WIREX vs. FCNTX
WIREX (Wireless Fund) and FCNTX (Fidelity Contrafund) are both mutual funds - WIREX is a Technology Equities fund managed by Wireless, while FCNTX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 10 years, WIREX returned 19.11%/yr vs 16.85%/yr for FCNTX. Their correlation of 0.83 means they have usually moved in the same direction. WIREX charges 1.95%/yr vs 0.39%/yr for FCNTX.
Performance
WIREX vs. FCNTX - Performance Comparison
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Returns By Period
In the year-to-date period, WIREX achieves a 8.62% return, which is significantly higher than FCNTX's 5.62% return. Over the past 10 years, WIREX has outperformed FCNTX with an annualized return of 19.11%, while FCNTX has yielded a comparatively lower 16.85% annualized return.
WIREX
- 1D
- 4.18%
- 1M
- -6.71%
- 6M
- 7.43%
- YTD
- 8.62%
- 1Y
- 23.90%
- 3Y*
- 26.45%
- 5Y*
- 16.34%
- 10Y*
- 19.11%
- ALL TIME*
- 3.54%
FCNTX
- 1D
- 0.95%
- 1M
- -3.83%
- 6M
- 3.61%
- YTD
- 5.62%
- 1Y
- 13.75%
- 3Y*
- 22.98%
- 5Y*
- 13.11%
- 10Y*
- 16.85%
- ALL TIME*
- 13.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FCNTX Fidelity Contrafund | $0.00 | $0.00 | $0.00 |
WIREX Wireless Fund | $0.00 | $0.00 | $0.00 |
WIREX vs. FCNTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WIREX Wireless Fund | 8.62% | 26.45% | 38.24% | 57.70% | -34.76% | 23.22% | 41.12% | 37.03% | -4.60% | 29.76% |
FCNTX Fidelity Contrafund | 5.62% | 21.76% | 36.00% | 38.67% | -28.31% | 24.52% | 32.48% | 30.00% | -3.81% | 32.18% |
Correlation
The correlation between WIREX and FCNTX is 0.83, 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. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2000 | 0.83 |
The correlation between WIREX and FCNTX has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.
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Return for Risk
WIREX vs. FCNTX — Risk / Return Rank
WIREX
FCNTX
WIREX vs. FCNTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wireless Fund (WIREX) and Fidelity Contrafund (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.
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.
| WIREX | FCNTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.19 | +0.06 |
| Martin ratioReturn relative to average drawdown | 3.72 | 4.65 | -0.93 |
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Drawdowns
WIREX vs. FCNTX - Drawdown Comparison
The maximum WIREX drawdown since its inception was -92.42%, which is greater than FCNTX's maximum drawdown of -49.19%. Use the drawdown chart below to compare losses from any high point for WIREX and FCNTX.
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Drawdown Indicators
| WIREX | FCNTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.42% | -49.19% | -43.23% |
Max Drawdown (1Y)Largest decline over 1 year | -17.19% | -11.30% | -5.89% |
Max Drawdown (3Y)Largest decline over 3 years | -64.74% | -19.75% | -44.99% |
Max Drawdown (5Y)Largest decline over 5 years | -64.74% | -32.59% | -32.15% |
Max Drawdown (10Y)Largest decline over 10 years | -64.74% | -32.59% | -32.15% |
Current DrawdownCurrent decline from peak | -37.31% | -5.29% | -32.02% |
Average DrawdownAverage peak-to-trough decline | -58.23% | -8.14% | -50.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 2.89% | +2.87% |
Volatility
WIREX vs. FCNTX - Volatility Comparison
Wireless Fund (WIREX) has a higher volatility of 9.80% compared to Fidelity Contrafund (FCNTX) at 3.84%. 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.
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Volatility by Period
| WIREX | FCNTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.80% | 3.84% | +5.96% |
Volatility (6M)Calculated over the trailing 6-month period | 21.23% | 12.26% | +8.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.37% | 15.46% | +9.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.94% | 19.37% | +44.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.20% | 19.73% | +28.47% |
WIREX vs. FCNTX - Expense Ratio Comparison
WIREX has a 1.95% expense ratio, which is higher than FCNTX's 0.39% expense ratio.
Dividends
WIREX vs. FCNTX - Dividend Comparison
WIREX's dividend yield for the trailing twelve months is around 3.13%, less than FCNTX's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNTX Fidelity Contrafund | 4.42% | 5.21% | 4.19% | 3.78% | 11.87% | 10.80% | 8.01% | 4.16% | 7.46% | 6.08% | 3.81% | 5.33% |
WIREX Wireless Fund | 3.13% | 3.41% | 1.95% | 0.45% | 6.80% | 16.58% | 11.36% | 21.52% | 5.51% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WIREX and FCNTX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WIREX has higher volatility (9.80%) compared to FCNTX (3.84%). In terms of maximum drawdown, WIREX dropped -92.42% vs FCNTX's -49.19%.
FCNTX currently has the higher Sharpe Ratio (0.87 vs 0.85), 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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