PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FFIJX vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FFIJXSPY
YTD Return16.22%26.77%
1Y Return27.33%37.43%
3Y Return (Ann)4.20%10.15%
5Y Return (Ann)9.66%15.86%
Sharpe Ratio2.563.06
Sortino Ratio3.544.08
Omega Ratio1.471.58
Calmar Ratio2.414.44
Martin Ratio16.6020.11
Ulcer Index1.65%1.85%
Daily Std Dev10.73%12.18%
Max Drawdown-30.68%-55.19%
Current Drawdown-0.98%-0.31%

Correlation

-0.50.00.51.01.0

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

In the year-to-date period, FFIJX achieves a 16.22% return, which is significantly lower than SPY's 26.77% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
8.26%
14.78%
FFIJX
SPY

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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%.


FFIJX
Fidelity Freedom Index 2065 Fund Investor Class
Expense ratio chart for FFIJX: current value at 0.12% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.12%
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

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.


FFIJX
Sharpe ratio
The chart of Sharpe ratio for FFIJX, currently valued at 2.56, compared to the broader market0.002.004.002.56
Sortino ratio
The chart of Sortino ratio for FFIJX, currently valued at 3.54, compared to the broader market0.005.0010.003.54
Omega ratio
The chart of Omega ratio for FFIJX, currently valued at 1.47, compared to the broader market1.002.003.004.001.47
Calmar ratio
The chart of Calmar ratio for FFIJX, currently valued at 2.41, compared to the broader market0.005.0010.0015.0020.002.41
Martin ratio
The chart of Martin ratio for FFIJX, currently valued at 16.60, compared to the broader market0.0020.0040.0060.0080.00100.0016.60
SPY
Sharpe ratio
The chart of Sharpe ratio for SPY, currently valued at 3.06, compared to the broader market0.002.004.003.06
Sortino ratio
The chart of Sortino ratio for SPY, currently valued at 4.08, compared to the broader market0.005.0010.004.08
Omega ratio
The chart of Omega ratio for SPY, currently valued at 1.58, compared to the broader market1.002.003.004.001.58
Calmar ratio
The chart of Calmar ratio for SPY, currently valued at 4.44, compared to the broader market0.005.0010.0015.0020.004.44
Martin ratio
The chart of Martin ratio for SPY, currently valued at 20.11, compared to the broader market0.0020.0040.0060.0080.00100.0020.11

FFIJX vs. SPY - Sharpe Ratio Comparison

The current FFIJX Sharpe Ratio is 2.56, which is comparable to the SPY Sharpe Ratio of 3.06. The chart below compares the historical Sharpe Ratios of FFIJX and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.56
3.06
FFIJX
SPY

Dividends

FFIJX vs. SPY - Dividend Comparison

FFIJX's dividend yield for the trailing twelve months is around 1.61%, more than SPY's 1.17% yield.


TTM20232022202120202019201820172016201520142013
FFIJX
Fidelity Freedom Index 2065 Fund Investor Class
1.61%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
1.17%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.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.98%
-0.31%
FFIJX
SPY

Volatility

FFIJX vs. SPY - Volatility Comparison

The current volatility for Fidelity Freedom Index 2065 Fund Investor Class (FFIJX) is 2.97%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.88%. 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.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
2.97%
3.88%
FFIJX
SPY