FFIKX vs. SPY
Compare and contrast key facts about Fidelity Freedom Index 2065 Fund Institutional Premium Class (FFIKX) and State Street 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.
Performance
FFIKX vs. SPY - Performance Comparison
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FFIKX vs. SPY - 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% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 10.90% |
Returns By Period
In the year-to-date period, FFIKX achieves a -1.60% return, which is significantly higher than SPY's -3.65% return.
FFIKX
- 1D
- 2.75%
- 1M
- -5.55%
- YTD
- -1.60%
- 6M
- 0.99%
- 1Y
- 19.21%
- 3Y*
- 15.25%
- 5Y*
- 8.08%
- 10Y*
- —
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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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%.
Return for Risk
FFIKX vs. SPY — Risk / Return Rank
FFIKX
SPY
FFIKX vs. SPY - 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 State Street 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.
| FFIKX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 0.96 | +0.33 |
Sortino ratioReturn per unit of downside risk | 1.87 | 1.49 | +0.38 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.53 | +0.30 |
Martin ratioReturn relative to average drawdown | 8.28 | 7.27 | +1.01 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 0.96 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.70 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.56 | +0.06 |
Correlation
The correlation between FFIKX and SPY is 0.94, 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. SPY - Dividend Comparison
FFIKX's dividend yield for the trailing twelve months is around 1.96%, more than SPY's 1.13% 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% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FFIKX vs. SPY - Drawdown Comparison
The maximum FFIKX 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 FFIKX and SPY.
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Drawdown Indicators
| FFIKX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -55.19% | +24.51% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -12.05% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -26.22% | -24.50% | -1.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -6.58% | -5.53% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -5.59% | -9.09% | +3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 2.54% | -0.16% |
Volatility
FFIKX vs. SPY - Volatility Comparison
Fidelity Freedom Index 2065 Fund Institutional Premium Class (FFIKX) has a higher volatility of 5.95% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that FFIKX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFIKX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 5.35% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 9.21% | 9.50% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.42% | 19.06% | -3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.34% | 17.06% | -2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.89% | 17.92% | -1.03% |