BIIPX vs. FFNYX

Last updated Jun 24, 2026

BIIPX (iShares Short-Term TIPS Bond Index Fund) and FFNYX (Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund) are both Inflation-Protected Bonds funds. Their correlation of 0.81 suggests significant overlap in exposure. BIIPX charges 0.08%/yr vs 0.05%/yr for FFNYX.

Performance

BIIPX vs. FFNYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Short-Term TIPS Bond Index Fund (BIIPX) 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

BIIPX

• 1D: -0.21%
• 1M: 0.01%
• YTD: 0.61%
• 6M: 1.09%
• 1Y: 3.18%
• 3Y*: 4.64%
• 5Y*: 2.66%
• 10Y*: —

FFNYX

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

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

BIIPX vs. FFNYX - Yearly Performance Comparison

	2026 (YTD)
BIIPX iShares Short-Term TIPS Bond Index Fund	-0.32%
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.24%

Correlation

The correlation between BIIPX and FFNYX is 0.81, 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	0.81

Return for Risk

BIIPX vs. FFNYX — Risk / Return Rank

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

BIIPX

BIIPX Risk / Return Rank: 41
BIIPX Sharpe Ratio Rank: 27
BIIPX Sortino Ratio Rank: 41
BIIPX Omega Ratio Rank: 43
BIIPX Calmar Ratio Rank: 43
BIIPX Martin Ratio Rank: 51

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.

BIIPX vs. FFNYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Short-Term TIPS Bond Index Fund (BIIPX) 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.

	BIIPX	FFNYX	Difference
Sharpe ratio: Return per unit of total volatility	1.37	—	—
Sortino ratio: Return per unit of downside risk	2.49	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.39	—	—
Martin ratio: Return relative to average drawdown	9.93	—	—

Drawdowns

BIIPX vs. FFNYX - Drawdown Comparison

The maximum BIIPX drawdown since its inception was -6.46%, which is greater than FFNYX's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for BIIPX and FFNYX.

Drawdown Indicators

	BIIPX	FFNYX	Difference
Max Drawdown Largest peak-to-trough decline	-6.46%	-0.78%	-5.68%
Max Drawdown (1Y) Largest decline over 1 year	-1.34%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-1.34%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-6.46%	—	—
Current Drawdown Current decline from peak	-1.34%	-0.78%	-0.56%
Average Drawdown Average peak-to-trough decline	-1.08%	-0.21%	-0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.32%	—	—

Volatility

Volatility by Period

	BIIPX	FFNYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.33%	2.00%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.11%	2.00%	+1.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.64%	2.00%	+0.64%

BIIPX vs. FFNYX - Expense Ratio Comparison

BIIPX has a 0.08% expense ratio, which is higher than FFNYX's 0.05% 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

BIIPX vs. FFNYX - Dividend Comparison

BIIPX's dividend yield for the trailing twelve months is around 4.65%, more than FFNYX's 0.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIIPX iShares Short-Term TIPS Bond Index Fund	4.65%	4.64%	4.30%	2.65%	4.56%	4.39%	1.58%	2.27%	2.74%	1.89%
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%

Frequently Asked Questions

Can I hold both BIIPX and FFNYX in my portfolio?

BIIPX and FFNYX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.