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 0.90, 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:
0.77
^GSPC:
0.46
FGTKX:
1.16
^GSPC:
0.78
FGTKX:
1.16
^GSPC:
1.11
FGTKX:
0.87
^GSPC:
0.48
FGTKX:
3.74
^GSPC:
1.94
FGTKX:
2.32%
^GSPC:
4.66%
FGTKX:
11.29%
^GSPC:
19.45%
FGTKX:
-24.66%
^GSPC:
-56.78%
FGTKX:
-2.85%
^GSPC:
-10.02%
Returns By Period
In the year-to-date period, FGTKX achieves a 1.43% return, which is significantly higher than ^GSPC's -6.00% return.
FGTKX
1.43%
0.17%
-0.13%
8.37%
8.67%
N/A
^GSPC
-6.00%
-0.94%
-5.06%
8.41%
13.52%
10.15%
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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 -24.66%, 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 7.60%, while S&P 500 (^GSPC) has a volatility of 14.23%. 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.