Correlation
The correlation between IPMIX and FCNTX is 0.89, 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.
IPMIX vs. FCNTX
Compare and contrast key facts about Voya Index Plus MidCap Portfolio (IPMIX) and Fidelity Contrafund Fund (FCNTX).
IPMIX is managed by Voya. It was launched on Dec 16, 1997. 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: IPMIX or FCNTX.
Performance
IPMIX vs. FCNTX - Performance Comparison
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Key characteristics
IPMIX:
-0.11
FCNTX:
0.85
IPMIX:
-0.02
FCNTX:
1.20
IPMIX:
1.00
FCNTX:
1.17
IPMIX:
-0.09
FCNTX:
0.86
IPMIX:
-0.36
FCNTX:
2.91
IPMIX:
8.47%
FCNTX:
5.85%
IPMIX:
23.59%
FCNTX:
22.18%
IPMIX:
-62.79%
FCNTX:
-49.03%
IPMIX:
-25.45%
FCNTX:
-3.23%
Returns By Period
In the year-to-date period, IPMIX achieves a -9.59% return, which is significantly lower than FCNTX's 4.71% return. Over the past 10 years, IPMIX has underperformed FCNTX with an annualized return of -0.43%, while FCNTX has yielded a comparatively higher 15.30% annualized return.
IPMIX
-9.59%
-1.59%
-15.77%
-2.59%
3.05%
4.62%
-0.43%
FCNTX
4.71%
6.90%
3.75%
18.39%
21.80%
17.66%
15.30%
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IPMIX vs. FCNTX - Expense Ratio Comparison
IPMIX has a 0.60% expense ratio, which is higher than FCNTX's 0.39% expense ratio.
Risk-Adjusted Performance
IPMIX vs. FCNTX — Risk-Adjusted Performance Rank
IPMIX
FCNTX
IPMIX vs. FCNTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Index Plus MidCap Portfolio (IPMIX) 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.
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Dividends
IPMIX vs. FCNTX - Dividend Comparison
IPMIX's dividend yield for the trailing twelve months is around 8.41%, more than FCNTX's 4.77% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPMIX Voya Index Plus MidCap Portfolio | 8.41% | 4.15% | 4.66% | 29.03% | 1.13% | 1.20% | 10.96% | 16.63% | 7.62% | 10.43% | 17.42% | 4.86% |
FCNTX Fidelity Contrafund Fund | 4.77% | 4.19% | 4.26% | 13.65% | 10.80% | 8.01% | 4.16% | 9.14% | 6.08% | 3.81% | 5.33% | 7.29% |
Drawdowns
IPMIX vs. FCNTX - Drawdown Comparison
The maximum IPMIX drawdown since its inception was -62.79%, which is greater than FCNTX's maximum drawdown of -49.03%. Use the drawdown chart below to compare losses from any high point for IPMIX and FCNTX.
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Volatility
IPMIX vs. FCNTX - Volatility Comparison
Voya Index Plus MidCap Portfolio (IPMIX) has a higher volatility of 9.97% compared to Fidelity Contrafund Fund (FCNTX) at 5.14%. This indicates that IPMIX's price experiences larger fluctuations and is considered to be riskier than FCNTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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