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
Returns By Period
In the year-to-date period, FDEWX achieves a 15.03% return, which is significantly lower than SPY's 24.91% return. Over the past 10 years, FDEWX has underperformed SPY with an annualized return of 7.53%, while SPY has yielded a comparatively higher 13.04% annualized return.
FDEWX
15.03%
-1.48%
6.04%
22.62%
7.50%
7.53%
SPY
24.91%
0.61%
11.66%
32.24%
15.43%
13.04%
Key characteristics
| FDEWX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.20 | 2.67 |
| Sortino Ratio | 3.03 | 3.56 |
| Omega Ratio | 1.40 | 1.50 |
| Calmar Ratio | 2.59 | 3.85 |
| Martin Ratio | 13.97 | 17.38 |
| Ulcer Index | 1.66% | 1.86% |
| Daily Std Dev | 10.59% | 12.17% |
| Max Drawdown | -34.73% | -55.19% |
| Current Drawdown | -2.01% | -1.77% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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%.
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.
Risk-Adjusted Performance
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 1.70%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEWX Fidelity Freedom Index 2055 Fund Investor Class | 1.70% | 1.92% | 1.94% | 1.51% | 1.35% | 1.69% | 2.15% | 1.69% | 2.26% | 2.29% | 1.89% | 1.46% |
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
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 2.98%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.08%. 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.