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.
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.
Performance
FIPFX vs. SPY - Performance Comparison
Key characteristics
FIPFX:
1.70
SPY:
2.14
FIPFX:
2.32
SPY:
2.84
FIPFX:
1.31
SPY:
1.40
FIPFX:
2.67
SPY:
3.25
FIPFX:
9.58
SPY:
13.58
FIPFX:
1.93%
SPY:
2.01%
FIPFX:
10.90%
SPY:
12.77%
FIPFX:
-37.17%
SPY:
-55.19%
FIPFX:
-1.04%
SPY:
0.00%
Returns By Period
In the year-to-date period, FIPFX achieves a 3.04% return, which is significantly lower than SPY's 3.47% return. Over the past 10 years, FIPFX has underperformed SPY with an annualized return of 7.44%, while SPY has yielded a comparatively higher 13.45% annualized return.
FIPFX
3.04%
2.03%
7.63%
18.05%
8.74%
7.44%
SPY
3.47%
1.98%
12.77%
26.68%
14.81%
13.45%
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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%.
Risk-Adjusted Performance
FIPFX vs. SPY — Risk-Adjusted Performance Rank
FIPFX
SPY
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 1.92%, more than SPY's 1.17% 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% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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 3.25%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.10%. 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.