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.
Key characteristics
| FFIZX | ^GSPC | |
|---|---|---|
| YTD Return | 16.21% | 25.70% |
| 1Y Return | 28.31% | 37.91% |
| 3Y Return (Ann) | 4.11% | 8.59% |
| 5Y Return (Ann) | 9.80% | 14.18% |
| Sharpe Ratio | 2.70 | 2.97 |
| Sortino Ratio | 3.78 | 3.97 |
| Omega Ratio | 1.50 | 1.56 |
| Calmar Ratio | 2.25 | 3.93 |
| Martin Ratio | 17.79 | 19.39 |
| Ulcer Index | 1.55% | 1.90% |
| Daily Std Dev | 10.20% | 12.38% |
| Max Drawdown | -30.69% | -56.78% |
| Current Drawdown | -0.16% | 0.00% |
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
In the year-to-date period, FFIZX achieves a 16.21% return, which is significantly lower than ^GSPC's 25.70% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 -30.69%, 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 2.76%, while S&P 500 (^GSPC) has a volatility of 3.92%. 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.