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FHARX vs. SPYG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FHARX vs. SPYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Blend 2040 Fund (FHARX) and SPDR Portfolio S&P 500 Growth ETF (SPYG). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
6.53%
15.23%
FHARX
SPYG

Returns By Period

In the year-to-date period, FHARX achieves a 14.71% return, which is significantly lower than SPYG's 33.26% return.


FHARX

YTD

14.71%

1M

-0.31%

6M

6.53%

1Y

21.48%

5Y (annualized)

6.40%

10Y (annualized)

N/A

SPYG

YTD

33.26%

1M

1.72%

6M

15.23%

1Y

37.95%

5Y (annualized)

17.62%

10Y (annualized)

14.92%

Key characteristics


FHARXSPYG
Sharpe Ratio2.042.25
Sortino Ratio2.872.93
Omega Ratio1.371.41
Calmar Ratio1.322.88
Martin Ratio12.7211.92
Ulcer Index1.71%3.21%
Daily Std Dev10.62%17.04%
Max Drawdown-32.57%-67.79%
Current Drawdown-1.68%-1.47%

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FHARX vs. SPYG - Expense Ratio Comparison

FHARX has a 0.49% expense ratio, which is higher than SPYG's 0.04% expense ratio.


FHARX
Fidelity Freedom Blend 2040 Fund
Expense ratio chart for FHARX: current value at 0.49% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.49%
Expense ratio chart for SPYG: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%

Correlation

-0.50.00.51.00.9

The correlation between FHARX and SPYG is 0.86, 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.

Risk-Adjusted Performance

FHARX vs. SPYG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2040 Fund (FHARX) and SPDR Portfolio S&P 500 Growth ETF (SPYG). 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.


Sharpe ratio
The chart of Sharpe ratio for FHARX, currently valued at 2.04, compared to the broader market-1.000.001.002.003.004.005.002.042.25
The chart of Sortino ratio for FHARX, currently valued at 2.87, compared to the broader market0.005.0010.002.872.93
The chart of Omega ratio for FHARX, currently valued at 1.37, compared to the broader market1.002.003.004.001.371.41
The chart of Calmar ratio for FHARX, currently valued at 1.32, compared to the broader market0.005.0010.0015.0020.001.322.88
The chart of Martin ratio for FHARX, currently valued at 12.72, compared to the broader market0.0020.0040.0060.0080.00100.0012.7211.92
FHARX
SPYG

The current FHARX Sharpe Ratio is 2.04, which is comparable to the SPYG Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of FHARX and SPYG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.04
2.25
FHARX
SPYG

Dividends

FHARX vs. SPYG - Dividend Comparison

FHARX's dividend yield for the trailing twelve months is around 1.47%, more than SPYG's 0.65% yield.


TTM20232022202120202019201820172016201520142013
FHARX
Fidelity Freedom Blend 2040 Fund
1.47%1.67%2.38%2.49%1.18%1.74%1.69%0.00%0.00%0.00%0.00%0.00%
SPYG
SPDR Portfolio S&P 500 Growth ETF
0.65%1.15%1.03%0.62%0.90%1.36%1.51%1.41%1.55%1.57%1.37%1.42%

Drawdowns

FHARX vs. SPYG - Drawdown Comparison

The maximum FHARX drawdown since its inception was -32.57%, smaller than the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for FHARX and SPYG. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.68%
-1.47%
FHARX
SPYG

Volatility

FHARX vs. SPYG - Volatility Comparison

The current volatility for Fidelity Freedom Blend 2040 Fund (FHARX) is 2.85%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 5.32%. This indicates that FHARX experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
2.85%
5.32%
FHARX
SPYG