FFNYX vs. ALMIX

Last updated Jun 5, 2026

FFNYX (Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund) and ALMIX (Invesco Short Duration Inflation Protected Fund) are both Inflation-Protected Bonds funds. Their correlation of 0.90 suggests significant overlap in exposure. FFNYX charges 0.05%/yr vs 0.30%/yr for ALMIX.

Performance

FFNYX vs. ALMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund (FFNYX) and Invesco Short Duration Inflation Protected Fund (ALMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FFNYX

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

ALMIX

• 1D: 0.00%
• 1M: 0.10%
• YTD: 1.89%
• 6M: 1.82%
• 1Y: 4.34%
• 3Y*: 5.00%
• 5Y*: 2.81%
• 10Y*: 2.82%

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

FFNYX vs. ALMIX - Yearly Performance Comparison

	2026 (YTD)
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.93%
ALMIX Invesco Short Duration Inflation Protected Fund	0.89%

Correlation

The correlation between FFNYX and ALMIX is 0.90, 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 17, 2026	0.90

Return for Risk

FFNYX vs. ALMIX — Risk / Return Rank

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

ALMIX

ALMIX Risk / Return Rank: 86
ALMIX Sharpe Ratio Rank: 75
ALMIX Sortino Ratio Rank: 87
ALMIX Omega Ratio Rank: 82
ALMIX Calmar Ratio Rank: 94
ALMIX Martin Ratio Rank: 94

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.

FFNYX vs. ALMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund (FFNYX) and Invesco Short Duration Inflation Protected Fund (ALMIX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FFNYX	ALMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.48	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.89	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.34	1.66	+0.68

Drawdowns

FFNYX vs. ALMIX - Drawdown Comparison

The maximum FFNYX drawdown since its inception was -0.69%, smaller than the maximum ALMIX drawdown of -6.61%. Use the drawdown chart below to compare losses from any high point for FFNYX and ALMIX.

Drawdown Indicators

	FFNYX	ALMIX	Difference
Max Drawdown Largest peak-to-trough decline	-0.69%	-6.61%	+5.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.80%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-1.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-6.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-6.61%	—
Current Drawdown Current decline from peak	-0.10%	-0.10%	0.00%
Average Drawdown Average peak-to-trough decline	-0.18%	-0.45%	+0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.22%	—

Volatility

Volatility by Period

	FFNYX	ALMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.87%	1.81%	+0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.87%	3.18%	-1.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.87%	2.70%	-0.83%

FFNYX vs. ALMIX - Expense Ratio Comparison

FFNYX has a 0.05% expense ratio, which is lower than ALMIX's 0.30% expense ratio.

Dividends

FFNYX vs. ALMIX - Dividend Comparison

FFNYX's dividend yield for the trailing twelve months is around 0.04%, less than ALMIX's 4.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALMIX Invesco Short Duration Inflation Protected Fund	4.34%	4.38%	3.00%	3.24%	7.59%	4.38%	1.19%	2.17%	2.80%	2.19%	1.53%	0.09%
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 FFNYX and ALMIX in my portfolio?

FFNYX and ALMIX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.