FLCNX vs. TVRIX

Last updated Apr 3, 2026

Compare and contrast key facts about Fidelity Contrafund K6 (FLCNX) and Guggenheim Directional Allocation Fund (TVRIX).

FLCNX is managed by Fidelity. It was launched on May 25, 2017. TVRIX is managed by Guggenheim. It was launched on Jun 18, 2012.

Performance

FLCNX vs. TVRIX - Performance Comparison

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

FLCNX vs. TVRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLCNX Fidelity Contrafund K6	-4.95%	22.05%	35.37%	37.67%	-27.13%	24.21%	30.85%	30.91%	-2.16%	13.77%
TVRIX Guggenheim Directional Allocation Fund	-4.20%	13.83%	7.87%	11.00%	-17.53%	27.30%	5.08%	30.45%	-7.53%	12.05%

Returns By Period

In the year-to-date period, FLCNX achieves a -4.95% return, which is significantly lower than TVRIX's -4.20% return.

FLCNX

• 1D: 0.81%
• 1M: -4.12%
• YTD: -4.95%
• 6M: -3.05%
• 1Y: 19.90%
• 3Y*: 24.88%
• 5Y*: 13.52%
• 10Y*: —

TVRIX

• 1D: 0.70%
• 1M: -3.08%
• YTD: -4.20%
• 6M: -1.95%
• 1Y: 11.94%
• 3Y*: 9.03%
• 5Y*: 4.91%
• 10Y*: 8.80%

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

FLCNX vs. TVRIX - Expense Ratio Comparison

FLCNX has a 0.45% expense ratio, which is lower than TVRIX's 1.09% expense ratio.

TVRIX

Guggenheim Directional Allocation Fund

FLCNX

Fidelity Contrafund K6

Return for Risk

FLCNX vs. TVRIX — Risk / Return Rank

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

FLCNX

FLCNX Risk / Return Rank: 53
FLCNX Sharpe Ratio Rank: 44
FLCNX Sortino Ratio Rank: 48
FLCNX Omega Ratio Rank: 45
FLCNX Calmar Ratio Rank: 67
FLCNX Martin Ratio Rank: 59

TVRIX

TVRIX Risk / Return Rank: 43
TVRIX Sharpe Ratio Rank: 41
TVRIX Sortino Ratio Rank: 41
TVRIX Omega Ratio Rank: 38
TVRIX Calmar Ratio Rank: 47
TVRIX Martin Ratio Rank: 49

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. TVRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Contrafund K6 (FLCNX) and Guggenheim Directional Allocation Fund (TVRIX). 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	TVRIX	Difference
Sharpe ratio Return per unit of total volatility	1.02	0.99	+0.03
Sortino ratio Return per unit of downside risk	1.57	1.46	+0.10
Omega ratio Gain probability vs. loss probability	1.22	1.21	+0.02
Calmar ratio Return relative to maximum drawdown	1.85	1.53	+0.32
Martin ratio Return relative to average drawdown	6.96	6.19	+0.77
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. TVRIX - Sharpe Ratio Comparison

The current FLCNX Sharpe Ratio is 1.02, which is comparable to the TVRIX Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of FLCNX and TVRIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FLCNX	TVRIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	0.99	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.34	+0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.55	+0.24

Correlation

The correlation between FLCNX and TVRIX is 0.83, 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.

Dividends

FLCNX vs. TVRIX - Dividend Comparison

FLCNX's dividend yield for the trailing twelve months is around 12.08%, more than TVRIX's 10.06% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLCNX Fidelity Contrafund K6	12.08%	8.35%	0.36%	0.49%	1.18%	0.46%	0.21%	0.30%	0.33%	0.15%
TVRIX Guggenheim Directional Allocation Fund	10.06%	9.64%	0.00%	2.03%	0.71%	14.34%	0.30%	16.62%	14.33%	0.00%

Drawdowns

FLCNX vs. TVRIX - Drawdown Comparison

The maximum FLCNX drawdown since its inception was -32.07%, smaller than the maximum TVRIX drawdown of -39.36%. Use the drawdown chart below to compare losses from any high point for FLCNX and TVRIX.

Drawdown Indicators

	FLCNX	TVRIX	Difference
Max Drawdown Largest peak-to-trough decline	-32.07%	-39.36%	+7.29%
Max Drawdown (1Y) Largest decline over 1 year	-11.73%	-8.45%	-3.28%
Max Drawdown (5Y) Largest decline over 5 years	-32.07%	-24.87%	-7.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.36%	—
Current Drawdown Current decline from peak	-7.82%	-8.56%	+0.74%
Average Drawdown Average peak-to-trough decline	-6.76%	-6.10%	-0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	2.09%	+1.03%

Volatility

FLCNX vs. TVRIX - Volatility Comparison

Fidelity Contrafund K6 (FLCNX) has a higher volatility of 6.72% compared to Guggenheim Directional Allocation Fund (TVRIX) at 4.50%. This indicates that FLCNX's price experiences larger fluctuations and is considered to be riskier than TVRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCNX	TVRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.72%	4.50%	+2.22%
Volatility (6M) Calculated over the trailing 6-month period	11.42%	7.87%	+3.55%
Volatility (1Y) Calculated over the trailing 1-year period	20.47%	12.62%	+7.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.09%	14.46%	+4.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.52%	17.80%	+2.72%