FOKFX vs. FLCNX
Compare and contrast key facts about Fidelity OTC K6 Portfolio (FOKFX) and Fidelity Contrafund K6 (FLCNX).
FOKFX is managed by Fidelity. It was launched on Jun 13, 2019. FLCNX is managed by Fidelity. It was launched on May 25, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FOKFX or FLCNX.
Performance
FOKFX vs. FLCNX - Performance Comparison
Returns By Period
In the year-to-date period, FOKFX achieves a 26.35% return, which is significantly lower than FLCNX's 35.58% return.
FOKFX
26.35%
1.76%
6.15%
31.20%
18.20%
N/A
FLCNX
35.58%
2.16%
11.82%
40.19%
18.24%
N/A
Key characteristics
| FOKFX | FLCNX | |
|---|---|---|
| Sharpe Ratio | 1.70 | 2.62 |
| Sortino Ratio | 2.28 | 3.50 |
| Omega Ratio | 1.31 | 1.49 |
| Calmar Ratio | 2.14 | 3.67 |
| Martin Ratio | 6.39 | 16.06 |
| Ulcer Index | 4.89% | 2.50% |
| Daily Std Dev | 18.32% | 15.35% |
| Max Drawdown | -37.76% | -32.07% |
| Current Drawdown | -3.74% | -1.51% |
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FOKFX vs. FLCNX - Expense Ratio Comparison
FOKFX has a 0.50% expense ratio, which is higher than FLCNX's 0.45% expense ratio.
Correlation
The correlation between FOKFX and FLCNX is 0.96, 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.
Risk-Adjusted Performance
FOKFX vs. FLCNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity OTC K6 Portfolio (FOKFX) and Fidelity Contrafund K6 (FLCNX). 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.
Dividends
FOKFX vs. FLCNX - Dividend Comparison
FOKFX's dividend yield for the trailing twelve months is around 0.21%, less than FLCNX's 0.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FOKFX Fidelity OTC K6 Portfolio | 0.21% | 0.24% | 0.08% | 0.00% | 0.07% | 0.11% | 0.00% | 0.00% |
FLCNX Fidelity Contrafund K6 | 0.39% | 0.49% | 0.62% | 0.20% | 0.21% | 0.30% | 0.33% | 0.15% |
Drawdowns
FOKFX vs. FLCNX - Drawdown Comparison
The maximum FOKFX drawdown since its inception was -37.76%, which is greater than FLCNX's maximum drawdown of -32.07%. Use the drawdown chart below to compare losses from any high point for FOKFX and FLCNX. For additional features, visit the drawdowns tool.
Volatility
FOKFX vs. FLCNX - Volatility Comparison
Fidelity OTC K6 Portfolio (FOKFX) has a higher volatility of 5.48% compared to Fidelity Contrafund K6 (FLCNX) at 4.86%. This indicates that FOKFX's price experiences larger fluctuations and is considered to be riskier than FLCNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.