FFIZX vs. ^GSPC
Compare and contrast key facts about Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) and S&P 500 (^GSPC).
FFIZX is managed by Fidelity. It was launched on Oct 2, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFIZX or ^GSPC.
Correlation
The correlation between FFIZX and ^GSPC is 0.95, 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
FFIZX vs. ^GSPC - Performance Comparison
Key characteristics
FFIZX:
1.20
^GSPC:
1.18
FFIZX:
1.67
^GSPC:
1.63
FFIZX:
1.21
^GSPC:
1.22
FFIZX:
1.96
^GSPC:
1.81
FFIZX:
6.58
^GSPC:
7.13
FFIZX:
1.88%
^GSPC:
2.16%
FFIZX:
10.31%
^GSPC:
13.06%
FFIZX:
-38.82%
^GSPC:
-56.78%
FFIZX:
-2.63%
^GSPC:
-4.79%
Returns By Period
In the year-to-date period, FFIZX achieves a 2.23% return, which is significantly higher than ^GSPC's -0.54% return.
FFIZX
2.23%
-0.63%
2.24%
10.93%
9.37%
N/A
^GSPC
-0.54%
-3.16%
3.56%
13.87%
13.38%
10.98%
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Risk-Adjusted Performance
FFIZX vs. ^GSPC — Risk-Adjusted Performance Rank
FFIZX
^GSPC
FFIZX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) 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
FFIZX vs. ^GSPC - Drawdown Comparison
The maximum FFIZX drawdown since its inception was -38.82%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FFIZX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FFIZX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) is 2.94%, while S&P 500 (^GSPC) has a volatility of 4.02%. This indicates that FFIZX 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.