FVTKX vs. SPY
Compare and contrast key facts about Fidelity Freedom 2060 Fund Class K6 (FVTKX) and SPDR S&P 500 ETF (SPY).
FVTKX is managed by Fidelity. It was launched on Aug 5, 2014. 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: FVTKX or SPY.
Correlation
The correlation between FVTKX 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
FVTKX vs. SPY - Performance Comparison
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Key characteristics
FVTKX:
0.51
SPY:
0.66
FVTKX:
0.88
SPY:
1.12
FVTKX:
1.12
SPY:
1.17
FVTKX:
0.59
SPY:
0.75
FVTKX:
2.53
SPY:
2.92
FVTKX:
3.58%
SPY:
4.86%
FVTKX:
16.53%
SPY:
20.32%
FVTKX:
-30.95%
SPY:
-55.19%
FVTKX:
-3.32%
SPY:
-4.60%
Returns By Period
In the year-to-date period, FVTKX achieves a 2.62% return, which is significantly higher than SPY's -0.23% return.
FVTKX
2.62%
7.06%
-0.91%
8.36%
13.59%
N/A
SPY
-0.23%
9.19%
-2.01%
13.36%
17.44%
12.59%
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FVTKX vs. SPY - Expense Ratio Comparison
FVTKX has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FVTKX vs. SPY — Risk-Adjusted Performance Rank
FVTKX
SPY
FVTKX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2060 Fund Class K6 (FVTKX) 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
FVTKX vs. SPY - Dividend Comparison
FVTKX's dividend yield for the trailing twelve months is around 1.64%, more than SPY's 1.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVTKX Fidelity Freedom 2060 Fund Class K6 | 1.64% | 1.69% | 1.53% | 2.30% | 2.45% | 1.21% | 1.70% | 1.88% | 1.23% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.23% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FVTKX vs. SPY - Drawdown Comparison
The maximum FVTKX drawdown since its inception was -30.95%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FVTKX and SPY. For additional features, visit the drawdowns tool.
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Volatility
FVTKX vs. SPY - Volatility Comparison
The current volatility for Fidelity Freedom 2060 Fund Class K6 (FVTKX) is 4.17%, while SPDR S&P 500 ETF (SPY) has a volatility of 6.39%. This indicates that FVTKX 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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