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.
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
Key characteristics
FFEGX:
0.18
SPYV:
-0.32
FFEGX:
0.29
SPYV:
-0.32
FFEGX:
1.04
SPYV:
0.95
FFEGX:
0.22
SPYV:
-0.27
FFEGX:
0.93
SPYV:
-1.14
FFEGX:
1.75%
SPYV:
3.64%
FFEGX:
9.07%
SPYV:
13.00%
FFEGX:
-31.96%
SPYV:
-58.45%
FFEGX:
-7.26%
SPYV:
-15.31%
Returns By Period
In the year-to-date period, FFEGX achieves a -3.77% return, which is significantly higher than SPYV's -9.08% return.
FFEGX
-3.77%
-6.32%
-5.74%
2.09%
8.40%
N/A
SPYV
-9.08%
-10.47%
-11.24%
-3.30%
15.80%
8.88%
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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 Rank
FFEGX
SPYV
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 2.56%, more than SPYV's 2.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFEGX Fidelity Freedom Index 2030 Fund Institutional Premium Class | 2.56% | 2.46% | 2.31% | 2.27% | 1.63% | 1.44% | 1.96% | 2.24% | 1.80% | 1.95% | 2.00% | 0.00% |
SPYV SPDR Portfolio S&P 500 Value ETF | 2.36% | 2.29% | 1.75% | 2.23% | 2.10% | 2.38% | 2.25% | 2.97% | 2.77% | 2.39% | 2.53% | 2.19% |
Drawdowns
FFEGX vs. SPYV - Drawdown Comparison
The maximum FFEGX drawdown since its inception was -31.96%, 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 4.56%, while SPDR Portfolio S&P 500 Value ETF (SPYV) has a volatility of 8.12%. 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.