FSKGX vs. FCNKX
FSKGX (Fidelity Growth Strategies K6 Fund) and FCNKX (Fidelity Contrafund) are both mutual funds - FSKGX is a Mid Cap Growth Equities fund managed by Fidelity, while FCNKX is a Large Cap Growth Equities fund actively managed by Fidelity. Over the past 5 years, FSKGX returned 4.80%/yr vs 13.56%/yr for FCNKX. Their correlation of 0.86 means they have usually moved in the same direction. FSKGX charges 0.45%/yr vs 0.74%/yr for FCNKX.
Performance
FSKGX vs. FCNKX - Performance Comparison
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Returns By Period
In the year-to-date period, FSKGX achieves a 3.88% return, which is significantly lower than FCNKX's 5.63% return.
FSKGX
- 1D
- 3.40%
- 1M
- -6.61%
- 6M
- 3.78%
- YTD
- 3.88%
- 1Y
- -0.69%
- 3Y*
- 11.50%
- 5Y*
- 4.80%
- 10Y*
- —
- ALL TIME*
- 11.31%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FCNKX Fidelity Contrafund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
FSKGX vs. FCNKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSKGX Fidelity Growth Strategies K6 Fund | 3.88% | 7.82% | 20.04% | 21.58% | -26.20% | 21.62% | 29.50% | 36.90% | -6.89% | 10.43% |
FCNKX Fidelity Contrafund | 5.63% | 21.88% | 36.08% | 39.50% | -27.44% | 24.66% | 32.50% | 30.18% | -2.27% | 13.41% |
Correlation
The correlation between FSKGX and FCNKX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 25, 2017 | 0.86 |
The correlation between FSKGX and FCNKX shifts across timeframes, from 0.76 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSKGX vs. FCNKX — Risk / Return Rank
FSKGX
FCNKX
FSKGX vs. FCNKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies K6 Fund (FSKGX) 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.
| FSKGX | FCNKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.16 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 1.21 | -1.38 |
| Martin ratioReturn relative to average drawdown | -0.47 | 4.68 | -5.15 |
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Drawdowns
FSKGX vs. FCNKX - Drawdown Comparison
The maximum FSKGX drawdown since its inception was -36.51%, smaller than the maximum FCNKX drawdown of -46.44%. Use the drawdown chart below to compare losses from any high point for FSKGX and FCNKX.
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Drawdown Indicators
| FSKGX | FCNKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.51% | -46.44% | +9.93% |
Max Drawdown (1Y)Largest decline over 1 year | -16.39% | -11.29% | -5.10% |
Max Drawdown (3Y)Largest decline over 3 years | -29.47% | -19.73% | -9.74% |
Max Drawdown (5Y)Largest decline over 5 years | -36.51% | -31.77% | -4.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.77% | — |
Current DrawdownCurrent decline from peak | -10.53% | -5.30% | -5.23% |
Average DrawdownAverage peak-to-trough decline | -8.88% | -7.26% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.95% | 2.90% | +3.05% |
Volatility
FSKGX vs. FCNKX - Volatility Comparison
Fidelity Growth Strategies K6 Fund (FSKGX) has a higher volatility of 7.86% compared to Fidelity Contrafund (FCNKX) at 3.82%. This indicates that FSKGX'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.
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Volatility by Period
| FSKGX | FCNKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.86% | 3.82% | +4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 18.41% | 12.24% | +6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.67% | 15.49% | +7.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.45% | 19.34% | +4.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.90% | 19.71% | +3.19% |
FSKGX vs. FCNKX - Expense Ratio Comparison
FSKGX has a 0.45% expense ratio, which is lower than FCNKX's 0.74% expense ratio.
Dividends
FSKGX vs. FCNKX - Dividend Comparison
FSKGX has not paid dividends to shareholders, while FCNKX's dividend yield for the trailing twelve months is around 4.40%.
| 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% |
FSKGX Fidelity Growth Strategies K6 Fund | 0.00% | 0.00% | 0.00% | 1.37% | 0.27% | 26.04% | 2.53% | 0.50% | 0.85% | 0.30% | 0.00% | 0.00% |
Frequently Asked Questions
FSKGX and FCNKX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSKGX has higher volatility (7.86%) compared to FCNKX (3.82%). In terms of maximum drawdown, FSKGX dropped -36.51% vs FCNKX's -46.44%.
FCNKX currently has the higher Sharpe Ratio (0.88 vs -0.12), 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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