FFEGX vs. SPYV

Last updated Jun 24, 2026

FFEGX (Fidelity Freedom Index 2030 Fund Institutional Premium Class) and SPYV (SPDR Portfolio S&P 500 Value ETF) are both funds - FFEGX is a Target Retirement Date fund managed by Fidelity, while SPYV is a S&P 500 fund tracking the S&P 500 Value Index. Over the past 10 years, FFEGX returned 9.34%/yr vs 12.11%/yr for SPYV. Their correlation of 0.84 suggests significant overlap in exposure. FFEGX charges 0.08%/yr vs 0.04%/yr for SPYV.

Performance

FFEGX vs. SPYV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2030 Fund Institutional Premium Class (FFEGX) and SPDR Portfolio S&P 500 Value ETF (SPYV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FFEGX having a 7.52% return and SPYV slightly lower at 7.47%. Over the past 10 years, FFEGX has underperformed SPYV with an annualized return of 9.34%, while SPYV has yielded a comparatively higher 12.11% annualized return.

FFEGX

• 1D: -0.25%
• 1M: 1.30%
• YTD: 7.52%
• 6M: 7.17%
• 1Y: 17.93%
• 3Y*: 13.35%
• 5Y*: 6.32%
• 10Y*: 9.34%

SPYV

• 1D: -0.28%
• 1M: -0.41%
• YTD: 7.47%
• 6M: 6.91%
• 1Y: 20.05%
• 3Y*: 15.17%
• 5Y*: 11.21%
• 10Y*: 12.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FFEGX vs. SPYV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFEGX Fidelity Freedom Index 2030 Fund Institutional Premium Class	7.52%	15.93%	9.55%	15.16%	-16.81%	10.94%	14.38%	22.10%	-5.55%	18.03%
SPYV SPDR Portfolio S&P 500 Value ETF	7.47%	13.18%	12.24%	22.20%	-5.28%	24.91%	1.38%	31.70%	-9.01%	15.40%

Correlation

The correlation between FFEGX and SPYV is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jun 29, 2015	0.84

The correlation between FFEGX and SPYV has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.

Return for Risk

FFEGX vs. SPYV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FFEGX

FFEGX Risk / Return Rank: 67
FFEGX Sharpe Ratio Rank: 68
FFEGX Sortino Ratio Rank: 68
FFEGX Omega Ratio Rank: 69
FFEGX Calmar Ratio Rank: 63
FFEGX Martin Ratio Rank: 70

SPYV

SPYV Risk / Return Rank: 65
SPYV Sharpe Ratio Rank: 64
SPYV Sortino Ratio Rank: 64
SPYV Omega Ratio Rank: 62
SPYV Calmar Ratio Rank: 67
SPYV Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FFEGX vs. SPYV - Risk-Adjusted Trends 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FFEGX	SPYV	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.02	+0.19
Sortino ratio: Return per unit of downside risk	3.12	2.84	+0.29
Omega ratio: Gain probability vs. loss probability	1.42	1.36	+0.06
Calmar ratio: Return relative to maximum drawdown	2.91	3.24	-0.33
Martin ratio: Return relative to average drawdown	12.51	12.32	+0.20

FFEGX vs. SPYV - Sharpe Ratio Comparison

The current FFEGX Sharpe Ratio is 2.21, which is comparable to the SPYV Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of FFEGX and SPYV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	FFEGX	SPYV	Difference
Max Drawdown Largest peak-to-trough decline	-23.85%	-58.45%	+34.60%
Max Drawdown (1Y) Largest decline over 1 year	-6.43%	-6.22%	-0.21%
Max Drawdown (3Y) Largest decline over 3 years	-9.36%	-17.54%	+8.18%
Max Drawdown (5Y) Largest decline over 5 years	-23.26%	-17.89%	-5.37%
Max Drawdown (10Y) Largest decline over 10 years	-23.85%	-36.89%	+13.04%
Current Drawdown Current decline from peak	-0.49%	-1.24%	+0.75%
Average Drawdown Average peak-to-trough decline	-4.15%	-8.70%	+4.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	1.63%	-0.14%

Volatility

FFEGX vs. SPYV - Volatility Comparison

Fidelity Freedom Index 2030 Fund Institutional Premium Class (FFEGX) has a higher volatility of 3.40% compared to SPDR Portfolio S&P 500 Value ETF (SPYV) at 2.90%. This indicates that FFEGX's price experiences larger fluctuations and is considered to be riskier than SPYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFEGX	SPYV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	2.90%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	7.09%	7.33%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	8.46%	9.97%	-1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.39%	14.38%	-3.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.25%	16.93%	-5.68%

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%.

Dividends

FFEGX vs. SPYV - Dividend Comparison

FFEGX's dividend yield for the trailing twelve months is around 3.08%, more than SPYV's 1.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFEGX Fidelity Freedom Index 2030 Fund Institutional Premium Class	3.08%	3.37%	2.71%	2.31%	2.45%	2.22%	2.43%	16.77%	2.18%	1.88%	2.00%	2.00%
SPYV SPDR Portfolio S&P 500 Value ETF	1.73%	1.77%	2.29%	1.75%	2.22%	2.10%	2.38%	2.25%	2.97%	2.77%	2.39%	2.53%

Frequently Asked Questions

Can I hold both FFEGX and SPYV in my portfolio?

FFEGX and SPYV have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFEGX or SPYV?

FFEGX has higher volatility (3.40%) compared to SPYV (2.90%). In terms of maximum drawdown, FFEGX dropped -23.85% vs SPYV's -58.45%.

Which has better risk-adjusted returns?

FFEGX currently has the higher Sharpe Ratio (2.21 vs 2.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.