FSAEX vs. FLCNX
FSAEX (Fidelity Series All-Sector Equity Fund) and FLCNX (Fidelity Contrafund K6) are both mutual funds - FSAEX is a Large Cap Blend Equities fund managed by Fidelity, while FLCNX is a Large Cap Growth Equities fund actively managed by Fidelity. Over the past 5 years, FSAEX returned 14.34%/yr vs 13.49%/yr for FLCNX. Their correlation of 0.93 means they have usually moved in the same direction. FSAEX charges 0.00%/yr vs 0.45%/yr for FLCNX.
Performance
FSAEX vs. FLCNX - Performance Comparison
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Returns By Period
In the year-to-date period, FSAEX achieves a 12.66% return, which is significantly higher than FLCNX's 6.67% return.
FSAEX
- 1D
- 1.13%
- 1M
- 0.86%
- 6M
- 11.38%
- YTD
- 12.66%
- 1Y
- 23.66%
- 3Y*
- 22.04%
- 5Y*
- 14.34%
- 10Y*
- 16.46%
- ALL TIME*
- 14.40%
FLCNX
- 1D
- 1.28%
- 1M
- -1.95%
- 6M
- 4.58%
- YTD
- 6.67%
- 1Y
- 14.53%
- 3Y*
- 23.48%
- 5Y*
- 13.49%
- 10Y*
- —
- ALL TIME*
- 16.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FSAEX vs. FLCNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSAEX Fidelity Series All-Sector Equity Fund | 12.66% | 19.80% | 26.86% | 30.61% | -18.55% | 26.89% | 26.23% | 32.18% | -6.56% | 10.40% |
FLCNX Fidelity Contrafund K6 | 6.67% | 22.05% | 35.37% | 37.67% | -27.13% | 24.21% | 30.85% | 30.91% | -2.16% | 13.77% |
Correlation
The correlation between FSAEX and FLCNX is 0.93, 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. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since May 25, 2017 | 0.93 |
The correlation between FSAEX and FLCNX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
FSAEX vs. FLCNX — Risk / Return Rank
FSAEX
FLCNX
FSAEX vs. FLCNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series All-Sector Equity Fund (FSAEX) 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.
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.
| FSAEX | FLCNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.15 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 1.05 | +1.15 |
| Martin ratioReturn relative to average drawdown | 9.40 | 4.10 | +5.31 |
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Drawdowns
FSAEX vs. FLCNX - Drawdown Comparison
The maximum FSAEX drawdown since its inception was -34.55%, which is greater than FLCNX's maximum drawdown of -32.07%. Use the drawdown chart below to compare losses from any high point for FSAEX and FLCNX.
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Drawdown Indicators
| FSAEX | FLCNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.55% | -32.07% | -2.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.83% | -11.73% | +1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -19.87% | -20.14% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -24.66% | -32.07% | +7.41% |
Max Drawdown (10Y)Largest decline over 10 years | -34.55% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | -3.23% | +2.77% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -6.57% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 3.00% | -0.70% |
Volatility
FSAEX vs. FLCNX - Volatility Comparison
Fidelity Series All-Sector Equity Fund (FSAEX) and Fidelity Contrafund K6 (FLCNX) have volatilities of 4.01% and 4.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSAEX | FLCNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.01% | 4.05% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 11.08% | 12.28% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.90% | 15.63% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 19.27% | -1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.81% | 20.38% | -1.57% |
FSAEX vs. FLCNX - Expense Ratio Comparison
FSAEX has a 0.00% expense ratio, which is lower than FLCNX's 0.45% expense ratio.
Dividends
FSAEX vs. FLCNX - Dividend Comparison
FSAEX's dividend yield for the trailing twelve months is around 7.43%, less than FLCNX's 10.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCNX Fidelity Contrafund K6 | 10.76% | 8.35% | 0.36% | 0.49% | 1.18% | 0.46% | 0.21% | 0.30% | 0.33% | 0.15% | 0.00% | 0.00% |
FSAEX Fidelity Series All-Sector Equity Fund | 7.43% | 7.36% | 8.95% | 5.50% | 11.89% | 20.94% | 12.13% | 8.60% | 41.30% | 14.60% | 17.85% | 9.61% |
Frequently Asked Questions
With a correlation of 0.93, FSAEX and FLCNX 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.
FLCNX has higher volatility (4.05%) compared to FSAEX (4.01%). In terms of maximum drawdown, FSAEX dropped -34.55% vs FLCNX's -32.07%.
FSAEX currently has the higher Sharpe Ratio (1.56 vs 0.79), 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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