FHARX vs. SPYG
Compare and contrast key facts about Fidelity Freedom Blend 2040 Fund (FHARX) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
FHARX is managed by Fidelity. It was launched on Aug 31, 2018. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHARX or SPYG.
Key characteristics
| FHARX | SPYG | |
|---|---|---|
| YTD Return | 15.42% | 32.83% |
| 1Y Return | 26.83% | 42.99% |
| 3Y Return (Ann) | 0.80% | 7.39% |
| 5Y Return (Ann) | 6.59% | 17.81% |
| Sharpe Ratio | 2.50 | 2.57 |
| Sortino Ratio | 3.52 | 3.30 |
| Omega Ratio | 1.46 | 1.47 |
| Calmar Ratio | 1.35 | 2.65 |
| Martin Ratio | 16.06 | 13.63 |
| Ulcer Index | 1.67% | 3.20% |
| Daily Std Dev | 10.74% | 16.99% |
| Max Drawdown | -32.57% | -67.79% |
| Current Drawdown | -0.61% | 0.00% |
Correlation
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.
Performance
FHARX vs. SPYG - Performance Comparison
In the year-to-date period, FHARX achieves a 15.42% return, which is significantly lower than SPYG's 32.83% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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.
Dividends
FHARX vs. SPYG - Dividend Comparison
FHARX's dividend yield for the trailing twelve months is around 1.46%, more than SPYG's 0.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHARX Fidelity Freedom Blend 2040 Fund | 1.46% | 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 | 0.66% | 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.
Volatility
FHARX vs. SPYG - Volatility Comparison
The current volatility for Fidelity Freedom Blend 2040 Fund (FHARX) is 2.72%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 5.06%. 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.