FHBZX vs. SPHD
Compare and contrast key facts about Fidelity Freedom Blend Income Fund (FHBZX) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
FHBZX is managed by Fidelity. It was launched on Aug 31, 2018. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHBZX or SPHD.
Correlation
The correlation between FHBZX and SPHD is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FHBZX vs. SPHD - Performance Comparison
Key characteristics
FHBZX:
1.60
SPHD:
2.19
FHBZX:
2.31
SPHD:
3.04
FHBZX:
1.29
SPHD:
1.40
FHBZX:
0.87
SPHD:
2.42
FHBZX:
5.91
SPHD:
8.51
FHBZX:
1.23%
SPHD:
2.79%
FHBZX:
4.53%
SPHD:
10.85%
FHBZX:
-17.87%
SPHD:
-41.39%
FHBZX:
-1.48%
SPHD:
-4.48%
Returns By Period
In the year-to-date period, FHBZX achieves a 2.16% return, which is significantly higher than SPHD's 2.03% return.
FHBZX
2.16%
2.06%
1.63%
6.82%
1.33%
N/A
SPHD
2.03%
2.82%
3.81%
21.32%
6.99%
8.29%
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FHBZX vs. SPHD - Expense Ratio Comparison
FHBZX has a 0.41% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Risk-Adjusted Performance
FHBZX vs. SPHD — Risk-Adjusted Performance Rank
FHBZX
SPHD
FHBZX vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend Income Fund (FHBZX) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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
FHBZX vs. SPHD - Dividend Comparison
FHBZX's dividend yield for the trailing twelve months is around 2.98%, less than SPHD's 3.32% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHBZX Fidelity Freedom Blend Income Fund | 2.98% | 3.03% | 2.85% | 3.19% | 2.17% | 1.03% | 1.70% | 1.01% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.32% | 3.41% | 4.48% | 3.89% | 3.46% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% |
Drawdowns
FHBZX vs. SPHD - Drawdown Comparison
The maximum FHBZX drawdown since its inception was -17.87%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for FHBZX and SPHD. For additional features, visit the drawdowns tool.
Volatility
FHBZX vs. SPHD - Volatility Comparison
The current volatility for Fidelity Freedom Blend Income Fund (FHBZX) is 1.15%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 3.30%. This indicates that FHBZX experiences smaller price fluctuations and is considered to be less risky than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.