WIREX vs. FCNTX
Compare and contrast key facts about Wireless Fund (WIREX) and Fidelity Contrafund Fund (FCNTX).
WIREX is managed by Wireless. It was launched on Apr 3, 2000. 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: WIREX or FCNTX.
Correlation
The correlation between WIREX and FCNTX is 0.82, 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
WIREX vs. FCNTX - Performance Comparison
Key characteristics
WIREX:
1.10
FCNTX:
1.48
WIREX:
1.55
FCNTX:
2.01
WIREX:
1.20
FCNTX:
1.27
WIREX:
0.97
FCNTX:
2.18
WIREX:
5.01
FCNTX:
7.59
WIREX:
5.24%
FCNTX:
3.13%
WIREX:
23.98%
FCNTX:
16.08%
WIREX:
-92.02%
FCNTX:
-48.74%
WIREX:
-5.82%
FCNTX:
-1.00%
Returns By Period
In the year-to-date period, WIREX achieves a 2.45% return, which is significantly lower than FCNTX's 6.70% return. Over the past 10 years, WIREX has underperformed FCNTX with an annualized return of 9.47%, while FCNTX has yielded a comparatively higher 13.84% annualized return.
WIREX
2.45%
-0.36%
3.97%
28.87%
10.35%
9.47%
FCNTX
6.70%
3.74%
8.63%
25.51%
15.94%
13.84%
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WIREX vs. FCNTX - Expense Ratio Comparison
WIREX has a 1.95% expense ratio, which is higher than FCNTX's 0.39% expense ratio.
Risk-Adjusted Performance
WIREX vs. FCNTX — Risk-Adjusted Performance Rank
WIREX
FCNTX
WIREX vs. FCNTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wireless Fund (WIREX) 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.
Dividends
WIREX vs. FCNTX - Dividend Comparison
WIREX has not paid dividends to shareholders, while FCNTX's dividend yield for the trailing twelve months is around 0.06%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
WIREX Wireless Fund | 0.00% | 0.00% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.96% |
FCNTX Fidelity Contrafund Fund | 0.06% | 0.08% | 0.48% | 13.65% | 10.80% | 8.01% | 4.16% | 9.14% | 5.54% | 0.30% | 0.31% | 7.55% |
Drawdowns
WIREX vs. FCNTX - Drawdown Comparison
The maximum WIREX drawdown since its inception was -92.02%, which is greater than FCNTX's maximum drawdown of -48.74%. Use the drawdown chart below to compare losses from any high point for WIREX and FCNTX. For additional features, visit the drawdowns tool.
Volatility
WIREX vs. FCNTX - Volatility Comparison
Wireless Fund (WIREX) has a higher volatility of 7.85% compared to Fidelity Contrafund Fund (FCNTX) at 4.25%. This indicates that WIREX'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.