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:
1.42
^GSPC:
1.82
FVTKX:
1.99
^GSPC:
2.44
FVTKX:
1.26
^GSPC:
1.33
FVTKX:
1.19
^GSPC:
2.77
FVTKX:
7.78
^GSPC:
11.35
FVTKX:
2.16%
^GSPC:
2.07%
FVTKX:
11.83%
^GSPC:
12.98%
FVTKX:
-34.32%
^GSPC:
-56.78%
FVTKX:
-2.08%
^GSPC:
-1.74%
Returns By Period
In the year-to-date period, FVTKX achieves a 2.97% return, which is significantly higher than ^GSPC's 2.22% return.
FVTKX
2.97%
1.53%
5.70%
16.15%
5.62%
N/A
^GSPC
2.22%
0.69%
10.04%
22.93%
12.98%
11.70%
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Risk-Adjusted Performance
FVTKX vs. ^GSPC — Risk-Adjusted Performance Rank
FVTKX
^GSPC
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 3.81%, while S&P 500 (^GSPC) has a volatility of 4.27%. 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.