FIKFX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Freedom Index Income Fund Investor Class (FIKFX) and S&P 500 Index (^GSPC).

FIKFX is managed by Fidelity. It was launched on Oct 2, 2009.

Performance

FIKFX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index Income Fund Investor Class (FIKFX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

FIKFX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIKFX Fidelity Freedom Index Income Fund Investor Class	-0.05%	9.23%	4.96%	8.28%	-11.09%	2.79%	8.54%	10.59%	-0.76%	6.66%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, FIKFX achieves a -0.05% return, which is significantly higher than ^GSPC's -3.95% return. Over the past 10 years, FIKFX has underperformed ^GSPC with an annualized return of 3.93%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

FIKFX

• 1D: 0.74%
• 1M: -1.99%
• YTD: -0.05%
• 6M: 1.03%
• 1Y: 6.95%
• 3Y*: 6.20%
• 5Y*: 2.67%
• 10Y*: 3.93%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

FIKFX vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIKFX

FIKFX Risk / Return Rank: 84
FIKFX Sharpe Ratio Rank: 84
FIKFX Sortino Ratio Rank: 85
FIKFX Omega Ratio Rank: 81
FIKFX Calmar Ratio Rank: 85
FIKFX Martin Ratio Rank: 86

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIKFX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index Income Fund Investor Class (FIKFX) and S&P 500 Index (^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.

	FIKFX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.63	0.92	+0.71
Sortino ratio Return per unit of downside risk	2.30	1.41	+0.89
Omega ratio Gain probability vs. loss probability	1.32	1.21	+0.11
Calmar ratio Return relative to maximum drawdown	2.20	1.41	+0.78
Martin ratio Return relative to average drawdown	9.11	6.61	+2.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIKFX vs. ^GSPC - Sharpe Ratio Comparison

The current FIKFX Sharpe Ratio is 1.63, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of FIKFX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FIKFX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	0.92	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.61	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	0.68	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.46	+0.50

Correlation

The correlation between FIKFX and ^GSPC is 0.71, 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.

Drawdowns

FIKFX vs. ^GSPC - Drawdown Comparison

The maximum FIKFX drawdown since its inception was -15.03%, 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.

Drawdown Indicators

	FIKFX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-15.03%	-56.78%	+41.75%
Max Drawdown (1Y) Largest decline over 1 year	-3.32%	-12.14%	+8.82%
Max Drawdown (5Y) Largest decline over 5 years	-15.03%	-25.43%	+10.40%
Max Drawdown (10Y) Largest decline over 10 years	-15.03%	-33.92%	+18.89%
Current Drawdown Current decline from peak	-2.37%	-5.78%	+3.41%
Average Drawdown Average peak-to-trough decline	-1.74%	-10.75%	+9.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.80%	2.60%	-1.80%

Volatility

FIKFX vs. ^GSPC - Volatility Comparison

The current volatility for Fidelity Freedom Index Income Fund Investor Class (FIKFX) is 2.05%, while S&P 500 Index (^GSPC) has a volatility of 5.37%. 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.

Volatility by Period

	FIKFX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	5.37%	-3.32%
Volatility (6M) Calculated over the trailing 6-month period	2.85%	9.55%	-6.70%
Volatility (1Y) Calculated over the trailing 1-year period	4.39%	18.33%	-13.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.07%	16.90%	-11.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.40%	18.05%	-13.65%