Correlation
The correlation between FJTKX and SPY is 0.93, 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.
FJTKX vs. SPY
Compare and contrast key facts about Fidelity Freedom 2045 Fund Class K6 (FJTKX) and SPDR S&P 500 ETF (SPY).
FJTKX is managed by Fidelity. It was launched on Jun 1, 2006. 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: FJTKX or SPY.
Performance
FJTKX vs. SPY - Performance Comparison
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Key characteristics
FJTKX:
0.64
SPY:
0.57
FJTKX:
0.92
SPY:
0.87
FJTKX:
1.13
SPY:
1.13
FJTKX:
0.63
SPY:
0.55
FJTKX:
2.69
SPY:
2.11
FJTKX:
3.58%
SPY:
4.91%
FJTKX:
16.66%
SPY:
20.35%
FJTKX:
-30.91%
SPY:
-55.19%
FJTKX:
-1.36%
SPY:
-5.23%
Returns By Period
In the year-to-date period, FJTKX achieves a 5.50% return, which is significantly higher than SPY's -0.89% return.
FJTKX
5.50%
5.42%
2.64%
9.81%
12.44%
13.34%
N/A
SPY
-0.89%
5.17%
-2.46%
10.77%
15.38%
16.09%
12.57%
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FJTKX vs. SPY - Expense Ratio Comparison
FJTKX has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FJTKX vs. SPY — Risk-Adjusted Performance Rank
FJTKX
SPY
FJTKX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2045 Fund Class K6 (FJTKX) 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.
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Dividends
FJTKX vs. SPY - Dividend Comparison
FJTKX's dividend yield for the trailing twelve months is around 4.63%, more than SPY's 1.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FJTKX Fidelity Freedom 2045 Fund Class K6 | 4.63% | 2.45% | 2.12% | 12.41% | 12.28% | 5.27% | 6.82% | 8.35% | 2.90% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.24% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FJTKX vs. SPY - Drawdown Comparison
The maximum FJTKX drawdown since its inception was -30.91%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FJTKX and SPY.
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Volatility
FJTKX vs. SPY - Volatility Comparison
The current volatility for Fidelity Freedom 2045 Fund Class K6 (FJTKX) is 3.11%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.45%. This indicates that FJTKX 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.
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