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.
Key characteristics
| FVTKX | ^GSPC | |
|---|---|---|
| YTD Return | 17.80% | 25.70% |
| 1Y Return | 30.44% | 37.91% |
| 3Y Return (Ann) | 0.34% | 8.59% |
| 5Y Return (Ann) | 6.49% | 14.18% |
| Sharpe Ratio | 2.58 | 2.97 |
| Sortino Ratio | 3.60 | 3.97 |
| Omega Ratio | 1.47 | 1.56 |
| Calmar Ratio | 1.31 | 3.93 |
| Martin Ratio | 16.78 | 19.39 |
| Ulcer Index | 1.77% | 1.90% |
| Daily Std Dev | 11.49% | 12.38% |
| Max Drawdown | -34.32% | -56.78% |
| Current Drawdown | -0.33% | 0.00% |
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
In the year-to-date period, FVTKX achieves a 17.80% return, which is significantly lower than ^GSPC's 25.70% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 3.18%, while S&P 500 (^GSPC) has a volatility of 3.92%. 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.