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.
Performance
FFFFX vs. ^GSPC - Performance Comparison
Returns By Period
In the year-to-date period, FFFFX achieves a 13.92% return, which is significantly lower than ^GSPC's 23.56% return. Over the past 10 years, FFFFX has underperformed ^GSPC with an annualized return of 4.26%, while ^GSPC has yielded a comparatively higher 11.10% annualized return.
FFFFX
13.92%
-1.97%
4.73%
21.31%
4.41%
4.26%
^GSPC
23.56%
0.49%
11.03%
30.56%
13.70%
11.10%
Key characteristics
| FFFFX | ^GSPC | |
|---|---|---|
| Sharpe Ratio | 2.06 | 2.51 |
| Sortino Ratio | 2.89 | 3.36 |
| Omega Ratio | 1.37 | 1.47 |
| Calmar Ratio | 1.01 | 3.62 |
| Martin Ratio | 12.94 | 16.12 |
| Ulcer Index | 1.70% | 1.91% |
| Daily Std Dev | 10.73% | 12.27% |
| Max Drawdown | -53.24% | -56.78% |
| Current Drawdown | -5.26% | -1.80% |
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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.
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 2.97%, while S&P 500 (^GSPC) has a volatility of 4.06%. 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.