FLCNX vs. PRWAX
FLCNX (Fidelity Contrafund K6) and PRWAX (T. Rowe Price All-Cap Opportunities Fund) are both Large Cap Growth Equities funds. Both are actively managed. Over the past 5 years, FLCNX returned 14.49%/yr vs 9.37%/yr for PRWAX. Their correlation of 0.95 suggests significant overlap in exposure. FLCNX charges 0.45%/yr vs 0.76%/yr for PRWAX.
Performance
FLCNX vs. PRWAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLCNX achieves a 6.08% return, which is significantly higher than PRWAX's -1.73% return.
FLCNX
- 1D
- 1.84%
- 1M
- -1.64%
- YTD
- 6.08%
- 6M
- 7.52%
- 1Y
- 21.31%
- 3Y*
- 25.88%
- 5Y*
- 14.49%
- 10Y*
- —
PRWAX
- 1D
- 2.24%
- 1M
- -1.86%
- YTD
- -1.73%
- 6M
- -1.68%
- 1Y
- 11.53%
- 3Y*
- 17.24%
- 5Y*
- 9.37%
- 10Y*
- 17.31%
FLCNX vs. PRWAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLCNX Fidelity Contrafund K6 | 6.08% | 22.05% | 35.37% | 37.67% | -27.13% | 24.21% | 30.85% | 30.91% | -2.16% | 13.77% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | -1.73% | 16.37% | 25.24% | 29.02% | -21.37% | 20.63% | 44.73% | 35.08% | 1.26% | 13.41% |
Correlation
The correlation between FLCNX and PRWAX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since May 25, 2017 | 0.95 |
The correlation between FLCNX and PRWAX has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FLCNX vs. PRWAX — Risk / Return Rank
FLCNX
PRWAX
FLCNX vs. PRWAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Contrafund K6 (FLCNX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX). 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 | PRWAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.14 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 0.73 | +1.01 |
| Martin ratioReturn relative to average drawdown | 7.12 | 2.54 | +4.58 |
Loading charts...
Drawdowns
FLCNX vs. PRWAX - Drawdown Comparison
The maximum FLCNX drawdown since its inception was -32.07%, smaller than the maximum PRWAX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for FLCNX and PRWAX.
Loading charts...
Drawdown Indicators
| FLCNX | PRWAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.07% | -55.06% | +22.99% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -14.09% | +2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -19.06% | -1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -32.07% | -29.38% | -2.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.50% | — |
Current DrawdownCurrent decline from peak | -2.51% | -3.66% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -6.64% | -9.89% | +3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 4.05% | -1.19% |
Volatility
FLCNX vs. PRWAX - Volatility Comparison
Fidelity Contrafund K6 (FLCNX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX) have volatilities of 5.19% and 5.15%, 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.
Loading charts...
Volatility by Period
| FLCNX | PRWAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 5.15% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 11.43% | 11.37% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.85% | 13.90% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.15% | 17.70% | +1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.42% | 18.76% | +1.66% |
FLCNX vs. PRWAX - Expense Ratio Comparison
FLCNX has a 0.45% expense ratio, which is lower than PRWAX's 0.76% expense ratio.
Dividends
FLCNX vs. PRWAX - Dividend Comparison
FLCNX's dividend yield for the trailing twelve months is around 10.82%, more than PRWAX's 8.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCNX Fidelity Contrafund K6 | 10.82% | 8.35% | 0.36% | 0.49% | 1.18% | 0.46% | 0.21% | 0.30% | 0.33% | 0.15% | 0.00% | 0.00% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 8.50% | 8.35% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% |
Frequently Asked Questions
FLCNX and PRWAX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLCNX has higher volatility (5.19%) compared to PRWAX (5.15%). In terms of maximum drawdown, FLCNX dropped -32.07% vs PRWAX's -55.06%.
FLCNX currently has the higher Sharpe Ratio (1.37 vs 0.74), 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.
Find the right allocation for FLCNX and PRWAX
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