FIPFX vs. SPXL
Compare and contrast key facts about Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
FIPFX is managed by Fidelity. It was launched on Oct 2, 2009. SPXL is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (300%). It was launched on Nov 5, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIPFX or SPXL.
Performance
FIPFX vs. SPXL - Performance Comparison
Returns By Period
In the year-to-date period, FIPFX achieves a 15.30% return, which is significantly lower than SPXL's 68.92% return. Over the past 10 years, FIPFX has underperformed SPXL with an annualized return of 7.14%, while SPXL has yielded a comparatively higher 24.01% annualized return.
FIPFX
15.30%
-0.71%
6.66%
22.35%
6.70%
7.14%
SPXL
68.92%
2.06%
28.96%
94.17%
24.92%
24.01%
Key characteristics
| FIPFX | SPXL | |
|---|---|---|
| Sharpe Ratio | 2.09 | 2.56 |
| Sortino Ratio | 2.89 | 2.95 |
| Omega Ratio | 1.38 | 1.40 |
| Calmar Ratio | 2.56 | 2.50 |
| Martin Ratio | 13.21 | 15.27 |
| Ulcer Index | 1.67% | 6.08% |
| Daily Std Dev | 10.56% | 36.18% |
| Max Drawdown | -37.17% | -76.86% |
| Current Drawdown | -1.80% | -4.49% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FIPFX vs. SPXL - Expense Ratio Comparison
FIPFX has a 0.12% expense ratio, which is lower than SPXL's 1.02% expense ratio.
Correlation
The correlation between FIPFX and SPXL is 0.95, 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.
Risk-Adjusted Performance
FIPFX vs. SPXL - Risk-Adjusted Performance Comparison
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.
Dividends
FIPFX vs. SPXL - Dividend Comparison
FIPFX's dividend yield for the trailing twelve months is around 1.71%, more than SPXL's 0.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPFX Fidelity Freedom Index 2050 Fund Investor Class | 1.71% | 1.94% | 1.96% | 1.52% | 1.39% | 1.77% | 2.19% | 1.72% | 2.04% | 2.00% | 3.26% | 0.10% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.70% | 0.98% | 0.33% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FIPFX vs. SPXL - Drawdown Comparison
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.
Volatility
FIPFX vs. SPXL - Volatility Comparison
The current volatility for Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) is 2.94%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 12.28%. 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.