FFIJX vs. SPY
Compare and contrast key facts about Fidelity Freedom Index 2065 Fund Investor Class (FFIJX) and SPDR S&P 500 ETF (SPY).
FFIJX is managed by Fidelity. It was launched on Jun 28, 2019. 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: FFIJX or SPY.
Correlation
The correlation between FFIJX and SPY 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. SPY - Performance Comparison
Key characteristics
FFIJX:
1.56
SPY:
2.21
FFIJX:
2.15
SPY:
2.93
FFIJX:
1.28
SPY:
1.41
FFIJX:
2.42
SPY:
3.26
FFIJX:
9.68
SPY:
14.43
FFIJX:
1.74%
SPY:
1.90%
FFIJX:
10.76%
SPY:
12.41%
FFIJX:
-30.68%
SPY:
-55.19%
FFIJX:
-3.48%
SPY:
-2.74%
Returns By Period
In the year-to-date period, FFIJX achieves a 14.62% return, which is significantly lower than SPY's 25.54% return.
FFIJX
14.62%
-0.53%
5.19%
15.59%
8.51%
N/A
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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FFIJX vs. SPY - Expense Ratio Comparison
FFIJX has a 0.12% expense ratio, which is higher than SPY's 0.09% 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. SPY - 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 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.
Dividends
FFIJX vs. SPY - Dividend Comparison
FFIJX's dividend yield for the trailing twelve months is around 1.63%, more than SPY's 0.86% 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% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FFIJX vs. SPY - Drawdown Comparison
The maximum FFIJX drawdown since its inception was -30.68%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FFIJX and SPY. For additional features, visit the drawdowns tool.
Volatility
FFIJX vs. SPY - Volatility Comparison
The current volatility for Fidelity Freedom Index 2065 Fund Investor Class (FFIJX) is 3.26%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.72%. This indicates that FFIJX 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.