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.
Key characteristics
| FDEEX | SPY | |
|---|---|---|
| YTD Return | 15.69% | 25.52% |
| 1Y Return | 27.30% | 37.10% |
| 3Y Return (Ann) | -0.70% | 9.68% |
| 5Y Return (Ann) | 5.51% | 15.68% |
| 10Y Return (Ann) | 5.22% | 13.27% |
| Sharpe Ratio | 2.38 | 3.06 |
| Sortino Ratio | 3.33 | 4.08 |
| Omega Ratio | 1.44 | 1.58 |
| Calmar Ratio | 1.15 | 4.46 |
| Martin Ratio | 15.31 | 20.21 |
| Ulcer Index | 1.78% | 1.86% |
| Daily Std Dev | 11.45% | 12.27% |
| Max Drawdown | -35.11% | -55.19% |
| Current Drawdown | -2.40% | 0.00% |
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.
Performance
FDEEX vs. SPY - Performance Comparison
In the year-to-date period, FDEEX achieves a 15.69% return, which is significantly lower than SPY's 25.52% return. Over the past 10 years, FDEEX has underperformed SPY with an annualized return of 5.22%, while SPY has yielded a comparatively higher 13.27% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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 1.19% 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 | 1.19% | 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 2.82%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.94%. 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.