FWTKX vs. ^GSPC
Compare and contrast key facts about Fidelity Freedom 2035 Fund Class K6 (FWTKX) and S&P 500 (^GSPC).
FWTKX is managed by Fidelity. It was launched on Nov 6, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FWTKX or ^GSPC.
Correlation
The correlation between FWTKX and ^GSPC is 0.91, 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
FWTKX vs. ^GSPC - Performance Comparison
Key characteristics
FWTKX:
1.37
^GSPC:
1.74
FWTKX:
1.95
^GSPC:
2.36
FWTKX:
1.24
^GSPC:
1.32
FWTKX:
0.88
^GSPC:
2.62
FWTKX:
6.79
^GSPC:
10.69
FWTKX:
1.91%
^GSPC:
2.08%
FWTKX:
9.48%
^GSPC:
12.76%
FWTKX:
-33.63%
^GSPC:
-56.78%
FWTKX:
-3.42%
^GSPC:
-0.43%
Returns By Period
In the year-to-date period, FWTKX achieves a 4.49% return, which is significantly higher than ^GSPC's 4.01% return.
FWTKX
4.49%
1.75%
3.94%
13.33%
3.51%
N/A
^GSPC
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
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Risk-Adjusted Performance
FWTKX vs. ^GSPC — Risk-Adjusted Performance Rank
FWTKX
^GSPC
FWTKX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2035 Fund Class K6 (FWTKX) 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
FWTKX vs. ^GSPC - Drawdown Comparison
The maximum FWTKX drawdown since its inception was -33.63%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FWTKX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FWTKX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Freedom 2035 Fund Class K6 (FWTKX) is 2.38%, while S&P 500 (^GSPC) has a volatility of 3.01%. This indicates that FWTKX 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.