FLCNX vs. FCNKX
Compare and contrast key facts about Fidelity Contrafund K6 (FLCNX) and Fidelity Contrafund Fund (FCNKX).
FLCNX is managed by Fidelity. It was launched on May 25, 2017. FCNKX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLCNX or FCNKX.
Key characteristics
| FLCNX | FCNKX | |
|---|---|---|
| YTD Return | 37.40% | 37.51% |
| 1Y Return | 45.85% | 42.14% |
| 3Y Return (Ann) | 10.71% | 3.05% |
| 5Y Return (Ann) | 18.82% | 11.07% |
| Sharpe Ratio | 3.01 | 2.72 |
| Sortino Ratio | 3.99 | 3.63 |
| Omega Ratio | 1.56 | 1.51 |
| Calmar Ratio | 4.19 | 1.77 |
| Martin Ratio | 18.51 | 16.82 |
| Ulcer Index | 2.48% | 2.51% |
| Daily Std Dev | 15.25% | 15.51% |
| Max Drawdown | -32.07% | -46.44% |
| Current Drawdown | -0.19% | -0.18% |
Correlation
The correlation between FLCNX and FCNKX is 0.99, 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.
Performance
FLCNX vs. FCNKX - Performance Comparison
The year-to-date returns for both investments are quite close, with FLCNX having a 37.40% return and FCNKX slightly higher at 37.51%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLCNX vs. FCNKX - Expense Ratio Comparison
FLCNX has a 0.45% expense ratio, which is lower than FCNKX's 0.74% expense ratio.
Risk-Adjusted Performance
FLCNX vs. FCNKX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Contrafund K6 (FLCNX) and Fidelity Contrafund Fund (FCNKX). 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.
Dividends
FLCNX vs. FCNKX - Dividend Comparison
FLCNX's dividend yield for the trailing twelve months is around 0.39%, less than FCNKX's 0.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCNX Fidelity Contrafund K6 | 0.39% | 0.49% | 0.62% | 0.20% | 0.21% | 0.30% | 0.33% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% |
FCNKX Fidelity Contrafund Fund | 0.46% | 0.54% | 2.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.18% | 0.40% | 0.41% | 7.77% | 8.11% |
Drawdowns
FLCNX vs. FCNKX - Drawdown Comparison
The maximum FLCNX drawdown since its inception was -32.07%, smaller than the maximum FCNKX drawdown of -46.44%. Use the drawdown chart below to compare losses from any high point for FLCNX and FCNKX. For additional features, visit the drawdowns tool.
Volatility
FLCNX vs. FCNKX - Volatility Comparison
Fidelity Contrafund K6 (FLCNX) and Fidelity Contrafund Fund (FCNKX) have volatilities of 4.60% and 4.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.