EARRX vs. FFNYX

Last updated Jun 23, 2026

EARRX (Eaton Vance Short Duration Inflation-Protected Income Fund Class A) and FFNYX (Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund) are both Inflation-Protected Bonds funds. Their correlation of 0.83 suggests significant overlap in exposure. EARRX charges 0.85%/yr vs 0.05%/yr for FFNYX.

Performance

EARRX vs. FFNYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Short Duration Inflation-Protected Income Fund Class A (EARRX) 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

EARRX

• 1D: 0.20%
• 1M: -0.10%
• YTD: 0.98%
• 6M: 1.02%
• 1Y: 2.89%
• 3Y*: 5.09%
• 5Y*: 3.62%
• 10Y*: 3.61%

FFNYX

• 1D: 0.00%
• 1M: -0.10%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EARRX vs. FFNYX - Yearly Performance Comparison

	2026 (YTD)
EARRX Eaton Vance Short Duration Inflation-Protected Income Fund Class A	0.48%
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.34%

Correlation

The correlation between EARRX and FFNYX is 0.83, 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	0.83

Return for Risk

EARRX vs. FFNYX — Risk / Return Rank

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

EARRX

EARRX Risk / Return Rank: 65
EARRX Sharpe Ratio Rank: 49
EARRX Sortino Ratio Rank: 54
EARRX Omega Ratio Rank: 66
EARRX Calmar Ratio Rank: 82
EARRX Martin Ratio Rank: 76

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.

EARRX vs. FFNYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Inflation-Protected Income Fund Class A (EARRX) 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.

	EARRX	FFNYX	Difference
Sharpe ratio: Return per unit of total volatility	1.91	—	—
Sortino ratio: Return per unit of downside risk	2.82	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	3.51	—	—
Martin ratio: Return relative to average drawdown	13.35	—	—

Drawdowns

EARRX vs. FFNYX - Drawdown Comparison

The maximum EARRX drawdown since its inception was -10.27%, which is greater than FFNYX's maximum drawdown of -0.69%. Use the drawdown chart below to compare losses from any high point for EARRX and FFNYX.

Drawdown Indicators

	EARRX	FFNYX	Difference
Max Drawdown Largest peak-to-trough decline	-10.27%	-0.69%	-9.58%
Max Drawdown (1Y) Largest decline over 1 year	-0.88%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-1.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-6.39%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-10.27%	—	—
Current Drawdown Current decline from peak	-0.69%	-0.69%	0.00%
Average Drawdown Average peak-to-trough decline	-1.08%	-0.21%	-0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	—	—

Volatility

Volatility by Period

	EARRX	FFNYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.62%	2.00%	-0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.78%	2.00%	+0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.72%	2.00%	+0.72%

EARRX vs. FFNYX - Expense Ratio Comparison

EARRX has a 0.85% expense ratio, which is higher than FFNYX's 0.05% expense ratio.

Dividends

EARRX vs. FFNYX - Dividend Comparison

EARRX's dividend yield for the trailing twelve months is around 3.85%, more than FFNYX's 0.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EARRX Eaton Vance Short Duration Inflation-Protected Income Fund Class A	3.85%	4.36%	3.83%	4.24%	4.82%	3.32%	2.02%	2.46%	2.67%	1.90%	2.00%	1.73%
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 EARRX and FFNYX in my portfolio?

EARRX and FFNYX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.