FFFHX vs. ^GSPC

Last updated Jun 5, 2026

FFFHX (Fidelity Freedom 2050 Fund) is Target Retirement Date fund managed by Fidelity, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, FFFHX returned 12.36%/yr vs 13.65%/yr for ^GSPC. Their correlation of 0.95 suggests significant overlap in exposure.

Performance

FFFHX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2050 Fund (FFFHX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFFHX achieves a 13.04% return, which is significantly higher than ^GSPC's 10.79% return. Over the past 10 years, FFFHX has underperformed ^GSPC with an annualized return of 12.36%, while ^GSPC has yielded a comparatively higher 13.65% annualized return.

FFFHX

• 1D: -0.51%
• 1M: 3.46%
• YTD: 13.04%
• 6M: 14.62%
• 1Y: 29.82%
• 3Y*: 20.41%
• 5Y*: 10.09%
• 10Y*: 12.36%

^GSPC

• 1D: 0.41%
• 1M: 4.48%
• YTD: 10.79%
• 6M: 10.60%
• 1Y: 27.02%
• 3Y*: 21.07%
• 5Y*: 12.39%
• 10Y*: 13.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FFFHX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFFHX Fidelity Freedom 2050 Fund	13.04%	23.72%	14.11%	20.45%	-18.29%	16.59%	18.25%	25.33%	-8.90%	22.29%
^GSPC S&P 500 Index	10.79%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Correlation

The correlation between FFFHX and ^GSPC is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jun 5, 2006	0.95

The correlation between FFFHX and ^GSPC has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

FFFHX vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FFFHX

FFFHX Risk / Return Rank: 67
FFFHX Sharpe Ratio Rank: 66
FFFHX Sortino Ratio Rank: 62
FFFHX Omega Ratio Rank: 64
FFFHX Calmar Ratio Rank: 66
FFFHX Martin Ratio Rank: 74

^GSPC

^GSPC Risk / Return Rank: 80
^GSPC Sharpe Ratio Rank: 79
^GSPC Sortino Ratio Rank: 79
^GSPC Omega Ratio Rank: 79
^GSPC Calmar Ratio Rank: 76
^GSPC Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FFFHX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2050 Fund (FFFHX) and S&P 500 Index (^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.

	FFFHX	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	2.40	2.28	+0.11
Sortino ratio: Return per unit of downside risk	3.31	3.12	+0.19
Omega ratio: Gain probability vs. loss probability	1.44	1.41	+0.03
Calmar ratio: Return relative to maximum drawdown	3.14	2.98	+0.16
Martin ratio: Return relative to average drawdown	13.97	13.78	+0.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFFHX vs. ^GSPC - Sharpe Ratio Comparison

The current FFFHX Sharpe Ratio is 2.40, which is comparable to the ^GSPC Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of FFFHX and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FFFHX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	2.28	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.74	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.76	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.47	0.00

Drawdowns

FFFHX vs. ^GSPC - Drawdown Comparison

The maximum FFFHX drawdown since its inception was -56.38%, 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.

Drawdown Indicators

	FFFHX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-56.38%	-56.78%	+0.40%
Max Drawdown (1Y) Largest decline over 1 year	-9.70%	-9.10%	-0.60%
Max Drawdown (3Y) Largest decline over 3 years	-15.36%	-18.90%	+3.54%
Max Drawdown (5Y) Largest decline over 5 years	-27.39%	-25.43%	-1.96%
Max Drawdown (10Y) Largest decline over 10 years	-30.91%	-33.92%	+3.01%
Current Drawdown Current decline from peak	-0.51%	-0.33%	-0.18%
Average Drawdown Average peak-to-trough decline	-8.83%	-10.72%	+1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	1.97%	+0.21%

Volatility

FFFHX vs. ^GSPC - Volatility Comparison

Fidelity Freedom 2050 Fund (FFFHX) has a higher volatility of 4.27% compared to S&P 500 Index (^GSPC) at 2.88%. This indicates that FFFHX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFFHX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	2.88%	+1.39%
Volatility (6M) Calculated over the trailing 6-month period	10.46%	9.00%	+1.46%
Volatility (1Y) Calculated over the trailing 1-year period	12.72%	11.89%	+0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.00%	16.90%	-1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.37%	18.06%	-2.69%

Frequently Asked Questions

Can I hold both FFFHX and ^GSPC in my portfolio?

With a correlation of 0.93, FFFHX and ^GSPC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FFFHX or ^GSPC?

FFFHX has higher volatility (4.27%) compared to ^GSPC (2.88%). In terms of maximum drawdown, FFFHX dropped -56.38% vs ^GSPC's -56.78%.

Which has better risk-adjusted returns?

FFFHX currently has the higher Sharpe Ratio (2.40 vs 2.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.