FXIFX vs. SPY
Compare and contrast key facts about Fidelity Freedom Index 2030 Fund Investor Class (FXIFX) and SPDR S&P 500 ETF (SPY).
FXIFX 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: FXIFX or SPY.
Key characteristics
| FXIFX | SPY | |
|---|---|---|
| YTD Return | 10.44% | 26.01% |
| 1Y Return | 17.70% | 33.73% |
| 3Y Return (Ann) | 1.91% | 9.91% |
| 5Y Return (Ann) | 6.66% | 15.54% |
| 10Y Return (Ann) | 6.99% | 13.25% |
| Sharpe Ratio | 2.25 | 2.82 |
| Sortino Ratio | 3.25 | 3.76 |
| Omega Ratio | 1.42 | 1.53 |
| Calmar Ratio | 1.66 | 4.05 |
| Martin Ratio | 13.94 | 18.33 |
| Ulcer Index | 1.26% | 1.86% |
| Daily Std Dev | 7.80% | 12.07% |
| Max Drawdown | -23.90% | -55.19% |
| Current Drawdown | -1.65% | -0.90% |
Correlation
The correlation between FXIFX and SPY is 0.94, 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
FXIFX vs. SPY - Performance Comparison
In the year-to-date period, FXIFX achieves a 10.44% return, which is significantly lower than SPY's 26.01% return. Over the past 10 years, FXIFX has underperformed SPY with an annualized return of 6.99%, while SPY has yielded a comparatively higher 13.25% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FXIFX vs. SPY - Expense Ratio Comparison
FXIFX 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
FXIFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2030 Fund Investor Class (FXIFX) 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
FXIFX vs. SPY - Dividend Comparison
FXIFX's dividend yield for the trailing twelve months is around 2.09%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXIFX Fidelity Freedom Index 2030 Fund Investor Class | 2.09% | 2.26% | 2.22% | 1.53% | 1.41% | 1.92% | 2.19% | 1.76% | 1.90% | 2.02% | 4.87% | 0.26% |
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
FXIFX vs. SPY - Drawdown Comparison
The maximum FXIFX drawdown since its inception was -23.90%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FXIFX and SPY. For additional features, visit the drawdowns tool.
Volatility
FXIFX vs. SPY - Volatility Comparison
The current volatility for Fidelity Freedom Index 2030 Fund Investor Class (FXIFX) is 2.09%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.84%. This indicates that FXIFX 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.