Correlation
The correlation between FDEEX 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.
FDEEX vs. SPY
Compare and contrast key facts about Fidelity Freedom 2055 Fund (FDEEX) and SPDR S&P 500 ETF (SPY).
FDEEX is managed by Fidelity. It was launched on Jun 1, 2011. 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: FDEEX or SPY.
Performance
FDEEX vs. SPY - Performance Comparison
Loading data...
Key characteristics
FDEEX:
0.63
SPY:
0.57
FDEEX:
0.90
SPY:
0.87
FDEEX:
1.12
SPY:
1.13
FDEEX:
0.61
SPY:
0.55
FDEEX:
2.59
SPY:
2.11
FDEEX:
3.62%
SPY:
4.91%
FDEEX:
16.66%
SPY:
20.35%
FDEEX:
-31.00%
SPY:
-55.19%
FDEEX:
-1.33%
SPY:
-5.23%
Returns By Period
In the year-to-date period, FDEEX achieves a 5.36% return, which is significantly higher than SPY's -0.89% return. Over the past 10 years, FDEEX has underperformed SPY with an annualized return of 8.84%, while SPY has yielded a comparatively higher 12.57% annualized return.
FDEEX
5.36%
5.90%
3.04%
9.49%
12.12%
13.03%
8.84%
SPY
-0.89%
5.93%
-2.13%
10.77%
15.38%
16.09%
12.57%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FDEEX vs. SPY - Expense Ratio Comparison
FDEEX has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FDEEX vs. SPY — Risk-Adjusted Performance Rank
FDEEX
SPY
FDEEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2055 Fund (FDEEX) 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.
Loading data...
Dividends
FDEEX vs. SPY - Dividend Comparison
FDEEX's dividend yield for the trailing twelve months is around 3.86%, more than SPY's 1.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEEX Fidelity Freedom 2055 Fund | 3.86% | 1.73% | 1.91% | 11.37% | 11.20% | 4.20% | 6.23% | 6.68% | 3.59% | 3.52% | 4.99% | 4.94% |
SPY SPDR S&P 500 ETF | 1.24% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FDEEX vs. SPY - Drawdown Comparison
The maximum FDEEX drawdown since its inception was -31.00%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FDEEX and SPY.
Loading data...
Volatility
FDEEX vs. SPY - Volatility Comparison
The current volatility for Fidelity Freedom 2055 Fund (FDEEX) is 3.00%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.45%. This indicates that FDEEX 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.
Loading data...