FIPFX vs. SPY
Compare and contrast key facts about Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and State Street SPDR S&P 500 ETF (SPY).
FIPFX is managed by Fidelity. It was launched on Oct 2, 2009. 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
FIPFX vs. SPY - Performance Comparison
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FIPFX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIPFX Fidelity Freedom Index 2050 Fund Investor Class | -1.55% | 21.40% | 14.15% | 19.91% | -18.22% | 15.93% | 16.46% | 26.02% | -7.28% | 20.54% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 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, FIPFX achieves a -1.55% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, FIPFX has underperformed SPY with an annualized return of 10.68%, while SPY has yielded a comparatively higher 14.06% annualized return.
FIPFX
- 1D
- 2.70%
- 1M
- -5.46%
- YTD
- -1.55%
- 6M
- 1.03%
- 1Y
- 19.20%
- 3Y*
- 15.22%
- 5Y*
- 8.05%
- 10Y*
- 10.68%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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FIPFX vs. SPY - Expense Ratio Comparison
FIPFX has a 0.12% expense ratio, which is higher than SPY's 0.09% 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%.
Return for Risk
FIPFX vs. SPY — Risk / Return Rank
FIPFX
SPY
FIPFX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) 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.
| FIPFX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 0.96 | +0.33 |
Sortino ratioReturn per unit of downside risk | 1.87 | 1.49 | +0.38 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.53 | +0.29 |
Martin ratioReturn relative to average drawdown | 8.32 | 7.27 | +1.05 |
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
| FIPFX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 0.96 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.70 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.79 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.56 | +0.10 |
Correlation
The correlation between FIPFX and SPY 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.
Dividends
FIPFX vs. SPY - Dividend Comparison
FIPFX's dividend yield for the trailing twelve months is around 2.01%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPFX Fidelity Freedom Index 2050 Fund Investor Class | 2.01% | 1.97% | 2.00% | 1.94% | 2.02% | 1.93% | 1.95% | 15.16% | 2.28% | 2.05% | 2.09% | 2.00% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FIPFX vs. SPY - Drawdown Comparison
The maximum FIPFX drawdown since its inception was -30.71%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FIPFX and SPY.
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Drawdown Indicators
| FIPFX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.71% | -55.19% | +24.48% |
Max Drawdown (1Y)Largest decline over 1 year | -10.81% | -12.05% | +1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -26.20% | -24.50% | -1.70% |
Max Drawdown (10Y)Largest decline over 10 years | -30.71% | -33.72% | +3.01% |
Current DrawdownCurrent decline from peak | -6.51% | -5.53% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -9.09% | +4.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 2.54% | -0.17% |
Volatility
FIPFX vs. SPY - Volatility Comparison
Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) has a higher volatility of 5.83% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that FIPFX's price experiences larger fluctuations and is considered to be riskier 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
| FIPFX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 5.35% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.08% | 9.50% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.37% | 19.06% | -3.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.32% | 17.06% | -2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.12% | 17.92% | -2.80% |