FYBTX vs. FCNTX
Compare and contrast key facts about Fidelity Series Short-Term Credit Fund (FYBTX) and Fidelity Contrafund Fund (FCNTX).
FYBTX is managed by Fidelity. It was launched on Mar 27, 2015. FCNTX is managed by Fidelity. It was launched on May 17, 1967.
Performance
FYBTX vs. FCNTX - Performance Comparison
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FYBTX vs. FCNTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FYBTX Fidelity Series Short-Term Credit Fund | 0.00% | 5.72% | 5.13% | 6.08% | -3.50% | -0.54% | 3.99% | 5.07% | 1.66% | 1.50% |
FCNTX Fidelity Contrafund Fund | -5.35% | 21.76% | 36.00% | 38.67% | -28.31% | 24.52% | 32.48% | 30.00% | -3.81% | 32.18% |
Returns By Period
Over the past 10 years, FYBTX has underperformed FCNTX with an annualized return of 2.52%, while FCNTX has yielded a comparatively higher 16.03% annualized return.
FYBTX
- 1D
- 0.10%
- 1M
- -0.70%
- YTD
- 0.00%
- 6M
- 1.06%
- 1Y
- 3.89%
- 3Y*
- 5.06%
- 5Y*
- 2.62%
- 10Y*
- 2.52%
FCNTX
- 1D
- 3.52%
- 1M
- -5.86%
- YTD
- -5.35%
- 6M
- -2.60%
- 1Y
- 19.23%
- 3Y*
- 24.91%
- 5Y*
- 13.21%
- 10Y*
- 16.03%
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FYBTX vs. FCNTX - Expense Ratio Comparison
FYBTX has a 0.00% expense ratio, which is lower than FCNTX's 0.39% expense ratio.
Return for Risk
FYBTX vs. FCNTX — Risk / Return Rank
FYBTX
FCNTX
FYBTX vs. FCNTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Short-Term Credit Fund (FYBTX) 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.
| FYBTX | FCNTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.98 | 1.01 | +0.97 |
Sortino ratioReturn per unit of downside risk | 3.55 | 1.56 | +1.99 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.22 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 3.68 | 1.79 | +1.89 |
Martin ratioReturn relative to average drawdown | 13.27 | 6.87 | +6.40 |
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
| FYBTX | FCNTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 1.01 | +0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.22 | 0.69 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.33 | 0.82 | +0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 0.76 | +0.59 |
Correlation
The correlation between FYBTX and FCNTX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FYBTX vs. FCNTX - Dividend Comparison
FYBTX's dividend yield for the trailing twelve months is around 4.34%, less than FCNTX's 4.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYBTX Fidelity Series Short-Term Credit Fund | 4.34% | 4.66% | 3.67% | 2.76% | 1.26% | 1.65% | 2.31% | 2.72% | 2.45% | 1.59% | 1.24% | 0.00% |
FCNTX Fidelity Contrafund Fund | 4.93% | 5.21% | 4.19% | 3.78% | 11.87% | 10.80% | 8.01% | 4.16% | 7.46% | 6.08% | 3.81% | 5.33% |
Drawdowns
FYBTX vs. FCNTX - Drawdown Comparison
The maximum FYBTX drawdown since its inception was -6.00%, smaller than the maximum FCNTX drawdown of -49.19%. Use the drawdown chart below to compare losses from any high point for FYBTX and FCNTX.
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Drawdown Indicators
| FYBTX | FCNTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.00% | -49.19% | +43.19% |
Max Drawdown (1Y)Largest decline over 1 year | -1.19% | -11.30% | +10.11% |
Max Drawdown (5Y)Largest decline over 5 years | -6.00% | -32.59% | +26.59% |
Max Drawdown (10Y)Largest decline over 10 years | -6.00% | -32.59% | +26.59% |
Current DrawdownCurrent decline from peak | -0.89% | -8.18% | +7.29% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -8.18% | +7.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 2.95% | -2.62% |
Volatility
FYBTX vs. FCNTX - Volatility Comparison
The current volatility for Fidelity Series Short-Term Credit Fund (FYBTX) is 0.53%, while Fidelity Contrafund Fund (FCNTX) has a volatility of 6.51%. This indicates that FYBTX 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
| FYBTX | FCNTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 6.51% | -5.98% |
Volatility (6M)Calculated over the trailing 6-month period | 1.31% | 11.12% | -9.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.05% | 19.95% | -17.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.16% | 19.19% | -17.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.90% | 19.64% | -17.74% |