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:
-0.25
^GSPC:
-0.10
FFFFX:
-0.24
^GSPC:
-0.03
FFFFX:
0.97
^GSPC:
1.00
FFFFX:
-0.23
^GSPC:
-0.09
FFFFX:
-1.23
^GSPC:
-0.47
FFFFX:
2.72%
^GSPC:
3.54%
FFFFX:
13.23%
^GSPC:
15.90%
FFFFX:
-53.23%
^GSPC:
-56.78%
FFFFX:
-14.56%
^GSPC:
-17.61%
Returns By Period
In the year-to-date period, FFFFX achieves a -8.12% return, which is significantly higher than ^GSPC's -13.93% return. Over the past 10 years, FFFFX has underperformed ^GSPC with an annualized return of 2.57%, while ^GSPC has yielded a comparatively higher 9.21% annualized return.
FFFFX
-8.12%
-10.14%
-10.56%
-3.95%
5.70%
2.57%
^GSPC
-13.93%
-12.27%
-11.13%
-2.73%
13.04%
9.21%
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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 7.17%, while S&P 500 (^GSPC) has a volatility of 9.24%. 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.