FATKX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Freedom 2020 Fund Class K6 (FATKX) and S&P 500 Index (^GSPC).

FATKX is managed by Fidelity. It was launched on Oct 17, 1996.

Performance

FATKX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2020 Fund Class K6 (FATKX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

FATKX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FATKX Fidelity Freedom 2020 Fund Class K6	0.20%	15.14%	11.68%	13.16%	-15.93%	9.13%	13.79%	18.14%	-5.20%	6.72%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	9.91%

Returns By Period

In the year-to-date period, FATKX achieves a 0.20% return, which is significantly higher than ^GSPC's -3.95% return.

FATKX

• 1D: 1.53%
• 1M: -3.42%
• YTD: 0.20%
• 6M: 2.08%
• 1Y: 13.00%
• 3Y*: 11.44%
• 5Y*: 5.35%
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

FATKX vs. ^GSPC — Risk / Return Rank

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

FATKX

FATKX Risk / Return Rank: 83
FATKX Sharpe Ratio Rank: 83
FATKX Sortino Ratio Rank: 84
FATKX Omega Ratio Rank: 82
FATKX Calmar Ratio Rank: 82
FATKX Martin Ratio Rank: 84

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

FATKX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2020 Fund Class K6 (FATKX) 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.

	FATKX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.62	0.92	+0.70
Sortino ratio Return per unit of downside risk	2.28	1.41	+0.87
Omega ratio Gain probability vs. loss probability	1.34	1.21	+0.13
Calmar ratio Return relative to maximum drawdown	2.11	1.41	+0.70
Martin ratio Return relative to average drawdown	9.03	6.61	+2.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FATKX vs. ^GSPC - Sharpe Ratio Comparison

The current FATKX Sharpe Ratio is 1.62, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of FATKX 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

	FATKX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	0.92	+0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.61	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.46	+0.30

Correlation

The correlation between FATKX and ^GSPC is 0.86, 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

FATKX vs. ^GSPC - Drawdown Comparison

The maximum FATKX drawdown since its inception was -22.44%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FATKX and ^GSPC.

Drawdown Indicators

	FATKX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-22.44%	-56.78%	+34.34%
Max Drawdown (1Y) Largest decline over 1 year	-6.16%	-12.14%	+5.98%
Max Drawdown (5Y) Largest decline over 5 years	-22.44%	-25.43%	+2.99%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-3.90%	-5.78%	+1.88%
Average Drawdown Average peak-to-trough decline	-4.45%	-10.75%	+6.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.44%	2.60%	-1.16%

Volatility

FATKX vs. ^GSPC - Volatility Comparison

The current volatility for Fidelity Freedom 2020 Fund Class K6 (FATKX) is 3.64%, while S&P 500 Index (^GSPC) has a volatility of 5.37%. This indicates that FATKX 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

	FATKX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.64%	5.37%	-1.73%
Volatility (6M) Calculated over the trailing 6-month period	5.20%	9.55%	-4.35%
Volatility (1Y) Calculated over the trailing 1-year period	8.40%	18.33%	-9.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.95%	16.90%	-7.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.29%	18.05%	-8.76%