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FNGLX vs. FCNTX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FNGLX vs. FCNTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2060 Fund Class Z6 (FNGLX) and Fidelity Contrafund Fund (FCNTX). The values are adjusted to include any dividend payments, if applicable.

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FNGLX vs. FCNTX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FNGLX
Fidelity Advisor Freedom 2060 Fund Class Z6
-3.97%23.45%13.95%19.61%-17.95%16.30%17.81%26.88%-7.97%8.02%
FCNTX
Fidelity Contrafund Fund
-8.57%21.76%36.00%38.67%-28.31%24.52%32.48%30.00%-3.81%12.94%

Returns By Period

In the year-to-date period, FNGLX achieves a -3.97% return, which is significantly higher than FCNTX's -8.57% return.


FNGLX

1D
-0.32%
1M
-9.31%
YTD
-3.97%
6M
-0.79%
1Y
17.78%
3Y*
14.90%
5Y*
7.92%
10Y*

FCNTX

1D
-0.22%
1M
-9.40%
YTD
-8.57%
6M
-6.17%
1Y
16.04%
3Y*
23.48%
5Y*
12.82%
10Y*
15.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FNGLX vs. FCNTX - Expense Ratio Comparison

FNGLX has a 0.50% expense ratio, which is higher than FCNTX's 0.39% expense ratio.


Return for Risk

FNGLX vs. FCNTX — Risk / Return Rank

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

FNGLX
FNGLX Risk / Return Rank: 6363
Overall Rank
FNGLX Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
FNGLX Sortino Ratio Rank: 6464
Sortino Ratio Rank
FNGLX Omega Ratio Rank: 6464
Omega Ratio Rank
FNGLX Calmar Ratio Rank: 5858
Calmar Ratio Rank
FNGLX Martin Ratio Rank: 6464
Martin Ratio Rank

FCNTX
FCNTX Risk / Return Rank: 4444
Overall Rank
FCNTX Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
FCNTX Sortino Ratio Rank: 4545
Sortino Ratio Rank
FCNTX Omega Ratio Rank: 4444
Omega Ratio Rank
FCNTX Calmar Ratio Rank: 4848
Calmar Ratio Rank
FCNTX Martin Ratio Rank: 4646
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.

FNGLX vs. FCNTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2060 Fund Class Z6 (FNGLX) and Fidelity Contrafund Fund (FCNTX). 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.


FNGLXFCNTXDifference

Sharpe ratio

Return per unit of total volatility

1.12

0.83

+0.30

Sortino ratio

Return per unit of downside risk

1.62

1.30

+0.32

Omega ratio

Gain probability vs. loss probability

1.24

1.18

+0.06

Calmar ratio

Return relative to maximum drawdown

1.35

1.17

+0.18

Martin ratio

Return relative to average drawdown

6.02

4.57

+1.45

FNGLX vs. FCNTX - Sharpe Ratio Comparison

The current FNGLX Sharpe Ratio is 1.12, which is higher than the FCNTX Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of FNGLX and FCNTX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


FNGLXFCNTXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.12

0.83

+0.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.54

0.67

-0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.80

Sharpe Ratio (All Time)

Calculated using the full available price history

0.62

0.76

-0.14

Correlation

The correlation between FNGLX and FCNTX is 0.86, 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

FNGLX vs. FCNTX - Dividend Comparison

FNGLX's dividend yield for the trailing twelve months is around 5.14%, which matches FCNTX's 5.10% yield.


TTM20252024202320222021202020192018201720162015
FNGLX
Fidelity Advisor Freedom 2060 Fund Class Z6
5.14%4.94%2.04%2.36%10.48%8.88%4.70%6.51%8.88%1.06%0.00%0.00%
FCNTX
Fidelity Contrafund Fund
5.10%5.21%4.19%3.78%11.87%10.80%8.01%4.16%7.46%6.08%3.81%5.33%

Drawdowns

FNGLX vs. FCNTX - Drawdown Comparison

The maximum FNGLX drawdown since its inception was -31.22%, smaller than the maximum FCNTX drawdown of -49.19%. Use the drawdown chart below to compare losses from any high point for FNGLX and FCNTX.


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Drawdown Indicators


FNGLXFCNTXDifference

Max Drawdown

Largest peak-to-trough decline

-31.22%

-49.19%

+17.97%

Max Drawdown (1Y)

Largest decline over 1 year

-11.13%

-11.30%

+0.17%

Max Drawdown (5Y)

Largest decline over 5 years

-27.15%

-32.59%

+5.44%

Max Drawdown (10Y)

Largest decline over 10 years

-32.59%

Current Drawdown

Current decline from peak

-9.90%

-11.30%

+1.40%

Average Drawdown

Average peak-to-trough decline

-5.55%

-8.18%

+2.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.60%

2.90%

-0.30%

Volatility

FNGLX vs. FCNTX - Volatility Comparison

Fidelity Advisor Freedom 2060 Fund Class Z6 (FNGLX) has a higher volatility of 5.63% compared to Fidelity Contrafund Fund (FCNTX) at 5.19%. This indicates that FNGLX's price experiences larger fluctuations and is considered to be riskier than FCNTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


FNGLXFCNTXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.63%

5.19%

+0.44%

Volatility (6M)

Calculated over the trailing 6-month period

9.49%

10.56%

-1.07%

Volatility (1Y)

Calculated over the trailing 1-year period

15.83%

19.69%

-3.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.80%

19.13%

-4.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.04%

19.61%

-3.57%