FIPFX vs. SPY
Compare and contrast key facts about Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIPFX or SPY.
Performance
FIPFX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, FIPFX achieves a 15.30% return, which is significantly lower than SPY's 25.41% return. Over the past 10 years, FIPFX has underperformed SPY with an annualized return of 7.14%, while SPY has yielded a comparatively higher 13.07% annualized return.
FIPFX
15.30%
-0.71%
6.66%
22.35%
6.70%
7.14%
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| FIPFX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.09 | 2.62 |
| Sortino Ratio | 2.89 | 3.50 |
| Omega Ratio | 1.38 | 1.49 |
| Calmar Ratio | 2.56 | 3.78 |
| Martin Ratio | 13.21 | 17.00 |
| Ulcer Index | 1.67% | 1.87% |
| Daily Std Dev | 10.56% | 12.14% |
| Max Drawdown | -37.17% | -55.19% |
| Current Drawdown | -1.80% | -1.38% |
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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%.
Correlation
The correlation between FIPFX and SPY is 0.95, 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.
Risk-Adjusted Performance
FIPFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) and 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.
Dividends
FIPFX vs. SPY - Dividend Comparison
FIPFX's dividend yield for the trailing twelve months is around 1.71%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPFX Fidelity Freedom Index 2050 Fund Investor Class | 1.71% | 1.94% | 1.96% | 1.52% | 1.39% | 1.77% | 2.19% | 1.72% | 2.04% | 2.00% | 3.26% | 0.10% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FIPFX vs. SPY - Drawdown Comparison
The maximum FIPFX drawdown since its inception was -37.17%, 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. For additional features, visit the drawdowns tool.
Volatility
FIPFX vs. SPY - Volatility Comparison
The current volatility for Fidelity Freedom Index 2050 Fund Investor Class (FIPFX) is 2.94%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.09%. This indicates that FIPFX 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.