FXIFX vs. SPYD

Last updated Jun 4, 2026

FXIFX (Fidelity Freedom Index 2030 Fund Investor Class) and SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) are both funds - FXIFX is a Target Retirement Date fund managed by Fidelity, while SPYD is a S&P 500 fund tracking the S&P 500 High Dividend Index. Over the past 10 years, FXIFX returned 9.08%/yr vs 8.59%/yr for SPYD. A 0.69 correlation means they provide meaningful diversification when combined. FXIFX charges 0.12%/yr vs 0.07%/yr for SPYD.

Performance

FXIFX vs. SPYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2030 Fund Investor Class (FXIFX) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FXIFX achieves a 8.03% return, which is significantly lower than SPYD's 10.34% return. Over the past 10 years, FXIFX has outperformed SPYD with an annualized return of 9.08%, while SPYD has yielded a comparatively lower 8.59% annualized return.

FXIFX

• 1D: 0.29%
• 1M: 3.63%
• YTD: 8.03%
• 6M: 8.45%
• 1Y: 19.48%
• 3Y*: 13.74%
• 5Y*: 6.57%
• 10Y*: 9.08%

SPYD

• 1D: -0.44%
• 1M: 1.57%
• YTD: 10.34%
• 6M: 10.97%
• 1Y: 16.38%
• 3Y*: 14.37%
• 5Y*: 6.76%
• 10Y*: 8.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FXIFX vs. SPYD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FXIFX Fidelity Freedom Index 2030 Fund Investor Class	8.03%	15.89%	9.50%	15.10%	-16.55%	10.84%	14.34%	22.07%	-5.64%	18.05%
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF	10.34%	4.65%	15.34%	3.91%	-1.17%	32.73%	-11.64%	21.20%	-4.89%	12.67%

Correlation

The correlation between FXIFX and SPYD is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Oct 23, 2015	0.69

Over the past year, the correlation between FXIFX and SPYD has dropped to 0.45 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

Return for Risk

FXIFX vs. SPYD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FXIFX

FXIFX Risk / Return Rank: 70
FXIFX Sharpe Ratio Rank: 73
FXIFX Sortino Ratio Rank: 73
FXIFX Omega Ratio Rank: 71
FXIFX Calmar Ratio Rank: 64
FXIFX Martin Ratio Rank: 70

SPYD

SPYD Risk / Return Rank: 41
SPYD Sharpe Ratio Rank: 39
SPYD Sortino Ratio Rank: 42
SPYD Omega Ratio Rank: 36
SPYD Calmar Ratio Rank: 46
SPYD Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FXIFX vs. SPYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2030 Fund Investor Class (FXIFX) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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.

	FXIFX	SPYD	Difference
Sharpe ratio: Return per unit of total volatility	2.48	1.42	+1.07
Sortino ratio: Return per unit of downside risk	3.54	2.15	+1.39
Omega ratio: Gain probability vs. loss probability	1.47	1.24	+0.23
Calmar ratio: Return relative to maximum drawdown	3.07	2.33	+0.74
Martin ratio: Return relative to average drawdown	13.50	6.77	+6.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FXIFX vs. SPYD - Sharpe Ratio Comparison

The current FXIFX Sharpe Ratio is 2.48, which is higher than the SPYD Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of FXIFX and SPYD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FXIFX	SPYD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	1.42	+1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.42	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.44	+0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.47	+0.28

Drawdowns

FXIFX vs. SPYD - Drawdown Comparison

The maximum FXIFX drawdown since its inception was -23.90%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for FXIFX and SPYD.

Drawdown Indicators

	FXIFX	SPYD	Difference
Max Drawdown Largest peak-to-trough decline	-23.90%	-46.42%	+22.52%
Max Drawdown (1Y) Largest decline over 1 year	-6.42%	-7.05%	+0.63%
Max Drawdown (3Y) Largest decline over 3 years	-9.41%	-16.13%	+6.72%
Max Drawdown (5Y) Largest decline over 5 years	-23.28%	-22.25%	-1.03%
Max Drawdown (10Y) Largest decline over 10 years	-23.90%	-46.42%	+22.52%
Current Drawdown Current decline from peak	0.00%	-1.11%	+1.11%
Average Drawdown Average peak-to-trough decline	-3.61%	-6.17%	+2.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.46%	2.43%	-0.97%

Volatility

FXIFX vs. SPYD - Volatility Comparison

Fidelity Freedom Index 2030 Fund Investor Class (FXIFX) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) have volatilities of 2.66% and 2.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FXIFX	SPYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	2.57%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	6.49%	7.71%	-1.22%
Volatility (1Y) Calculated over the trailing 1-year period	7.94%	11.62%	-3.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.34%	16.13%	-5.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.24%	19.78%	-8.54%

FXIFX vs. SPYD - Expense Ratio Comparison

FXIFX has a 0.12% expense ratio, which is higher than SPYD's 0.07% 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%.

Dividends

FXIFX vs. SPYD - Dividend Comparison

FXIFX's dividend yield for the trailing twelve months is around 3.03%, less than SPYD's 4.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXIFX Fidelity Freedom Index 2030 Fund Investor Class	3.03%	3.34%	2.67%	2.26%	2.69%	2.13%	2.40%	16.73%	2.13%	1.84%	1.94%	2.02%
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF	4.21%	4.52%	4.31%	4.66%	5.01%	3.68%	4.95%	4.42%	4.75%	4.63%	4.34%	1.13%

Frequently Asked Questions

Can I hold both FXIFX and SPYD in my portfolio?

FXIFX and SPYD have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FXIFX or SPYD?

FXIFX has higher volatility (2.66%) compared to SPYD (2.57%). In terms of maximum drawdown, FXIFX dropped -23.90% vs SPYD's -46.42%.

Which has better risk-adjusted returns?

FXIFX currently has the higher Sharpe Ratio (2.48 vs 1.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.