FUIPX vs. SSSYX
Compare and contrast key facts about Fidelity Freedom Index 2060 Fund (FUIPX) and State Street Equity 500 Index Fund Class K (SSSYX).
FUIPX is managed by Fidelity. It was launched on Jun 24, 2020. SSSYX is a passively managed fund by State Street Global Advisors that tracks the performance of the S&P 500 Index. It was launched on Sep 17, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUIPX or SSSYX.
Correlation
The correlation between FUIPX and SSSYX is 0.95, 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
FUIPX vs. SSSYX - Performance Comparison
Key characteristics
FUIPX:
0.63
SSSYX:
0.54
FUIPX:
0.99
SSSYX:
0.88
FUIPX:
1.14
SSSYX:
1.13
FUIPX:
0.67
SSSYX:
0.56
FUIPX:
3.06
SSSYX:
2.29
FUIPX:
3.24%
SSSYX:
4.55%
FUIPX:
15.70%
SSSYX:
19.42%
FUIPX:
-26.35%
SSSYX:
-33.77%
FUIPX:
-5.40%
SSSYX:
-9.87%
Returns By Period
In the year-to-date period, FUIPX achieves a -0.28% return, which is significantly higher than SSSYX's -5.69% return.
FUIPX
-0.28%
-1.53%
-1.02%
9.51%
N/A
N/A
SSSYX
-5.69%
-2.87%
-4.26%
9.77%
15.00%
10.69%
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FUIPX vs. SSSYX - Expense Ratio Comparison
FUIPX has a 0.06% expense ratio, which is higher than SSSYX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FUIPX vs. SSSYX — Risk-Adjusted Performance Rank
FUIPX
SSSYX
FUIPX vs. SSSYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2060 Fund (FUIPX) and State Street Equity 500 Index Fund Class K (SSSYX). 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.
Dividends
FUIPX vs. SSSYX - Dividend Comparison
FUIPX's dividend yield for the trailing twelve months is around 2.02%, more than SSSYX's 1.73% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUIPX Fidelity Freedom Index 2060 Fund | 2.02% | 2.01% | 1.96% | 1.98% | 1.60% | 1.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SSSYX State Street Equity 500 Index Fund Class K | 1.73% | 1.63% | 1.44% | 1.09% | 1.38% | 1.58% | 1.92% | 2.14% | 2.29% | 1.66% | 1.84% | 1.81% |
Drawdowns
FUIPX vs. SSSYX - Drawdown Comparison
The maximum FUIPX drawdown since its inception was -26.35%, smaller than the maximum SSSYX drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for FUIPX and SSSYX. For additional features, visit the drawdowns tool.
Volatility
FUIPX vs. SSSYX - Volatility Comparison
The current volatility for Fidelity Freedom Index 2060 Fund (FUIPX) is 11.17%, while State Street Equity 500 Index Fund Class K (SSSYX) has a volatility of 14.19%. This indicates that FUIPX experiences smaller price fluctuations and is considered to be less risky than SSSYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.