FIPFX vs. SPXL

In the year-to-date period, FIPFX achieves a 5.84% return, which is significantly higher than SPXL's -7.86% return. Over the past 10 years, FIPFX has underperformed SPXL with an annualized return of 7.16%, while SPXL has yielded a comparatively higher 21.52% annualized return.

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

FIPFX has a 0.12% expense ratio, which is lower than SPXL's 1.02% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and Direxion Daily S&P 500 Bull 3X Shares (SPXL). 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.

The current FIPFX Sharpe Ratio is 0.73, which is higher than the SPXL Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of FIPFX and SPXL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

FIPFX's dividend yield for the trailing twelve months is around 1.89%, more than SPXL's 0.87% yield.

The maximum FIPFX drawdown since its inception was -37.17%, smaller than the maximum SPXL drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for FIPFX and SPXL. For additional features, visit the drawdowns tool.

The current volatility for Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) is 3.73%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 13.53%. This indicates that FIPFX experiences smaller price fluctuations and is considered to be less risky than SPXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.