FIPFX vs. SPXL
Compare and contrast key facts about Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
FIPFX is managed by Fidelity. It was launched on Oct 2, 2009. SPXL is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (300%). It was launched on Nov 5, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIPFX or SPXL.
Correlation
The correlation between FIPFX and SPXL is 0.96, 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
FIPFX vs. SPXL - Performance Comparison
Key characteristics
FIPFX:
1.70
SPXL:
1.93
FIPFX:
2.32
SPXL:
2.34
FIPFX:
1.31
SPXL:
1.32
FIPFX:
2.67
SPXL:
2.91
FIPFX:
9.58
SPXL:
11.09
FIPFX:
1.93%
SPXL:
6.59%
FIPFX:
10.90%
SPXL:
38.04%
FIPFX:
-37.17%
SPXL:
-76.86%
FIPFX:
-1.04%
SPXL:
-2.16%
Returns By Period
In the year-to-date period, FIPFX achieves a 3.04% return, which is significantly lower than SPXL's 9.54% return. Over the past 10 years, FIPFX has underperformed SPXL with an annualized return of 7.44%, while SPXL has yielded a comparatively higher 25.05% annualized return.
FIPFX
3.04%
2.03%
7.63%
18.05%
8.74%
7.44%
SPXL
9.54%
4.34%
30.61%
70.60%
22.19%
25.05%
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FIPFX vs. SPXL - Expense Ratio Comparison
FIPFX has a 0.12% expense ratio, which is lower than SPXL's 1.02% expense ratio.
Risk-Adjusted Performance
FIPFX vs. SPXL — Risk-Adjusted Performance Rank
FIPFX
SPXL
FIPFX vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and Direxion Daily S&P 500 Bull 3X Shares (SPXL). 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
FIPFX vs. SPXL - Dividend Comparison
FIPFX's dividend yield for the trailing twelve months is around 1.92%, more than SPXL's 0.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPFX Fidelity Freedom Index 2050 Fund Investor Class | 1.92% | 1.98% | 1.94% | 1.96% | 1.52% | 1.39% | 1.77% | 2.19% | 1.72% | 2.04% | 2.05% | 6.48% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.67% | 0.74% | 0.98% | 0.33% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% | 0.00% | 0.00% | 0.00% |
Drawdowns
FIPFX vs. SPXL - Drawdown Comparison
The maximum FIPFX drawdown since its inception was -37.17%, smaller than the maximum SPXL drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for FIPFX and SPXL. For additional features, visit the drawdowns tool.
Volatility
FIPFX vs. SPXL - Volatility Comparison
The current volatility for Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) is 3.25%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 12.14%. This indicates that FIPFX experiences smaller price fluctuations and is considered to be less risky than SPXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.