FQIFX vs. SPY
Compare and contrast key facts about Fidelity Freedom Index 2025 Fund Investor Class (FQIFX) and SPDR S&P 500 ETF (SPY).
FQIFX 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: FQIFX or SPY.
Key characteristics
| FQIFX | SPY | |
|---|---|---|
| YTD Return | 10.73% | 26.49% |
| 1Y Return | 19.70% | 38.06% |
| 3Y Return (Ann) | 1.47% | 9.93% |
| 5Y Return (Ann) | 6.12% | 15.84% |
| 10Y Return (Ann) | 6.45% | 13.32% |
| Sharpe Ratio | 2.67 | 3.11 |
| Sortino Ratio | 3.94 | 4.14 |
| Omega Ratio | 1.50 | 1.58 |
| Calmar Ratio | 1.49 | 4.54 |
| Martin Ratio | 16.69 | 20.57 |
| Ulcer Index | 1.19% | 1.86% |
| Daily Std Dev | 7.46% | 12.29% |
| Max Drawdown | -22.66% | -55.19% |
| Current Drawdown | -0.61% | 0.00% |
Correlation
The correlation between FQIFX 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.
Performance
FQIFX vs. SPY - Performance Comparison
In the year-to-date period, FQIFX achieves a 10.73% return, which is significantly lower than SPY's 26.49% return. Over the past 10 years, FQIFX has underperformed SPY with an annualized return of 6.45%, while SPY has yielded a comparatively higher 13.32% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FQIFX vs. SPY - Expense Ratio Comparison
FQIFX 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
FQIFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2025 Fund Investor Class (FQIFX) 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
FQIFX vs. SPY - Dividend Comparison
FQIFX's dividend yield for the trailing twelve months is around 2.18%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FQIFX Fidelity Freedom Index 2025 Fund Investor Class | 2.18% | 2.37% | 2.47% | 1.51% | 1.37% | 1.88% | 2.14% | 1.73% | 1.83% | 1.93% | 6.75% | 0.27% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FQIFX vs. SPY - Drawdown Comparison
The maximum FQIFX drawdown since its inception was -22.66%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FQIFX and SPY. For additional features, visit the drawdowns tool.
Volatility
FQIFX vs. SPY - Volatility Comparison
The current volatility for Fidelity Freedom Index 2025 Fund Investor Class (FQIFX) is 1.89%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.95%. This indicates that FQIFX 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.