Correlation
The correlation between FPTKX and ^GSPC is 0.83, 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.
FPTKX vs. ^GSPC
Compare and contrast key facts about Fidelity Freedom 2015 Fund Class K6 (FPTKX) and S&P 500 (^GSPC).
FPTKX is managed by Fidelity. It was launched on Nov 6, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPTKX or ^GSPC.
Performance
FPTKX vs. ^GSPC - Performance Comparison
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Key characteristics
FPTKX:
0.86
^GSPC:
0.66
FPTKX:
1.11
^GSPC:
0.94
FPTKX:
1.15
^GSPC:
1.14
FPTKX:
0.47
^GSPC:
0.60
FPTKX:
3.53
^GSPC:
2.28
FPTKX:
1.65%
^GSPC:
5.01%
FPTKX:
7.62%
^GSPC:
19.77%
FPTKX:
-27.00%
^GSPC:
-56.78%
FPTKX:
-6.68%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, FPTKX achieves a 2.91% return, which is significantly higher than ^GSPC's 0.51% return.
FPTKX
2.91%
0.43%
0.26%
6.02%
4.48%
1.92%
N/A
^GSPC
0.51%
5.49%
-2.00%
12.02%
12.68%
14.19%
10.85%
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Risk-Adjusted Performance
FPTKX vs. ^GSPC — Risk-Adjusted Performance Rank
FPTKX
^GSPC
FPTKX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2015 Fund Class K6 (FPTKX) 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
FPTKX vs. ^GSPC - Drawdown Comparison
The maximum FPTKX drawdown since its inception was -27.00%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FPTKX and ^GSPC.
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Volatility
FPTKX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Freedom 2015 Fund Class K6 (FPTKX) is 2.38%, while S&P 500 (^GSPC) has a volatility of 4.77%. This indicates that FPTKX 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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