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 0.92, 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
FZTKX vs. ^GSPC - Performance Comparison
Key characteristics
FZTKX:
1.42
^GSPC:
1.74
FZTKX:
1.99
^GSPC:
2.35
FZTKX:
1.25
^GSPC:
1.32
FZTKX:
1.22
^GSPC:
2.61
FZTKX:
7.58
^GSPC:
10.66
FZTKX:
2.18%
^GSPC:
2.08%
FZTKX:
11.70%
^GSPC:
12.77%
FZTKX:
-35.36%
^GSPC:
-56.78%
FZTKX:
-0.35%
^GSPC:
0.00%
Returns By Period
In the year-to-date period, FZTKX achieves a 5.80% return, which is significantly higher than ^GSPC's 4.46% return.
FZTKX
5.80%
3.67%
5.39%
17.10%
5.33%
N/A
^GSPC
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
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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 -35.36%, 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
Fidelity Freedom 2050 Fund Class K6 (FZTKX) and S&P 500 (^GSPC) have volatilities of 3.21% and 3.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.