FVTKX vs. ^GSPC
Compare and contrast key facts about Fidelity Freedom 2060 Fund Class K6 (FVTKX) and S&P 500 (^GSPC).
FVTKX is managed by Fidelity. It was launched on Aug 5, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FVTKX or ^GSPC.
Performance
FVTKX vs. ^GSPC - Performance Comparison
Returns By Period
In the year-to-date period, FVTKX achieves a 16.02% return, which is significantly lower than ^GSPC's 24.72% return.
FVTKX
16.02%
-0.40%
6.81%
23.00%
6.10%
N/A
^GSPC
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Key characteristics
| FVTKX | ^GSPC | |
|---|---|---|
| Sharpe Ratio | 2.04 | 2.54 |
| Sortino Ratio | 2.86 | 3.40 |
| Omega Ratio | 1.37 | 1.47 |
| Calmar Ratio | 1.21 | 3.66 |
| Martin Ratio | 12.82 | 16.26 |
| Ulcer Index | 1.81% | 1.91% |
| Daily Std Dev | 11.35% | 12.23% |
| Max Drawdown | -34.32% | -56.78% |
| Current Drawdown | -1.83% | -0.88% |
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Correlation
The correlation between FVTKX 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.
Risk-Adjusted Performance
FVTKX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2060 Fund Class K6 (FVTKX) 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
FVTKX vs. ^GSPC - Drawdown Comparison
The maximum FVTKX drawdown since its inception was -34.32%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FVTKX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FVTKX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Freedom 2060 Fund Class K6 (FVTKX) is 3.07%, while S&P 500 (^GSPC) has a volatility of 3.96%. This indicates that FVTKX 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.