FLCNX vs. FSKAX
FLCNX (Fidelity Contrafund K6) and FSKAX (Fidelity Total Market Index Fund) are both mutual funds - FLCNX is a Large Cap Growth Equities fund actively managed by Fidelity, while FSKAX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, FLCNX returned 13.78%/yr vs 12.08%/yr for FSKAX. Their correlation of 0.92 means they have usually moved in the same direction. FLCNX charges 0.45%/yr vs 0.01%/yr for FSKAX.
Performance
FLCNX vs. FSKAX - Performance Comparison
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Returns By Period
In the year-to-date period, FLCNX achieves a 8.82% return, which is significantly lower than FSKAX's 12.20% return.
FLCNX
- 1D
- 2.01%
- 1M
- 0.03%
- 6M
- 7.10%
- YTD
- 8.82%
- 1Y
- 14.88%
- 3Y*
- 25.02%
- 5Y*
- 13.78%
- 10Y*
- —
- ALL TIME*
- 17.11%
FSKAX
- 1D
- 1.53%
- 1M
- 1.30%
- 6M
- 10.71%
- YTD
- 12.20%
- 1Y
- 21.69%
- 3Y*
- 20.42%
- 5Y*
- 12.08%
- 10Y*
- 14.61%
- ALL TIME*
- 14.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FLCNX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLCNX Fidelity Contrafund K6 | 8.82% | 22.05% | 35.37% | 37.67% | -27.13% | 24.21% | 30.85% | 30.91% | -2.16% | 13.77% |
FSKAX Fidelity Total Market Index Fund | 12.20% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 12.51% |
Correlation
The correlation between FLCNX and FSKAX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since May 25, 2017 | 0.92 |
The correlation between FLCNX and FSKAX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
FLCNX vs. FSKAX — Risk / Return Rank
FLCNX
FSKAX
FLCNX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Contrafund K6 (FLCNX) and Fidelity Total Market Index Fund (FSKAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLCNX | FSKAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.32 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.65 | -1.20 |
| Martin ratioReturn relative to average drawdown | 5.64 | 11.39 | -5.75 |
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Drawdowns
FLCNX vs. FSKAX - Drawdown Comparison
The maximum FLCNX drawdown since its inception was -32.07%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FLCNX and FSKAX.
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Drawdown Indicators
| FLCNX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.07% | -35.01% | +2.94% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -8.92% | -2.81% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -19.43% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -32.07% | -25.39% | -6.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.01% | — |
Current DrawdownCurrent decline from peak | -1.28% | 0.00% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -3.99% | -2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.07% | +0.93% |
Volatility
FLCNX vs. FSKAX - Volatility Comparison
Fidelity Contrafund K6 (FLCNX) has a higher volatility of 4.55% compared to Fidelity Total Market Index Fund (FSKAX) at 3.80%. This indicates that FLCNX's price experiences larger fluctuations and is considered to be riskier than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLCNX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 3.80% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 12.38% | 10.42% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.56% | 13.20% | +2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.30% | 17.53% | +1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.38% | 18.47% | +1.91% |
FLCNX vs. FSKAX - Expense Ratio Comparison
FLCNX has a 0.45% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Dividends
FLCNX vs. FSKAX - Dividend Comparison
FLCNX's dividend yield for the trailing twelve months is around 10.55%, more than FSKAX's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCNX Fidelity Contrafund K6 | 10.55% | 8.35% | 0.36% | 0.49% | 1.18% | 0.46% | 0.21% | 0.30% | 0.33% | 0.15% | 0.00% | 0.00% |
FSKAX Fidelity Total Market Index Fund | 0.93% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Frequently Asked Questions
With a correlation of 0.91, FLCNX and FSKAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FLCNX has higher volatility (4.55%) compared to FSKAX (3.80%). In terms of maximum drawdown, FLCNX dropped -32.07% vs FSKAX's -35.01%.
FSKAX currently has the higher Sharpe Ratio (1.80 vs 1.09), 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.
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