FOCKX vs. FCNKX

Last updated Aug 1, 2026

FOCKX (Fidelity OTC Portfolio Class K) and FCNKX (Fidelity Contrafund) are both Large Cap Growth Equities funds from Fidelity. Over the past 10 years, FOCKX returned 21.08%/yr vs 17.30%/yr for FCNKX. Their correlation of 0.94 means they have usually moved in the same direction. FOCKX charges 0.65%/yr vs 0.74%/yr for FCNKX.

Performance

FOCKX vs. FCNKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity OTC Portfolio Class K (FOCKX) and Fidelity Contrafund (FCNKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FOCKX achieves a 18.25% return, which is significantly higher than FCNKX's 5.63% return. Over the past 10 years, FOCKX has outperformed FCNKX with an annualized return of 21.08%, while FCNKX has yielded a comparatively lower 17.30% annualized return.

FOCKX

• 1D: 2.60%
• 1M: -5.20%
• 6M: 15.57%
• YTD: 18.25%
• 1Y: 36.24%
• 3Y*: 28.61%
• 5Y*: 15.62%
• 10Y*: 21.08%
• ALL TIME*: 16.81%

FCNKX

• 1D: 0.94%
• 1M: -3.81%
• 6M: 3.68%
• YTD: 5.63%
• 1Y: 13.83%
• 3Y*: 23.27%
• 5Y*: 13.56%
• 10Y*: 17.30%
• ALL TIME*: 12.86%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FCNKX Fidelity Contrafund	$0.00	$0.00	$0.00
FOCKX Fidelity OTC Portfolio Class K	$0.00	$0.00	$0.00

FOCKX vs. FCNKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FOCKX Fidelity OTC Portfolio Class K	18.25%	22.28%	38.91%	42.92%	-32.07%	25.06%	46.83%	39.36%	-3.18%	38.78%
FCNKX Fidelity Contrafund	5.63%	21.88%	36.08%	39.50%	-27.44%	24.66%	32.50%	30.18%	-2.27%	32.20%

Correlation

The correlation between FOCKX and FCNKX is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.95
Correlation (All Time) Calculated using the full available price history since May 15, 2008	0.94

The correlation between FOCKX and FCNKX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

Return for Risk

FOCKX vs. FCNKX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FOCKX

FOCKX Risk / Return Rank: 76
FOCKX Sharpe Ratio Rank: 73
FOCKX Sortino Ratio Rank: 68
FOCKX Omega Ratio Rank: 66
FOCKX Calmar Ratio Rank: 88
FOCKX Martin Ratio Rank: 85

FCNKX

FCNKX Risk / Return Rank: 28
FCNKX Sharpe Ratio Rank: 27
FCNKX Sortino Ratio Rank: 27
FCNKX Omega Ratio Rank: 27
FCNKX Calmar Ratio Rank: 28
FCNKX Martin Ratio Rank: 33

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FOCKX vs. FCNKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity OTC Portfolio Class K (FOCKX) and Fidelity Contrafund (FCNKX). 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.

	FOCKX	FCNKX	Difference
Sharpe ratio: Return per unit of total volatility	1.65	0.88	+0.78
Sortino ratio: Return per unit of downside risk	2.25	1.30	+0.95
Omega ratio: Gain probability vs. loss probability	1.28	1.16	+0.12
Calmar ratio: Return relative to maximum drawdown	3.08	1.21	+1.87
Martin ratio: Return relative to average drawdown	10.58	4.68	+5.90

FOCKX vs. FCNKX - Sharpe Ratio Comparison

The current FOCKX Sharpe Ratio is 1.65, which is higher than the FCNKX Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of FOCKX and FCNKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FOCKX vs. FCNKX - Drawdown Comparison

The maximum FOCKX drawdown since its inception was -53.33%, which is greater than FCNKX's maximum drawdown of -46.44%. Use the drawdown chart below to compare losses from any high point for FOCKX and FCNKX.

Drawdown Indicators

	FOCKX	FCNKX	Difference
Max Drawdown Largest peak-to-trough decline	-53.33%	-46.44%	-6.89%
Max Drawdown (1Y) Largest decline over 1 year	-11.28%	-11.29%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-24.83%	-19.73%	-5.10%
Max Drawdown (5Y) Largest decline over 5 years	-36.97%	-31.77%	-5.20%
Max Drawdown (10Y) Largest decline over 10 years	-36.97%	-31.77%	-5.20%
Current Drawdown Current decline from peak	-8.82%	-5.30%	-3.52%
Average Drawdown Average peak-to-trough decline	-8.34%	-7.26%	-1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	2.90%	+0.37%

Volatility

FOCKX vs. FCNKX - Volatility Comparison

Fidelity OTC Portfolio Class K (FOCKX) has a higher volatility of 6.28% compared to Fidelity Contrafund (FCNKX) at 3.82%. This indicates that FOCKX's price experiences larger fluctuations and is considered to be riskier than FCNKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FOCKX	FCNKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.28%	3.82%	+2.46%
Volatility (6M) Calculated over the trailing 6-month period	17.28%	12.24%	+5.04%
Volatility (1Y) Calculated over the trailing 1-year period	20.99%	15.49%	+5.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.17%	19.34%	+3.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.61%	19.71%	+2.90%

FOCKX vs. FCNKX - Expense Ratio Comparison

FOCKX has a 0.65% expense ratio, which is lower than FCNKX's 0.74% expense ratio.

Dividends

FOCKX vs. FCNKX - Dividend Comparison

FOCKX's dividend yield for the trailing twelve months is around 6.39%, more than FCNKX's 4.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCNKX Fidelity Contrafund	4.40%	5.18%	4.28%	4.31%	13.69%	10.77%	8.00%	4.15%	9.14%	6.09%	3.92%	4.47%
FOCKX Fidelity OTC Portfolio Class K	6.39%	7.56%	16.42%	0.09%	3.97%	11.34%	6.18%	7.49%	7.81%	4.85%	3.25%	5.42%

Frequently Asked Questions

Can I hold both FOCKX and FCNKX in my portfolio?

With a correlation of 0.90, FOCKX and FCNKX 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.

Which is riskier, FOCKX or FCNKX?

FOCKX has higher volatility (6.28%) compared to FCNKX (3.82%). In terms of maximum drawdown, FOCKX dropped -53.33% vs FCNKX's -46.44%.

Which has better risk-adjusted returns?

FOCKX currently has the higher Sharpe Ratio (1.65 vs 0.88), 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.