FIKFX vs. ^GSPC
Compare and contrast key facts about Fidelity Freedom Index Income Fund Investor Class (FIKFX) and S&P 500 (^GSPC).
FIKFX is managed by Fidelity. It was launched on Oct 2, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIKFX or ^GSPC.
Correlation
The correlation between FIKFX and ^GSPC is 0.70, 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
FIKFX vs. ^GSPC - Performance Comparison
Key characteristics
FIKFX:
0.94
^GSPC:
1.84
FIKFX:
1.32
^GSPC:
2.48
FIKFX:
1.17
^GSPC:
1.34
FIKFX:
0.73
^GSPC:
2.75
FIKFX:
4.43
^GSPC:
11.85
FIKFX:
0.94%
^GSPC:
1.97%
FIKFX:
4.42%
^GSPC:
12.65%
FIKFX:
-15.37%
^GSPC:
-56.78%
FIKFX:
-3.05%
^GSPC:
-3.43%
Returns By Period
Over the past 10 years, FIKFX has underperformed ^GSPC with an annualized return of 2.24%, while ^GSPC has yielded a comparatively higher 11.09% annualized return.
FIKFX
0.00%
-2.58%
1.58%
3.80%
1.78%
2.24%
^GSPC
0.00%
-2.50%
6.76%
23.31%
12.57%
11.09%
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Risk-Adjusted Performance
FIKFX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index Income Fund Investor Class (FIKFX) 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
FIKFX vs. ^GSPC - Drawdown Comparison
The maximum FIKFX drawdown since its inception was -15.37%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FIKFX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FIKFX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Freedom Index Income Fund Investor Class (FIKFX) is 1.52%, while S&P 500 (^GSPC) has a volatility of 4.15%. This indicates that FIKFX 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.