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:
0.29
^GSPC:
0.24
FJTKX:
0.52
^GSPC:
0.47
FJTKX:
1.07
^GSPC:
1.07
FJTKX:
0.31
^GSPC:
0.24
FJTKX:
1.44
^GSPC:
1.08
FJTKX:
3.35%
^GSPC:
4.25%
FJTKX:
16.39%
^GSPC:
19.00%
FJTKX:
-35.59%
^GSPC:
-56.78%
FJTKX:
-9.42%
^GSPC:
-14.02%
Returns By Period
In the year-to-date period, FJTKX achieves a -3.88% return, which is significantly higher than ^GSPC's -10.18% return.
FJTKX
-3.88%
-5.98%
-7.33%
5.93%
6.94%
N/A
^GSPC
-10.18%
-6.71%
-9.92%
6.35%
13.40%
9.65%
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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 11.12%, while S&P 500 (^GSPC) has a volatility of 13.60%. 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.