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:
1.79
^GSPC:
1.62
FIKFX:
2.61
^GSPC:
2.20
FIKFX:
1.33
^GSPC:
1.30
FIKFX:
1.36
^GSPC:
2.46
FIKFX:
7.35
^GSPC:
10.01
FIKFX:
1.01%
^GSPC:
2.08%
FIKFX:
4.16%
^GSPC:
12.88%
FIKFX:
-15.37%
^GSPC:
-56.78%
FIKFX:
-0.16%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, FIKFX achieves a 1.83% return, which is significantly lower than ^GSPC's 2.24% return. Over the past 10 years, FIKFX has underperformed ^GSPC with an annualized return of 2.35%, while ^GSPC has yielded a comparatively higher 11.04% annualized return.
FIKFX
1.83%
1.06%
1.05%
7.16%
2.05%
2.35%
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
FIKFX vs. ^GSPC — Risk-Adjusted Performance Rank
FIKFX
^GSPC
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 0.95%, while S&P 500 (^GSPC) has a volatility of 3.43%. 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.