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:
1.41
^GSPC:
1.82
FFFHX:
1.97
^GSPC:
2.44
FFFHX:
1.25
^GSPC:
1.33
FFFHX:
1.04
^GSPC:
2.77
FFFHX:
7.63
^GSPC:
11.35
FFFHX:
2.19%
^GSPC:
2.07%
FFFHX:
11.85%
^GSPC:
12.98%
FFFHX:
-54.88%
^GSPC:
-56.78%
FFFHX:
-2.21%
^GSPC:
-1.74%
Returns By Period
In the year-to-date period, FFFHX achieves a 2.92% return, which is significantly higher than ^GSPC's 2.22% return. Over the past 10 years, FFFHX has underperformed ^GSPC with an annualized return of 4.87%, while ^GSPC has yielded a comparatively higher 11.70% annualized return.
FFFHX
2.92%
1.48%
5.46%
16.02%
4.69%
4.87%
^GSPC
2.22%
0.69%
10.04%
22.93%
12.98%
11.70%
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Risk-Adjusted Performance
FFFHX vs. ^GSPC — Risk-Adjusted Performance Rank
FFFHX
^GSPC
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 -54.88%, 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 3.81%, while S&P 500 (^GSPC) has a volatility of 4.27%. 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.