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:
0.48
^GSPC:
0.58
FFFHX:
0.74
^GSPC:
0.86
FFFHX:
1.09
^GSPC:
1.11
FFFHX:
0.45
^GSPC:
0.80
FFFHX:
2.38
^GSPC:
2.64
FFFHX:
2.57%
^GSPC:
3.08%
FFFHX:
12.59%
^GSPC:
13.97%
FFFHX:
-55.81%
^GSPC:
-56.78%
FFFHX:
-4.75%
^GSPC:
-7.70%
Returns By Period
In the year-to-date period, FFFHX achieves a 1.02% return, which is significantly higher than ^GSPC's -3.58% return. Over the past 10 years, FFFHX has underperformed ^GSPC with an annualized return of 4.15%, while ^GSPC has yielded a comparatively higher 10.64% annualized return.
FFFHX
1.02%
-1.28%
-1.65%
6.59%
10.10%
4.15%
^GSPC
-3.58%
-3.06%
-0.68%
8.94%
17.98%
10.64%
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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 5.06%, while S&P 500 (^GSPC) has a volatility of 5.74%. 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.