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.
Key characteristics
FIAFX | SPY | |
---|---|---|
YTD Return | 6.67% | 20.89% |
1Y Return | 12.17% | 31.53% |
3Y Return (Ann) | 0.81% | 11.11% |
5Y Return (Ann) | 3.22% | 15.61% |
10Y Return (Ann) | 3.64% | 13.08% |
Sharpe Ratio | 2.32 | 2.39 |
Daily Std Dev | 5.24% | 12.70% |
Max Drawdown | -21.59% | -55.19% |
Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FIAFX and SPY is 0.72, 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
In the year-to-date period, FIAFX achieves a 6.67% return, which is significantly lower than SPY's 20.89% return. Over the past 10 years, FIAFX has underperformed SPY with an annualized return of 3.64%, while SPY has yielded a comparatively higher 13.08% annualized 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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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 2.99%, more than SPY's 0.92% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Fidelity Advisor Freedom Income Fund Class I | 2.99% | 2.88% | 5.95% | 5.27% | 3.82% | 3.77% | 5.75% | 4.00% | 3.09% | 3.66% | 5.76% | 4.35% |
SPDR S&P 500 ETF | 0.92% | 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 1.16%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.18%. 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.