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.
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.
Performance
FDEWX vs. SPY - Performance Comparison
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Key characteristics
FDEWX:
0.83
SPY:
0.70
FDEWX:
1.13
SPY:
1.02
FDEWX:
1.16
SPY:
1.15
FDEWX:
0.79
SPY:
0.68
FDEWX:
3.49
SPY:
2.57
FDEWX:
3.33%
SPY:
4.93%
FDEWX:
15.77%
SPY:
20.42%
FDEWX:
-30.69%
SPY:
-55.19%
FDEWX:
-0.35%
SPY:
-3.55%
Returns By Period
In the year-to-date period, FDEWX achieves a 5.47% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, FDEWX has underperformed SPY with an annualized return of 8.76%, while SPY has yielded a comparatively higher 12.73% annualized return.
FDEWX
5.47%
4.69%
2.46%
12.22%
10.66%
11.43%
8.76%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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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.
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Dividends
FDEWX vs. SPY - Dividend Comparison
FDEWX's dividend yield for the trailing twelve months is around 1.92%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEWX Fidelity Freedom Index 2055 Fund Investor Class | 1.92% | 1.98% | 1.92% | 2.00% | 1.89% | 1.87% | 10.83% | 2.39% | 1.93% | 2.42% | 2.31% | 1.89% |
SPY SPDR S&P 500 ETF | 1.22% | 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 -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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Volatility
FDEWX vs. SPY - Volatility Comparison
The current volatility for Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) is 3.33%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. 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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