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 | 10.53% | 23.60% |
| 1Y Return | 18.37% | 30.32% |
| 3Y Return (Ann) | 2.35% | 11.83% |
| 5Y Return (Ann) | 7.79% | 16.47% |
| 10Y Return (Ann) | 7.38% | 13.69% |
| Sharpe Ratio | 2.02 | 2.43 |
| Daily Std Dev | 8.92% | 12.40% |
| Max Drawdown | -49.70% | -57.83% |
| Current Drawdown | -0.44% | -0.57% |
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 10.53% return, which is significantly lower than SPHQ's 23.60% return. Over the past 10 years, FFFEX has underperformed SPHQ with an annualized return of 7.38%, while SPHQ has yielded a comparatively higher 13.69% 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 2.14%, more than SPHQ's 0.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFEX Fidelity Freedom 2030 Fund | 2.14% | 1.87% | 10.06% | 10.92% | 6.24% | 6.79% | 7.32% | 4.60% | 3.98% | 6.21% | 8.39% | 4.63% |
SPHQ Invesco S&P 500® Quality ETF | 0.88% | 1.42% | 1.85% | 1.19% | 1.55% | 1.51% | 1.85% | 1.57% | 1.67% | 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 2.59%, while Invesco S&P 500® Quality ETF (SPHQ) has a volatility of 3.47%. 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.