FDEWX vs. SPY
Compare and contrast key facts about Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) and SPDR S&P 500 ETF (SPY).
FDEWX 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: FDEWX or SPY.
Correlation
The correlation between FDEWX and SPY is 0.95, 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
FDEWX vs. SPY - Performance Comparison
Key characteristics
FDEWX:
1.49
SPY:
1.75
FDEWX:
2.06
SPY:
2.36
FDEWX:
1.27
SPY:
1.32
FDEWX:
2.33
SPY:
2.66
FDEWX:
8.35
SPY:
11.01
FDEWX:
1.94%
SPY:
2.03%
FDEWX:
10.90%
SPY:
12.77%
FDEWX:
-34.73%
SPY:
-55.19%
FDEWX:
-1.42%
SPY:
-2.12%
Returns By Period
In the year-to-date period, FDEWX achieves a 3.88% return, which is significantly higher than SPY's 2.36% return. Over the past 10 years, FDEWX has underperformed SPY with an annualized return of 7.58%, while SPY has yielded a comparatively higher 12.96% annualized return.
FDEWX
3.88%
0.82%
4.17%
14.49%
8.84%
7.58%
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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FDEWX vs. SPY - Expense Ratio Comparison
FDEWX has a 0.12% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FDEWX vs. SPY — Risk-Adjusted Performance Rank
FDEWX
SPY
FDEWX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) 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
FDEWX vs. SPY - Dividend Comparison
FDEWX's dividend yield for the trailing twelve months is around 1.90%, more than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEWX Fidelity Freedom Index 2055 Fund Investor Class | 1.90% | 1.97% | 1.92% | 1.94% | 1.51% | 1.35% | 1.69% | 2.15% | 1.69% | 2.26% | 2.29% | 1.89% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FDEWX vs. SPY - Drawdown Comparison
The maximum FDEWX drawdown since its inception was -34.73%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FDEWX and SPY. For additional features, visit the drawdowns tool.
Volatility
FDEWX vs. SPY - Volatility Comparison
The current volatility for Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) is 2.88%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.38%. This indicates that FDEWX 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.