FLCNX vs. FSENX

Last updated Jun 4, 2026

FLCNX (Fidelity Contrafund K6) and FSENX (Fidelity Select Energy Portfolio) are both mutual funds - FLCNX is a Large Cap Growth Equities fund managed by Fidelity, while FSENX is a Energy Equities fund managed by Fidelity. Over the past 5 years, FLCNX returned 15.31%/yr vs 22.08%/yr for FSENX. At a 0.34 correlation, their price movements are largely independent. FLCNX charges 0.45%/yr vs 0.77%/yr for FSENX.

Performance

FLCNX vs. FSENX - Performance Comparison

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

Returns By Period

In the year-to-date period, FLCNX achieves a 7.76% return, which is significantly lower than FSENX's 35.02% return.

FLCNX

• 1D: -0.25%
• 1M: 3.94%
• YTD: 7.76%
• 6M: 9.53%
• 1Y: 23.60%
• 3Y*: 26.92%
• 5Y*: 15.31%
• 10Y*: —

FSENX

• 1D: 1.38%
• 1M: -2.65%
• YTD: 35.02%
• 6M: 31.99%
• 1Y: 51.42%
• 3Y*: 19.21%
• 5Y*: 22.08%
• 10Y*: 9.68%

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

FLCNX vs. FSENX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLCNX Fidelity Contrafund K6	7.76%	22.05%	35.37%	37.67%	-27.13%	24.21%	30.85%	30.91%	-2.16%	13.77%
FSENX Fidelity Select Energy Portfolio	35.02%	10.56%	4.26%	0.94%	62.98%	55.31%	-32.51%	9.90%	-24.94%	12.34%

Correlation

The correlation between FLCNX and FSENX is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since May 26, 2017	0.34

The correlation between FLCNX and FSENX shifts across timeframes, from -0.11 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FLCNX vs. FSENX — Risk / Return Rank

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

FLCNX

FLCNX Risk / Return Rank: 34
FLCNX Sharpe Ratio Rank: 34
FLCNX Sortino Ratio Rank: 32
FLCNX Omega Ratio Rank: 32
FLCNX Calmar Ratio Rank: 30
FLCNX Martin Ratio Rank: 39

FSENX

FSENX Risk / Return Rank: 79
FSENX Sharpe Ratio Rank: 85
FSENX Sortino Ratio Rank: 70
FSENX Omega Ratio Rank: 61
FSENX Calmar Ratio Rank: 94
FSENX Martin Ratio Rank: 84

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.

FLCNX vs. FSENX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Contrafund K6 (FLCNX) and Fidelity Select Energy Portfolio (FSENX). 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.

	FLCNX	FSENX	Difference
Sharpe ratio Return per unit of total volatility	1.69	2.74	-1.05
Sortino ratio Return per unit of downside risk	2.34	3.47	-1.14
Omega ratio Gain probability vs. loss probability	1.30	1.43	-0.13
Calmar ratio Return relative to maximum drawdown	2.06	5.42	-3.36
Martin ratio Return relative to average drawdown	8.51	15.96	-7.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLCNX vs. FSENX - Sharpe Ratio Comparison

The current FLCNX Sharpe Ratio is 1.69, which is lower than the FSENX Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of FLCNX and FSENX, 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

	FLCNX	FSENX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	2.74	-1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.81	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.32	+0.53

Drawdowns

FLCNX vs. FSENX - Drawdown Comparison

The maximum FLCNX drawdown since its inception was -32.07%, smaller than the maximum FSENX drawdown of -76.24%. Use the drawdown chart below to compare losses from any high point for FLCNX and FSENX.

Drawdown Indicators

	FLCNX	FSENX	Difference
Max Drawdown Largest peak-to-trough decline	-32.07%	-76.24%	+44.17%
Max Drawdown (1Y) Largest decline over 1 year	-11.73%	-9.95%	-1.78%
Max Drawdown (3Y) Largest decline over 3 years	-20.14%	-25.85%	+5.71%
Max Drawdown (5Y) Largest decline over 5 years	-32.07%	-28.02%	-4.05%
Max Drawdown (10Y) Largest decline over 10 years	—	-72.11%	—
Current Drawdown Current decline from peak	-0.43%	-5.09%	+4.66%
Average Drawdown Average peak-to-trough decline	-6.66%	-17.01%	+10.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	3.37%	-0.55%

Volatility

FLCNX vs. FSENX - Volatility Comparison

The current volatility for Fidelity Contrafund K6 (FLCNX) is 3.35%, while Fidelity Select Energy Portfolio (FSENX) has a volatility of 7.60%. This indicates that FLCNX experiences smaller price fluctuations and is considered to be less risky than FSENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCNX	FSENX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.35%	7.60%	-4.25%
Volatility (6M) Calculated over the trailing 6-month period	10.70%	15.35%	-4.65%
Volatility (1Y) Calculated over the trailing 1-year period	14.34%	19.70%	-5.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.07%	27.26%	-8.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.41%	30.96%	-10.55%

FLCNX vs. FSENX - Expense Ratio Comparison

FLCNX has a 0.45% expense ratio, which is lower than FSENX's 0.77% expense ratio.

Dividends

FLCNX vs. FSENX - Dividend Comparison

FLCNX's dividend yield for the trailing twelve months is around 10.66%, more than FSENX's 1.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLCNX Fidelity Contrafund K6	10.66%	8.35%	0.36%	0.49%	1.18%	0.46%	0.21%	0.30%	0.33%	0.15%	0.00%	0.00%
FSENX Fidelity Select Energy Portfolio	1.59%	1.95%	1.95%	1.98%	2.50%	2.25%	3.43%	1.84%	1.48%	1.74%	0.62%	1.29%

Frequently Asked Questions

Can I hold both FLCNX and FSENX in my portfolio?

FLCNX and FSENX have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLCNX or FSENX?

FSENX has higher volatility (7.60%) compared to FLCNX (3.35%). In terms of maximum drawdown, FLCNX dropped -32.07% vs FSENX's -76.24%.

Which has better risk-adjusted returns?

FSENX currently has the higher Sharpe Ratio (2.74 vs 1.69), 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.