FFNYX vs. EARRX

Last updated Jun 24, 2026

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

Performance

FFNYX vs. EARRX - 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 Eaton Vance Short Duration Inflation-Protected Income Fund Class A (EARRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FFNYX

• 1D: -0.10%
• 1M: -0.20%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EARRX

• 1D: -0.20%
• 1M: -0.30%
• YTD: 0.78%
• 6M: 0.92%
• 1Y: 2.68%
• 3Y*: 5.05%
• 5Y*: 3.50%
• 10Y*: 3.60%

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

FFNYX vs. EARRX - Yearly Performance Comparison

	2026 (YTD)
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.24%
EARRX Eaton Vance Short Duration Inflation-Protected Income Fund Class A	0.28%

Correlation

The correlation between FFNYX and EARRX 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

FFNYX vs. EARRX — Risk / Return Rank

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

FFNYX

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

EARRX

EARRX Risk / Return Rank: 51
EARRX Sharpe Ratio Rank: 38
EARRX Sortino Ratio Rank: 39
EARRX Omega Ratio Rank: 48
EARRX Calmar Ratio Rank: 69
EARRX Martin Ratio Rank: 60

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. EARRX - 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 Eaton Vance Short Duration Inflation-Protected Income Fund Class A (EARRX). 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.

	FFNYX	EARRX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.66	—
Sortino ratio: Return per unit of downside risk	—	2.42	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	3.05	—
Martin ratio: Return relative to average drawdown	—	11.28	—

Drawdowns

FFNYX vs. EARRX - Drawdown Comparison

The maximum FFNYX drawdown since its inception was -0.78%, smaller than the maximum EARRX drawdown of -10.27%. Use the drawdown chart below to compare losses from any high point for FFNYX and EARRX.

Drawdown Indicators

	FFNYX	EARRX	Difference
Max Drawdown Largest peak-to-trough decline	-0.78%	-10.27%	+9.49%
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	-0.78%	-0.88%	+0.10%
Average Drawdown Average peak-to-trough decline	-0.21%	-1.08%	+0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.24%	—

Volatility

Volatility by Period

	FFNYX	EARRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.00%	1.63%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.00%	2.78%	-0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.00%	2.72%	-0.72%

FFNYX vs. EARRX - Expense Ratio Comparison

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

Dividends

FFNYX vs. EARRX - Dividend Comparison

FFNYX's dividend yield for the trailing twelve months is around 0.04%, less than EARRX's 3.85% 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 FFNYX and EARRX in my portfolio?

FFNYX and EARRX 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.