GRISX vs. FCNTX
Compare and contrast key facts about Nationwide S&P 500 Index Fund (GRISX) and Fidelity Contrafund Fund (FCNTX).
GRISX is managed by Nationwide. It was launched on Nov 2, 1998. FCNTX is managed by Fidelity. It was launched on May 17, 1967.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GRISX or FCNTX.
Correlation
The correlation between GRISX and FCNTX is 0.92, 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
GRISX vs. FCNTX - Performance Comparison
Key characteristics
GRISX:
0.40
FCNTX:
0.40
GRISX:
0.73
FCNTX:
0.73
GRISX:
1.11
FCNTX:
1.10
GRISX:
0.43
FCNTX:
0.46
GRISX:
1.59
FCNTX:
1.51
GRISX:
5.21%
FCNTX:
6.15%
GRISX:
19.43%
FCNTX:
22.10%
GRISX:
-56.20%
FCNTX:
-48.74%
GRISX:
-8.31%
FCNTX:
-8.94%
Returns By Period
In the year-to-date period, GRISX achieves a -3.50% return, which is significantly lower than FCNTX's -1.85% return. Over the past 10 years, GRISX has underperformed FCNTX with an annualized return of 7.08%, while FCNTX has yielded a comparatively higher 12.87% annualized return.
GRISX
-3.50%
3.79%
-6.77%
7.71%
13.92%
7.08%
FCNTX
-1.85%
3.77%
-6.76%
8.69%
15.23%
12.87%
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GRISX vs. FCNTX - Expense Ratio Comparison
GRISX has a 0.44% expense ratio, which is higher than FCNTX's 0.39% expense ratio.
Risk-Adjusted Performance
GRISX vs. FCNTX — Risk-Adjusted Performance Rank
GRISX
FCNTX
GRISX vs. FCNTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide S&P 500 Index Fund (GRISX) 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
GRISX vs. FCNTX - Dividend Comparison
GRISX's dividend yield for the trailing twelve months is around 0.94%, more than FCNTX's 0.06% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRISX Nationwide S&P 500 Index Fund | 0.94% | 0.92% | 1.11% | 1.24% | 0.83% | 1.27% | 1.89% | 2.21% | 1.50% | 1.71% | 2.16% | 1.57% |
FCNTX Fidelity Contrafund Fund | 0.06% | 0.08% | 0.48% | 13.65% | 10.80% | 8.01% | 4.16% | 9.14% | 5.54% | 0.30% | 0.31% | 7.55% |
Drawdowns
GRISX vs. FCNTX - Drawdown Comparison
The maximum GRISX drawdown since its inception was -56.20%, which is greater than FCNTX's maximum drawdown of -48.74%. Use the drawdown chart below to compare losses from any high point for GRISX and FCNTX. For additional features, visit the drawdowns tool.
Volatility
GRISX vs. FCNTX - Volatility Comparison
The current volatility for Nationwide S&P 500 Index Fund (GRISX) is 6.81%, while Fidelity Contrafund Fund (FCNTX) has a volatility of 7.49%. This indicates that GRISX 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.