Correlation
The correlation between FFVFX and SPY is 0.89, 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.
FFVFX vs. SPY
Compare and contrast key facts about Fidelity Freedom 2015 Fund (FFVFX) and SPDR S&P 500 ETF (SPY).
FFVFX is managed by Fidelity. It was launched on Nov 6, 2003. 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: FFVFX or SPY.
Performance
FFVFX vs. SPY - Performance Comparison
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Key characteristics
FFVFX:
1.09
SPY:
0.68
FFVFX:
1.68
SPY:
1.11
FFVFX:
1.23
SPY:
1.16
FFVFX:
1.50
SPY:
0.75
FFVFX:
5.63
SPY:
2.86
FFVFX:
1.51%
SPY:
4.93%
FFVFX:
7.32%
SPY:
20.44%
FFVFX:
-38.88%
SPY:
-55.19%
FFVFX:
0.00%
SPY:
-3.01%
Returns By Period
In the year-to-date period, FFVFX achieves a 4.52% return, which is significantly higher than SPY's 1.44% return. Over the past 10 years, FFVFX has underperformed SPY with an annualized return of 5.29%, while SPY has yielded a comparatively higher 12.88% annualized return.
FFVFX
4.52%
1.58%
2.11%
7.95%
5.40%
5.19%
5.29%
SPY
1.44%
4.58%
-1.18%
13.82%
14.68%
15.35%
12.88%
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FFVFX vs. SPY - Expense Ratio Comparison
FFVFX has a 0.54% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FFVFX vs. SPY — Risk-Adjusted Performance Rank
FFVFX
SPY
FFVFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2015 Fund (FFVFX) 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.
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Dividends
FFVFX vs. SPY - Dividend Comparison
FFVFX's dividend yield for the trailing twelve months is around 4.75%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFVFX Fidelity Freedom 2015 Fund | 4.75% | 3.94% | 2.61% | 8.38% | 10.74% | 6.83% | 6.70% | 8.14% | 4.86% | 3.72% | 5.55% | 6.23% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FFVFX vs. SPY - Drawdown Comparison
The maximum FFVFX drawdown since its inception was -38.88%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FFVFX and SPY.
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Volatility
FFVFX vs. SPY - Volatility Comparison
The current volatility for Fidelity Freedom 2015 Fund (FFVFX) is 1.48%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.85%. This indicates that FFVFX 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.
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