STSEX vs. FLCNX
STSEX (BlackRock Exchange Portfolio) and FLCNX (Fidelity Contrafund K6) are both mutual funds - STSEX is a Large Cap Blend Equities fund managed by BlackRock, while FLCNX is a Large Cap Growth Equities fund actively managed by Fidelity. Over the past 5 years, STSEX returned 12.38%/yr vs 13.20%/yr for FLCNX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. STSEX charges 0.81%/yr vs 0.45%/yr for FLCNX.
Performance
STSEX vs. FLCNX - Performance Comparison
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Returns By Period
In the year-to-date period, STSEX achieves a 4.70% return, which is significantly lower than FLCNX's 5.32% return.
STSEX
- 1D
- 3.18%
- 1M
- 3.74%
- 6M
- 6.79%
- YTD
- 4.70%
- 1Y
- 10.77%
- 3Y*
- 15.17%
- 5Y*
- 12.38%
- 10Y*
- 13.70%
- ALL TIME*
- 10.24%
FLCNX
- 1D
- 0.99%
- 1M
- -3.19%
- 6M
- 3.34%
- YTD
- 5.32%
- 1Y
- 13.08%
- 3Y*
- 22.92%
- 5Y*
- 13.20%
- 10Y*
- —
- ALL TIME*
- 16.72%
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 |
STSEX vs. FLCNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STSEX BlackRock Exchange Portfolio | 4.70% | 19.42% | 16.06% | 20.71% | -5.51% | 31.09% | 9.30% | 28.62% | -2.95% | 9.96% |
FLCNX Fidelity Contrafund K6 | 5.32% | 22.05% | 35.37% | 37.67% | -27.13% | 24.21% | 30.85% | 30.91% | -2.16% | 13.77% |
Correlation
The correlation between STSEX and FLCNX is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (All Time) Calculated using the full available price history since May 25, 2017 | 0.78 |
Over the past year, the correlation between STSEX and FLCNX has dropped to 0.47 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
STSEX vs. FLCNX — Risk / Return Rank
STSEX
FLCNX
STSEX vs. FLCNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Exchange Portfolio (STSEX) 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.
| STSEX | FLCNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.15 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.09 | +0.10 |
| Martin ratioReturn relative to average drawdown | 3.46 | 4.23 | -0.77 |
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Drawdowns
STSEX vs. FLCNX - Drawdown Comparison
The maximum STSEX drawdown since its inception was -49.89%, which is greater than FLCNX's maximum drawdown of -32.07%. Use the drawdown chart below to compare losses from any high point for STSEX and FLCNX.
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Drawdown Indicators
| STSEX | FLCNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.89% | -32.07% | -17.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.61% | -11.73% | +3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -11.40% | -20.14% | +8.74% |
Max Drawdown (5Y)Largest decline over 5 years | -19.57% | -32.07% | +12.50% |
Max Drawdown (10Y)Largest decline over 10 years | -31.28% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.46% | +4.46% |
Average DrawdownAverage peak-to-trough decline | -7.25% | -6.57% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 3.00% | -0.06% |
Volatility
STSEX vs. FLCNX - Volatility Comparison
BlackRock Exchange Portfolio (STSEX) has a higher volatility of 4.74% compared to Fidelity Contrafund K6 (FLCNX) at 3.78%. This indicates that STSEX'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.
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Volatility by Period
| STSEX | FLCNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 3.78% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 9.14% | 12.25% | -3.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.24% | 15.58% | -4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.48% | 19.27% | -4.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.72% | 20.38% | -3.66% |
STSEX vs. FLCNX - Expense Ratio Comparison
STSEX has a 0.81% expense ratio, which is higher than FLCNX's 0.45% expense ratio.
Dividends
STSEX vs. FLCNX - Dividend Comparison
STSEX's dividend yield for the trailing twelve months is around 0.86%, less than FLCNX's 10.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCNX Fidelity Contrafund K6 | 10.90% | 8.35% | 0.36% | 0.49% | 1.18% | 0.46% | 0.21% | 0.30% | 0.33% | 0.15% | 0.00% | 0.00% |
STSEX BlackRock Exchange Portfolio | 0.86% | 0.90% | 0.93% | 1.07% | 1.22% | 1.01% | 1.33% | 1.40% | 1.73% | 1.67% | 1.95% | 1.94% |
Frequently Asked Questions
STSEX and FLCNX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STSEX has higher volatility (4.74%) compared to FLCNX (3.78%). In terms of maximum drawdown, STSEX dropped -49.89% vs FLCNX's -32.07%.
STSEX currently has the higher Sharpe Ratio (0.91 vs 0.82), 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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