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.
Performance
FFEGX vs. SPYV - Performance Comparison
Returns By Period
In the year-to-date period, FFEGX achieves a 11.04% return, which is significantly lower than SPYV's 19.18% return.
FFEGX
11.04%
0.58%
6.07%
17.09%
6.77%
N/A
SPYV
19.18%
2.74%
12.34%
26.94%
12.65%
10.64%
Key characteristics
| FFEGX | SPYV | |
|---|---|---|
| Sharpe Ratio | 2.18 | 2.70 |
| Sortino Ratio | 3.16 | 3.77 |
| Omega Ratio | 1.40 | 1.48 |
| Calmar Ratio | 1.73 | 4.94 |
| Martin Ratio | 13.31 | 15.89 |
| Ulcer Index | 1.28% | 1.70% |
| Daily Std Dev | 7.82% | 9.99% |
| Max Drawdown | -23.85% | -58.45% |
| Current Drawdown | -1.13% | 0.00% |
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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%.
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.
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 2.12%, more than SPYV's 1.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFEGX Fidelity Freedom Index 2030 Fund Institutional Premium Class | 2.12% | 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 | 1.92% | 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 2.01%, while SPDR Portfolio S&P 500 Value ETF (SPYV) has a volatility of 3.56%. 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.