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.
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
Key characteristics
FFFEX:
1.27
SPHQ:
2.26
FFFEX:
1.82
SPHQ:
3.10
FFFEX:
1.23
SPHQ:
1.41
FFFEX:
0.63
SPHQ:
4.49
FFFEX:
7.37
SPHQ:
16.80
FFFEX:
1.46%
SPHQ:
1.65%
FFFEX:
8.43%
SPHQ:
12.25%
FFFEX:
-49.70%
SPHQ:
-57.83%
FFFEX:
-7.62%
SPHQ:
-3.14%
Returns By Period
In the year-to-date period, FFFEX achieves a 9.34% return, which is significantly lower than SPHQ's 26.15% return. Over the past 10 years, FFFEX has underperformed SPHQ with an annualized return of 3.11%, while SPHQ has yielded a comparatively higher 13.04% annualized return.
FFFEX
9.34%
-0.71%
2.84%
10.01%
1.57%
3.11%
SPHQ
26.15%
0.60%
4.72%
27.66%
14.87%
13.04%
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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 1.83%, more than SPHQ's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFEX Fidelity Freedom 2030 Fund | 1.83% | 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 | 0.86% | 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 2.62%, while Invesco S&P 500® Quality ETF (SPHQ) has a volatility of 3.91%. 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.