Correlation
The correlation between FSIGX and FLCNX is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
FSIGX vs. FLCNX
Compare and contrast key facts about Fidelity Series Investment Grade Bond Fund (FSIGX) and Fidelity Contrafund K6 (FLCNX).
FSIGX is managed by Fidelity. 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: FSIGX or FLCNX.
Performance
FSIGX vs. FLCNX - Performance Comparison
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Key characteristics
FSIGX:
1.19
FLCNX:
0.83
FSIGX:
1.59
FLCNX:
1.17
FSIGX:
1.19
FLCNX:
1.16
FSIGX:
0.69
FLCNX:
0.83
FSIGX:
2.85
FLCNX:
2.84
FSIGX:
2.06%
FLCNX:
5.93%
FSIGX:
5.54%
FLCNX:
22.66%
FSIGX:
-17.59%
FLCNX:
-32.07%
FSIGX:
-3.33%
FLCNX:
-2.77%
Returns By Period
In the year-to-date period, FSIGX achieves a 2.45% return, which is significantly lower than FLCNX's 5.11% return.
FSIGX
2.45%
-0.89%
1.01%
6.59%
2.32%
0.46%
2.40%
FLCNX
5.11%
8.80%
3.78%
18.62%
21.83%
17.27%
N/A
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FSIGX vs. FLCNX - Expense Ratio Comparison
Risk-Adjusted Performance
FSIGX vs. FLCNX — Risk-Adjusted Performance Rank
FSIGX
FLCNX
FSIGX vs. FLCNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Investment Grade Bond Fund (FSIGX) 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.
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Dividends
FSIGX vs. FLCNX - Dividend Comparison
FSIGX's dividend yield for the trailing twelve months is around 4.38%, more than FLCNX's 0.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSIGX Fidelity Series Investment Grade Bond Fund | 4.38% | 4.38% | 4.00% | 3.16% | 2.25% | 6.50% | 3.09% | 3.20% | 2.62% | 3.82% | 3.58% | 2.68% |
FLCNX Fidelity Contrafund K6 | 0.41% | 0.36% | 0.49% | 1.18% | 0.46% | 0.21% | 0.30% | 0.33% | 0.15% | 0.00% | 0.00% | 0.00% |
Drawdowns
FSIGX vs. FLCNX - Drawdown Comparison
The maximum FSIGX drawdown since its inception was -17.59%, smaller than the maximum FLCNX drawdown of -32.07%. Use the drawdown chart below to compare losses from any high point for FSIGX and FLCNX.
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Volatility
FSIGX vs. FLCNX - Volatility Comparison
The current volatility for Fidelity Series Investment Grade Bond Fund (FSIGX) is 1.46%, while Fidelity Contrafund K6 (FLCNX) has a volatility of 5.18%. This indicates that FSIGX experiences smaller price fluctuations and is considered to be less risky than FLCNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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