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:
0.41
^GSPC:
0.49
FFFHX:
0.68
^GSPC:
0.81
FFFHX:
1.09
^GSPC:
1.12
FFFHX:
0.44
^GSPC:
0.50
FFFHX:
1.91
^GSPC:
2.07
FFFHX:
3.55%
^GSPC:
4.57%
FFFHX:
16.52%
^GSPC:
19.43%
FFFHX:
-55.81%
^GSPC:
-56.78%
FFFHX:
-7.71%
^GSPC:
-10.73%
Returns By Period
In the year-to-date period, FFFHX achieves a -2.12% return, which is significantly higher than ^GSPC's -6.75% return. Over the past 10 years, FFFHX has underperformed ^GSPC with an annualized return of 3.57%, while ^GSPC has yielded a comparatively higher 10.05% annualized return.
FFFHX
-2.12%
-5.03%
-4.17%
5.61%
7.21%
3.57%
^GSPC
-6.75%
-5.05%
-5.60%
8.15%
14.14%
10.05%
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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 -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 11.37%, while S&P 500 (^GSPC) has a volatility of 14.23%. 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.