FTQGX vs. FCNTX
Compare and contrast key facts about Fidelity Focused Stock Fund (FTQGX) and Fidelity Contrafund Fund (FCNTX).
FTQGX is managed by Fidelity. It was launched on Nov 12, 1996. FCNTX is managed by Fidelity. It was launched on May 17, 1967.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTQGX or FCNTX.
Key characteristics
| FTQGX | FCNTX | |
|---|---|---|
| YTD Return | 29.28% | 28.18% |
| 1Y Return | 37.12% | 38.43% |
| 3Y Return (Ann) | 8.55% | 10.37% |
| 5Y Return (Ann) | 17.59% | 18.27% |
| 10Y Return (Ann) | 14.83% | 14.97% |
| Sharpe Ratio | 1.88 | 2.50 |
| Daily Std Dev | 19.87% | 15.58% |
| Max Drawdown | -61.00% | -99.93% |
| Current Drawdown | -4.49% | -98.78% |
Correlation
The correlation between FTQGX and FCNTX is 0.91, 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.
Performance
FTQGX vs. FCNTX - Performance Comparison
The year-to-date returns for both stocks are quite close, with FTQGX having a 29.28% return and FCNTX slightly lower at 28.18%. Both investments have delivered pretty close results over the past 10 years, with FTQGX having a 14.83% annualized return and FCNTX not far ahead at 14.97%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FTQGX vs. FCNTX - Expense Ratio Comparison
FTQGX has a 0.86% expense ratio, which is higher than FCNTX's 0.39% expense ratio.
Risk-Adjusted Performance
FTQGX vs. FCNTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Focused Stock Fund (FTQGX) 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.
Dividends
FTQGX vs. FCNTX - Dividend Comparison
FTQGX's dividend yield for the trailing twelve months is around 0.47%, less than FCNTX's 2.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTQGX Fidelity Focused Stock Fund | 0.47% | 0.61% | 7.96% | 13.53% | 11.41% | 5.07% | 14.71% | 6.34% | 1.08% | 6.16% | 10.44% | 5.74% |
FCNTX Fidelity Contrafund Fund | 2.48% | 4.26% | 13.65% | 10.80% | 8.01% | 4.16% | 9.14% | 6.17% | 3.81% | 5.33% | 7.54% | 7.90% |
Drawdowns
FTQGX vs. FCNTX - Drawdown Comparison
The maximum FTQGX drawdown since its inception was -61.00%, smaller than the maximum FCNTX drawdown of -99.93%. Use the drawdown chart below to compare losses from any high point for FTQGX and FCNTX. For additional features, visit the drawdowns tool.
Volatility
FTQGX vs. FCNTX - Volatility Comparison
Fidelity Focused Stock Fund (FTQGX) has a higher volatility of 5.91% compared to Fidelity Contrafund Fund (FCNTX) at 4.85%. This indicates that FTQGX'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.