FSPCX vs. FCNTX
FSPCX (Fidelity Select Insurance Portfolio) and FCNTX (Fidelity Contrafund) are both mutual funds - FSPCX is a Financials Equities fund managed by Fidelity, while FCNTX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 10 years, FSPCX returned 12.80%/yr vs 17.85%/yr for FCNTX. A 0.65 correlation means they provide meaningful diversification when combined. FSPCX charges 0.78%/yr vs 0.39%/yr for FCNTX.
Performance
FSPCX vs. FCNTX - Performance Comparison
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Returns By Period
In the year-to-date period, FSPCX achieves a 0.88% return, which is significantly lower than FCNTX's 7.14% return. Over the past 10 years, FSPCX has underperformed FCNTX with an annualized return of 12.80%, while FCNTX has yielded a comparatively higher 17.85% annualized return.
FSPCX
- 1D
- 2.01%
- 1M
- 2.39%
- YTD
- 0.88%
- 6M
- -0.12%
- 1Y
- -0.02%
- 3Y*
- 14.88%
- 5Y*
- 12.85%
- 10Y*
- 12.80%
FCNTX
- 1D
- -1.37%
- 1M
- 0.58%
- YTD
- 7.14%
- 6M
- 6.01%
- 1Y
- 19.55%
- 3Y*
- 25.94%
- 5Y*
- 14.13%
- 10Y*
- 17.85%
FSPCX vs. FCNTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSPCX Fidelity Select Insurance Portfolio | 0.88% | 3.45% | 28.44% | 12.98% | 7.75% | 29.26% | 0.00% | 30.06% | -11.99% | 15.50% |
FCNTX Fidelity Contrafund | 7.14% | 21.76% | 36.00% | 38.67% | -28.31% | 24.52% | 32.48% | 30.00% | -3.81% | 32.18% |
Correlation
The correlation between FSPCX and FCNTX is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 1985 | 0.65 |
The correlation between FSPCX and FCNTX shifts across timeframes, from -0.00 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSPCX vs. FCNTX — Risk / Return Rank
FSPCX
FCNTX
FSPCX vs. FCNTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Insurance Portfolio (FSPCX) and Fidelity Contrafund (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.
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.
| FSPCX | FCNTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.25 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 1.88 | -1.90 |
| Martin ratioReturn relative to average drawdown | -0.03 | 7.84 | -7.87 |
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Drawdowns
FSPCX vs. FCNTX - Drawdown Comparison
The maximum FSPCX drawdown since its inception was -69.48%, which is greater than FCNTX's maximum drawdown of -49.19%. Use the drawdown chart below to compare losses from any high point for FSPCX and FCNTX.
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Drawdown Indicators
| FSPCX | FCNTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.48% | -49.19% | -20.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -11.30% | +1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -11.69% | -19.75% | +8.06% |
Max Drawdown (5Y)Largest decline over 5 years | -16.65% | -32.59% | +15.94% |
Max Drawdown (10Y)Largest decline over 10 years | -43.68% | -32.59% | -11.09% |
Current DrawdownCurrent decline from peak | -3.91% | -3.92% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -9.70% | -8.15% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.01% | 2.70% | +2.31% |
Volatility
FSPCX vs. FCNTX - Volatility Comparison
The current volatility for Fidelity Select Insurance Portfolio (FSPCX) is 5.43%, while Fidelity Contrafund (FCNTX) has a volatility of 6.50%. This indicates that FSPCX experiences smaller price fluctuations and is considered to be less risky 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
| FSPCX | FCNTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 6.50% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.14% | 11.91% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.58% | 15.14% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 19.33% | -1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.06% | 19.73% | +0.33% |
FSPCX vs. FCNTX - Expense Ratio Comparison
FSPCX has a 0.78% expense ratio, which is higher than FCNTX's 0.39% expense ratio.
Dividends
FSPCX vs. FCNTX - Dividend Comparison
FSPCX's dividend yield for the trailing twelve months is around 4.67%, more than FCNTX's 4.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNTX Fidelity Contrafund | 4.36% | 5.21% | 4.19% | 3.78% | 11.87% | 10.80% | 8.01% | 4.16% | 7.46% | 6.08% | 3.81% | 5.33% |
FSPCX Fidelity Select Insurance Portfolio | 4.67% | 3.35% | 8.72% | 8.48% | 0.74% | 8.40% | 8.80% | 6.90% | 32.69% | 12.52% | 2.81% | 3.11% |
Frequently Asked Questions
FSPCX and FCNTX have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCNTX has higher volatility (6.50%) compared to FSPCX (5.43%). In terms of maximum drawdown, FSPCX dropped -69.48% vs FCNTX's -49.19%.
FCNTX currently has the higher Sharpe Ratio (1.41 vs -0.01), 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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