BRTR vs. FIPDX

Last updated Jun 4, 2026

BRTR (Blackrock Total Return ETF) and FIPDX (Fidelity Inflation-Protected Bond Index Fund) are both funds - BRTR is a Intermediate Core-Plus Bond fund actively managed by BlackRock, while FIPDX is a Inflation-Protected Bonds fund managed by Fidelity. Over the past year, BRTR returned 5.97% vs 5.23% for FIPDX. Their correlation of 0.84 suggests significant overlap in exposure. BRTR charges 0.38%/yr vs 0.05%/yr for FIPDX.

Performance

BRTR vs. FIPDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackrock Total Return ETF (BRTR) and Fidelity Inflation-Protected Bond Index Fund (FIPDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRTR achieves a 0.40% return, which is significantly lower than FIPDX's 1.66% return.

BRTR

• 1D: -0.20%
• 1M: 0.46%
• YTD: 0.40%
• 6M: 0.28%
• 1Y: 5.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIPDX

• 1D: 0.00%
• 1M: 0.11%
• YTD: 1.66%
• 6M: 1.22%
• 1Y: 5.23%
• 3Y*: 4.08%
• 5Y*: 1.22%
• 10Y*: 2.67%

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

BRTR vs. FIPDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BRTR Blackrock Total Return ETF	0.40%	8.11%	1.29%	0.43%
FIPDX Fidelity Inflation-Protected Bond Index Fund	1.66%	6.90%	2.00%	-0.35%

Correlation

The correlation between BRTR and FIPDX 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 (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Dec 15, 2023	0.84

The correlation between BRTR and FIPDX has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.

Return for Risk

BRTR vs. FIPDX — Risk / Return Rank

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

BRTR

BRTR Risk / Return Rank: 42
BRTR Sharpe Ratio Rank: 46
BRTR Sortino Ratio Rank: 48
BRTR Omega Ratio Rank: 45
BRTR Calmar Ratio Rank: 37
BRTR Martin Ratio Rank: 36

FIPDX

FIPDX Risk / Return Rank: 34
FIPDX Sharpe Ratio Rank: 29
FIPDX Sortino Ratio Rank: 31
FIPDX Omega Ratio Rank: 29
FIPDX Calmar Ratio Rank: 48
FIPDX Martin Ratio Rank: 34

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.

BRTR vs. FIPDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackrock Total Return ETF (BRTR) and Fidelity Inflation-Protected Bond Index Fund (FIPDX). 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.

	BRTR	FIPDX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.53	+0.10
Sortino ratio: Return per unit of downside risk	2.38	2.30	+0.09
Omega ratio: Gain probability vs. loss probability	1.29	1.28	+0.01
Calmar ratio: Return relative to maximum drawdown	1.84	2.65	-0.81
Martin ratio: Return relative to average drawdown	5.57	7.78	-2.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRTR vs. FIPDX - Sharpe Ratio Comparison

The current BRTR Sharpe Ratio is 1.63, which is comparable to the FIPDX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of BRTR and FIPDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BRTR	FIPDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	1.53	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.21	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.41	+0.47

Drawdowns

BRTR vs. FIPDX - Drawdown Comparison

The maximum BRTR drawdown since its inception was -5.07%, smaller than the maximum FIPDX drawdown of -14.32%. Use the drawdown chart below to compare losses from any high point for BRTR and FIPDX.

Drawdown Indicators

	BRTR	FIPDX	Difference
Max Drawdown Largest peak-to-trough decline	-5.07%	-14.32%	+9.25%
Max Drawdown (1Y) Largest decline over 1 year	-3.26%	-1.94%	-1.32%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.49%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-14.32%	—
Current Drawdown Current decline from peak	-1.69%	-0.11%	-1.58%
Average Drawdown Average peak-to-trough decline	-1.35%	-4.47%	+3.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	0.66%	+0.42%

Volatility

BRTR vs. FIPDX - Volatility Comparison

Blackrock Total Return ETF (BRTR) has a higher volatility of 1.28% compared to Fidelity Inflation-Protected Bond Index Fund (FIPDX) at 0.90%. This indicates that BRTR's price experiences larger fluctuations and is considered to be riskier than FIPDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRTR	FIPDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	0.90%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	2.77%	2.30%	+0.47%
Volatility (1Y) Calculated over the trailing 1-year period	3.68%	3.38%	+0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.69%	5.98%	-1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.69%	5.37%	-0.68%

BRTR vs. FIPDX - Expense Ratio Comparison

BRTR has a 0.38% expense ratio, which is higher than FIPDX's 0.05% expense ratio.

Dividends

BRTR vs. FIPDX - Dividend Comparison

BRTR's dividend yield for the trailing twelve months is around 4.73%, more than FIPDX's 3.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRTR Blackrock Total Return ETF	4.73%	4.86%	5.58%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FIPDX Fidelity Inflation-Protected Bond Index Fund	3.79%	4.18%	3.75%	3.56%	8.87%	4.76%	1.24%	1.97%	2.26%	1.29%	1.34%	0.38%

Frequently Asked Questions

Can I hold both BRTR and FIPDX in my portfolio?

BRTR and FIPDX 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.

Which is riskier, BRTR or FIPDX?

BRTR has higher volatility (1.28%) compared to FIPDX (0.90%). In terms of maximum drawdown, BRTR dropped -5.07% vs FIPDX's -14.32%.

Which has better risk-adjusted returns?

BRTR currently has the higher Sharpe Ratio (1.63 vs 1.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.