Correlation
The correlation between FCTKX and ^GSPC is 0.93, 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.
FCTKX vs. ^GSPC
Compare and contrast key facts about Fidelity Freedom 2055 Fund Class K6 (FCTKX) and S&P 500 (^GSPC).
FCTKX is managed by Fidelity. It was launched on Jun 1, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCTKX or ^GSPC.
Performance
FCTKX vs. ^GSPC - Performance Comparison
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Key characteristics
FCTKX:
0.75
^GSPC:
0.66
FCTKX:
1.03
^GSPC:
0.94
FCTKX:
1.14
^GSPC:
1.14
FCTKX:
0.71
^GSPC:
0.60
FCTKX:
3.05
^GSPC:
2.28
FCTKX:
3.59%
^GSPC:
5.01%
FCTKX:
16.65%
^GSPC:
19.77%
FCTKX:
-30.94%
^GSPC:
-56.78%
FCTKX:
-0.36%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, FCTKX achieves a 6.55% return, which is significantly higher than ^GSPC's 0.51% return.
FCTKX
6.55%
5.68%
3.20%
12.39%
11.39%
12.83%
N/A
^GSPC
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
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Risk-Adjusted Performance
FCTKX vs. ^GSPC — Risk-Adjusted Performance Rank
FCTKX
^GSPC
FCTKX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2055 Fund Class K6 (FCTKX) 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.
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Drawdowns
FCTKX vs. ^GSPC - Drawdown Comparison
The maximum FCTKX drawdown since its inception was -30.94%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FCTKX and ^GSPC.
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Volatility
FCTKX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Freedom 2055 Fund Class K6 (FCTKX) is 3.41%, while S&P 500 (^GSPC) has a volatility of 4.77%. This indicates that FCTKX 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.
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