FDEWX vs. SPY
Compare and contrast key facts about Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) and State Street 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.
Performance
FDEWX vs. SPY - Performance Comparison
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FDEWX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDEWX Fidelity Freedom Index 2055 Fund Investor Class | -4.21% | 21.39% | 14.14% | 19.95% | -18.01% | 15.88% | 16.46% | 25.94% | -7.19% | 20.53% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
The year-to-date returns for both stocks are quite close, with FDEWX having a -4.21% return and SPY slightly lower at -4.37%. Over the past 10 years, FDEWX has underperformed SPY with an annualized return of 10.41%, while SPY has yielded a comparatively higher 13.98% annualized return.
FDEWX
- 1D
- -0.16%
- 1M
- -8.59%
- YTD
- -4.21%
- 6M
- -1.28%
- 1Y
- 16.51%
- 3Y*
- 14.18%
- 5Y*
- 7.77%
- 10Y*
- 10.41%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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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%.
Return for Risk
FDEWX vs. SPY — Risk / Return Rank
FDEWX
SPY
FDEWX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) and State Street 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.
| FDEWX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 0.93 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.60 | 1.45 | +0.14 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.53 | -0.15 |
Martin ratioReturn relative to average drawdown | 6.32 | 7.30 | -0.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDEWX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 0.93 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.69 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.78 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.56 | +0.06 |
Correlation
The correlation between FDEWX and SPY is 0.96, 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.
Dividends
FDEWX vs. SPY - Dividend Comparison
FDEWX's dividend yield for the trailing twelve months is around 2.06%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEWX Fidelity Freedom Index 2055 Fund Investor Class | 2.06% | 1.97% | 1.98% | 1.92% | 2.24% | 1.89% | 1.85% | 10.83% | 2.36% | 1.93% | 2.42% | 2.31% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FDEWX vs. SPY - Drawdown Comparison
The maximum FDEWX drawdown since its inception was -30.69%, 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.
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Drawdown Indicators
| FDEWX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.69% | -55.19% | +24.50% |
Max Drawdown (1Y)Largest decline over 1 year | -10.82% | -12.05% | +1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -26.22% | -24.50% | -1.72% |
Max Drawdown (10Y)Largest decline over 10 years | -30.69% | -33.72% | +3.03% |
Current DrawdownCurrent decline from peak | -9.07% | -6.24% | -2.83% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -9.09% | +4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 2.52% | -0.17% |
Volatility
FDEWX vs. SPY - Volatility Comparison
The current volatility for Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) is 5.01%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. 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.
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Volatility by Period
| FDEWX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 5.31% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | 9.47% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 19.05% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.27% | 17.06% | -2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.09% | 17.92% | -2.83% |