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
Returns By Period
In the year-to-date period, FDEEX achieves a 15.97% return, which is significantly lower than SPY's 26.08% return. Over the past 10 years, FDEEX has underperformed SPY with an annualized return of 5.06%, while SPY has yielded a comparatively higher 13.10% annualized return.
FDEEX
15.97%
-0.42%
6.70%
22.98%
5.49%
5.06%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| FDEEX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.04 | 2.70 |
| Sortino Ratio | 2.84 | 3.60 |
| Omega Ratio | 1.37 | 1.50 |
| Calmar Ratio | 1.14 | 3.90 |
| Martin Ratio | 12.75 | 17.52 |
| Ulcer Index | 1.82% | 1.87% |
| Daily Std Dev | 11.40% | 12.14% |
| Max Drawdown | -35.11% | -55.19% |
| Current Drawdown | -2.16% | -0.85% |
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FDEEX vs. SPY - Expense Ratio Comparison
FDEEX has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
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.
Risk-Adjusted Performance
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.
Dividends
FDEEX vs. SPY - Dividend Comparison
FDEEX's dividend yield for the trailing twelve months is around 1.08%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEEX Fidelity Freedom 2055 Fund | 1.08% | 1.25% | 2.11% | 2.24% | 1.01% | 1.48% | 1.58% | 1.10% | 1.38% | 3.59% | 6.52% | 5.45% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FDEEX vs. SPY - Drawdown Comparison
The maximum FDEEX drawdown since its inception was -35.11%, 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. For additional features, visit the drawdowns tool.
Volatility
FDEEX vs. SPY - Volatility Comparison
The current volatility for Fidelity Freedom 2055 Fund (FDEEX) is 3.11%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. 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.