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.
Key characteristics
| FFFFX | ^GSPC | |
|---|---|---|
| YTD Return | 13.04% | 18.10% |
| 1Y Return | 21.43% | 26.58% |
| 3Y Return (Ann) | 4.22% | 8.02% |
| 5Y Return (Ann) | 10.64% | 13.42% |
| 10Y Return (Ann) | 8.94% | 10.87% |
| Sharpe Ratio | 1.92 | 1.96 |
| Daily Std Dev | 11.24% | 12.71% |
| Max Drawdown | -53.24% | -56.78% |
| Current Drawdown | -0.84% | -0.60% |
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
In the year-to-date period, FFFFX achieves a 13.04% return, which is significantly lower than ^GSPC's 18.10% return. Over the past 10 years, FFFFX has underperformed ^GSPC with an annualized return of 8.94%, while ^GSPC has yielded a comparatively higher 10.87% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
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 -53.24%, 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 3.58%, while S&P 500 (^GSPC) has a volatility of 4.09%. 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.