FSNVX vs. FCNKX
Compare and contrast key facts about Fidelity Freedom 2040 Fund Class K (FSNVX) and Fidelity Contrafund Fund (FCNKX).
FSNVX is managed by Fidelity. It was launched on Jul 20, 2017. FCNKX is managed by Fidelity.
Performance
FSNVX vs. FCNKX - Performance Comparison
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FSNVX vs. FCNKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSNVX Fidelity Freedom 2040 Fund Class K | -0.30% | 22.12% | 16.08% | 20.08% | -18.17% | 16.62% | 18.44% | 25.49% | -8.87% | 7.42% |
FCNKX Fidelity Contrafund Fund | -5.37% | 21.88% | 36.08% | 39.50% | -27.44% | 24.66% | 32.50% | 30.18% | -2.27% | 8.60% |
Returns By Period
In the year-to-date period, FSNVX achieves a -0.30% return, which is significantly higher than FCNKX's -5.37% return.
FSNVX
- 1D
- 2.69%
- 1M
- -5.26%
- YTD
- -0.30%
- 6M
- 2.82%
- 1Y
- 20.82%
- 3Y*
- 16.63%
- 5Y*
- 8.62%
- 10Y*
- —
FCNKX
- 1D
- 3.50%
- 1M
- -5.88%
- YTD
- -5.37%
- 6M
- -2.55%
- 1Y
- 19.31%
- 3Y*
- 25.20%
- 5Y*
- 13.66%
- 10Y*
- 16.48%
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FSNVX vs. FCNKX - Expense Ratio Comparison
FSNVX has a 0.65% expense ratio, which is lower than FCNKX's 0.74% expense ratio.
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 Fund (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.
| FSNVX | FCNKX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 1.02 | +0.46 |
Sortino ratioReturn per unit of downside risk | 2.09 | 1.57 | +0.53 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.22 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.54 | +0.37 |
Martin ratioReturn relative to average drawdown | 8.52 | 5.88 | +2.64 |
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
| FSNVX | FCNKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.02 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.72 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.06 | +0.61 |
Correlation
The correlation between FSNVX and FCNKX is 0.86, 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
FSNVX vs. FCNKX - Dividend Comparison
FSNVX's dividend yield for the trailing twelve months is around 5.10%, more than FCNKX's 4.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSNVX Fidelity Freedom 2040 Fund Class K | 5.10% | 5.08% | 5.22% | 1.85% | 12.39% | 12.13% | 5.74% | 6.76% | 8.06% | 3.10% | 0.00% | 0.00% |
FCNKX Fidelity Contrafund Fund | 4.91% | 5.18% | 4.28% | 4.31% | 13.69% | 10.77% | 8.00% | 4.15% | 9.14% | 6.09% | 3.92% | 4.47% |
Drawdowns
FSNVX vs. FCNKX - Drawdown Comparison
The maximum FSNVX drawdown since its inception was -30.96%, smaller than the maximum FCNKX drawdown of -90.08%. 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% | -90.08% | +59.12% |
Max Drawdown (1Y)Largest decline over 1 year | -10.33% | -11.29% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -27.21% | -31.77% | +4.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.08% | — |
Current DrawdownCurrent decline from peak | -6.25% | -8.19% | +1.94% |
Average DrawdownAverage peak-to-trough decline | -5.67% | -7.38% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 2.95% | -0.64% |
Volatility
FSNVX vs. FCNKX - Volatility Comparison
The current volatility for Fidelity Freedom 2040 Fund Class K (FSNVX) is 5.96%, while Fidelity Contrafund Fund (FCNKX) has a volatility of 6.58%. This indicates that FSNVX experiences smaller price fluctuations and is considered to be less risky 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
| FSNVX | FCNKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 6.58% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 8.91% | 11.17% | -2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 19.98% | -5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.30% | 19.16% | -4.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.68% | 288.07% | -272.39% |