FFIKX vs. SPY
Compare and contrast key facts about Fidelity Freedom Index 2065 Fund Institutional Premium Class (FFIKX) and SPDR S&P 500 ETF (SPY).
FFIKX 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: FFIKX or SPY.
Correlation
The correlation between FFIKX 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
FFIKX vs. SPY - Performance Comparison
Key characteristics
FFIKX:
0.45
SPY:
0.30
FFIKX:
0.74
SPY:
0.56
FFIKX:
1.11
SPY:
1.08
FFIKX:
0.48
SPY:
0.31
FFIKX:
2.29
SPY:
1.40
FFIKX:
3.06%
SPY:
4.18%
FFIKX:
15.44%
SPY:
19.64%
FFIKX:
-30.69%
SPY:
-55.19%
FFIKX:
-8.87%
SPY:
-13.86%
Returns By Period
In the year-to-date period, FFIKX achieves a -3.96% return, which is significantly higher than SPY's -9.91% return.
FFIKX
-3.96%
-5.38%
-6.13%
7.97%
10.83%
N/A
SPY
-9.91%
-6.63%
-9.38%
7.66%
15.04%
11.54%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FFIKX vs. SPY - Expense Ratio Comparison
FFIKX has a 0.08% expense ratio, which is lower than SPY's 0.09% 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%.
Risk-Adjusted Performance
FFIKX vs. SPY — Risk-Adjusted Performance Rank
FFIKX
SPY
FFIKX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2065 Fund Institutional Premium Class (FFIKX) 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
FFIKX vs. SPY - Dividend Comparison
FFIKX's dividend yield for the trailing twelve months is around 2.00%, more than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFIKX Fidelity Freedom Index 2065 Fund Institutional Premium Class | 2.00% | 1.92% | 1.91% | 1.94% | 1.52% | 1.23% | 1.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FFIKX vs. SPY - Drawdown Comparison
The maximum FFIKX drawdown since its inception was -30.69%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FFIKX and SPY. For additional features, visit the drawdowns tool.
Volatility
FFIKX vs. SPY - Volatility Comparison
The current volatility for Fidelity Freedom Index 2065 Fund Institutional Premium Class (FFIKX) is 10.74%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.52%. This indicates that FFIKX 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.