FAFEX vs. ^GSPC

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Freedom 2030 Fund Class A (FAFEX) and S&P 500 Index (^GSPC).

FAFEX is managed by Fidelity. It was launched on Jul 24, 2003.

Performance

FAFEX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2030 Fund Class A (FAFEX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

FAFEX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAFEX Fidelity Advisor Freedom 2030 Fund Class A	-2.46%	16.97%	8.71%	14.28%	-17.03%	10.87%	14.83%	22.52%	-6.72%	18.98%
^GSPC S&P 500 Index	-4.63%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, FAFEX achieves a -2.46% return, which is significantly higher than ^GSPC's -4.63% return. Over the past 10 years, FAFEX has underperformed ^GSPC with an annualized return of 8.16%, while ^GSPC has yielded a comparatively higher 12.16% annualized return.

FAFEX

• 1D: 0.07%
• 1M: -6.74%
• YTD: -2.46%
• 6M: -0.29%
• 1Y: 12.44%
• 3Y*: 10.37%
• 5Y*: 4.84%
• 10Y*: 8.16%

^GSPC

• 1D: 2.91%
• 1M: -5.09%
• YTD: -4.63%
• 6M: -2.39%
• 1Y: 16.33%
• 3Y*: 16.69%
• 5Y*: 10.18%
• 10Y*: 12.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

FAFEX vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FAFEX

FAFEX Risk / Return Rank: 66
FAFEX Sharpe Ratio Rank: 67
FAFEX Sortino Ratio Rank: 66
FAFEX Omega Ratio Rank: 66
FAFEX Calmar Ratio Rank: 65
FAFEX Martin Ratio Rank: 68

^GSPC

^GSPC Risk / Return Rank: 74
^GSPC Sharpe Ratio Rank: 69
^GSPC Sortino Ratio Rank: 68
^GSPC Omega Ratio Rank: 76
^GSPC Calmar Ratio Rank: 73
^GSPC Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FAFEX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2030 Fund Class A (FAFEX) and S&P 500 Index (^GSPC). 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.

	FAFEX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.18	0.90	+0.28
Sortino ratio Return per unit of downside risk	1.67	1.39	+0.29
Omega ratio Gain probability vs. loss probability	1.25	1.21	+0.04
Calmar ratio Return relative to maximum drawdown	1.50	1.40	+0.10
Martin ratio Return relative to average drawdown	6.46	6.61	-0.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FAFEX vs. ^GSPC - Sharpe Ratio Comparison

The current FAFEX Sharpe Ratio is 1.18, which is higher than the ^GSPC Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of FAFEX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FAFEX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	0.90	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.61	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.68	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.46	-0.04

Correlation

The correlation between FAFEX and ^GSPC is 0.92, 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.

Drawdowns

FAFEX vs. ^GSPC - Drawdown Comparison

The maximum FAFEX drawdown since its inception was -53.79%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FAFEX and ^GSPC.

Drawdown Indicators

	FAFEX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-53.79%	-56.78%	+2.99%
Max Drawdown (1Y) Largest decline over 1 year	-7.77%	-12.14%	+4.37%
Max Drawdown (5Y) Largest decline over 5 years	-24.49%	-25.43%	+0.94%
Max Drawdown (10Y) Largest decline over 10 years	-24.98%	-33.92%	+8.94%
Current Drawdown Current decline from peak	-6.91%	-6.45%	-0.46%
Average Drawdown Average peak-to-trough decline	-7.12%	-10.75%	+3.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	2.57%	-0.76%

Volatility

FAFEX vs. ^GSPC - Volatility Comparison

The current volatility for Fidelity Advisor Freedom 2030 Fund Class A (FAFEX) is 4.02%, while S&P 500 Index (^GSPC) has a volatility of 5.34%. This indicates that FAFEX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAFEX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	5.34%	-1.32%
Volatility (6M) Calculated over the trailing 6-month period	6.37%	9.54%	-3.17%
Volatility (1Y) Calculated over the trailing 1-year period	10.61%	18.33%	-7.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.60%	16.91%	-6.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.45%	18.05%	-6.60%