FDAFX vs. SPY
Compare and contrast key facts about Fidelity Advisor Freedom 2020 Fund Class A (FDAFX) and State Street SPDR S&P 500 ETF (SPY).
FDAFX is managed by Fidelity. It was launched on Jul 24, 2003. 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.
Performance
FDAFX vs. SPY - Performance Comparison
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FDAFX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDAFX Fidelity Advisor Freedom 2020 Fund Class A | -1.61% | 14.28% | 6.79% | 12.08% | -16.22% | 8.40% | 13.09% | 18.40% | -5.05% | 12.05% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, FDAFX achieves a -1.61% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, FDAFX has underperformed SPY with an annualized return of 6.33%, while SPY has yielded a comparatively higher 13.98% annualized return.
FDAFX
- 1D
- 0.16%
- 1M
- -5.42%
- YTD
- -1.61%
- 6M
- 0.11%
- 1Y
- 10.37%
- 3Y*
- 8.64%
- 5Y*
- 3.71%
- 10Y*
- 6.33%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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FDAFX vs. SPY - Expense Ratio Comparison
FDAFX has a 0.83% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
FDAFX vs. SPY — Risk / Return Rank
FDAFX
SPY
FDAFX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2020 Fund Class A (FDAFX) and State Street 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.
| FDAFX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 0.93 | +0.34 |
Sortino ratioReturn per unit of downside risk | 1.78 | 1.45 | +0.33 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.53 | +0.11 |
Martin ratioReturn relative to average drawdown | 6.89 | 7.30 | -0.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDAFX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 0.93 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.69 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.78 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.56 | -0.12 |
Correlation
The correlation between FDAFX and SPY is 0.89, 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.
Dividends
FDAFX vs. SPY - Dividend Comparison
FDAFX's dividend yield for the trailing twelve months is around 7.82%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDAFX Fidelity Advisor Freedom 2020 Fund Class A | 7.82% | 7.70% | 4.66% | 2.15% | 8.84% | 10.71% | 6.97% | 6.62% | 9.48% | 3.23% | 4.34% | 3.51% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FDAFX vs. SPY - Drawdown Comparison
The maximum FDAFX drawdown since its inception was -47.38%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FDAFX and SPY.
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Drawdown Indicators
| FDAFX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.38% | -55.19% | +7.81% |
Max Drawdown (1Y)Largest decline over 1 year | -6.07% | -12.05% | +5.98% |
Max Drawdown (5Y)Largest decline over 5 years | -22.75% | -24.50% | +1.75% |
Max Drawdown (10Y)Largest decline over 10 years | -22.75% | -33.72% | +10.97% |
Current DrawdownCurrent decline from peak | -5.42% | -6.24% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -9.09% | +3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 2.52% | -1.08% |
Volatility
FDAFX vs. SPY - Volatility Comparison
The current volatility for Fidelity Advisor Freedom 2020 Fund Class A (FDAFX) is 3.22%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that FDAFX 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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Volatility by Period
| FDAFX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 5.31% | -2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.99% | 9.47% | -4.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.23% | 19.05% | -10.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.79% | 17.06% | -8.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.04% | 17.92% | -8.88% |