SHAPX vs. FLCNX
SHAPX (ClearBridge Appreciation Fund) and FLCNX (Fidelity Contrafund K6) are both mutual funds - SHAPX is a Large Cap Blend Equities fund managed by Franklin Templeton, while FLCNX is a Large Cap Growth Equities fund actively managed by Fidelity. Over the past 5 years, SHAPX returned 10.69%/yr vs 13.49%/yr for FLCNX. Their correlation of 0.90 means they have usually moved in the same direction. SHAPX charges 0.93%/yr vs 0.45%/yr for FLCNX.
Performance
SHAPX vs. FLCNX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SHAPX having a 6.73% return and FLCNX slightly lower at 6.67%.
SHAPX
- 1D
- 0.82%
- 1M
- 1.26%
- 6M
- 4.30%
- YTD
- 6.73%
- 1Y
- 13.56%
- 3Y*
- 15.80%
- 5Y*
- 10.69%
- 10Y*
- 13.03%
- ALL TIME*
- 12.98%
FLCNX
- 1D
- 1.28%
- 1M
- -1.95%
- 6M
- 4.58%
- YTD
- 6.67%
- 1Y
- 14.53%
- 3Y*
- 23.48%
- 5Y*
- 13.49%
- 10Y*
- —
- ALL TIME*
- 16.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SHAPX vs. FLCNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHAPX ClearBridge Appreciation Fund | 6.73% | 14.32% | 22.37% | 19.50% | -12.56% | 23.52% | 14.53% | 29.84% | -2.19% | 10.26% |
FLCNX Fidelity Contrafund K6 | 6.67% | 22.05% | 35.37% | 37.67% | -27.13% | 24.21% | 30.85% | 30.91% | -2.16% | 13.77% |
Correlation
The correlation between SHAPX and FLCNX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (All Time) Calculated using the full available price history since May 25, 2017 | 0.90 |
The correlation between SHAPX and FLCNX has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
SHAPX vs. FLCNX — Risk / Return Rank
SHAPX
FLCNX
SHAPX vs. FLCNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Appreciation Fund (SHAPX) 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.
| SHAPX | FLCNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.15 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.05 | +0.32 |
| Martin ratioReturn relative to average drawdown | 5.90 | 4.10 | +1.80 |
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Drawdowns
SHAPX vs. FLCNX - Drawdown Comparison
The maximum SHAPX drawdown since its inception was -46.19%, which is greater than FLCNX's maximum drawdown of -32.07%. Use the drawdown chart below to compare losses from any high point for SHAPX and FLCNX.
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Drawdown Indicators
| SHAPX | FLCNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.19% | -32.07% | -14.12% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -11.73% | +2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -16.15% | -20.14% | +3.99% |
Max Drawdown (5Y)Largest decline over 5 years | -20.53% | -32.07% | +11.54% |
Max Drawdown (10Y)Largest decline over 10 years | -32.21% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | -3.23% | +2.91% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -6.57% | +1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 3.00% | -0.97% |
Volatility
SHAPX vs. FLCNX - Volatility Comparison
The current volatility for ClearBridge Appreciation Fund (SHAPX) is 2.82%, while Fidelity Contrafund K6 (FLCNX) has a volatility of 4.05%. This indicates that SHAPX experiences smaller price fluctuations and is considered to be less risky than FLCNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHAPX | FLCNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 4.05% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 8.64% | 12.28% | -3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.13% | 15.63% | -4.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.92% | 19.27% | -4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.73% | 20.38% | -3.65% |
SHAPX vs. FLCNX - Expense Ratio Comparison
SHAPX has a 0.93% expense ratio, which is higher than FLCNX's 0.45% expense ratio.
Dividends
SHAPX vs. FLCNX - Dividend Comparison
SHAPX's dividend yield for the trailing twelve months is around 13.19%, more than FLCNX's 10.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCNX Fidelity Contrafund K6 | 10.76% | 8.35% | 0.36% | 0.49% | 1.18% | 0.46% | 0.21% | 0.30% | 0.33% | 0.15% | 0.00% | 0.00% |
SHAPX ClearBridge Appreciation Fund | 13.19% | 14.08% | 9.00% | 4.17% | 8.85% | 6.54% | 4.13% | 7.09% | 6.71% | 5.10% | 3.29% | 4.76% |
Frequently Asked Questions
SHAPX and FLCNX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLCNX has higher volatility (4.05%) compared to SHAPX (2.82%). In terms of maximum drawdown, SHAPX dropped -46.19% vs FLCNX's -32.07%.
SHAPX currently has the higher Sharpe Ratio (1.08 vs 0.79), 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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