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.
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
Key characteristics
FXIFX:
1.56
SPY:
2.20
FXIFX:
2.19
SPY:
2.91
FXIFX:
1.28
SPY:
1.41
FXIFX:
1.84
SPY:
3.35
FXIFX:
7.90
SPY:
13.99
FXIFX:
1.58%
SPY:
2.01%
FXIFX:
7.97%
SPY:
12.79%
FXIFX:
-31.99%
SPY:
-55.19%
FXIFX:
-2.63%
SPY:
-1.35%
Returns By Period
In the year-to-date period, FXIFX achieves a 1.04% return, which is significantly lower than SPY's 1.96% return. Over the past 10 years, FXIFX has underperformed SPY with an annualized return of 5.24%, while SPY has yielded a comparatively higher 13.44% annualized return.
FXIFX
1.04%
0.47%
2.59%
11.43%
5.26%
5.24%
SPY
1.96%
2.27%
9.55%
27.02%
14.23%
13.44%
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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 Rank
FXIFX
SPY
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 2.40%, more than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXIFX Fidelity Freedom Index 2030 Fund Investor Class | 2.40% | 2.42% | 2.26% | 2.22% | 1.53% | 1.41% | 1.92% | 2.19% | 1.76% | 1.90% | 2.10% | 6.61% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FXIFX vs. SPY - Drawdown Comparison
The maximum FXIFX drawdown since its inception was -31.99%, 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 3.09%, while SPDR S&P 500 ETF (SPY) has a volatility of 5.10%. 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.