BORAX vs. FFNYX
BORAX (CollegeAdvantage 529 Savings Plan - BlackRock Inflation Protected Bond Option) and FFNYX (Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund) are both Inflation-Protected Bonds funds - BORAX tracks the Bloomberg U.S. Treasury Inflation Protected Securities (TIPS) Index (Series L) while FFNYX tracks the Bloomberg US Treasury 0-5 Year TIPS Index. Both are passively managed. A 0.73 correlation means they provide meaningful diversification when combined. BORAX charges 1.48%/yr vs 0.05%/yr for FFNYX.
Performance
BORAX vs. FFNYX - Performance Comparison
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Returns By Period
BORAX
- 1D
- 0.26%
- 1M
- -0.13%
- YTD
- 1.54%
- 6M
- 1.20%
- 1Y
- 3.33%
- 3Y*
- 3.52%
- 5Y*
- 0.67%
- 10Y*
- —
FFNYX
- 1D
- 0.20%
- 1M
- -0.20%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BORAX vs. FFNYX - Yearly Performance Comparison
Correlation
The correlation between BORAX and FFNYX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 16, 2026 | 0.73 |
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Return for Risk
BORAX vs. FFNYX — Risk / Return Rank
BORAX
FFNYX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BORAX vs. FFNYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CollegeAdvantage 529 Savings Plan - BlackRock Inflation Protected Bond Option (BORAX) 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.
| BORAX | FFNYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.20 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | — | — |
| Martin ratioReturn relative to average drawdown | 5.02 | — | — |
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Drawdowns
BORAX vs. FFNYX - Drawdown Comparison
The maximum BORAX drawdown since its inception was -14.39%, which is greater than FFNYX's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for BORAX and FFNYX.
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Drawdown Indicators
| BORAX | FFNYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.39% | -0.78% | -13.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.23% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.01% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.39% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -0.39% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -6.12% | -0.24% | -5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | — | — |
Volatility
BORAX vs. FFNYX - Volatility Comparison
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Volatility by Period
| BORAX | FFNYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.37% | 1.98% | +1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 1.98% | +4.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.18% | 1.98% | +4.20% |
BORAX vs. FFNYX - Expense Ratio Comparison
BORAX has a 1.48% expense ratio, which is higher than FFNYX's 0.05% expense ratio.
Dividends
BORAX vs. FFNYX - Dividend Comparison
BORAX has not paid dividends to shareholders, while FFNYX's dividend yield for the trailing twelve months is around 0.04%.
Frequently Asked Questions
BORAX and FFNYX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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