FIKFX vs. SPYG
Compare and contrast key facts about Fidelity Freedom Index Income Fund Investor Class (FIKFX) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
FIKFX is managed by Fidelity. It was launched on Oct 2, 2009. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIKFX or SPYG.
Correlation
The correlation between FIKFX and SPYG is 0.70, 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
FIKFX vs. SPYG - Performance Comparison
Key characteristics
FIKFX:
1.40
SPYG:
0.67
FIKFX:
2.02
SPYG:
1.06
FIKFX:
1.26
SPYG:
1.15
FIKFX:
1.22
SPYG:
0.75
FIKFX:
6.29
SPYG:
2.66
FIKFX:
1.04%
SPYG:
6.24%
FIKFX:
4.69%
SPYG:
24.86%
FIKFX:
-15.37%
SPYG:
-67.79%
FIKFX:
-1.59%
SPYG:
-12.90%
Returns By Period
In the year-to-date period, FIKFX achieves a 0.88% return, which is significantly higher than SPYG's -8.45% return. Over the past 10 years, FIKFX has underperformed SPYG with an annualized return of 2.18%, while SPYG has yielded a comparatively higher 13.69% annualized return.
FIKFX
0.88%
-1.09%
0.34%
6.38%
2.17%
2.18%
SPYG
-8.45%
-4.90%
-4.07%
14.76%
16.20%
13.69%
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FIKFX vs. SPYG - Expense Ratio Comparison
FIKFX has a 0.12% expense ratio, which is higher than SPYG's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FIKFX vs. SPYG — Risk-Adjusted Performance Rank
FIKFX
SPYG
FIKFX vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index Income Fund Investor Class (FIKFX) and SPDR Portfolio S&P 500 Growth ETF (SPYG). 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
FIKFX vs. SPYG - Dividend Comparison
FIKFX's dividend yield for the trailing twelve months is around 2.99%, more than SPYG's 0.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKFX Fidelity Freedom Index Income Fund Investor Class | 2.99% | 3.13% | 2.85% | 2.86% | 1.43% | 1.25% | 2.06% | 2.05% | 1.53% | 1.53% | 1.89% | 2.83% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.67% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% |
Drawdowns
FIKFX vs. SPYG - Drawdown Comparison
The maximum FIKFX drawdown since its inception was -15.37%, smaller than the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for FIKFX and SPYG. For additional features, visit the drawdowns tool.
Volatility
FIKFX vs. SPYG - Volatility Comparison
The current volatility for Fidelity Freedom Index Income Fund Investor Class (FIKFX) is 2.57%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 16.41%. This indicates that FIKFX experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.