FIAFX vs. SPY
Compare and contrast key facts about Fidelity Advisor Freedom Income Fund Class I (FIAFX) and SPDR S&P 500 ETF (SPY).
FIAFX is managed by Fidelity. It was launched on Jul 24, 2003. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIAFX or SPY.
Correlation
The correlation between FIAFX and SPY is 0.71, 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
FIAFX vs. SPY - Performance Comparison
Key characteristics
FIAFX:
1.01
SPY:
2.21
FIAFX:
1.45
SPY:
2.93
FIAFX:
1.18
SPY:
1.41
FIAFX:
0.48
SPY:
3.26
FIAFX:
4.61
SPY:
14.40
FIAFX:
1.02%
SPY:
1.90%
FIAFX:
4.67%
SPY:
12.44%
FIAFX:
-21.59%
SPY:
-55.19%
FIAFX:
-4.77%
SPY:
-1.83%
Returns By Period
In the year-to-date period, FIAFX achieves a 4.30% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, FIAFX has underperformed SPY with an annualized return of 1.51%, while SPY has yielded a comparatively higher 13.04% annualized return.
FIAFX
4.30%
-0.58%
1.74%
4.71%
0.51%
1.51%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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FIAFX vs. SPY - Expense Ratio Comparison
FIAFX has a 0.47% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FIAFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Income Fund Class I (FIAFX) and SPDR S&P 500 ETF (SPY). 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
FIAFX vs. SPY - Dividend Comparison
FIAFX's dividend yield for the trailing twelve months is around 3.20%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIAFX Fidelity Advisor Freedom Income Fund Class I | 3.20% | 2.88% | 3.32% | 2.28% | 1.25% | 1.98% | 2.08% | 1.64% | 1.70% | 2.94% | 5.76% | 4.35% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FIAFX vs. SPY - Drawdown Comparison
The maximum FIAFX drawdown since its inception was -21.59%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FIAFX and SPY. For additional features, visit the drawdowns tool.
Volatility
FIAFX vs. SPY - Volatility Comparison
The current volatility for Fidelity Advisor Freedom Income Fund Class I (FIAFX) is 1.45%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.83%. This indicates that FIAFX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.