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.
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
Key characteristics
FDEEX:
0.53
SPY:
0.56
FDEEX:
0.85
SPY:
0.92
FDEEX:
1.12
SPY:
1.14
FDEEX:
0.57
SPY:
0.59
FDEEX:
2.40
SPY:
2.32
FDEEX:
3.64%
SPY:
4.80%
FDEEX:
16.57%
SPY:
20.01%
FDEEX:
-35.11%
SPY:
-55.19%
FDEEX:
-3.62%
SPY:
-8.17%
Returns By Period
In the year-to-date period, FDEEX achieves a 2.27% return, which is significantly higher than SPY's -3.97% return. Over the past 10 years, FDEEX has underperformed SPY with an annualized return of 4.62%, while SPY has yielded a comparatively higher 12.19% annualized return.
FDEEX
2.27%
12.56%
-0.81%
7.66%
8.22%
4.62%
SPY
-3.97%
11.26%
-4.45%
9.89%
15.66%
12.19%
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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 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.
Dividends
FDEEX vs. SPY - Dividend Comparison
FDEEX's dividend yield for the trailing twelve months is around 1.70%, more than SPY's 1.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEEX Fidelity Freedom 2055 Fund | 1.70% | 1.73% | 1.91% | 10.33% | 11.20% | 4.20% | 6.23% | 6.68% | 3.59% | 3.52% | 5.08% | 6.52% |
SPY SPDR S&P 500 ETF | 1.28% | 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 -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 8.80%, while SPDR S&P 500 ETF (SPY) has a volatility of 12.55%. 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.