FSNVX vs. FCNKX
FSNVX (Fidelity Freedom 2040 Fund Class K) and FCNKX (Fidelity Contrafund) are both mutual funds - FSNVX is a Target Retirement Date fund managed by Fidelity, while FCNKX is a Large Cap Growth Equities fund actively managed by Fidelity. Over the past 5 years, FSNVX returned 9.71%/yr vs 13.56%/yr for FCNKX. Their correlation of 0.86 means they have usually moved in the same direction. FSNVX charges 0.65%/yr vs 0.74%/yr for FCNKX.
Performance
FSNVX vs. FCNKX - Performance Comparison
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Returns By Period
In the year-to-date period, FSNVX achieves a 10.50% return, which is significantly higher than FCNKX's 5.63% return.
FSNVX
- 1D
- 2.01%
- 1M
- -1.11%
- 6M
- 6.91%
- YTD
- 10.50%
- 1Y
- 21.82%
- 3Y*
- 17.51%
- 5Y*
- 9.71%
- 10Y*
- —
- ALL TIME*
- 11.24%
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 |
FSNVX vs. FCNKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSNVX Fidelity Freedom 2040 Fund Class K | 10.50% | 22.12% | 16.08% | 20.08% | -18.17% | 16.62% | 18.44% | 25.49% | -8.87% | 7.42% |
FCNKX Fidelity Contrafund | 5.63% | 21.88% | 36.08% | 39.50% | -27.44% | 24.66% | 32.50% | 30.18% | -2.27% | 8.59% |
Correlation
The correlation between FSNVX and FCNKX is 0.87, 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. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2017 | 0.86 |
The correlation between FSNVX and FCNKX has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
FSNVX vs. FCNKX — Risk / Return Rank
FSNVX
FCNKX
FSNVX vs. FCNKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund Class K (FSNVX) 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.
| FSNVX | FCNKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.16 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 1.21 | +1.15 |
| Martin ratioReturn relative to average drawdown | 9.76 | 4.68 | +5.08 |
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Drawdowns
FSNVX vs. FCNKX - Drawdown Comparison
The maximum FSNVX drawdown since its inception was -30.96%, smaller than the maximum FCNKX drawdown of -46.44%. Use the drawdown chart below to compare losses from any high point for FSNVX and FCNKX.
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Drawdown Indicators
| FSNVX | FCNKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.96% | -46.44% | +15.48% |
Max Drawdown (1Y)Largest decline over 1 year | -8.71% | -11.29% | +2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -14.08% | -19.73% | +5.65% |
Max Drawdown (5Y)Largest decline over 5 years | -27.21% | -31.77% | +4.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.77% | — |
Current DrawdownCurrent decline from peak | -2.27% | -5.30% | +3.03% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -7.26% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 2.90% | -0.80% |
Volatility
FSNVX vs. FCNKX - Volatility Comparison
Fidelity Freedom 2040 Fund Class K (FSNVX) and Fidelity Contrafund (FCNKX) have volatilities of 3.90% and 3.82%, 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
| FSNVX | FCNKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 3.82% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 10.93% | 12.24% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.78% | 15.49% | -2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.54% | 19.34% | -4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 19.71% | -4.06% |
FSNVX vs. FCNKX - Expense Ratio Comparison
FSNVX has a 0.65% expense ratio, which is lower than FCNKX's 0.74% expense ratio.
Dividends
FSNVX vs. FCNKX - Dividend Comparison
FSNVX's dividend yield for the trailing twelve months is around 6.45%, more than FCNKX's 4.40% yield.
| 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% |
FSNVX Fidelity Freedom 2040 Fund Class K | 6.45% | 5.08% | 5.22% | 1.85% | 12.39% | 12.13% | 5.74% | 6.76% | 8.06% | 3.10% | 0.00% | 0.00% |
Frequently Asked Questions
FSNVX and FCNKX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSNVX has higher volatility (3.90%) compared to FCNKX (3.82%). In terms of maximum drawdown, FSNVX dropped -30.96% vs FCNKX's -46.44%.
FSNVX currently has the higher Sharpe Ratio (1.61 vs 0.88), 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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