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 | 15.35% | 25.45% |
| 1Y Return | 26.38% | 35.64% |
| 3Y Return (Ann) | -1.33% | 8.55% |
| 5Y Return (Ann) | 4.78% | 14.13% |
| 10Y Return (Ann) | 4.46% | 11.39% |
| Sharpe Ratio | 2.43 | 2.90 |
| Sortino Ratio | 3.43 | 3.87 |
| Omega Ratio | 1.45 | 1.54 |
| Calmar Ratio | 1.09 | 4.19 |
| Martin Ratio | 15.71 | 18.72 |
| Ulcer Index | 1.68% | 1.90% |
| Daily Std Dev | 10.87% | 12.27% |
| Max Drawdown | -53.24% | -56.78% |
| Current Drawdown | -4.07% | -0.29% |
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 15.35% return, which is significantly lower than ^GSPC's 25.45% return. Over the past 10 years, FFFFX has underperformed ^GSPC with an annualized return of 4.46%, while ^GSPC has yielded a comparatively higher 11.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 3.01%, while S&P 500 (^GSPC) has a volatility of 3.86%. 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.