99% expense ratio, which is higher than FCNTX's 0.39% expense ratio.

Dividends

FIGRX vs. FCNTX - Dividend Comparison

FIGRX's dividend yield for the trailing twelve months is around 6.25%, more than FCNTX's 4.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCNTX Fidelity Contrafund	4.32%	5.21%	4.19%	3.78%	11.87%	10.80%	8.01%	4.16%	7.46%	6.08%	3.81%	5.33%
FIGRX Fidelity International Discovery Fund	6.25%	6.94%	2.88%	1.91%	0.35%	11.18%	3.70%	2.33%	3.85%	4.01%	1.81%	0.01%

Frequently Asked Questions

Can I hold both FIGRX and FCNTX in my portfolio?

FIGRX and FCNTX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIGRX or FCNTX?

FIGRX has higher volatility (5.86%) compared to FCNTX (3.24%). In terms of maximum drawdown, FIGRX dropped -60.47% vs FCNTX's -49.19%.

Which has better risk-adjusted returns?

FCNTX currently has the higher Sharpe Ratio (1.83 vs 1.34), 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.