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:
0.60
^GSPC:
0.44
FFIZX:
0.97
^GSPC:
0.79
FFIZX:
1.14
^GSPC:
1.12
FFIZX:
0.66
^GSPC:
0.48
FFIZX:
2.93
^GSPC:
1.85
FFIZX:
3.05%
^GSPC:
4.92%
FFIZX:
14.37%
^GSPC:
19.37%
FFIZX:
-38.82%
^GSPC:
-56.78%
FFIZX:
-3.17%
^GSPC:
-7.88%
Returns By Period
In the year-to-date period, FFIZX achieves a 1.67% return, which is significantly higher than ^GSPC's -3.77% return.
FFIZX
1.67%
4.95%
-0.89%
8.53%
11.06%
N/A
^GSPC
-3.77%
3.72%
-5.60%
8.55%
14.11%
10.45%
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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 4.64%, while S&P 500 (^GSPC) has a volatility of 6.82%. 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.