PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
FLCNX vs. IOLZX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLCNX vs. IOLZX

Last updated Jun 20, 2026

FLCNX (Fidelity Contrafund K6) and IOLZX (ICON Equity Fund) are both Large Cap Growth Equities funds. Over the past 5 years, FLCNX returned 15.39%/yr vs 12.25%/yr for IOLZX. A 0.74 correlation means they provide meaningful diversification when combined. FLCNX charges 0.45%/yr vs 1.04%/yr for IOLZX.

Performance

FLCNX vs. IOLZX - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, FLCNX achieves a 9.76% return, which is significantly lower than IOLZX's 28.95% return.

FLCNX

1D
1.39%
1M
3.29%
YTD
9.76%
6M
10.39%
1Y
24.58%
3Y*
26.76%
5Y*
15.39%
10Y*
—

IOLZX

1D
-0.39%
1M
11.67%
YTD
28.95%
6M
28.97%
1Y
53.47%
3Y*
23.77%
5Y*
12.25%
10Y*
14.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FLCNX vs. IOLZX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FLCNX
Fidelity Contrafund K6		9.76%22.05%35.37%37.67%-27.13%24.21%30.85%30.91%-2.16%13.77%
IOLZX
ICON Equity Fund		28.95%15.81%16.87%12.13%-17.78%26.72%16.00%38.22%-16.69%12.43%

Correlation

The correlation between FLCNX and IOLZX is 0.60, 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

0.60

Correlation (3Y)
Calculated over the trailing 3-year period

0.59

Correlation (5Y)
Calculated over the trailing 5-year period

0.72

Correlation (All Time)
Calculated using the full available price history since May 25, 2017

0.74

The correlation between FLCNX and IOLZX shifts across timeframes, from 0.59 (3 years) to 0.74 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Contrafund K6

ICON Equity Fund

Often compared with FLCNX:
FLCNX vs. FCNTXFLCNX vs. FBGRXFLCNX vs. FXAIXFLCNX vs. FGKFXFLCNX vs. VIGAXFLCNX vs. VOOFLCNX vs. VTI
Often compared with IOLZX:
IOLZX vs. VIOLZX vs. STCEIOLZX vs. VYMIOLZX vs. ICFSXIOLZX vs. ICTEXIOLZX vs. FDTEXIOLZX vs. BPTRX

Return for Risk

FLCNX vs. IOLZX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FLCNX
FLCNX Risk / Return Rank: 3939
Overall Rank
FLCNX Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
FLCNX Sortino Ratio Rank: 3636
Sortino Ratio Rank
FLCNX Omega Ratio Rank: 3737
Omega Ratio Rank
FLCNX Calmar Ratio Rank: 3737
Calmar Ratio Rank
FLCNX Martin Ratio Rank: 4545
Martin Ratio Rank
IOLZX
IOLZX Risk / Return Rank: 8383
Overall Rank
IOLZX Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
IOLZX Sortino Ratio Rank: 8484
Sortino Ratio Rank
IOLZX Omega Ratio Rank: 7878
Omega Ratio Rank
IOLZX Calmar Ratio Rank: 8585
Calmar Ratio Rank
IOLZX Martin Ratio Rank: 7979
Martin Ratio Rank
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. IOLZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Contrafund K6 (FLCNX) and ICON Equity Fund (IOLZX). 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.

FLCNXIOLZXDifference
Sharpe ratioReturn per unit of total volatility
1.64
2.74

-1.10

Sortino ratioReturn per unit of downside risk
2.25
3.66

-1.40

Omega ratioGain probability vs. loss probability

1.29

1.46

-0.17

Calmar ratioReturn relative to maximum drawdown

2.11

3.73

-1.62

Martin ratioReturn relative to average drawdown

8.65

13.21

-4.56

FLCNX vs. IOLZX - Sharpe Ratio Comparison

The current FLCNX Sharpe Ratio is 1.64, which is lower than the IOLZX Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of FLCNX and IOLZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

FLCNX vs. IOLZX - Drawdown Comparison

The maximum FLCNX drawdown since its inception was -32.07%, smaller than the maximum IOLZX drawdown of -56.03%. Use the drawdown chart below to compare losses from any high point for FLCNX and IOLZX.

Loading charts...

Drawdown Indicators

FLCNXIOLZXDifference

Max Drawdown

Largest peak-to-trough decline

-32.07%

-56.03%

+23.96%

Max Drawdown (1Y)

Largest decline over 1 year

-11.73%

-14.35%

+2.62%

Max Drawdown (3Y)

Largest decline over 3 years

-20.14%

-24.71%

+4.57%

Max Drawdown (5Y)

Largest decline over 5 years

-32.07%

-27.77%

-4.30%

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.04%

—

Current Drawdown

Current decline from peak

-0.43%

-0.70%

+0.27%

Average Drawdown

Average peak-to-trough decline

-6.63%

-12.61%

+5.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.86%

4.05%

-1.19%

Volatility

FLCNX vs. IOLZX - Volatility Comparison

The current volatility for Fidelity Contrafund K6 (FLCNX) is 5.84%, while ICON Equity Fund (IOLZX) has a volatility of 7.59%. This indicates that FLCNX experiences smaller price fluctuations and is considered to be less risky than IOLZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

FLCNXIOLZXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.84%

7.59%

-1.75%

Volatility (6M)

Calculated over the trailing 6-month period

11.89%

15.88%

-3.99%

Volatility (1Y)

Calculated over the trailing 1-year period

15.16%

19.60%

-4.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.21%

21.57%

-2.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.43%

22.43%

-2.00%

FLCNX vs. IOLZX - Expense Ratio Comparison

FLCNX has a 0.45% expense ratio, which is lower than IOLZX's 1.04% expense ratio.

Dividends

FLCNX vs. IOLZX - Dividend Comparison

FLCNX's dividend yield for the trailing twelve months is around 10.46%, more than IOLZX's 8.29% yield.

PositionTTM202520242023202220212020201920182017
FLCNX
Fidelity Contrafund K6		10.46%8.35%0.36%0.49%1.18%0.46%0.21%0.30%0.33%0.15%
IOLZX
ICON Equity Fund		8.29%10.69%22.21%4.75%18.57%14.12%0.00%3.46%1.60%0.00%

Frequently Asked Questions

FLCNX and IOLZX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IOLZX has higher volatility (7.59%) compared to FLCNX (5.84%). In terms of maximum drawdown, FLCNX dropped -32.07% vs IOLZX's -56.03%.

IOLZX currently has the higher Sharpe Ratio (2.74 vs 1.64), 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.

Portfolio Optimizer

Find the right allocation for FLCNX and IOLZX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer