FFFFX vs. ^GSPC
Compare and contrast key facts about Fidelity Freedom 2040 Fund (FFFFX) and S&P 500 (^GSPC).
FFFFX is managed by Fidelity. It was launched on Sep 6, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFFFX or ^GSPC.
Correlation
The correlation between FFFFX and ^GSPC is 0.94, 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
FFFFX vs. ^GSPC - Performance Comparison
Key characteristics
FFFFX:
1.23
^GSPC:
1.62
FFFFX:
1.75
^GSPC:
2.20
FFFFX:
1.22
^GSPC:
1.30
FFFFX:
0.92
^GSPC:
2.46
FFFFX:
6.36
^GSPC:
10.01
FFFFX:
2.15%
^GSPC:
2.08%
FFFFX:
11.11%
^GSPC:
12.88%
FFFFX:
-53.23%
^GSPC:
-56.78%
FFFFX:
-3.30%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, FFFFX achieves a 3.98% return, which is significantly higher than ^GSPC's 2.24% return. Over the past 10 years, FFFFX has underperformed ^GSPC with an annualized return of 3.98%, while ^GSPC has yielded a comparatively higher 11.05% annualized return.
FFFFX
3.98%
0.08%
2.41%
11.69%
4.74%
3.98%
^GSPC
2.24%
-1.73%
6.72%
18.16%
13.31%
11.05%
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Risk-Adjusted Performance
FFFFX vs. ^GSPC — Risk-Adjusted Performance Rank
FFFFX
^GSPC
FFFFX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2040 Fund (FFFFX) 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
FFFFX vs. ^GSPC - Drawdown Comparison
The maximum FFFFX drawdown since its inception was -53.23%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FFFFX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FFFFX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Freedom 2040 Fund (FFFFX) is 3.06%, while S&P 500 (^GSPC) has a volatility of 3.43%. This indicates that FFFFX 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.