RJMG vs. FLCNX
Compare and contrast key facts about FT Raymond James Multicap Growth Equity ETF (RJMG) and Fidelity Contrafund K6 (FLCNX).
RJMG is an actively managed fund by First Trust. It was launched on Jan 16, 2024. FLCNX is managed by Fidelity. It was launched on May 25, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RJMG or FLCNX.
Correlation
The correlation between RJMG and FLCNX is 0.86, 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
RJMG vs. FLCNX - Performance Comparison
Key characteristics
RJMG:
0.84
FLCNX:
1.71
RJMG:
1.23
FLCNX:
2.31
RJMG:
1.15
FLCNX:
1.31
RJMG:
1.53
FLCNX:
2.49
RJMG:
4.71
FLCNX:
10.29
RJMG:
2.85%
FLCNX:
2.65%
RJMG:
16.08%
FLCNX:
15.98%
RJMG:
-8.81%
FLCNX:
-32.55%
RJMG:
-5.77%
FLCNX:
-3.49%
Returns By Period
In the year-to-date period, RJMG achieves a 1.28% return, which is significantly lower than FLCNX's 4.18% return.
RJMG
1.28%
-3.61%
5.41%
11.75%
N/A
N/A
FLCNX
4.18%
-1.19%
9.75%
23.86%
16.42%
N/A
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RJMG vs. FLCNX - Expense Ratio Comparison
RJMG has a 0.85% expense ratio, which is higher than FLCNX's 0.45% expense ratio.
Risk-Adjusted Performance
RJMG vs. FLCNX — Risk-Adjusted Performance Rank
RJMG
FLCNX
RJMG vs. FLCNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Raymond James Multicap Growth Equity ETF (RJMG) 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.
Dividends
RJMG vs. FLCNX - Dividend Comparison
RJMG has not paid dividends to shareholders, while FLCNX's dividend yield for the trailing twelve months is around 0.26%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
RJMG FT Raymond James Multicap Growth Equity ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLCNX Fidelity Contrafund K6 | 0.26% | 0.36% | 0.49% | 0.62% | 0.20% | 0.21% | 0.30% | 0.33% | 0.15% |
Drawdowns
RJMG vs. FLCNX - Drawdown Comparison
The maximum RJMG drawdown since its inception was -8.81%, smaller than the maximum FLCNX drawdown of -32.55%. Use the drawdown chart below to compare losses from any high point for RJMG and FLCNX. For additional features, visit the drawdowns tool.
Volatility
RJMG vs. FLCNX - Volatility Comparison
FT Raymond James Multicap Growth Equity ETF (RJMG) has a higher volatility of 5.02% compared to Fidelity Contrafund K6 (FLCNX) at 4.71%. This indicates that RJMG's price experiences larger fluctuations and is considered to be riskier than FLCNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.