FZTKX vs. ^GSPC
Compare and contrast key facts about Fidelity Freedom 2050 Fund Class K6 (FZTKX) and S&P 500 (^GSPC).
FZTKX is managed by Fidelity. It was launched on Jun 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZTKX or ^GSPC.
Correlation
The correlation between FZTKX and ^GSPC is 0.93, 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
FZTKX vs. ^GSPC - Performance Comparison
Key characteristics
FZTKX:
0.76
^GSPC:
0.67
FZTKX:
1.16
^GSPC:
1.05
FZTKX:
1.16
^GSPC:
1.16
FZTKX:
0.82
^GSPC:
0.68
FZTKX:
3.53
^GSPC:
2.70
FZTKX:
3.57%
^GSPC:
4.78%
FZTKX:
16.58%
^GSPC:
19.41%
FZTKX:
-30.91%
^GSPC:
-56.78%
FZTKX:
-3.11%
^GSPC:
-7.45%
Returns By Period
In the year-to-date period, FZTKX achieves a 2.86% return, which is significantly higher than ^GSPC's -3.31% return.
FZTKX
2.86%
1.67%
2.61%
11.47%
13.72%
N/A
^GSPC
-3.31%
0.28%
-0.74%
12.29%
15.01%
10.56%
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Risk-Adjusted Performance
FZTKX vs. ^GSPC — Risk-Adjusted Performance Rank
FZTKX
^GSPC
FZTKX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2050 Fund Class K6 (FZTKX) 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
FZTKX vs. ^GSPC - Drawdown Comparison
The maximum FZTKX drawdown since its inception was -30.91%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FZTKX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FZTKX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Freedom 2050 Fund Class K6 (FZTKX) is 11.59%, while S&P 500 (^GSPC) has a volatility of 14.17%. This indicates that FZTKX 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.