FIGRX vs. FLCNX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity International Discovery Fund (FIGRX) and Fidelity Contrafund K6 (FLCNX).

FIGRX is managed by Fidelity. It was launched on Dec 31, 1986. FLCNX is managed by Fidelity. It was launched on May 25, 2017.

Performance

FIGRX vs. FLCNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International Discovery Fund (FIGRX) and Fidelity Contrafund K6 (FLCNX). The values are adjusted to include any dividend payments, if applicable.

FIGRX vs. FLCNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIGRX Fidelity International Discovery Fund	-2.07%	27.61%	10.96%	14.17%	-24.83%	11.09%	21.42%	27.53%	-17.16%	10.47%
FLCNX Fidelity Contrafund K6	-5.71%	22.05%	35.37%	37.67%	-27.13%	24.21%	30.85%	30.91%	-2.16%	13.77%

Returns By Period

In the year-to-date period, FIGRX achieves a -2.07% return, which is significantly higher than FLCNX's -5.71% return.

FIGRX

• 1D: 3.27%
• 1M: -7.82%
• YTD: -2.07%
• 6M: -0.53%
• 1Y: 19.72%
• 3Y*: 13.77%
• 5Y*: 4.77%
• 10Y*: 8.14%

FLCNX

• 1D: 3.59%
• 1M: -5.95%
• YTD: -5.71%
• 6M: -3.49%
• 1Y: 19.69%
• 3Y*: 24.54%
• 5Y*: 13.33%
• 10Y*: —

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

FIGRX vs. FLCNX - Expense Ratio Comparison

FIGRX has a 0.99% expense ratio, which is higher than FLCNX's 0.45% expense ratio.

FIGRX

Fidelity International Discovery Fund

FLCNX

Fidelity Contrafund K6

Return for Risk

FIGRX vs. FLCNX — Risk / Return Rank

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

FIGRX

FIGRX Risk / Return Rank: 55
FIGRX Sharpe Ratio Rank: 55
FIGRX Sortino Ratio Rank: 55
FIGRX Omega Ratio Rank: 51
FIGRX Calmar Ratio Rank: 58
FIGRX Martin Ratio Rank: 56

FLCNX

FLCNX Risk / Return Rank: 57
FLCNX Sharpe Ratio Rank: 52
FLCNX Sortino Ratio Rank: 58
FLCNX Omega Ratio Rank: 54
FLCNX Calmar Ratio Rank: 64
FLCNX Martin Ratio Rank: 59

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. FLCNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Discovery Fund (FIGRX) and Fidelity Contrafund K6 (FLCNX). 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	FLCNX	Difference
Sharpe ratio Return per unit of total volatility	1.06	1.02	+0.04
Sortino ratio Return per unit of downside risk	1.53	1.57	-0.03
Omega ratio Gain probability vs. loss probability	1.22	1.22	-0.01
Calmar ratio Return relative to maximum drawdown	1.43	1.51	-0.09
Martin ratio Return relative to average drawdown	5.54	5.76	-0.22
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. FLCNX - Sharpe Ratio Comparison

The current FIGRX Sharpe Ratio is 1.06, which is comparable to the FLCNX Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of FIGRX and FLCNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FIGRX	FLCNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	1.02	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.70	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.78	-0.33

Correlation

The correlation between FIGRX and FLCNX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FIGRX vs. FLCNX - Dividend Comparison

FIGRX's dividend yield for the trailing twelve months is around 7.09%, less than FLCNX's 12.18% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIGRX Fidelity International Discovery Fund	7.09%	6.94%	2.88%	1.91%	0.35%	11.18%	3.70%	2.33%	3.85%	4.01%	1.81%	0.01%
FLCNX Fidelity Contrafund K6	12.18%	8.35%	0.36%	0.49%	1.18%	0.46%	0.21%	0.30%	0.33%	0.15%	0.00%	0.00%

Drawdowns

FIGRX vs. FLCNX - Drawdown Comparison

The maximum FIGRX drawdown since its inception was -60.47%, which is greater than FLCNX's maximum drawdown of -32.07%. Use the drawdown chart below to compare losses from any high point for FIGRX and FLCNX.

Drawdown Indicators

	FIGRX	FLCNX	Difference
Max Drawdown Largest peak-to-trough decline	-60.47%	-32.07%	-28.40%
Max Drawdown (1Y) Largest decline over 1 year	-13.11%	-11.73%	-1.38%
Max Drawdown (5Y) Largest decline over 5 years	-36.54%	-32.07%	-4.47%
Max Drawdown (10Y) Largest decline over 10 years	-36.54%	—	—
Current Drawdown Current decline from peak	-10.23%	-8.56%	-1.67%
Average Drawdown Average peak-to-trough decline	-12.40%	-6.76%	-5.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	3.08%	+0.29%

Volatility

FIGRX vs. FLCNX - Volatility Comparison

Fidelity International Discovery Fund (FIGRX) has a higher volatility of 9.03% compared to Fidelity Contrafund K6 (FLCNX) at 6.69%. This indicates that FIGRX's price experiences larger fluctuations and is considered to be riskier than FLCNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIGRX	FLCNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.03%	6.69%	+2.34%
Volatility (6M) Calculated over the trailing 6-month period	13.25%	11.39%	+1.86%
Volatility (1Y) Calculated over the trailing 1-year period	19.32%	20.46%	-1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.79%	19.10%	-2.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.84%	20.52%	-3.68%