FXAIX vs. FLCNX
Compare and contrast key facts about Fidelity 500 Index Fund (FXAIX) and Fidelity Contrafund K6 (FLCNX).
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. FLCNX is managed by Fidelity. It was launched on May 25, 2017.
Performance
FXAIX vs. FLCNX - Performance Comparison
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FXAIX vs. FLCNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | -4.34% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 12.01% |
FLCNX Fidelity Contrafund K6 | -5.71% | 22.05% | 35.37% | 37.67% | -27.13% | 24.21% | 30.85% | 30.91% | -2.16% | 13.77% |
Returns By Period
In the year-to-date period, FXAIX achieves a -4.34% return, which is significantly higher than FLCNX's -5.71% return.
FXAIX
- 1D
- 2.92%
- 1M
- -5.02%
- YTD
- -4.34%
- 6M
- -2.14%
- 1Y
- 17.32%
- 3Y*
- 18.30%
- 5Y*
- 11.79%
- 10Y*
- 14.08%
FLCNX
- 1D
- 3.59%
- 1M
- -5.95%
- YTD
- -5.71%
- 6M
- -3.49%
- 1Y
- 19.69%
- 3Y*
- 24.54%
- 5Y*
- 13.33%
- 10Y*
- —
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FXAIX vs. FLCNX - Expense Ratio Comparison
FXAIX has a 0.02% expense ratio, which is lower than FLCNX's 0.45% expense ratio.
Return for Risk
FXAIX vs. FLCNX — Risk / Return Rank
FXAIX
FLCNX
FXAIX vs. FLCNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity 500 Index Fund (FXAIX) 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.
| FXAIX | FLCNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.02 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.57 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.51 | 0.00 |
Martin ratioReturn relative to average drawdown | 7.30 | 5.76 | +1.53 |
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 | FLCNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.02 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.70 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.78 | -0.02 |
Correlation
The correlation between FXAIX and FLCNX 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. FLCNX - Dividend Comparison
FXAIX's dividend yield for the trailing twelve months is around 1.16%, less than FLCNX's 12.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 1.16% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
FLCNX Fidelity Contrafund K6 | 12.18% | 8.35% | 0.36% | 0.49% | 1.18% | 0.46% | 0.21% | 0.30% | 0.33% | 0.15% | 0.00% | 0.00% |
Drawdowns
FXAIX vs. FLCNX - Drawdown Comparison
The maximum FXAIX drawdown since its inception was -33.79%, which is greater than FLCNX's maximum drawdown of -32.07%. Use the drawdown chart below to compare losses from any high point for FXAIX and FLCNX.
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Drawdown Indicators
| FXAIX | FLCNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.79% | -32.07% | -1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -11.73% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -32.07% | +7.57% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | — | — |
Current DrawdownCurrent decline from peak | -6.23% | -8.56% | +2.33% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -6.76% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 3.08% | -0.55% |
Volatility
FXAIX vs. FLCNX - Volatility Comparison
The current volatility for Fidelity 500 Index Fund (FXAIX) is 5.34%, while Fidelity Contrafund K6 (FLCNX) has a volatility of 6.69%. This indicates that FXAIX experiences smaller price fluctuations and is considered to be less risky than FLCNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXAIX | FLCNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 6.69% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 11.39% | -1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.32% | 20.46% | -2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 19.10% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 20.52% | -2.47% |