Correlation
The correlation between FAXGX and SPY 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.
FAXGX vs. SPY
Compare and contrast key facts about Fidelity Advisor Freedom Blend 2065 Fund Class Z (FAXGX) and SPDR S&P 500 ETF (SPY).
FAXGX is managed by Fidelity. It was launched on Jun 28, 2019. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAXGX or SPY.
Performance
FAXGX vs. SPY - Performance Comparison
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Key characteristics
FAXGX:
0.72
SPY:
0.70
FAXGX:
0.98
SPY:
1.02
FAXGX:
1.14
SPY:
1.15
FAXGX:
0.67
SPY:
0.68
FAXGX:
2.86
SPY:
2.57
FAXGX:
3.61%
SPY:
4.93%
FAXGX:
16.61%
SPY:
20.42%
FAXGX:
-31.34%
SPY:
-55.19%
FAXGX:
-0.43%
SPY:
-3.55%
Returns By Period
In the year-to-date period, FAXGX achieves a 5.91% return, which is significantly higher than SPY's 0.87% return.
FAXGX
5.91%
5.04%
2.33%
11.80%
10.76%
12.07%
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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FAXGX vs. SPY - Expense Ratio Comparison
FAXGX has a 0.39% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FAXGX vs. SPY — Risk-Adjusted Performance Rank
FAXGX
SPY
FAXGX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend 2065 Fund Class Z (FAXGX) and SPDR S&P 500 ETF (SPY). 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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Dividends
FAXGX vs. SPY - Dividend Comparison
FAXGX's dividend yield for the trailing twelve months is around 3.07%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAXGX Fidelity Advisor Freedom Blend 2065 Fund Class Z | 3.07% | 2.91% | 1.98% | 5.31% | 6.81% | 3.44% | 2.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FAXGX vs. SPY - Drawdown Comparison
The maximum FAXGX drawdown since its inception was -31.34%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FAXGX and SPY.
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Volatility
FAXGX vs. SPY - Volatility Comparison
The current volatility for Fidelity Advisor Freedom Blend 2065 Fund Class Z (FAXGX) is 3.42%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that FAXGX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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