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 0.96, 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:
1.71
SPY:
2.20
FFOLX:
2.33
SPY:
2.91
FFOLX:
1.31
SPY:
1.41
FFOLX:
2.68
SPY:
3.35
FFOLX:
9.65
SPY:
13.99
FFOLX:
1.93%
SPY:
2.01%
FFOLX:
10.88%
SPY:
12.79%
FFOLX:
-37.04%
SPY:
-55.19%
FFOLX:
-2.42%
SPY:
-1.35%
Returns By Period
In the year-to-date period, FFOLX achieves a 1.62% return, which is significantly lower than SPY's 1.96% return.
FFOLX
1.62%
1.76%
4.98%
16.87%
8.25%
N/A
SPY
1.96%
2.27%
9.55%
27.02%
14.23%
13.44%
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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 Rank
FFOLX
SPY
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 1.99%, more than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFOLX Fidelity Freedom Index 2045 Fund Institutional Premium Class | 1.99% | 2.02% | 1.98% | 2.02% | 1.62% | 1.41% | 1.80% | 2.24% | 1.78% | 2.00% | 2.02% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FFOLX vs. SPY - Drawdown Comparison
The maximum FFOLX drawdown since its inception was -37.04%, 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 4.12%, while SPDR S&P 500 ETF (SPY) has a volatility of 5.10%. 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.