FFFEX vs. SPHQ
Compare and contrast key facts about Fidelity Freedom 2030 Fund (FFFEX) and Invesco S&P 500® Quality ETF (SPHQ).
FFFEX is managed by Fidelity. It was launched on Oct 17, 1996. SPHQ is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Quality Rankings Index. It was launched on Dec 6, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFFEX or SPHQ.
Key characteristics
| FFFEX | SPHQ | |
|---|---|---|
| YTD Return | 11.88% | 27.96% |
| 1Y Return | 22.34% | 38.63% |
| 3Y Return (Ann) | -1.87% | 11.19% |
| 5Y Return (Ann) | 2.70% | 16.38% |
| 10Y Return (Ann) | 3.39% | 13.62% |
| Sharpe Ratio | 2.53 | 3.12 |
| Sortino Ratio | 3.71 | 4.31 |
| Omega Ratio | 1.47 | 1.57 |
| Calmar Ratio | 0.94 | 6.11 |
| Martin Ratio | 16.11 | 23.76 |
| Ulcer Index | 1.33% | 1.59% |
| Daily Std Dev | 8.48% | 12.08% |
| Max Drawdown | -49.70% | -57.83% |
| Current Drawdown | -5.48% | 0.00% |
Correlation
The correlation between FFFEX and SPHQ 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
FFFEX vs. SPHQ - Performance Comparison
In the year-to-date period, FFFEX achieves a 11.88% return, which is significantly lower than SPHQ's 27.96% return. Over the past 10 years, FFFEX has underperformed SPHQ with an annualized return of 3.39%, while SPHQ has yielded a comparatively higher 13.62% annualized 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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FFFEX vs. SPHQ - Expense Ratio Comparison
FFFEX has a 0.66% expense ratio, which is higher than SPHQ's 0.15% expense ratio.
Risk-Adjusted Performance
FFFEX vs. SPHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2030 Fund (FFFEX) and Invesco S&P 500® Quality ETF (SPHQ). 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
FFFEX vs. SPHQ - Dividend Comparison
FFFEX's dividend yield for the trailing twelve months is around 1.79%, more than SPHQ's 1.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFEX Fidelity Freedom 2030 Fund | 1.79% | 1.83% | 2.59% | 2.40% | 1.07% | 1.65% | 1.76% | 1.23% | 1.55% | 4.36% | 8.39% | 4.63% |
SPHQ Invesco S&P 500® Quality ETF | 1.13% | 1.43% | 1.85% | 1.19% | 1.56% | 1.50% | 1.86% | 1.57% | 1.68% | 2.29% | 1.66% | 1.99% |
Drawdowns
FFFEX vs. SPHQ - Drawdown Comparison
The maximum FFFEX drawdown since its inception was -49.70%, smaller than the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for FFFEX and SPHQ. For additional features, visit the drawdowns tool.
Volatility
FFFEX vs. SPHQ - Volatility Comparison
The current volatility for Fidelity Freedom 2030 Fund (FFFEX) is 2.29%, while Invesco S&P 500® Quality ETF (SPHQ) has a volatility of 3.40%. This indicates that FFFEX experiences smaller price fluctuations and is considered to be less risky than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.