FCPI vs. ITDI

Last updated Jun 4, 2026

FCPI (Fidelity Stocks for Inflation ETF) and ITDI (Ishares Lifepath Target Date 2065 ETF) are both exchange-traded funds - FCPI is a Large Cap Blend Equities fund tracking the Fidelity Stocks for Inflation Factor Index, while ITDI is a Target Retirement Date fund actively managed by iShares. FCPI is passively managed, while ITDI is actively managed. Over the past year, FCPI returned 22.08% vs 29.11% for ITDI. Their correlation of 0.89 suggests significant overlap in exposure. FCPI charges 0.15%/yr vs 0.11%/yr for ITDI.

Performance

FCPI vs. ITDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Stocks for Inflation ETF (FCPI) and Ishares Lifepath Target Date 2065 ETF (ITDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCPI achieves a 11.23% return, which is significantly lower than ITDI's 12.13% return.

FCPI

• 1D: -0.28%
• 1M: 4.20%
• YTD: 11.23%
• 6M: 10.30%
• 1Y: 22.08%
• 3Y*: 21.82%
• 5Y*: 15.12%
• 10Y*: —

ITDI

• 1D: -0.79%
• 1M: 4.83%
• YTD: 12.13%
• 6M: 13.10%
• 1Y: 29.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FCPI vs. ITDI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FCPI Fidelity Stocks for Inflation ETF	11.23%	16.24%	25.54%	9.90%
ITDI Ishares Lifepath Target Date 2065 ETF	12.13%	21.90%	16.73%	12.83%

Correlation

The correlation between FCPI and ITDI is 0.88, 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	0.88
Correlation (All Time) Calculated using the full available price history since Oct 20, 2023	0.89

The correlation between FCPI and ITDI has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.

FCPI vs. ITDI - Sectors Allocation Comparison

Sectors	FCPI	ITDI
Technology	28.3%	26.8%
Healthcare	13.3%	8.3%
Energy	12.3%	4.3%
Financial Services	7.5%	16.1%
Consumer Defensive	7.2%	4.8%
Consumer Cyclical	6.9%	9.3%
Basic Materials	6.5%	4.3%
Communication Services	5.6%	8.1%
Industrials	5.6%	11.9%
Real Estate	4.5%	3.5%
Utilities	2.4%	2.6%

Return for Risk

FCPI vs. ITDI — Risk / Return Rank

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

FCPI

FCPI Risk / Return Rank: 56
FCPI Sharpe Ratio Rank: 54
FCPI Sortino Ratio Rank: 54
FCPI Omega Ratio Rank: 54
FCPI Calmar Ratio Rank: 56
FCPI Martin Ratio Rank: 63

ITDI

ITDI Risk / Return Rank: 68
ITDI Sharpe Ratio Rank: 69
ITDI Sortino Ratio Rank: 69
ITDI Omega Ratio Rank: 68
ITDI Calmar Ratio Rank: 61
ITDI Martin Ratio Rank: 72

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.

FCPI vs. ITDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Stocks for Inflation ETF (FCPI) and Ishares Lifepath Target Date 2065 ETF (ITDI). 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.

	FCPI	ITDI	Difference
Sharpe ratio: Return per unit of total volatility	1.89	2.28	-0.39
Sortino ratio: Return per unit of downside risk	2.62	3.18	-0.56
Omega ratio: Gain probability vs. loss probability	1.34	1.41	-0.07
Calmar ratio: Return relative to maximum drawdown	2.82	3.05	-0.23
Martin ratio: Return relative to average drawdown	11.56	13.40	-1.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCPI vs. ITDI - Sharpe Ratio Comparison

The current FCPI Sharpe Ratio is 1.89, which is comparable to the ITDI Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of FCPI and ITDI, 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

	FCPI	ITDI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	2.28	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	1.75	-1.01

Drawdowns

FCPI vs. ITDI - Drawdown Comparison

The maximum FCPI drawdown since its inception was -37.26%, which is greater than ITDI's maximum drawdown of -16.31%. Use the drawdown chart below to compare losses from any high point for FCPI and ITDI.

Drawdown Indicators

	FCPI	ITDI	Difference
Max Drawdown Largest peak-to-trough decline	-37.26%	-16.31%	-20.95%
Max Drawdown (1Y) Largest decline over 1 year	-7.88%	-9.60%	+1.72%
Max Drawdown (3Y) Largest decline over 3 years	-17.44%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.25%	—	—
Current Drawdown Current decline from peak	-0.28%	-0.79%	+0.51%
Average Drawdown Average peak-to-trough decline	-4.38%	-1.57%	-2.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	2.18%	-0.26%

Volatility

FCPI vs. ITDI - Volatility Comparison

Fidelity Stocks for Inflation ETF (FCPI) and Ishares Lifepath Target Date 2065 ETF (ITDI) have volatilities of 3.75% and 3.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCPI	ITDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.75%	3.92%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	9.29%	10.30%	-1.01%
Volatility (1Y) Calculated over the trailing 1-year period	11.73%	12.81%	-1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.66%	14.49%	+2.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.13%	14.49%	+5.64%

FCPI vs. ITDI - Expense Ratio Comparison

FCPI has a 0.15% expense ratio, which is higher than ITDI's 0.11% 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

FCPI vs. ITDI - Dividend Comparison

FCPI's dividend yield for the trailing twelve months is around 1.61%, more than ITDI's 1.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FCPI Fidelity Stocks for Inflation ETF	1.61%	1.74%	1.29%	1.88%	1.77%	1.19%	3.53%	0.43%
ITDI Ishares Lifepath Target Date 2065 ETF	1.45%	1.63%	1.68%	0.84%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCPI and ITDI in my portfolio?

FCPI and ITDI have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCPI or ITDI?

ITDI has higher volatility (3.92%) compared to FCPI (3.75%). In terms of maximum drawdown, FCPI dropped -37.26% vs ITDI's -16.31%.

Which ETF is better, FCPI or ITDI?

On 1-year performance, ITDI leads with 29.11% vs 22.08% for FCPI. On fees, ITDI is cheaper at 0.11% per year. On volatility, FCPI has been the lower-risk option at 3.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FCPI or ITDI?

Over the 1-year period, ITDI has performed better with a 29.11% return vs 22.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FCPI or ITDI?

ITDI is cheaper with a 0.11% expense ratio, compared with 0.15% for FCPI.

Which ETF pays a higher dividend yield, FCPI or ITDI?

FCPI has the higher dividend yield at 1.61%, compared with 1.45% for ITDI.

What is the main difference between FCPI and ITDI?

FCPI is categorized as Large Cap Blend Equities, while ITDI is Target Retirement Date. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.15% for FCPI and 0.11% for ITDI.

Which has better risk-adjusted returns?

ITDI currently has the higher Sharpe Ratio (2.28 vs 1.89), 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.