PRWAX vs. FLCNX
PRWAX (T. Rowe Price All-Cap Opportunities Fund) and FLCNX (Fidelity Contrafund K6) are both Large Cap Growth Equities funds. Both are actively managed. Over the past 5 years, PRWAX returned 9.37%/yr vs 14.49%/yr for FLCNX. Their correlation of 0.95 suggests significant overlap in exposure. PRWAX charges 0.76%/yr vs 0.45%/yr for FLCNX.
Performance
PRWAX vs. FLCNX - Performance Comparison
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Returns By Period
In the year-to-date period, PRWAX achieves a -1.73% return, which is significantly lower than FLCNX's 6.08% return.
PRWAX
- 1D
- 2.24%
- 1M
- -1.86%
- YTD
- -1.73%
- 6M
- -1.68%
- 1Y
- 11.53%
- 3Y*
- 17.24%
- 5Y*
- 9.37%
- 10Y*
- 17.31%
FLCNX
- 1D
- 1.84%
- 1M
- -1.64%
- YTD
- 6.08%
- 6M
- 7.52%
- 1Y
- 21.31%
- 3Y*
- 25.88%
- 5Y*
- 14.49%
- 10Y*
- —
PRWAX vs. FLCNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRWAX T. Rowe Price All-Cap Opportunities Fund | -1.73% | 16.37% | 25.24% | 29.02% | -21.37% | 20.63% | 44.73% | 35.08% | 1.26% | 13.41% |
FLCNX Fidelity Contrafund K6 | 6.08% | 22.05% | 35.37% | 37.67% | -27.13% | 24.21% | 30.85% | 30.91% | -2.16% | 13.77% |
Correlation
The correlation between PRWAX and FLCNX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since May 25, 2017 | 0.95 |
The correlation between PRWAX and FLCNX has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
PRWAX vs. FLCNX — Risk / Return Rank
PRWAX
FLCNX
PRWAX vs. FLCNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price All-Cap Opportunities Fund (PRWAX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRWAX | FLCNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.25 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 1.74 | -1.01 |
| Martin ratioReturn relative to average drawdown | 2.54 | 7.12 | -4.58 |
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Drawdowns
PRWAX vs. FLCNX - Drawdown Comparison
The maximum PRWAX drawdown since its inception was -55.06%, which is greater than FLCNX's maximum drawdown of -32.07%. Use the drawdown chart below to compare losses from any high point for PRWAX and FLCNX.
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Drawdown Indicators
| PRWAX | FLCNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.06% | -32.07% | -22.99% |
Max Drawdown (1Y)Largest decline over 1 year | -14.09% | -11.73% | -2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -20.14% | +1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -29.38% | -32.07% | +2.69% |
Max Drawdown (10Y)Largest decline over 10 years | -30.50% | — | — |
Current DrawdownCurrent decline from peak | -3.66% | -2.51% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -9.89% | -6.64% | -3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 2.86% | +1.19% |
Volatility
PRWAX vs. FLCNX - Volatility Comparison
T. Rowe Price All-Cap Opportunities Fund (PRWAX) and Fidelity Contrafund K6 (FLCNX) have volatilities of 5.15% and 5.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRWAX | FLCNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 5.19% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 11.37% | 11.43% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.90% | 14.85% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.70% | 19.15% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 20.42% | -1.66% |
PRWAX vs. FLCNX - Expense Ratio Comparison
PRWAX has a 0.76% expense ratio, which is higher than FLCNX's 0.45% expense ratio.
Dividends
PRWAX vs. FLCNX - Dividend Comparison
PRWAX's dividend yield for the trailing twelve months is around 8.50%, less than FLCNX's 10.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCNX Fidelity Contrafund K6 | 10.82% | 8.35% | 0.36% | 0.49% | 1.18% | 0.46% | 0.21% | 0.30% | 0.33% | 0.15% | 0.00% | 0.00% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 8.50% | 8.35% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% |
Frequently Asked Questions
PRWAX and FLCNX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLCNX has higher volatility (5.19%) compared to PRWAX (5.15%). In terms of maximum drawdown, PRWAX dropped -55.06% vs FLCNX's -32.07%.
FLCNX currently has the higher Sharpe Ratio (1.37 vs 0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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