FVLKX vs. FCNKX
Compare and contrast key facts about Fidelity Value Fund Class K (FVLKX) and Fidelity Contrafund Fund (FCNKX).
FVLKX is managed by Fidelity. It was launched on May 9, 2008. FCNKX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FVLKX or FCNKX.
Key characteristics
| FVLKX | FCNKX | |
|---|---|---|
| YTD Return | 16.90% | 37.45% |
| 1Y Return | 34.80% | 42.08% |
| 3Y Return (Ann) | 8.33% | 3.04% |
| 5Y Return (Ann) | 14.50% | 11.11% |
| 10Y Return (Ann) | 10.52% | 9.09% |
| Sharpe Ratio | 2.23 | 2.85 |
| Sortino Ratio | 3.15 | 3.79 |
| Omega Ratio | 1.39 | 1.53 |
| Calmar Ratio | 4.10 | 1.86 |
| Martin Ratio | 12.21 | 17.71 |
| Ulcer Index | 3.00% | 2.51% |
| Daily Std Dev | 16.41% | 15.54% |
| Max Drawdown | -62.82% | -46.44% |
| Current Drawdown | 0.00% | -0.22% |
Correlation
The correlation between FVLKX and FCNKX is 0.78, 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
FVLKX vs. FCNKX - Performance Comparison
In the year-to-date period, FVLKX achieves a 16.90% return, which is significantly lower than FCNKX's 37.45% return. Over the past 10 years, FVLKX has outperformed FCNKX with an annualized return of 10.52%, while FCNKX has yielded a comparatively lower 9.09% annualized return. 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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FVLKX vs. FCNKX - Expense Ratio Comparison
FVLKX has a 0.71% expense ratio, which is lower than FCNKX's 0.74% expense ratio.
Risk-Adjusted Performance
FVLKX vs. FCNKX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Fund Class K (FVLKX) 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.
Dividends
FVLKX vs. FCNKX - Dividend Comparison
FVLKX's dividend yield for the trailing twelve months is around 0.96%, more than FCNKX's 0.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVLKX Fidelity Value Fund Class K | 0.96% | 1.13% | 0.79% | 1.46% | 1.06% | 1.24% | 1.52% | 1.47% | 1.34% | 12.44% | 3.16% | 2.05% |
FCNKX Fidelity Contrafund Fund | 0.46% | 0.54% | 2.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.18% | 0.40% | 0.41% | 7.77% | 8.11% |
Drawdowns
FVLKX vs. FCNKX - Drawdown Comparison
The maximum FVLKX drawdown since its inception was -62.82%, which is greater than FCNKX's maximum drawdown of -46.44%. Use the drawdown chart below to compare losses from any high point for FVLKX and FCNKX. For additional features, visit the drawdowns tool.
Volatility
FVLKX vs. FCNKX - Volatility Comparison
Fidelity Value Fund Class K (FVLKX) and Fidelity Contrafund Fund (FCNKX) have volatilities of 4.78% and 4.56%, 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.