FGTKX vs. ^GSPC
Compare and contrast key facts about Fidelity Freedom 2030 Fund Class K6 (FGTKX) and S&P 500 (^GSPC).
FGTKX is managed by Fidelity. It was launched on Oct 17, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGTKX or ^GSPC.
Correlation
The correlation between FGTKX and ^GSPC is 0.89, 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
FGTKX vs. ^GSPC - Performance Comparison
Key characteristics
FGTKX:
1.31
^GSPC:
1.62
FGTKX:
1.88
^GSPC:
2.20
FGTKX:
1.23
^GSPC:
1.30
FGTKX:
0.78
^GSPC:
2.46
FGTKX:
6.24
^GSPC:
10.01
FGTKX:
1.79%
^GSPC:
2.08%
FGTKX:
8.51%
^GSPC:
12.88%
FGTKX:
-31.29%
^GSPC:
-56.78%
FGTKX:
-4.68%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, FGTKX achieves a 3.44% return, which is significantly higher than ^GSPC's 2.24% return.
FGTKX
3.44%
0.89%
1.44%
10.01%
2.36%
N/A
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
FGTKX vs. ^GSPC — Risk-Adjusted Performance Rank
FGTKX
^GSPC
FGTKX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2030 Fund Class K6 (FGTKX) 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
FGTKX vs. ^GSPC - Drawdown Comparison
The maximum FGTKX drawdown since its inception was -31.29%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FGTKX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FGTKX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Freedom 2030 Fund Class K6 (FGTKX) is 2.22%, while S&P 500 (^GSPC) has a volatility of 3.43%. This indicates that FGTKX 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.