FJTKX vs. ^GSPC
Compare and contrast key facts about Fidelity Freedom 2045 Fund Class K6 (FJTKX) and S&P 500 (^GSPC).
FJTKX is managed by Fidelity. It was launched on Jun 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FJTKX or ^GSPC.
Correlation
The correlation between FJTKX and ^GSPC is 0.92, 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
FJTKX vs. ^GSPC - Performance Comparison
Key characteristics
FJTKX:
0.71
^GSPC:
0.67
FJTKX:
1.09
^GSPC:
1.05
FJTKX:
1.15
^GSPC:
1.16
FJTKX:
0.77
^GSPC:
0.68
FJTKX:
3.28
^GSPC:
2.70
FJTKX:
3.59%
^GSPC:
4.78%
FJTKX:
16.64%
^GSPC:
19.41%
FJTKX:
-35.59%
^GSPC:
-56.78%
FJTKX:
-3.02%
^GSPC:
-7.45%
Returns By Period
In the year-to-date period, FJTKX achieves a 2.91% return, which is significantly higher than ^GSPC's -3.31% return.
FJTKX
2.91%
1.69%
2.02%
10.72%
8.21%
N/A
^GSPC
-3.31%
0.28%
-0.74%
12.29%
15.01%
10.56%
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Risk-Adjusted Performance
FJTKX vs. ^GSPC — Risk-Adjusted Performance Rank
FJTKX
^GSPC
FJTKX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2045 Fund Class K6 (FJTKX) 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
FJTKX vs. ^GSPC - Drawdown Comparison
The maximum FJTKX drawdown since its inception was -35.59%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FJTKX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FJTKX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Freedom 2045 Fund Class K6 (FJTKX) is 11.58%, while S&P 500 (^GSPC) has a volatility of 14.17%. This indicates that FJTKX 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.
User Portfolios with FJTKX or ^GSPC
Recent discussions
Discrepancy between SPY and ^GSPC?
Hello, from the charts, SPY seems to be outperforming its benchmark ^GSPC. That looks strange. From my understanding, SPY is designed to closely track the S&P 500.
Could there be an error in the charts?
Hedge Cat
Transactional Portfolio Use
I am trying to understand how to make the best use of transactional portfolios. At first I thought it is useful when tracking the performance of a self-managed fund. You add cash to it, transact in equities, adding each transaction to the portfolio. It then shows you its performance wrt. to a benchmark. The broker does this for you anyway, but the whole reason I started evaluating Portfolioslab is so that I can separate my single broker account into thematic baskets ("thematic funds") and track their performance individually.
The transactional portfolio in Portfolioslab does not seem to work that way. It does not consider the changes in cash position, ie. any profit/loss made on equity transactions. It does not seem to be suited for track the assets of a fund, so to speak. What good is transactional portfolio then?
EG
How often do you rebase the trends portfolio?
Hedge Cat