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.
Correlation
The correlation between FHARX and SPYG is 0.93, 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
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Key characteristics
FHARX:
0.54
SPYG:
0.79
FHARX:
0.92
SPYG:
1.25
FHARX:
1.13
SPYG:
1.18
FHARX:
0.63
SPYG:
0.91
FHARX:
2.64
SPYG:
3.06
FHARX:
3.38%
SPYG:
6.59%
FHARX:
15.32%
SPYG:
25.08%
FHARX:
-32.57%
SPYG:
-67.79%
FHARX:
-1.84%
SPYG:
-5.37%
Returns By Period
In the year-to-date period, FHARX achieves a 3.56% return, which is significantly higher than SPYG's -0.54% return.
FHARX
3.56%
7.93%
-0.51%
8.26%
9.93%
N/A
SPYG
-0.54%
11.51%
0.13%
19.69%
17.76%
14.60%
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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 Rank
FHARX
SPYG
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.
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Dividends
FHARX vs. SPYG - Dividend Comparison
FHARX's dividend yield for the trailing twelve months is around 1.63%, more than SPYG's 0.62% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHARX Fidelity Freedom Blend 2040 Fund | 1.63% | 1.71% | 1.67% | 2.38% | 2.49% | 1.18% | 1.74% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.62% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% |
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.
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Volatility
FHARX vs. SPYG - Volatility Comparison
The current volatility for Fidelity Freedom Blend 2040 Fund (FHARX) is 3.92%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 7.64%. 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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