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:
1.42
^GSPC:
2.10
FFFFX:
2.00
^GSPC:
2.80
FFFFX:
1.26
^GSPC:
1.39
FFFFX:
0.83
^GSPC:
3.09
FFFFX:
8.58
^GSPC:
13.49
FFFFX:
1.79%
^GSPC:
1.94%
FFFFX:
10.86%
^GSPC:
12.52%
FFFFX:
-53.24%
^GSPC:
-56.78%
FFFFX:
-5.82%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, FFFFX achieves a 13.25% return, which is significantly lower than ^GSPC's 24.34% return. Over the past 10 years, FFFFX has underperformed ^GSPC with an annualized return of 4.23%, while ^GSPC has yielded a comparatively higher 11.06% annualized return.
FFFFX
13.25%
-0.83%
3.76%
14.19%
3.50%
4.23%
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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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 3.17%, while S&P 500 (^GSPC) has a volatility of 3.79%. 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.