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:
1.36
^GSPC:
1.74
FGTKX:
1.96
^GSPC:
2.35
FGTKX:
1.24
^GSPC:
1.32
FGTKX:
0.80
^GSPC:
2.61
FGTKX:
6.47
^GSPC:
10.66
FGTKX:
1.78%
^GSPC:
2.08%
FGTKX:
8.49%
^GSPC:
12.77%
FGTKX:
-31.29%
^GSPC:
-56.78%
FGTKX:
-3.99%
^GSPC:
0.00%
Returns By Period
In the year-to-date period, FGTKX achieves a 4.18% return, which is significantly lower than ^GSPC's 4.46% return.
FGTKX
4.18%
2.77%
2.62%
11.94%
2.51%
N/A
^GSPC
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
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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 2.26%, while S&P 500 (^GSPC) has a volatility of 3.07%. 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.