FFEGX vs. SPYV
Compare and contrast key facts about Fidelity Freedom Index 2030 Fund Institutional Premium Class (FFEGX) and SPDR Portfolio S&P 500 Value ETF (SPYV).
FFEGX is managed by Fidelity. It was launched on Oct 2, 2009. SPYV is a passively managed fund by State Street that tracks the performance of the S&P 500 Value. It was launched on Sep 25, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFEGX or SPYV.
Key characteristics
| FFEGX | SPYV | |
|---|---|---|
| YTD Return | 10.51% | 17.61% |
| 1Y Return | 20.07% | 30.70% |
| 3Y Return (Ann) | 1.72% | 11.55% |
| 5Y Return (Ann) | 6.77% | 12.41% |
| Sharpe Ratio | 2.52 | 3.02 |
| Sortino Ratio | 3.70 | 4.28 |
| Omega Ratio | 1.48 | 1.56 |
| Calmar Ratio | 1.55 | 5.21 |
| Martin Ratio | 16.16 | 18.29 |
| Ulcer Index | 1.25% | 1.69% |
| Daily Std Dev | 7.98% | 10.22% |
| Max Drawdown | -23.85% | -58.45% |
| Current Drawdown | -1.60% | 0.00% |
Correlation
The correlation between FFEGX and SPYV is 0.85, 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
FFEGX vs. SPYV - Performance Comparison
In the year-to-date period, FFEGX achieves a 10.51% return, which is significantly lower than SPYV's 17.61% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FFEGX vs. SPYV - Expense Ratio Comparison
FFEGX has a 0.08% expense ratio, which is higher than SPYV's 0.04% 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
FFEGX vs. SPYV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2030 Fund Institutional Premium Class (FFEGX) and SPDR Portfolio S&P 500 Value ETF (SPYV). 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
FFEGX vs. SPYV - Dividend Comparison
FFEGX's dividend yield for the trailing twelve months is around 2.13%, more than SPYV's 1.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFEGX Fidelity Freedom Index 2030 Fund Institutional Premium Class | 2.13% | 2.31% | 2.27% | 1.63% | 1.44% | 1.96% | 2.24% | 1.80% | 1.95% | 2.00% | 0.00% | 0.00% |
SPYV SPDR Portfolio S&P 500 Value ETF | 1.95% | 1.75% | 2.23% | 2.10% | 2.38% | 2.25% | 2.97% | 2.77% | 2.39% | 2.53% | 2.19% | 1.96% |
Drawdowns
FFEGX vs. SPYV - Drawdown Comparison
The maximum FFEGX drawdown since its inception was -23.85%, smaller than the maximum SPYV drawdown of -58.45%. Use the drawdown chart below to compare losses from any high point for FFEGX and SPYV. For additional features, visit the drawdowns tool.
Volatility
FFEGX vs. SPYV - Volatility Comparison
The current volatility for Fidelity Freedom Index 2030 Fund Institutional Premium Class (FFEGX) is 1.83%, while SPDR Portfolio S&P 500 Value ETF (SPYV) has a volatility of 3.58%. This indicates that FFEGX experiences smaller price fluctuations and is considered to be less risky than SPYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.