Cryptocurrency Q&A
What Fidelity funds beat the S&P 500?
What Fidelity funds beat the S&P 500?
SamsungShineBrightnessRadianceGlitter
Fri Sep 20 2024
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6 answers
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Hello there, I'm curious to know, which Fidelity funds have managed to outperform the S&P 500 index in recent years? I understand that Fidelity offers a diverse range of investment options, but I'm particularly interested in those that have consistently beaten the market benchmark. Can you provide me with some examples of these funds, and maybe some insights into their investment strategies or key factors that have contributed to their success?
6 answers
GyeongjuGloryDays
Sun Sep 22 2024
To illustrate the magnitude of this outperformance, consider an investment of $10,000 made in the Contrafund versus the S&P 500 Index over a significant period from September 17, 1990, to March 31, 2024.
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SsamziegangSerenadeMelodyHarmonySoul
Sun Sep 22 2024
Over this nearly three and a half-decade span, the Contrafund has significantly grown the initial investment, demonstrating its potential for capital appreciation.
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isabella_cole_psychologist
Sun Sep 22 2024
By March 31, 2024, the total value of the $10,000 investment in the Contrafund amounted to an impressive $751,828. This figure underscores the fund's ability to generate substantial returns for investors over time.
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Valentino
Sun Sep 22 2024
The Fidelity Contrafund has consistently outperformed the S&P 500 Index, achieving an average annual excess return of 2.78%. This superior performance has been a notable aspect of the fund's long-term track record.
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CryptoQueen
Sun Sep 22 2024
In contrast, the same $10,000 investment in the S&P 500 Index over the same period would have yielded a total value of $327,447. This comparison highlights the significant performance gap between the Contrafund and the broader market index.
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