FFFHX vs. ^GSPC
Compare and contrast key facts about Fidelity Freedom 2050 Fund (FFFHX) and S&P 500 (^GSPC).
FFFHX is managed by Fidelity. It was launched on Jun 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFFHX or ^GSPC.
Correlation
The correlation between FFFHX and ^GSPC is 0.93, 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
FFFHX vs. ^GSPC - Performance Comparison
Key characteristics
FFFHX:
1.45
^GSPC:
2.10
FFFHX:
2.02
^GSPC:
2.80
FFFHX:
1.26
^GSPC:
1.39
FFFHX:
0.93
^GSPC:
3.09
FFFHX:
8.78
^GSPC:
13.49
FFFHX:
1.90%
^GSPC:
1.94%
FFFHX:
11.53%
^GSPC:
12.52%
FFFHX:
-55.81%
^GSPC:
-56.78%
FFFHX:
-4.05%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, FFFHX achieves a 14.48% return, which is significantly lower than ^GSPC's 24.34% return. Over the past 10 years, FFFHX has underperformed ^GSPC with an annualized return of 4.62%, while ^GSPC has yielded a comparatively higher 11.06% annualized return.
FFFHX
14.48%
-0.92%
4.01%
15.37%
4.11%
4.62%
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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Risk-Adjusted Performance
FFFHX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2050 Fund (FFFHX) 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
FFFHX vs. ^GSPC - Drawdown Comparison
The maximum FFFHX drawdown since its inception was -55.81%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FFFHX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FFFHX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Freedom 2050 Fund (FFFHX) is 3.35%, while S&P 500 (^GSPC) has a volatility of 3.79%. This indicates that FFFHX 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.