FFNYX vs. EIRRX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund (FFNYX) and Eaton Vance Short Duration Inflation-Protected Income Fund (EIRRX).

FFNYX is a passively managed fund by Fidelity that tracks the performance of the Bloomberg US Treasury 0-5 Year TIPS Index. It was launched on Nov 4, 2025. EIRRX is managed by Eaton Vance. It was launched on Mar 31, 2010.

Performance

FFNYX vs. EIRRX - 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 (EIRRX). The values are adjusted to include any dividend payments, if applicable.

FFNYX vs. EIRRX - Yearly Performance Comparison

	2026 (YTD)
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	-0.10%
EIRRX Eaton Vance Short Duration Inflation-Protected Income Fund	-0.15%

Returns By Period

FFNYX

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

EIRRX

• 1D: 0.10%
• 1M: 0.05%
• YTD: 0.45%
• 6M: 0.45%
• 1Y: 3.33%
• 3Y*: 4.75%
• 5Y*: 3.82%
• 10Y*: 3.76%

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

FFNYX vs. EIRRX - Expense Ratio Comparison

FFNYX has a 0.05% expense ratio, which is lower than EIRRX's 0.64% expense ratio.

EIRRX

Eaton Vance Short Duration Inflation-Protected Income Fund

FFNYX

Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund

Return for Risk

FFNYX vs. EIRRX — Risk / Return Rank

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

EIRRX

EIRRX Risk / Return Rank: 89
EIRRX Sharpe Ratio Rank: 86
EIRRX Sortino Ratio Rank: 87
EIRRX Omega Ratio Rank: 88
EIRRX Calmar Ratio Rank: 92
EIRRX 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. EIRRX - 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 (EIRRX). 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	EIRRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.71	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.35	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	1.10	-2.09

Correlation

The correlation between FFNYX and EIRRX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FFNYX vs. EIRRX - Dividend Comparison

FFNYX has not paid dividends to shareholders, while EIRRX's dividend yield for the trailing twelve months is around 4.11%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EIRRX Eaton Vance Short Duration Inflation-Protected Income Fund	4.11%	3.57%	4.08%	4.50%	5.07%	3.54%	2.21%	2.66%	2.91%	2.13%	2.24%	2.05%

Drawdowns

FFNYX vs. EIRRX - Drawdown Comparison

The maximum FFNYX drawdown since its inception was -0.69%, smaller than the maximum EIRRX drawdown of -10.27%. Use the drawdown chart below to compare losses from any high point for FFNYX and EIRRX.

Drawdown Indicators

	FFNYX	EIRRX	Difference
Max Drawdown Largest peak-to-trough decline	-0.69%	-10.27%	+9.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-6.22%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-10.27%	—
Current Drawdown Current decline from peak	-0.30%	-0.44%	+0.14%
Average Drawdown Average peak-to-trough decline	-0.39%	-1.01%	+0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.27%	—

Volatility

Volatility by Period

	FFNYX	EIRRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.69%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.38%	1.96%	+0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.38%	2.85%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.38%	2.76%	-0.38%