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:
1.48
^GSPC:
2.10
FJTKX:
2.05
^GSPC:
2.80
FJTKX:
1.27
^GSPC:
1.39
FJTKX:
0.94
^GSPC:
3.09
FJTKX:
8.99
^GSPC:
13.49
FJTKX:
1.89%
^GSPC:
1.94%
FJTKX:
11.51%
^GSPC:
12.52%
FJTKX:
-35.59%
^GSPC:
-56.78%
FJTKX:
-3.97%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, FJTKX achieves a 14.74% return, which is significantly lower than ^GSPC's 24.34% return.
FJTKX
14.74%
-0.86%
4.16%
15.63%
4.21%
N/A
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
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 3.32%, while S&P 500 (^GSPC) has a volatility of 3.79%. 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.