FHAPX vs. ^GSPC
Compare and contrast key facts about Fidelity Freedom Blend 2050 Fund (FHAPX) and S&P 500 (^GSPC).
FHAPX is managed by Fidelity. It was launched on Aug 31, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHAPX or ^GSPC.
Correlation
The correlation between FHAPX and ^GSPC is 0.93, 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
FHAPX vs. ^GSPC - Performance Comparison
Key characteristics
FHAPX:
1.37
^GSPC:
1.62
FHAPX:
1.91
^GSPC:
2.20
FHAPX:
1.25
^GSPC:
1.30
FHAPX:
1.72
^GSPC:
2.46
FHAPX:
7.15
^GSPC:
10.01
FHAPX:
2.22%
^GSPC:
2.08%
FHAPX:
11.62%
^GSPC:
12.88%
FHAPX:
-32.66%
^GSPC:
-56.78%
FHAPX:
-0.45%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, FHAPX achieves a 5.45% return, which is significantly higher than ^GSPC's 2.24% return.
FHAPX
5.45%
2.02%
5.61%
16.16%
6.48%
N/A
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
FHAPX vs. ^GSPC — Risk-Adjusted Performance Rank
FHAPX
^GSPC
FHAPX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2050 Fund (FHAPX) 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
FHAPX vs. ^GSPC - Drawdown Comparison
The maximum FHAPX drawdown since its inception was -32.66%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FHAPX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FHAPX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Freedom Blend 2050 Fund (FHAPX) is 2.84%, while S&P 500 (^GSPC) has a volatility of 3.43%. This indicates that FHAPX 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.