FXAIX vs. FCNTX
Compare and contrast key facts about Fidelity 500 Index Fund (FXAIX) and Fidelity Contrafund Fund (FCNTX).
FXAIX is managed by Fidelity. FCNTX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXAIX or FCNTX.
Key characteristics
| FXAIX | FCNTX | |
|---|---|---|
| YTD Return | 7.98% | 15.43% |
| 1Y Return | 28.23% | 39.18% |
| 3Y Return (Ann) | 8.87% | 9.37% |
| 5Y Return (Ann) | 13.61% | 15.14% |
| 10Y Return (Ann) | 12.78% | 14.58% |
| Sharpe Ratio | 2.33 | 2.74 |
| Daily Std Dev | 11.70% | 13.90% |
| Max Drawdown | -33.79% | -93.41% |
| Current Drawdown | -2.32% | -3.18% |
Correlation
The correlation between FXAIX and FCNTX is 0.93, 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
FXAIX vs. FCNTX - Performance Comparison
In the year-to-date period, FXAIX achieves a 7.98% return, which is significantly lower than FCNTX's 15.43% return. Over the past 10 years, FXAIX has underperformed FCNTX with an annualized return of 12.78%, while FCNTX has yielded a comparatively higher 14.58% 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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FXAIX vs. FCNTX - Expense Ratio Comparison
FXAIX has a 0.02% expense ratio, which is lower than FCNTX's 0.81% expense ratio.
Risk-Adjusted Performance
FXAIX vs. FCNTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity 500 Index Fund (FXAIX) 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
FXAIX vs. FCNTX - Dividend Comparison
FXAIX's dividend yield for the trailing twelve months is around 1.36%, less than FCNTX's 2.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 1.36% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
FCNTX Fidelity Contrafund Fund | 2.76% | 4.26% | 13.65% | 10.80% | 8.01% | 4.16% | 9.14% | 6.17% | 3.81% | 5.33% | 7.55% | 7.89% |
Drawdowns
FXAIX vs. FCNTX - Drawdown Comparison
The maximum FXAIX drawdown since its inception was -33.79%, smaller than the maximum FCNTX drawdown of -93.41%. Use the drawdown chart below to compare losses from any high point for FXAIX and FCNTX. For additional features, visit the drawdowns tool.
Volatility
FXAIX vs. FCNTX - Volatility Comparison
The current volatility for Fidelity 500 Index Fund (FXAIX) is 4.10%, while Fidelity Contrafund Fund (FCNTX) has a volatility of 5.16%. This indicates that FXAIX 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.