FXAIX vs. FCNTX
Compare and contrast key facts about Fidelity 500 Index Fund (FXAIX) and Fidelity Contrafund Fund (FCNTX).
FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988. FCNTX is managed by Fidelity. It was launched on May 17, 1967.
Performance
FXAIX vs. FCNTX - Performance Comparison
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FXAIX vs. FCNTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | -7.05% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
FCNTX Fidelity Contrafund Fund | -8.57% | 21.76% | 36.00% | 38.67% | -28.31% | 24.52% | 32.48% | 30.00% | -3.81% | 32.18% |
Returns By Period
In the year-to-date period, FXAIX achieves a -7.05% return, which is significantly higher than FCNTX's -8.57% return. Over the past 10 years, FXAIX has underperformed FCNTX with an annualized return of 13.75%, while FCNTX has yielded a comparatively higher 15.63% annualized return.
FXAIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.05%
- 6M
- -4.59%
- 1Y
- 14.42%
- 3Y*
- 17.17%
- 5Y*
- 11.40%
- 10Y*
- 13.75%
FCNTX
- 1D
- -0.22%
- 1M
- -9.40%
- YTD
- -8.57%
- 6M
- -6.17%
- 1Y
- 16.04%
- 3Y*
- 23.48%
- 5Y*
- 12.82%
- 10Y*
- 15.63%
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FXAIX vs. FCNTX - Expense Ratio Comparison
FXAIX has a 0.02% expense ratio, which is lower than FCNTX's 0.39% expense ratio.
Return for Risk
FXAIX vs. FCNTX — Risk / Return Rank
FXAIX
FCNTX
FXAIX vs. FCNTX - Risk-Adjusted Trends 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.
| FXAIX | FCNTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.83 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.30 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.17 | -0.12 |
Martin ratioReturn relative to average drawdown | 5.13 | 4.57 | +0.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FXAIX | FCNTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.83 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.67 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.80 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.76 | -0.01 |
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.
Dividends
FXAIX vs. FCNTX - Dividend Comparison
FXAIX's dividend yield for the trailing twelve months is around 1.20%, less than FCNTX's 5.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 1.20% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
FCNTX Fidelity Contrafund Fund | 5.10% | 5.21% | 4.19% | 3.78% | 11.87% | 10.80% | 8.01% | 4.16% | 7.46% | 6.08% | 3.81% | 5.33% |
Drawdowns
FXAIX vs. FCNTX - Drawdown Comparison
The maximum FXAIX drawdown since its inception was -33.79%, smaller than the maximum FCNTX drawdown of -49.19%. Use the drawdown chart below to compare losses from any high point for FXAIX and FCNTX.
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Drawdown Indicators
| FXAIX | FCNTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.79% | -49.19% | +15.40% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -11.30% | -0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -32.59% | +8.09% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -32.59% | -1.20% |
Current DrawdownCurrent decline from peak | -8.89% | -11.30% | +2.41% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -8.18% | +4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.90% | -0.40% |
Volatility
FXAIX vs. FCNTX - Volatility Comparison
The current volatility for Fidelity 500 Index Fund (FXAIX) is 4.24%, while Fidelity Contrafund Fund (FCNTX) has a volatility of 5.19%. 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.
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Volatility by Period
| FXAIX | FCNTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 5.19% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 9.08% | 10.56% | -1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.13% | 19.69% | -1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.88% | 19.13% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 19.61% | -1.58% |