FFOLX vs. SPY
Compare and contrast key facts about Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX) and SPDR S&P 500 ETF (SPY).
FFOLX is managed by Fidelity. It was launched on Oct 2, 2009. 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: FFOLX or SPY.
Correlation
The correlation between FFOLX 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
FFOLX vs. SPY - Performance Comparison
Key characteristics
FFOLX:
1.56
SPY:
2.21
FFOLX:
2.15
SPY:
2.93
FFOLX:
1.29
SPY:
1.41
FFOLX:
2.43
SPY:
3.26
FFOLX:
9.71
SPY:
14.43
FFOLX:
1.73%
SPY:
1.90%
FFOLX:
10.78%
SPY:
12.41%
FFOLX:
-30.72%
SPY:
-55.19%
FFOLX:
-3.52%
SPY:
-2.74%
Returns By Period
In the year-to-date period, FFOLX achieves a 14.69% return, which is significantly lower than SPY's 25.54% return.
FFOLX
14.69%
-0.52%
5.19%
15.63%
8.82%
N/A
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FFOLX vs. SPY - Expense Ratio Comparison
FFOLX 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
FFOLX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX) 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
FFOLX vs. SPY - Dividend Comparison
FFOLX's dividend yield for the trailing twelve months is around 1.75%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFOLX Fidelity Freedom Index 2045 Fund Institutional Premium Class | 1.75% | 1.98% | 2.02% | 1.62% | 1.41% | 1.80% | 2.24% | 1.78% | 2.00% | 2.02% | 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
FFOLX vs. SPY - Drawdown Comparison
The maximum FFOLX drawdown since its inception was -30.72%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FFOLX and SPY. For additional features, visit the drawdowns tool.
Volatility
FFOLX vs. SPY - Volatility Comparison
The current volatility for Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX) is 3.24%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.72%. This indicates that FFOLX 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.