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.
Key characteristics
| FIKFX | SPYG | |
|---|---|---|
| YTD Return | 5.84% | 35.08% |
| 1Y Return | 11.72% | 43.90% |
| 3Y Return (Ann) | 0.42% | 8.15% |
| 5Y Return (Ann) | 1.46% | 18.14% |
| 10Y Return (Ann) | 2.53% | 15.26% |
| Sharpe Ratio | 2.58 | 2.73 |
| Sortino Ratio | 3.97 | 3.47 |
| Omega Ratio | 1.50 | 1.50 |
| Calmar Ratio | 1.21 | 3.09 |
| Martin Ratio | 14.86 | 14.48 |
| Ulcer Index | 0.79% | 3.20% |
| Daily Std Dev | 4.54% | 16.97% |
| Max Drawdown | -15.37% | -67.79% |
| Current Drawdown | -1.14% | -0.13% |
Correlation
The correlation between FIKFX and SPYG is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FIKFX vs. SPYG - Performance Comparison
In the year-to-date period, FIKFX achieves a 5.84% return, which is significantly lower than SPYG's 35.08% return. Over the past 10 years, FIKFX has underperformed SPYG with an annualized return of 2.53%, while SPYG has yielded a comparatively higher 15.26% 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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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 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 3.27%, more than SPYG's 0.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKFX Fidelity Freedom Index Income Fund Investor Class | 3.27% | 2.85% | 2.86% | 1.43% | 1.25% | 2.06% | 2.05% | 1.53% | 1.53% | 1.89% | 2.83% | 1.23% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.65% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% | 1.42% |
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 1.16%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 5.23%. 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.