ALMIX vs. FFNYX

Last updated Jun 24, 2026

ALMIX (Invesco Short Duration Inflation Protected Fund) and FFNYX (Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund) are both Inflation-Protected Bonds funds. Their correlation of 0.89 suggests significant overlap in exposure. ALMIX charges 0.30%/yr vs 0.05%/yr for FFNYX.

Performance

ALMIX vs. FFNYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Short Duration Inflation Protected Fund (ALMIX) and Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund (FFNYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ALMIX

• 1D: -0.30%
• 1M: -0.40%
• YTD: 0.99%
• 6M: 1.09%
• 1Y: 3.10%
• 3Y*: 4.70%
• 5Y*: 2.70%
• 10Y*: 2.69%

FFNYX

• 1D: -0.10%
• 1M: -0.20%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ALMIX vs. FFNYX - Yearly Performance Comparison

	2026 (YTD)
ALMIX Invesco Short Duration Inflation Protected Fund	0.09%
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.24%

Correlation

The correlation between ALMIX and FFNYX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 16, 2026	0.89

Return for Risk

ALMIX vs. FFNYX — Risk / Return Rank

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

ALMIX

ALMIX Risk / Return Rank: 54
ALMIX Sharpe Ratio Rank: 37
ALMIX Sortino Ratio Rank: 43
ALMIX Omega Ratio Rank: 47
ALMIX Calmar Ratio Rank: 73
ALMIX Martin Ratio Rank: 71

FFNYX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

ALMIX vs. FFNYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Short Duration Inflation Protected Fund (ALMIX) and Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund (FFNYX). 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.

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.

	ALMIX	FFNYX	Difference
Sharpe ratio: Return per unit of total volatility	1.64	—	—
Sortino ratio: Return per unit of downside risk	2.54	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	3.17	—	—
Martin ratio: Return relative to average drawdown	12.71	—	—

Drawdowns

ALMIX vs. FFNYX - Drawdown Comparison

The maximum ALMIX drawdown since its inception was -6.61%, which is greater than FFNYX's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for ALMIX and FFNYX.

Drawdown Indicators

	ALMIX	FFNYX	Difference
Max Drawdown Largest peak-to-trough decline	-6.61%	-0.78%	-5.83%
Max Drawdown (1Y) Largest decline over 1 year	-0.99%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-1.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-6.61%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-6.61%	—	—
Current Drawdown Current decline from peak	-0.99%	-0.78%	-0.21%
Average Drawdown Average peak-to-trough decline	-0.45%	-0.21%	-0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	—	—

Volatility

Volatility by Period

	ALMIX	FFNYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.91%	2.00%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.19%	2.00%	+1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.71%	2.00%	+0.71%

ALMIX vs. FFNYX - Expense Ratio Comparison

ALMIX has a 0.30% expense ratio, which is higher than FFNYX's 0.05% expense ratio.

Dividends

ALMIX vs. FFNYX - Dividend Comparison

ALMIX's dividend yield for the trailing twelve months is around 4.38%, more than FFNYX's 0.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALMIX Invesco Short Duration Inflation Protected Fund	4.38%	4.38%	3.00%	3.24%	7.59%	4.38%	1.19%	2.17%	2.80%	2.19%	1.53%	0.09%
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ALMIX and FFNYX in my portfolio?

ALMIX and FFNYX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.