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.
Performance
FFFHX vs. ^GSPC - Performance Comparison
Returns By Period
In the year-to-date period, FFFHX achieves a 16.53% return, which is significantly lower than ^GSPC's 25.15% return. Over the past 10 years, FFFHX has underperformed ^GSPC with an annualized return of 4.73%, while ^GSPC has yielded a comparatively higher 11.21% annualized return.
FFFHX
16.53%
0.85%
6.27%
23.46%
5.26%
4.73%
^GSPC
25.15%
2.97%
12.53%
31.00%
13.95%
11.21%
Key characteristics
| FFFHX | ^GSPC | |
|---|---|---|
| Sharpe Ratio | 2.07 | 2.53 |
| Sortino Ratio | 2.88 | 3.39 |
| Omega Ratio | 1.37 | 1.47 |
| Calmar Ratio | 1.13 | 3.65 |
| Martin Ratio | 12.84 | 16.21 |
| Ulcer Index | 1.83% | 1.91% |
| Daily Std Dev | 11.35% | 12.23% |
| Max Drawdown | -55.81% | -56.78% |
| Current Drawdown | -2.32% | -0.53% |
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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.
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 3.13%, while S&P 500 (^GSPC) has a volatility of 3.97%. 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.