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.
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.
Performance
FVTKX vs. ^GSPC - Performance Comparison
Key characteristics
FVTKX:
1.40
^GSPC:
2.11
FVTKX:
1.96
^GSPC:
2.82
FVTKX:
1.25
^GSPC:
1.39
FVTKX:
0.99
^GSPC:
3.12
FVTKX:
8.37
^GSPC:
13.56
FVTKX:
1.92%
^GSPC:
1.95%
FVTKX:
11.48%
^GSPC:
12.53%
FVTKX:
-34.32%
^GSPC:
-56.78%
FVTKX:
-2.91%
^GSPC:
-0.86%
Returns By Period
In the year-to-date period, FVTKX achieves a 15.79% return, which is significantly lower than ^GSPC's 26.58% return.
FVTKX
15.79%
-1.05%
5.03%
15.42%
5.11%
N/A
^GSPC
26.58%
0.27%
10.12%
26.27%
13.29%
11.21%
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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 3.32%, while S&P 500 (^GSPC) has a volatility of 3.95%. 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.