FFSZX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Freedom 2065 Fund Class K6 (FFSZX) and S&P 500 Index (^GSPC).

FFSZX is managed by Fidelity. It was launched on Jun 28, 2019.

Performance

FFSZX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2065 Fund Class K6 (FFSZX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

FFSZX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FFSZX Fidelity Freedom 2065 Fund Class K6	-0.44%	24.08%	14.41%	20.78%	-18.05%	16.81%	18.36%	9.18%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	9.82%

Returns By Period

In the year-to-date period, FFSZX achieves a -0.44% return, which is significantly higher than ^GSPC's -3.95% return.

FFSZX

• 1D: 3.15%
• 1M: -5.76%
• YTD: -0.44%
• 6M: 3.13%
• 1Y: 22.79%
• 3Y*: 16.80%
• 5Y*: 8.80%
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

FFSZX vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FFSZX

FFSZX Risk / Return Rank: 78
FFSZX Sharpe Ratio Rank: 76
FFSZX Sortino Ratio Rank: 77
FFSZX Omega Ratio Rank: 76
FFSZX Calmar Ratio Rank: 79
FFSZX Martin Ratio Rank: 84

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FFSZX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2065 Fund Class K6 (FFSZX) and S&P 500 Index (^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.

	FFSZX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.45	0.92	+0.54
Sortino ratio Return per unit of downside risk	2.06	1.41	+0.65
Omega ratio Gain probability vs. loss probability	1.31	1.21	+0.09
Calmar ratio Return relative to maximum drawdown	2.08	1.41	+0.66
Martin ratio Return relative to average drawdown	9.19	6.61	+2.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFSZX vs. ^GSPC - Sharpe Ratio Comparison

The current FFSZX Sharpe Ratio is 1.45, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of FFSZX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FFSZX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	0.92	+0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.61	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.46	+0.23

Correlation

The correlation between FFSZX and ^GSPC is 0.92, 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.

Drawdowns

FFSZX vs. ^GSPC - Drawdown Comparison

The maximum FFSZX drawdown since its inception was -31.00%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FFSZX and ^GSPC.

Drawdown Indicators

	FFSZX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-31.00%	-56.78%	+25.78%
Max Drawdown (1Y) Largest decline over 1 year	-11.19%	-12.14%	+0.95%
Max Drawdown (5Y) Largest decline over 5 years	-27.17%	-25.43%	-1.74%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-6.93%	-5.78%	-1.15%
Average Drawdown Average peak-to-trough decline	-5.93%	-10.75%	+4.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	2.60%	-0.07%

Volatility

FFSZX vs. ^GSPC - Volatility Comparison

Fidelity Freedom 2065 Fund Class K6 (FFSZX) has a higher volatility of 6.72% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that FFSZX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFSZX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.72%	5.37%	+1.35%
Volatility (6M) Calculated over the trailing 6-month period	10.02%	9.55%	+0.47%
Volatility (1Y) Calculated over the trailing 1-year period	16.22%	18.33%	-2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.90%	16.90%	-2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.10%	18.05%	-0.95%