FVTKX vs. FCNTX
Compare and contrast key facts about Fidelity Freedom 2060 Fund Class K6 (FVTKX) and Fidelity Contrafund Fund (FCNTX).
FVTKX is managed by Fidelity. It was launched on Aug 5, 2014. 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: FVTKX or FCNTX.
Performance
FVTKX vs. FCNTX - Performance Comparison
Returns By Period
In the year-to-date period, FVTKX achieves a 16.49% return, which is significantly lower than FCNTX's 35.58% return.
FVTKX
16.49%
0.87%
6.40%
23.49%
6.18%
N/A
FCNTX
35.58%
2.20%
11.90%
36.49%
10.45%
8.71%
Key characteristics
| FVTKX | FCNTX | |
|---|---|---|
| Sharpe Ratio | 2.07 | 2.34 |
| Sortino Ratio | 2.89 | 3.18 |
| Omega Ratio | 1.37 | 1.44 |
| Calmar Ratio | 1.23 | 0.39 |
| Martin Ratio | 12.97 | 14.54 |
| Ulcer Index | 1.81% | 2.51% |
| Daily Std Dev | 11.35% | 15.57% |
| Max Drawdown | -34.32% | -99.90% |
| Current Drawdown | -1.43% | -90.59% |
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FVTKX vs. FCNTX - Expense Ratio Comparison
FVTKX has a 0.50% expense ratio, which is higher than FCNTX's 0.39% expense ratio.
Correlation
The correlation between FVTKX and FCNTX is 0.85, 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.
Risk-Adjusted Performance
FVTKX vs. FCNTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2060 Fund Class K6 (FVTKX) 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
FVTKX vs. FCNTX - Dividend Comparison
FVTKX's dividend yield for the trailing twelve months is around 1.31%, more than FCNTX's 0.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVTKX Fidelity Freedom 2060 Fund Class K6 | 1.31% | 1.53% | 2.30% | 2.45% | 1.21% | 1.70% | 1.88% | 1.23% | 0.00% | 0.00% | 0.00% | 0.00% |
FCNTX Fidelity Contrafund Fund | 0.37% | 0.48% | 2.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.10% | 0.30% | 0.31% | 7.55% | 7.89% |
Drawdowns
FVTKX vs. FCNTX - Drawdown Comparison
The maximum FVTKX drawdown since its inception was -34.32%, smaller than the maximum FCNTX drawdown of -99.90%. Use the drawdown chart below to compare losses from any high point for FVTKX and FCNTX. For additional features, visit the drawdowns tool.
Volatility
FVTKX vs. FCNTX - Volatility Comparison
The current volatility for Fidelity Freedom 2060 Fund Class K6 (FVTKX) is 3.08%, while Fidelity Contrafund Fund (FCNTX) has a volatility of 4.78%. This indicates that FVTKX 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.