Correlation
The correlation between FFFLX and SPY is 0.94, 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.
FFFLX vs. SPY
Compare and contrast key facts about Fidelity Advisor Freedom 2050 Fund Class A (FFFLX) and SPDR S&P 500 ETF (SPY).
FFFLX is managed by Fidelity. It was launched on Jun 1, 2006. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFFLX or SPY.
Performance
FFFLX vs. SPY - Performance Comparison
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Key characteristics
FFFLX:
0.75
SPY:
0.67
FFFLX:
1.02
SPY:
1.03
FFFLX:
1.14
SPY:
1.15
FFFLX:
0.71
SPY:
0.69
FFFLX:
3.05
SPY:
2.61
FFFLX:
3.54%
SPY:
4.92%
FFFLX:
16.47%
SPY:
20.44%
FFFLX:
-58.23%
SPY:
-55.19%
FFFLX:
-0.22%
SPY:
-3.44%
Returns By Period
In the year-to-date period, FFFLX achieves a 7.00% return, which is significantly higher than SPY's 0.98% return. Over the past 10 years, FFFLX has underperformed SPY with an annualized return of 8.62%, while SPY has yielded a comparatively higher 12.73% annualized return.
FFFLX
7.00%
5.82%
3.83%
12.25%
10.49%
11.93%
8.62%
SPY
0.98%
6.45%
-0.84%
13.58%
14.08%
15.83%
12.73%
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FFFLX vs. SPY - Expense Ratio Comparison
FFFLX has a 1.00% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FFFLX vs. SPY — Risk-Adjusted Performance Rank
FFFLX
SPY
FFFLX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2050 Fund Class A (FFFLX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
FFFLX vs. SPY - Dividend Comparison
FFFLX's dividend yield for the trailing twelve months is around 5.70%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFLX Fidelity Advisor Freedom 2050 Fund Class A | 5.70% | 1.42% | 1.25% | 10.55% | 9.34% | 5.18% | 6.72% | 11.39% | 4.24% | 4.52% | 4.86% | 8.44% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FFFLX vs. SPY - Drawdown Comparison
The maximum FFFLX drawdown since its inception was -58.23%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FFFLX and SPY.
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Volatility
FFFLX vs. SPY - Volatility Comparison
The current volatility for Fidelity Advisor Freedom 2050 Fund Class A (FFFLX) is 3.29%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.85%. This indicates that FFFLX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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