FBIIX vs. FIPDX
Compare and contrast key facts about Fidelity International Bond Index Fund (FBIIX) and Fidelity Inflation-Protected Bond Index Fund (FIPDX).
FBIIX is managed by Fidelity. It was launched on Oct 10, 2019. FIPDX is managed by Fidelity. It was launched on May 16, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBIIX or FIPDX.
Performance
FBIIX vs. FIPDX - Performance Comparison
Returns By Period
In the year-to-date period, FBIIX achieves a 3.68% return, which is significantly higher than FIPDX's 2.89% return.
FBIIX
3.68%
-0.21%
3.76%
7.38%
0.32%
N/A
FIPDX
2.89%
-1.19%
2.69%
5.68%
1.51%
1.43%
Key characteristics
| FBIIX | FIPDX | |
|---|---|---|
| Sharpe Ratio | 2.43 | 1.19 |
| Sortino Ratio | 3.84 | 1.77 |
| Omega Ratio | 1.47 | 1.22 |
| Calmar Ratio | 0.78 | 0.47 |
| Martin Ratio | 11.73 | 5.00 |
| Ulcer Index | 0.63% | 1.14% |
| Daily Std Dev | 3.03% | 4.76% |
| Max Drawdown | -13.79% | -14.29% |
| Current Drawdown | -2.56% | -6.63% |
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FBIIX vs. FIPDX - Expense Ratio Comparison
FBIIX has a 0.06% expense ratio, which is higher than FIPDX'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%.
Correlation
The correlation between FBIIX and FIPDX is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
FBIIX vs. FIPDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Bond Index Fund (FBIIX) 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.
Dividends
FBIIX vs. FIPDX - Dividend Comparison
FBIIX's dividend yield for the trailing twelve months is around 3.14%, less than FIPDX's 5.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBIIX Fidelity International Bond Index Fund | 3.14% | 2.85% | 1.02% | 0.62% | 0.74% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FIPDX Fidelity Inflation-Protected Bond Index Fund | 5.48% | 3.59% | 8.87% | 4.76% | 0.24% | 0.41% | 0.39% | 0.09% | 0.08% | 0.11% | 1.10% | 0.66% |
Drawdowns
FBIIX vs. FIPDX - Drawdown Comparison
The maximum FBIIX drawdown since its inception was -13.79%, roughly equal to the maximum FIPDX drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for FBIIX and FIPDX. For additional features, visit the drawdowns tool.
Volatility
FBIIX vs. FIPDX - Volatility Comparison
The current volatility for Fidelity International Bond Index Fund (FBIIX) is 0.57%, while Fidelity Inflation-Protected Bond Index Fund (FIPDX) has a volatility of 1.16%. This indicates that FBIIX experiences smaller price fluctuations and is considered to be less risky than FIPDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.