FDAFX vs. SPY
Compare and contrast key facts about Fidelity Advisor Freedom 2020 Fund Class A (FDAFX) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDAFX or SPY.
Correlation
The correlation between FDAFX and SPY is 0.90, 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
FDAFX vs. SPY - Performance Comparison
Key characteristics
FDAFX:
1.01
SPY:
1.87
FDAFX:
1.45
SPY:
2.52
FDAFX:
1.18
SPY:
1.35
FDAFX:
0.45
SPY:
2.81
FDAFX:
4.20
SPY:
11.69
FDAFX:
1.73%
SPY:
2.02%
FDAFX:
7.19%
SPY:
12.65%
FDAFX:
-44.87%
SPY:
-55.19%
FDAFX:
-9.39%
SPY:
0.00%
Returns By Period
In the year-to-date period, FDAFX achieves a 3.49% return, which is significantly lower than SPY's 4.58% return. Over the past 10 years, FDAFX has underperformed SPY with an annualized return of 0.93%, while SPY has yielded a comparatively higher 13.23% annualized return.
FDAFX
3.49%
2.36%
0.96%
7.54%
-0.03%
0.93%
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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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.
Risk-Adjusted Performance
FDAFX vs. SPY — Risk-Adjusted Performance Rank
FDAFX
SPY
FDAFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2020 Fund Class A (FDAFX) 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.
Dividends
FDAFX vs. SPY - Dividend Comparison
FDAFX's dividend yield for the trailing twelve months is around 2.26%, more than SPY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDAFX Fidelity Advisor Freedom 2020 Fund Class A | 2.26% | 2.34% | 2.06% | 2.80% | 2.18% | 0.85% | 1.49% | 1.84% | 1.33% | 1.50% | 3.78% | 8.29% |
SPY SPDR S&P 500 ETF | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FDAFX vs. SPY - Drawdown Comparison
The maximum FDAFX drawdown since its inception was -44.87%, 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. For additional features, visit the drawdowns tool.
Volatility
FDAFX vs. SPY - Volatility Comparison
The current volatility for Fidelity Advisor Freedom 2020 Fund Class A (FDAFX) is 1.84%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.00%. 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.