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:
1.28
SPY:
0.30
FIAFX:
1.87
SPY:
0.56
FIAFX:
1.24
SPY:
1.08
FIAFX:
0.68
SPY:
0.31
FIAFX:
5.36
SPY:
1.40
FIAFX:
1.20%
SPY:
4.18%
FIAFX:
5.05%
SPY:
19.64%
FIAFX:
-21.59%
SPY:
-55.19%
FIAFX:
-3.68%
SPY:
-13.86%
Returns By Period
In the year-to-date period, FIAFX achieves a 1.16% return, which is significantly higher than SPY's -9.91% return. Over the past 10 years, FIAFX has underperformed SPY with an annualized return of 1.34%, while SPY has yielded a comparatively higher 11.59% annualized return.
FIAFX
1.16%
-1.53%
-0.72%
6.46%
1.37%
1.34%
SPY
-9.91%
-6.90%
-9.38%
6.72%
14.62%
11.59%
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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 Rank
FIAFX
SPY
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 2.96%, more than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIAFX Fidelity Advisor Freedom Income Fund Class I | 2.96% | 3.03% | 2.88% | 3.32% | 2.28% | 1.25% | 1.98% | 2.08% | 1.64% | 1.70% | 2.94% | 5.76% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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 2.61%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.52%. 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.