FFIKX vs. SPMO
Compare and contrast key facts about Fidelity Freedom Index 2065 Fund Institutional Premium Class (FFIKX) and Invesco S&P 500 Momentum ETF (SPMO).
FFIKX is managed by Fidelity. It was launched on Jun 28, 2019. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Performance
FFIKX vs. SPMO - Performance Comparison
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FFIKX vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FFIKX Fidelity Freedom Index 2065 Fund Institutional Premium Class | -1.60% | 21.48% | 14.23% | 19.88% | -18.16% | 15.96% | 16.50% | 8.57% |
SPMO Invesco S&P 500 Momentum ETF | -3.77% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 4.53% |
Returns By Period
In the year-to-date period, FFIKX achieves a -1.60% return, which is significantly higher than SPMO's -3.77% return.
FFIKX
- 1D
- 2.75%
- 1M
- -5.55%
- YTD
- -1.60%
- 6M
- 0.99%
- 1Y
- 19.21%
- 3Y*
- 15.25%
- 5Y*
- 8.08%
- 10Y*
- —
SPMO
- 1D
- 2.13%
- 1M
- -4.40%
- YTD
- -3.77%
- 6M
- -4.53%
- 1Y
- 23.97%
- 3Y*
- 29.27%
- 5Y*
- 17.66%
- 10Y*
- 17.41%
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FFIKX vs. SPMO - Expense Ratio Comparison
FFIKX has a 0.08% expense ratio, which is lower than SPMO's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FFIKX vs. SPMO — Risk / Return Rank
FFIKX
SPMO
FFIKX vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2065 Fund Institutional Premium Class (FFIKX) and Invesco S&P 500 Momentum ETF (SPMO). 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.
| FFIKX | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 1.06 | +0.23 |
Sortino ratioReturn per unit of downside risk | 1.87 | 1.60 | +0.27 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.96 | -0.13 |
Martin ratioReturn relative to average drawdown | 8.28 | 6.90 | +1.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FFIKX | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.06 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.93 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.86 | -0.23 |
Correlation
The correlation between FFIKX and SPMO is 0.81, 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.
Dividends
FFIKX vs. SPMO - Dividend Comparison
FFIKX's dividend yield for the trailing twelve months is around 1.96%, more than SPMO's 0.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFIKX Fidelity Freedom Index 2065 Fund Institutional Premium Class | 1.96% | 1.93% | 1.92% | 1.91% | 2.01% | 1.80% | 1.81% | 2.05% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500 Momentum ETF | 0.89% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
FFIKX vs. SPMO - Drawdown Comparison
The maximum FFIKX drawdown since its inception was -30.68%, roughly equal to the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for FFIKX and SPMO.
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Drawdown Indicators
| FFIKX | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -30.95% | +0.27% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -12.70% | +1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -26.22% | -22.74% | -3.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -6.58% | -7.31% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -5.59% | -4.66% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 3.60% | -1.22% |
Volatility
FFIKX vs. SPMO - Volatility Comparison
The current volatility for Fidelity Freedom Index 2065 Fund Institutional Premium Class (FFIKX) is 5.95%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.22%. This indicates that FFIKX experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFIKX | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 7.22% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.21% | 12.80% | -3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.42% | 22.77% | -7.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.34% | 19.08% | -4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.89% | 20.09% | -3.20% |