Correlation
The correlation between FWTKX 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.
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.
Performance
FWTKX vs. ^GSPC - Performance Comparison
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Key characteristics
FWTKX:
0.86
^GSPC:
0.62
FWTKX:
1.15
^GSPC:
0.94
FWTKX:
1.16
^GSPC:
1.14
FWTKX:
0.84
^GSPC:
0.61
FWTKX:
3.60
^GSPC:
2.29
FWTKX:
2.70%
^GSPC:
5.01%
FWTKX:
12.79%
^GSPC:
19.79%
FWTKX:
-28.78%
^GSPC:
-56.78%
FWTKX:
-0.12%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, FWTKX achieves a 5.77% return, which is significantly higher than ^GSPC's 0.52% return.
FWTKX
5.77%
4.24%
3.28%
10.92%
9.20%
10.84%
N/A
^GSPC
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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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.
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Drawdowns
FWTKX vs. ^GSPC - Drawdown Comparison
The maximum FWTKX drawdown since its inception was -28.78%, 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.
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Volatility
FWTKX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Freedom 2035 Fund Class K6 (FWTKX) is 2.58%, while S&P 500 (^GSPC) has a volatility of 4.76%. 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.
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