Fidelity Inflation-Protected Bond Index Fund (FIPDX)

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Fidelity Inflation-Protected Bond Index Fund (FIPDX) is up 0.6% since the beginning of the year. FIPDX is currently trading at $9 per share. Investors who bought $1,000 worth of FIPDX shares 5 years ago would now be looking at an investment worth $1,016.

Fidelity Inflation-Protected Bond Index Fund (FIPDX) has returned 0.55% so far this year and 2.01% over the past 12 months. Over the last ten years, FIPDX has returned 2.45% per year, falling short of the S&P 500 Index benchmark, which averaged 13.29% annually.

Based on dividend-adjusted daily data since May 10, 2012, FIPDX's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, an investment would double in approximately 30.4 years.

Historically, 61% of months were positive and 39% were negative. The best month was May 2012 with a return of +6.0%, while the worst month was Sep 2022 at -6.6%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 4 months.

On a daily basis, FIPDX closed higher 45% of trading days. The best single day was May 23, 2012 with a return of +5.1%, while the worst single day was Mar 17, 2020 at -2.8%.

Fidelity Inflation-Protected Bond Index Fund has an annualized alpha of 2.42%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since May 10, 2012.

• This fund participated in 12.26% of S&P 500 Index downside but only 11.65% of its upside - more exposed to losses than it benefited from rallies.
• Beta of -0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FIPDX has an expense ratio of 0.05%, which is considered low.

FIPDX ranks 21 for risk / return — above 21% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.

Fidelity Inflation-Protected Bond Index Fund provided a 4.36% dividend yield over the last twelve months, with an annual payout of $0.40 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Fidelity Inflation-Protected Bond Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity Inflation-Protected Bond Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity Inflation-Protected Bond Index Fund was 14.32%, occurring on Oct 6, 2023. Recovery took 512 trading sessions.

The current Fidelity Inflation-Protected Bond Index Fund drawdown is 1.19%.

The chart below shows the rolling one-month volatility.