FATKX vs. ^GSPC
Compare and contrast key facts about Fidelity Freedom 2020 Fund Class K6 (FATKX) and S&P 500 (^GSPC).
FATKX is managed by Fidelity. It was launched on Oct 17, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FATKX or ^GSPC.
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.
Performance
FATKX vs. ^GSPC - Performance Comparison
Key characteristics
FATKX:
1.12
^GSPC:
1.62
FATKX:
1.62
^GSPC:
2.20
FATKX:
1.20
^GSPC:
1.30
FATKX:
0.50
^GSPC:
2.46
FATKX:
4.79
^GSPC:
10.01
FATKX:
1.69%
^GSPC:
2.08%
FATKX:
7.22%
^GSPC:
12.88%
FATKX:
-30.13%
^GSPC:
-56.78%
FATKX:
-9.12%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, FATKX achieves a 3.01% return, which is significantly higher than ^GSPC's 2.24% return.
FATKX
3.01%
1.10%
0.49%
7.34%
0.41%
N/A
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
FATKX vs. ^GSPC — Risk-Adjusted Performance Rank
FATKX
^GSPC
FATKX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2020 Fund Class K6 (FATKX) and S&P 500 (^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.
Drawdowns
FATKX vs. ^GSPC - Drawdown Comparison
The maximum FATKX drawdown since its inception was -30.13%, 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. For additional features, visit the drawdowns tool.
Volatility
FATKX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Freedom 2020 Fund Class K6 (FATKX) is 1.79%, while S&P 500 (^GSPC) has a volatility of 3.43%. 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.