FHARX vs. SPYG
FHARX (Fidelity Freedom Blend 2040 Fund) and SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) are both funds - FHARX is a Target Retirement Date fund managed by Fidelity, while SPYG is a S&P 500 fund tracking the S&P 500 Growth Index. Over the past 5 years, FHARX returned 9.17%/yr vs 13.28%/yr for SPYG. Their correlation of 0.86 means they have usually moved in the same direction. FHARX charges 0.49%/yr vs 0.04%/yr for SPYG.
Performance
FHARX vs. SPYG - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FHARX having a 10.35% return and SPYG slightly lower at 10.06%.
FHARX
- 1D
- 2.01%
- 1M
- -1.07%
- 6M
- 6.96%
- YTD
- 10.35%
- 1Y
- 21.48%
- 3Y*
- 16.86%
- 5Y*
- 9.17%
- 10Y*
- —
- ALL TIME*
- 10.58%
SPYG
- 1D
- 1.45%
- 1M
- -0.05%
- 6M
- 9.50%
- YTD
- 10.06%
- 1Y
- 21.72%
- 3Y*
- 24.04%
- 5Y*
- 13.28%
- 10Y*
- 17.38%
- ALL TIME*
- 7.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $321.11M | $273.47M | $308.09M |
FHARX vs. SPYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHARX Fidelity Freedom Blend 2040 Fund | 10.35% | 21.06% | 15.55% | 19.98% | -19.04% | 16.24% | 17.79% | 26.54% | -14.70% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 10.06% | 22.09% | 35.99% | 30.02% | -29.41% | 32.01% | 33.46% | 30.84% | -13.93% |
Correlation
The correlation between FHARX and SPYG is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018 | 0.86 |
The correlation between FHARX and SPYG has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.
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Return for Risk
FHARX vs. SPYG — Risk / Return Rank
FHARX
SPYG
FHARX vs. SPYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2040 Fund (FHARX) and State Street 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FHARX | SPYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.19 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 1.42 | +0.89 |
| Martin ratioReturn relative to average drawdown | 9.58 | 5.17 | +4.42 |
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Drawdowns
FHARX vs. SPYG - Drawdown Comparison
The maximum FHARX drawdown since its inception was -31.37%, smaller than the maximum SPYG drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for FHARX and SPYG.
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Drawdown Indicators
| FHARX | SPYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.37% | -67.63% | +36.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -13.76% | +5.13% |
Max Drawdown (3Y)Largest decline over 3 years | -14.19% | -22.14% | +7.95% |
Max Drawdown (5Y)Largest decline over 5 years | -27.70% | -32.67% | +4.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.67% | — |
Current DrawdownCurrent decline from peak | -2.11% | -4.33% | +2.22% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -24.20% | +18.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 3.78% | -1.70% |
Volatility
FHARX vs. SPYG - Volatility Comparison
The current volatility for Fidelity Freedom Blend 2040 Fund (FHARX) is 3.81%, while State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 6.08%. 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.
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Volatility by Period
| FHARX | SPYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 6.08% | -2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 14.85% | -4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 18.18% | -5.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 21.50% | -6.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.56% | 20.79% | -4.23% |
FHARX vs. SPYG - Expense Ratio Comparison
FHARX has a 0.49% expense ratio, which is higher than SPYG's 0.04% expense ratio.
Dividends
FHARX vs. SPYG - Dividend Comparison
FHARX's dividend yield for the trailing twelve months is around 3.79%, more than SPYG's 0.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHARX Fidelity Freedom Blend 2040 Fund | 3.79% | 2.81% | 4.90% | 1.83% | 6.18% | 8.65% | 4.91% | 3.40% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 0.49% | 0.52% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% |
Frequently Asked Questions
FHARX and SPYG have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPYG has higher volatility (6.08%) compared to FHARX (3.81%). In terms of maximum drawdown, FHARX dropped -31.37% vs SPYG's -67.63%.
FHARX currently has the higher Sharpe Ratio (1.58 vs 1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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