FYTKX vs. ^GSPC
FYTKX (Fidelity Freedom Income Fund Class K6) is Target Retirement Date fund managed by Fidelity, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, FYTKX returned 3.41%/yr vs 11.54%/yr for ^GSPC. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
FYTKX vs. ^GSPC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FYTKX achieves a 5.02% return, which is significantly lower than ^GSPC's 7.60% return.
FYTKX
- 1D
- -0.17%
- 1M
- 1.18%
- YTD
- 5.02%
- 6M
- 5.00%
- 1Y
- 10.91%
- 3Y*
- 8.21%
- 5Y*
- 3.41%
- 10Y*
- —
^GSPC
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
FYTKX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FYTKX Fidelity Freedom Income Fund Class K6 | 5.02% | 10.61% | 4.60% | 8.42% | -11.23% | 3.25% | 9.07% | 10.71% | -1.84% | 3.46% |
^GSPC S&P 500 Index | 7.60% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 9.67% |
Correlation
The correlation between FYTKX and ^GSPC is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.64 |
The correlation between FYTKX and ^GSPC shifts across timeframes, from 0.62 (5 years) to 0.77 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FYTKX vs. ^GSPC — Risk / Return Rank
FYTKX
^GSPC
FYTKX vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Income Fund Class K6 (FYTKX) and S&P 500 Index (^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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FYTKX | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.32 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 2.46 | +0.62 |
| Martin ratioReturn relative to average drawdown | 13.30 | 10.92 | +2.38 |
Loading charts...
Drawdowns
FYTKX vs. ^GSPC - Drawdown Comparison
The maximum FYTKX drawdown since its inception was -15.80%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FYTKX and ^GSPC.
Loading charts...
Drawdown Indicators
| FYTKX | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.80% | -56.78% | +40.98% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -9.10% | +5.43% |
Max Drawdown (3Y)Largest decline over 3 years | -4.85% | -18.90% | +14.05% |
Max Drawdown (5Y)Largest decline over 5 years | -15.80% | -25.43% | +9.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.17% | -3.21% | +3.04% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -10.71% | +7.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 2.04% | -1.19% |
Volatility
FYTKX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Freedom Income Fund Class K6 (FYTKX) is 2.28%, while S&P 500 Index (^GSPC) has a volatility of 4.89%. This indicates that FYTKX 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.
Loading charts...
Volatility by Period
| FYTKX | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 4.89% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 4.34% | 9.93% | -5.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.97% | 12.57% | -7.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.41% | 17.00% | -11.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.80% | 18.08% | -13.28% |
Frequently Asked Questions
FYTKX and ^GSPC have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^GSPC has higher volatility (4.89%) compared to FYTKX (2.28%). In terms of maximum drawdown, FYTKX dropped -15.80% vs ^GSPC's -56.78%.
FYTKX currently has the higher Sharpe Ratio (2.28 vs 1.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FYTKX and ^GSPC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer