FFIJX vs. SPLG
Compare and contrast key facts about Fidelity Freedom Index 2065 Fund Investor Class (FFIJX) and SPDR Portfolio S&P 500 ETF (SPLG).
FFIJX is managed by Fidelity. It was launched on Jun 28, 2019. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFIJX or SPLG.
Correlation
The correlation between FFIJX and SPLG is 0.95, 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
FFIJX vs. SPLG - Performance Comparison
Key characteristics
FFIJX:
1.56
SPLG:
2.26
FFIJX:
2.15
SPLG:
3.00
FFIJX:
1.28
SPLG:
1.42
FFIJX:
2.42
SPLG:
3.32
FFIJX:
9.68
SPLG:
14.73
FFIJX:
1.74%
SPLG:
1.90%
FFIJX:
10.76%
SPLG:
12.40%
FFIJX:
-30.68%
SPLG:
-54.50%
FFIJX:
-3.48%
SPLG:
-2.50%
Returns By Period
In the year-to-date period, FFIJX achieves a 14.62% return, which is significantly lower than SPLG's 26.00% return.
FFIJX
14.62%
-0.53%
5.19%
15.59%
8.51%
N/A
SPLG
26.00%
-0.14%
9.34%
26.48%
14.82%
13.11%
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FFIJX vs. SPLG - Expense Ratio Comparison
FFIJX has a 0.12% expense ratio, which is higher than SPLG's 0.03% 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%.
Risk-Adjusted Performance
FFIJX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2065 Fund Investor Class (FFIJX) and SPDR Portfolio S&P 500 ETF (SPLG). 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
FFIJX vs. SPLG - Dividend Comparison
FFIJX's dividend yield for the trailing twelve months is around 1.63%, more than SPLG's 0.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFIJX Fidelity Freedom Index 2065 Fund Investor Class | 1.63% | 1.87% | 1.89% | 1.46% | 1.20% | 1.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPLG SPDR Portfolio S&P 500 ETF | 0.92% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% | 1.71% |
Drawdowns
FFIJX vs. SPLG - Drawdown Comparison
The maximum FFIJX drawdown since its inception was -30.68%, smaller than the maximum SPLG drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for FFIJX and SPLG. For additional features, visit the drawdowns tool.
Volatility
FFIJX vs. SPLG - Volatility Comparison
The current volatility for Fidelity Freedom Index 2065 Fund Investor Class (FFIJX) is 3.26%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 3.81%. This indicates that FFIJX experiences smaller price fluctuations and is considered to be less risky than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.