FNICX vs. FCNTX
FNICX (Fidelity Advisor New Insights Fund Class C) and FCNTX (Fidelity Contrafund) are both Large Cap Growth Equities funds from Fidelity. Over the past 10 years, FNICX returned 14.70%/yr vs 16.85%/yr for FCNTX. Their 0.98 correlation means they have historically moved very closely together. FNICX charges 1.70%/yr vs 0.39%/yr for FCNTX.
Performance
FNICX vs. FCNTX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FNICX having a 5.75% return and FCNTX slightly lower at 5.62%. Over the past 10 years, FNICX has underperformed FCNTX with an annualized return of 14.70%, while FCNTX has yielded a comparatively higher 16.85% annualized return.
FNICX
- 1D
- 1.37%
- 1M
- -5.09%
- 6M
- 3.78%
- YTD
- 5.75%
- 1Y
- 12.54%
- 3Y*
- 21.60%
- 5Y*
- 12.14%
- 10Y*
- 14.70%
- ALL TIME*
- 10.63%
FCNTX
- 1D
- 0.95%
- 1M
- -3.83%
- 6M
- 3.61%
- YTD
- 5.62%
- 1Y
- 13.75%
- 3Y*
- 22.98%
- 5Y*
- 13.11%
- 10Y*
- 16.85%
- ALL TIME*
- 13.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FCNTX Fidelity Contrafund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
FNICX vs. FCNTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNICX Fidelity Advisor New Insights Fund Class C | 5.75% | 19.70% | 33.94% | 34.88% | -26.87% | 23.48% | 22.72% | 28.17% | -5.40% | 27.10% |
FCNTX Fidelity Contrafund | 5.62% | 21.76% | 36.00% | 38.67% | -28.31% | 24.52% | 32.48% | 30.00% | -3.81% | 32.18% |
Correlation
The correlation between FNICX and FCNTX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2003 | 0.98 |
The correlation between FNICX and FCNTX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
FNICX vs. FCNTX — Risk / Return Rank
FNICX
FCNTX
FNICX vs. FCNTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor New Insights Fund Class C (FNICX) and Fidelity Contrafund (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.
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.
| FNICX | FCNTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 1.19 | +0.13 |
| Martin ratioReturn relative to average drawdown | 4.83 | 4.65 | +0.18 |
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Drawdowns
FNICX vs. FCNTX - Drawdown Comparison
The maximum FNICX drawdown since its inception was -50.18%, roughly equal to the maximum FCNTX drawdown of -49.19%. Use the drawdown chart below to compare losses from any high point for FNICX and FCNTX.
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Drawdown Indicators
| FNICX | FCNTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.18% | -49.19% | -0.99% |
Max Drawdown (1Y)Largest decline over 1 year | -10.53% | -11.30% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -21.10% | -19.75% | -1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -32.17% | -32.59% | +0.42% |
Max Drawdown (10Y)Largest decline over 10 years | -32.17% | -32.59% | +0.42% |
Current DrawdownCurrent decline from peak | -7.34% | -5.29% | -2.05% |
Average DrawdownAverage peak-to-trough decline | -7.58% | -8.14% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 2.89% | -0.01% |
Volatility
FNICX vs. FCNTX - Volatility Comparison
Fidelity Advisor New Insights Fund Class C (FNICX) has a higher volatility of 4.60% compared to Fidelity Contrafund (FCNTX) at 3.84%. This indicates that FNICX'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
| FNICX | FCNTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 3.84% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 13.09% | 12.26% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.19% | 15.46% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.36% | 19.37% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.37% | 19.73% | -0.36% |
FNICX vs. FCNTX - Expense Ratio Comparison
FNICX has a 1.70% expense ratio, which is higher than FCNTX's 0.39% expense ratio.
Dividends
FNICX vs. FCNTX - Dividend Comparison
FNICX's dividend yield for the trailing twelve months is around 12.92%, more than FCNTX's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNTX Fidelity Contrafund | 4.42% | 5.21% | 4.19% | 3.78% | 11.87% | 10.80% | 8.01% | 4.16% | 7.46% | 6.08% | 3.81% | 5.33% |
FNICX Fidelity Advisor New Insights Fund Class C | 12.92% | 13.07% | 8.12% | 8.07% | 21.87% | 15.96% | 9.88% | 7.53% | 16.07% | 8.64% | 4.45% | 4.78% |
Frequently Asked Questions
With a correlation of 0.98, FNICX and FCNTX 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.
FNICX has higher volatility (4.60%) compared to FCNTX (3.84%). In terms of maximum drawdown, FNICX dropped -50.18% vs FCNTX's -49.19%.
FCNTX currently has the higher Sharpe Ratio (0.87 vs 0.86), 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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