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:
1.31
^GSPC:
1.90
FFFFX:
1.86
^GSPC:
2.54
FFFFX:
1.24
^GSPC:
1.35
FFFFX:
0.78
^GSPC:
2.87
FFFFX:
7.22
^GSPC:
11.84
FFFFX:
2.00%
^GSPC:
2.06%
FFFFX:
11.01%
^GSPC:
12.86%
FFFFX:
-53.24%
^GSPC:
-56.78%
FFFFX:
-5.35%
^GSPC:
-2.30%
Returns By Period
In the year-to-date period, FFFFX achieves a 0.95% return, which is significantly lower than ^GSPC's 1.16% return. Over the past 10 years, FFFFX has underperformed ^GSPC with an annualized return of 4.31%, while ^GSPC has yielded a comparatively higher 11.44% annualized return.
FFFFX
0.95%
-1.98%
1.86%
15.57%
3.33%
4.31%
^GSPC
1.16%
-2.04%
6.47%
24.84%
12.36%
11.44%
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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 -53.24%, 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 3.82%, while S&P 500 (^GSPC) has a volatility of 4.97%. 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.