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
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Key characteristics
FJTKX:
0.47
^GSPC:
0.44
FJTKX:
0.80
^GSPC:
0.79
FJTKX:
1.11
^GSPC:
1.12
FJTKX:
0.53
^GSPC:
0.48
FJTKX:
2.26
^GSPC:
1.85
FJTKX:
3.62%
^GSPC:
4.92%
FJTKX:
16.56%
^GSPC:
19.37%
FJTKX:
-35.59%
^GSPC:
-56.78%
FJTKX:
-3.23%
^GSPC:
-7.88%
Returns By Period
In the year-to-date period, FJTKX achieves a 2.68% return, which is significantly higher than ^GSPC's -3.77% return.
FJTKX
2.68%
9.29%
-1.29%
7.84%
8.17%
N/A
^GSPC
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
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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.
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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.
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Volatility
FJTKX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Freedom 2045 Fund Class K6 (FJTKX) is 5.21%, while S&P 500 (^GSPC) has a volatility of 6.82%. 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.
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