- Issuer
- Fidelity
- Category
- Inflation-Protected Bonds
- Distribution Policy
- Accumulating
- Asset Class
- Bond
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FIPEX Performance Chart
Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A (FIPEX) is up 0.9% since the beginning of the year. FIPEX is currently trading at $21 per share. Investors who bought $1,000 worth of FIPEX shares 5 years ago would now be looking at an investment worth $1,038.
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Returns By Period
Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A (FIPEX) has returned 0.93% so far this year and 3.84% over the past 12 months.
Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A
- 1D
- 0.24%
- 1M
- 0.29%
- YTD
- 0.93%
- 6M
- 1.18%
- 1Y
- 3.84%
- 3Y*
- 3.51%
- 5Y*
- 0.74%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.15%
- 1Y
- 24.03%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FIPEX Monthly Returns History
Based on dividend-adjusted daily data since Feb 1, 2017, FIPEX's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.
Historically, 63% of months were positive and 37% were negative. The best month was Jul 2022 with a return of +4.3%, 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, FIPEX closed higher 44% of trading days. The best single day was Mar 20, 2020 with a return of +3.8%, while the worst single day was Mar 17, 2020 at -2.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.39% | 1.08% | -1.21% | 1.08% | 0.15% | -0.53% | 0.93% | ||||||
| 2025 | 1.20% | 1.39% | 1.43% | 0.05% | -1.00% | 1.42% | 0.05% | 1.50% | 0.39% | 0.29% | 0.44% | -0.78% | 6.53% |
| 2024 | 0.32% | -1.01% | 0.54% | -1.49% | 1.67% | 0.74% | 1.69% | 0.83% | 1.39% | -1.78% | 0.41% | -1.59% | 1.65% |
| 2023 | 1.98% | -1.46% | 2.84% | 0.11% | -1.17% | -0.38% | 0.11% | -0.86% | -2.01% | -0.67% | 2.57% | 2.51% | 3.46% |
| 2022 | -2.17% | 0.98% | -1.95% | -2.14% | -1.02% | -3.23% | 4.30% | -2.70% | -6.59% | 1.18% | 1.83% | -1.20% | -12.38% |
| 2021 | 0.31% | -1.62% | -0.31% | 1.45% | 1.02% | 0.71% | 2.55% | -0.10% | -0.73% | 1.03% | 0.97% | 0.19% | 5.54% |
Benchmark Metrics
Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A has an annualized alpha of 2.33%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 01, 2017.
- This fund participated in 16.67% of S&P 500 Index downside but only 13.10% 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.
- Alpha
- 2.33%
- Beta
- 0.01
- R²
- 0.00
- Upside Capture
- 13.10%
- Downside Capture
- 16.67%
Return for Risk
Risk / Return Rank
FIPEX ranks 27 for risk / return — below 27% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A (FIPEX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FIPEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 2.78 | -0.35 |
| Martin ratioReturn relative to average drawdown | 6.41 | 12.44 | -6.03 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A. 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 Advisor 529 Inflation-Protected Bond Portfolio Class A was 14.81%, occurring on Oct 6, 2023. The portfolio has not yet recovered.
The current Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A drawdown is 1.44%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 correction2023 | -14.81%Oct 2023 | 1y 11mo | — | 4y 7moNov 2021 - now |
COVID crash2020 | -8.87%Mar 2020 | 9d | 2mo 24d | 3mo 3dMar 2020 - Jun 2020 |
Rate-hike selloffLate 2018 | -3.62%Nov 2018 | 1y 1mo | 4mo 18d | 1y 6moSep 2017 - Mar 2019 |
2021 pullback2021 | -2.63%Mar 2021 | 25d | 1mo 28d | 2mo 23dFeb 2021 - May 2021 |
2019 pullback2019 | -2.45%Sep 2019 | 10d | 4mo 13d | 4mo 23dSep 2019 - Jan 2020 |
Drawdown Indicators
| FIPEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.81% | -56.78% | +41.97% |
Max Drawdown (1Y)Largest decline over 1 year | -1.74% | -9.10% | +7.36% |
Max Drawdown (3Y)Largest decline over 3 years | -4.56% | -18.90% | +14.34% |
Max Drawdown (5Y)Largest decline over 5 years | -14.81% | -25.43% | +10.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.44% | -1.80% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -10.71% | +6.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 2.03% | -1.39% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with FIPEX
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