FIAFX vs. SPY
Compare and contrast key facts about Fidelity Advisor Freedom Income Fund Class I (FIAFX) and State Street 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.
Performance
FIAFX vs. SPY - Performance Comparison
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FIAFX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIAFX Fidelity Advisor Freedom Income Fund Class I | -0.65% | 10.07% | 4.29% | 8.05% | -11.40% | 3.13% | 8.79% | 11.10% | -1.80% | 7.30% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, FIAFX achieves a -0.65% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, FIAFX has underperformed SPY with an annualized return of 4.01%, while SPY has yielded a comparatively higher 13.98% annualized return.
FIAFX
- 1D
- 0.19%
- 1M
- -3.60%
- YTD
- -0.65%
- 6M
- 0.64%
- 1Y
- 6.98%
- 3Y*
- 5.97%
- 5Y*
- 2.48%
- 10Y*
- 4.01%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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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.
Return for Risk
FIAFX vs. SPY — Risk / Return Rank
FIAFX
SPY
FIAFX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Income Fund Class I (FIAFX) and State Street 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.
| FIAFX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 0.93 | +0.57 |
Sortino ratioReturn per unit of downside risk | 2.08 | 1.45 | +0.63 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.22 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.53 | +0.35 |
Martin ratioReturn relative to average drawdown | 7.96 | 7.30 | +0.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIAFX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 0.93 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.69 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.78 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.56 | +0.25 |
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.
Dividends
FIAFX vs. SPY - Dividend Comparison
FIAFX's dividend yield for the trailing twelve months is around 3.24%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIAFX Fidelity Advisor Freedom Income Fund Class I | 3.24% | 3.14% | 3.03% | 2.88% | 5.95% | 5.27% | 3.82% | 3.77% | 5.61% | 3.31% | 3.09% | 3.04% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FIAFX vs. SPY - Drawdown Comparison
The maximum FIAFX drawdown since its inception was -18.94%, 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.
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Drawdown Indicators
| FIAFX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.94% | -55.19% | +36.25% |
Max Drawdown (1Y)Largest decline over 1 year | -3.78% | -12.05% | +8.27% |
Max Drawdown (5Y)Largest decline over 5 years | -15.92% | -24.50% | +8.58% |
Max Drawdown (10Y)Largest decline over 10 years | -15.92% | -33.72% | +17.80% |
Current DrawdownCurrent decline from peak | -3.60% | -6.24% | +2.64% |
Average DrawdownAverage peak-to-trough decline | -2.11% | -9.09% | +6.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 2.52% | -1.63% |
Volatility
FIAFX vs. SPY - Volatility Comparison
The current volatility for Fidelity Advisor Freedom Income Fund Class I (FIAFX) is 2.13%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. 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.
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Volatility by Period
| FIAFX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.13% | 5.31% | -3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 9.47% | -6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.75% | 19.05% | -14.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.26% | 17.06% | -11.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.59% | 17.92% | -13.33% |