FYTKX vs. SPHD
Compare and contrast key facts about Fidelity Freedom Income Fund Class K6 (FYTKX) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
FYTKX is managed by Fidelity. It was launched on Oct 17, 1996. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FYTKX or SPHD.
Key characteristics
| FYTKX | SPHD | |
|---|---|---|
| YTD Return | 4.67% | 21.33% |
| 1Y Return | 9.45% | 31.17% |
| 3Y Return (Ann) | -1.30% | 8.87% |
| 5Y Return (Ann) | 0.75% | 7.36% |
| Sharpe Ratio | 2.00 | 2.75 |
| Sortino Ratio | 3.00 | 3.94 |
| Omega Ratio | 1.37 | 1.51 |
| Calmar Ratio | 0.76 | 2.13 |
| Martin Ratio | 10.76 | 18.92 |
| Ulcer Index | 0.88% | 1.62% |
| Daily Std Dev | 4.74% | 11.16% |
| Max Drawdown | -19.23% | -41.39% |
| Current Drawdown | -4.32% | -2.00% |
Correlation
The correlation between FYTKX and SPHD is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FYTKX vs. SPHD - Performance Comparison
In the year-to-date period, FYTKX achieves a 4.67% return, which is significantly lower than SPHD's 21.33% 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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FYTKX vs. SPHD - Expense Ratio Comparison
FYTKX has a 0.37% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Risk-Adjusted Performance
FYTKX vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Income Fund Class K6 (FYTKX) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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
FYTKX vs. SPHD - Dividend Comparison
FYTKX's dividend yield for the trailing twelve months is around 3.51%, more than SPHD's 3.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYTKX Fidelity Freedom Income Fund Class K6 | 3.51% | 3.13% | 3.57% | 2.55% | 1.29% | 2.11% | 2.22% | 1.24% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.41% | 4.48% | 3.89% | 3.46% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
Drawdowns
FYTKX vs. SPHD - Drawdown Comparison
The maximum FYTKX drawdown since its inception was -19.23%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for FYTKX and SPHD. For additional features, visit the drawdowns tool.
Volatility
FYTKX vs. SPHD - Volatility Comparison
The current volatility for Fidelity Freedom Income Fund Class K6 (FYTKX) is 1.33%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 2.62%. This indicates that FYTKX experiences smaller price fluctuations and is considered to be less risky than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.