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.
Correlation
The correlation between FJTKX and SPY is 0.92, 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
FJTKX vs. SPY - Performance Comparison
Key characteristics
FJTKX:
1.41
SPY:
2.21
FJTKX:
1.97
SPY:
2.93
FJTKX:
1.26
SPY:
1.41
FJTKX:
0.90
SPY:
3.26
FJTKX:
8.53
SPY:
14.40
FJTKX:
1.90%
SPY:
1.90%
FJTKX:
11.49%
SPY:
12.44%
FJTKX:
-35.59%
SPY:
-55.19%
FJTKX:
-3.48%
SPY:
-1.83%
Returns By Period
In the year-to-date period, FJTKX achieves a 15.32% return, which is significantly lower than SPY's 26.72% return.
FJTKX
15.32%
-1.21%
4.61%
16.12%
4.27%
N/A
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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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 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.
Dividends
FJTKX vs. SPY - Dividend Comparison
FJTKX's dividend yield for the trailing twelve months is around 1.34%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FJTKX Fidelity Freedom 2045 Fund Class K6 | 1.34% | 1.54% | 2.34% | 2.52% | 1.23% | 1.70% | 2.07% | 1.30% | 0.00% | 0.00% | 0.00% | 0.00% |
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
FJTKX vs. SPY - Drawdown Comparison
The maximum FJTKX drawdown since its inception was -35.59%, 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. For additional features, visit the drawdowns tool.
Volatility
FJTKX vs. SPY - Volatility Comparison
The current volatility for Fidelity Freedom 2045 Fund Class K6 (FJTKX) is 3.34%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.83%. 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.