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FIPFX vs. SPXL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FIPFX and SPXL is 0.96, 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.


-0.50.00.51.0
Correlation: 1.0

Performance

FIPFX vs. SPXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and Direxion Daily S&P 500 Bull 3X Shares (SPXL). The values are adjusted to include any dividend payments, if applicable.

0.00%1,000.00%2,000.00%3,000.00%4,000.00%5,000.00%NovemberDecember2025FebruaryMarchApril
233.36%
3,075.40%
FIPFX
SPXL

Key characteristics

Sharpe Ratio

FIPFX:

0.71

SPXL:

0.17

Sortino Ratio

FIPFX:

1.09

SPXL:

0.63

Omega Ratio

FIPFX:

1.16

SPXL:

1.09

Calmar Ratio

FIPFX:

0.76

SPXL:

0.20

Martin Ratio

FIPFX:

3.43

SPXL:

0.69

Ulcer Index

FIPFX:

3.26%

SPXL:

13.93%

Daily Std Dev

FIPFX:

15.70%

SPXL:

57.16%

Max Drawdown

FIPFX:

-37.17%

SPXL:

-76.86%

Current Drawdown

FIPFX:

-4.67%

SPXL:

-32.00%

Returns By Period

In the year-to-date period, FIPFX achieves a 0.46% return, which is significantly higher than SPXL's -23.87% return. Over the past 10 years, FIPFX has underperformed SPXL with an annualized return of 6.71%, while SPXL has yielded a comparatively higher 19.64% annualized return.


FIPFX

YTD

0.46%

1M

0.62%

6M

-0.71%

1Y

9.78%

5Y*

11.09%

10Y*

6.71%

SPXL

YTD

-23.87%

1M

-7.19%

6M

-23.77%

1Y

5.52%

5Y*

30.00%

10Y*

19.64%

*Annualized

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FIPFX vs. SPXL - Expense Ratio Comparison

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


Expense ratio chart for SPXL: current value is 1.02%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPXL: 1.02%
Expense ratio chart for FIPFX: current value is 0.12%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FIPFX: 0.12%

Risk-Adjusted Performance

FIPFX vs. SPXL — Risk-Adjusted Performance Rank

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

FIPFX
The Risk-Adjusted Performance Rank of FIPFX is 7171
Overall Rank
The Sharpe Ratio Rank of FIPFX is 6767
Sharpe Ratio Rank
The Sortino Ratio Rank of FIPFX is 6868
Sortino Ratio Rank
The Omega Ratio Rank of FIPFX is 6868
Omega Ratio Rank
The Calmar Ratio Rank of FIPFX is 7979
Calmar Ratio Rank
The Martin Ratio Rank of FIPFX is 7474
Martin Ratio Rank

SPXL
The Risk-Adjusted Performance Rank of SPXL is 4242
Overall Rank
The Sharpe Ratio Rank of SPXL is 3434
Sharpe Ratio Rank
The Sortino Ratio Rank of SPXL is 4747
Sortino Ratio Rank
The Omega Ratio Rank of SPXL is 4949
Omega Ratio Rank
The Calmar Ratio Rank of SPXL is 4040
Calmar Ratio Rank
The Martin Ratio Rank of SPXL is 3838
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for FIPFX, currently valued at 0.71, compared to the broader market-1.000.001.002.003.00
FIPFX: 0.71
SPXL: 0.17
The chart of Sortino ratio for FIPFX, currently valued at 1.09, compared to the broader market-2.000.002.004.006.008.00
FIPFX: 1.09
SPXL: 0.63
The chart of Omega ratio for FIPFX, currently valued at 1.16, compared to the broader market0.501.001.502.002.503.00
FIPFX: 1.16
SPXL: 1.09
The chart of Calmar ratio for FIPFX, currently valued at 0.76, compared to the broader market0.002.004.006.008.0010.00
FIPFX: 0.76
SPXL: 0.20
The chart of Martin ratio for FIPFX, currently valued at 3.43, compared to the broader market0.0010.0020.0030.0040.0050.00
FIPFX: 3.43
SPXL: 0.69

The current FIPFX Sharpe Ratio is 0.71, which is higher than the SPXL Sharpe Ratio of 0.17. 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.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.71
0.17
FIPFX
SPXL

Dividends

FIPFX vs. SPXL - Dividend Comparison

FIPFX's dividend yield for the trailing twelve months is around 1.97%, more than SPXL's 1.05% yield.


TTM20242023202220212020201920182017201620152014
FIPFX
Fidelity Freedom Index 2050 Fund Investor Class
1.97%1.98%1.94%1.96%1.52%1.39%1.77%2.19%1.72%2.04%2.00%3.26%
SPXL
Direxion Daily S&P 500 Bull 3X Shares
1.05%0.74%0.98%0.33%0.11%0.22%0.84%1.02%3.88%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.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-4.67%
-32.00%
FIPFX
SPXL

Volatility

FIPFX vs. SPXL - Volatility Comparison

The current volatility for Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) is 11.13%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 41.26%. 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.


0.00%10.00%20.00%30.00%40.00%NovemberDecember2025FebruaryMarchApril
11.13%
41.26%
FIPFX
SPXL