FSMEX vs. FCNTX
Compare and contrast key facts about Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Fidelity Contrafund Fund (FCNTX).
FSMEX is managed by Fidelity. It was launched on Apr 28, 1998. FCNTX is managed by Fidelity. It was launched on May 17, 1967.
Performance
FSMEX vs. FCNTX - Performance Comparison
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FSMEX vs. FCNTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSMEX Fidelity Select Medical Technology and Devices Portfolio | -17.58% | 8.13% | 18.37% | 0.62% | -24.84% | 24.56% | 30.18% | 29.58% | 15.98% | 26.66% |
FCNTX Fidelity Contrafund Fund | -8.57% | 21.76% | 36.00% | 38.67% | -28.31% | 24.52% | 32.48% | 30.00% | -3.81% | 32.18% |
Returns By Period
In the year-to-date period, FSMEX achieves a -17.58% return, which is significantly lower than FCNTX's -8.57% return. Over the past 10 years, FSMEX has underperformed FCNTX with an annualized return of 10.46%, while FCNTX has yielded a comparatively higher 15.63% annualized return.
FSMEX
- 1D
- -0.58%
- 1M
- -11.19%
- YTD
- -17.58%
- 6M
- -11.01%
- 1Y
- -8.83%
- 3Y*
- 0.36%
- 5Y*
- -0.71%
- 10Y*
- 10.46%
FCNTX
- 1D
- -0.22%
- 1M
- -9.40%
- YTD
- -8.57%
- 6M
- -6.17%
- 1Y
- 16.04%
- 3Y*
- 23.48%
- 5Y*
- 12.82%
- 10Y*
- 15.63%
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FSMEX vs. FCNTX - Expense Ratio Comparison
FSMEX has a 0.68% expense ratio, which is higher than FCNTX's 0.39% expense ratio.
Return for Risk
FSMEX vs. FCNTX — Risk / Return Rank
FSMEX
FCNTX
FSMEX vs. FCNTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Medical Technology and Devices Portfolio (FSMEX) and Fidelity Contrafund Fund (FCNTX). 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.
| FSMEX | FCNTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.41 | 0.83 | -1.23 |
Sortino ratioReturn per unit of downside risk | -0.46 | 1.30 | -1.75 |
Omega ratioGain probability vs. loss probability | 0.94 | 1.18 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | -0.48 | 1.17 | -1.65 |
Martin ratioReturn relative to average drawdown | -1.55 | 4.57 | -6.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSMEX | FCNTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.41 | 0.83 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.67 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.80 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.76 | -0.11 |
Correlation
The correlation between FSMEX and FCNTX is 0.74, 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.
Dividends
FSMEX vs. FCNTX - Dividend Comparison
FSMEX's dividend yield for the trailing twelve months is around 12.78%, more than FCNTX's 5.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMEX Fidelity Select Medical Technology and Devices Portfolio | 12.78% | 10.53% | 17.04% | 0.00% | 1.80% | 8.12% | 6.65% | 1.77% | 7.47% | 6.26% | 5.84% | 16.35% |
FCNTX Fidelity Contrafund Fund | 5.10% | 5.21% | 4.19% | 3.78% | 11.87% | 10.80% | 8.01% | 4.16% | 7.46% | 6.08% | 3.81% | 5.33% |
Drawdowns
FSMEX vs. FCNTX - Drawdown Comparison
The maximum FSMEX drawdown since its inception was -40.34%, smaller than the maximum FCNTX drawdown of -49.19%. Use the drawdown chart below to compare losses from any high point for FSMEX and FCNTX.
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Drawdown Indicators
| FSMEX | FCNTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.34% | -49.19% | +8.85% |
Max Drawdown (1Y)Largest decline over 1 year | -21.04% | -11.30% | -9.74% |
Max Drawdown (5Y)Largest decline over 5 years | -40.34% | -32.59% | -7.75% |
Max Drawdown (10Y)Largest decline over 10 years | -40.34% | -32.59% | -7.75% |
Current DrawdownCurrent decline from peak | -22.82% | -11.30% | -11.52% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -8.18% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.50% | 2.90% | +3.60% |
Volatility
FSMEX vs. FCNTX - Volatility Comparison
Fidelity Select Medical Technology and Devices Portfolio (FSMEX) has a higher volatility of 5.85% compared to Fidelity Contrafund Fund (FCNTX) at 5.19%. This indicates that FSMEX's price experiences larger fluctuations and is considered to be riskier than FCNTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMEX | FCNTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 5.19% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 10.56% | +1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.03% | 19.69% | +1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.75% | 19.13% | +1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.59% | 19.61% | +0.98% |