FVTKX vs. FLCNX

Last updated Jun 25, 2026

FVTKX (Fidelity Freedom 2060 Fund Class K6) and FLCNX (Fidelity Contrafund K6) are both mutual funds - FVTKX is a Target Retirement Date fund managed by Fidelity, while FLCNX is a Large Cap Growth Equities fund actively managed by Fidelity. Over the past 5 years, FVTKX returned 10.22%/yr vs 14.12%/yr for FLCNX. Their correlation of 0.87 suggests significant overlap in exposure. FVTKX charges 0.50%/yr vs 0.45%/yr for FLCNX.

Performance

FVTKX vs. FLCNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2060 Fund Class K6 (FVTKX) and Fidelity Contrafund K6 (FLCNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FVTKX achieves a 12.18% return, which is significantly higher than FLCNX's 6.23% return.

FVTKX

• 1D: -2.25%
• 1M: 0.81%
• YTD: 12.18%
• 6M: 11.45%
• 1Y: 26.87%
• 3Y*: 20.21%
• 5Y*: 10.22%
• 10Y*: —

FLCNX

• 1D: -1.47%
• 1M: -0.14%
• YTD: 6.23%
• 6M: 5.09%
• 1Y: 18.41%
• 3Y*: 25.57%
• 5Y*: 14.12%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FVTKX vs. FLCNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FVTKX Fidelity Freedom 2060 Fund Class K6	12.18%	24.13%	14.37%	20.86%	-18.11%	16.79%	18.59%	25.60%	-8.68%	9.82%
FLCNX Fidelity Contrafund K6	6.23%	22.05%	35.37%	37.67%	-27.13%	24.21%	30.85%	30.91%	-2.16%	13.77%

Correlation

The correlation between FVTKX and FLCNX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017	0.87

The correlation between FVTKX and FLCNX has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

Return for Risk

FVTKX vs. FLCNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FVTKX

FVTKX Risk / Return Rank: 62
FVTKX Sharpe Ratio Rank: 59
FVTKX Sortino Ratio Rank: 55
FVTKX Omega Ratio Rank: 59
FVTKX Calmar Ratio Rank: 66
FVTKX Martin Ratio Rank: 73

FLCNX

FLCNX Risk / Return Rank: 27
FLCNX Sharpe Ratio Rank: 26
FLCNX Sortino Ratio Rank: 24
FLCNX Omega Ratio Rank: 25
FLCNX Calmar Ratio Rank: 26
FLCNX Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FVTKX vs. FLCNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2060 Fund Class K6 (FVTKX) and Fidelity Contrafund K6 (FLCNX). 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.

	FVTKX	FLCNX	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.32	+0.73
Sortino ratio: Return per unit of downside risk	2.81	1.85	+0.95
Omega ratio: Gain probability vs. loss probability	1.38	1.24	+0.15
Calmar ratio: Return relative to maximum drawdown	2.93	1.73	+1.21
Martin ratio: Return relative to average drawdown	12.78	7.03	+5.75

FVTKX vs. FLCNX - Sharpe Ratio Comparison

The current FVTKX Sharpe Ratio is 2.06, which is higher than the FLCNX Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of FVTKX and FLCNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FVTKX vs. FLCNX - Drawdown Comparison

The maximum FVTKX drawdown since its inception was -30.94%, roughly equal to the maximum FLCNX drawdown of -32.07%. Use the drawdown chart below to compare losses from any high point for FVTKX and FLCNX.

Drawdown Indicators

	FVTKX	FLCNX	Difference
Max Drawdown Largest peak-to-trough decline	-30.94%	-32.07%	+1.13%
Max Drawdown (1Y) Largest decline over 1 year	-9.81%	-11.73%	+1.92%
Max Drawdown (3Y) Largest decline over 3 years	-15.35%	-20.14%	+4.79%
Max Drawdown (5Y) Largest decline over 5 years	-27.12%	-32.07%	+4.95%
Current Drawdown Current decline from peak	-2.50%	-3.63%	+1.13%
Average Drawdown Average peak-to-trough decline	-5.43%	-6.62%	+1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	2.87%	-0.63%

Volatility

FVTKX vs. FLCNX - Volatility Comparison

Fidelity Freedom 2060 Fund Class K6 (FVTKX) and Fidelity Contrafund K6 (FLCNX) have volatilities of 6.23% and 6.28%, 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.

Volatility by Period

	FVTKX	FLCNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.23%	6.28%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	11.99%	12.05%	-0.06%
Volatility (1Y) Calculated over the trailing 1-year period	14.01%	15.33%	-1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.25%	19.24%	-3.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.97%	20.44%	-4.47%

FVTKX vs. FLCNX - Expense Ratio Comparison

FVTKX has a 0.50% expense ratio, which is higher than FLCNX's 0.45% expense ratio.

Dividends

FVTKX vs. FLCNX - Dividend Comparison

FVTKX's dividend yield for the trailing twelve months is around 5.12%, less than FLCNX's 10.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLCNX Fidelity Contrafund K6	10.81%	8.35%	0.36%	0.49%	1.18%	0.46%	0.21%	0.30%	0.33%	0.15%
FVTKX Fidelity Freedom 2060 Fund Class K6	5.12%	3.87%	2.52%	2.26%	10.84%	10.41%	4.04%	6.19%	6.19%	2.46%

Frequently Asked Questions

Can I hold both FVTKX and FLCNX in my portfolio?

FVTKX and FLCNX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FVTKX or FLCNX?

FLCNX has higher volatility (6.28%) compared to FVTKX (6.23%). In terms of maximum drawdown, FVTKX dropped -30.94% vs FLCNX's -32.07%.

Which has better risk-adjusted returns?

FVTKX currently has the higher Sharpe Ratio (2.06 vs 1.32), 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.