FDIVX vs. TIP
FDIVX (Fidelity Diversified International Fund) and TIP (iShares TIPS Bond ETF) are both funds - FDIVX is a Foreign Large Cap Equities fund managed by Fidelity, while TIP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index. Over the past 10 years, FDIVX returned 8.80%/yr vs 2.45%/yr for TIP. At a correlation of -0.00, they often move in opposite directions. FDIVX charges 1.01%/yr vs 0.18%/yr for TIP.
Performance
FDIVX vs. TIP - Performance Comparison
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Returns By Period
In the year-to-date period, FDIVX achieves a 7.71% return, which is significantly higher than TIP's 0.95% return. Over the past 10 years, FDIVX has outperformed TIP with an annualized return of 8.80%, while TIP has yielded a comparatively lower 2.45% annualized return.
FDIVX
- 1D
- -3.73%
- 1M
- -1.89%
- YTD
- 7.71%
- 6M
- 9.86%
- 1Y
- 17.46%
- 3Y*
- 15.46%
- 5Y*
- 6.71%
- 10Y*
- 8.80%
TIP
- 1D
- -0.11%
- 1M
- -0.90%
- YTD
- 0.95%
- 6M
- 0.97%
- 1Y
- 4.81%
- 3Y*
- 3.70%
- 5Y*
- 0.88%
- 10Y*
- 2.45%
FDIVX vs. TIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDIVX Fidelity Diversified International Fund | 7.71% | 27.75% | 6.54% | 17.74% | -23.86% | 12.79% | 18.91% | 29.72% | -15.31% | 25.31% |
TIP iShares TIPS Bond ETF | 0.95% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
Correlation
The correlation between FDIVX and TIP is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2003 | -0.00 |
The correlation between FDIVX and TIP shifts across timeframes, from -0.00 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FDIVX vs. TIP — Risk / Return Rank
FDIVX
TIP
FDIVX vs. TIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Diversified International Fund (FDIVX) and iShares TIPS Bond ETF (TIP). 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.
| FDIVX | TIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.26 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.45 | -1.00 |
| Martin ratioReturn relative to average drawdown | 5.65 | 7.37 | -1.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDIVX | TIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.43 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.14 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.43 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.57 | -0.08 |
Drawdowns
FDIVX vs. TIP - Drawdown Comparison
The maximum FDIVX drawdown since its inception was -60.61%, which is greater than TIP's maximum drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for FDIVX and TIP.
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Drawdown Indicators
| FDIVX | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.61% | -14.57% | -46.04% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | -1.98% | -10.40% |
Max Drawdown (3Y)Largest decline over 3 years | -14.63% | -4.54% | -10.09% |
Max Drawdown (5Y)Largest decline over 5 years | -35.60% | -14.51% | -21.09% |
Max Drawdown (10Y)Largest decline over 10 years | -35.60% | -14.51% | -21.09% |
Current DrawdownCurrent decline from peak | -3.73% | -0.90% | -2.83% |
Average DrawdownAverage peak-to-trough decline | -11.67% | -3.43% | -8.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 0.65% | +2.52% |
Volatility
FDIVX vs. TIP - Volatility Comparison
Fidelity Diversified International Fund (FDIVX) has a higher volatility of 6.31% compared to iShares TIPS Bond ETF (TIP) at 1.01%. This indicates that FDIVX's price experiences larger fluctuations and is considered to be riskier than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDIVX | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.31% | 1.01% | +5.30% |
Volatility (6M)Calculated over the trailing 6-month period | 14.73% | 2.33% | +12.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.24% | 3.38% | +13.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 6.21% | +10.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 5.74% | +11.28% |
FDIVX vs. TIP - Expense Ratio Comparison
FDIVX has a 1.01% expense ratio, which is higher than TIP's 0.18% expense ratio.
Dividends
FDIVX vs. TIP - Dividend Comparison
FDIVX's dividend yield for the trailing twelve months is around 9.92%, more than TIP's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIVX Fidelity Diversified International Fund | 9.92% | 10.69% | 3.93% | 4.29% | 1.34% | 10.59% | 0.97% | 1.32% | 7.32% | 4.22% | 1.36% | 0.46% |
TIP iShares TIPS Bond ETF | 3.78% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
Frequently Asked Questions
FDIVX and TIP have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDIVX has higher volatility (6.31%) compared to TIP (1.01%). In terms of maximum drawdown, FDIVX dropped -60.61% vs TIP's -14.57%.
TIP currently has the higher Sharpe Ratio (1.43 vs 1.04), 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.
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