FFNYX vs. FIPEX

Last updated Jun 4, 2026

FFNYX (Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund) and FIPEX (Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A) are both Inflation-Protected Bonds funds from Fidelity. A 0.69 correlation means they provide meaningful diversification when combined.

Performance

FFNYX vs. FIPEX - 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 Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A (FIPEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FFNYX

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

FIPEX

• 1D: 0.00%
• 1M: 0.05%
• YTD: 1.47%
• 6M: 1.03%
• 1Y: 4.87%
• 3Y*: 3.73%
• 5Y*: 0.87%
• 10Y*: —

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

FFNYX vs. FIPEX - Yearly Performance Comparison

	2026 (YTD)
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.93%
FIPEX Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A	0.58%

Correlation

The correlation between FFNYX and FIPEX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 17, 2026	0.69

Return for Risk

FFNYX vs. FIPEX — Risk / Return Rank

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

FIPEX

FIPEX Risk / Return Rank: 36
FIPEX Sharpe Ratio Rank: 26
FIPEX Sortino Ratio Rank: 29
FIPEX Omega Ratio Rank: 27
FIPEX Calmar Ratio Rank: 60
FIPEX Martin Ratio Rank: 36

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. FIPEX - 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 Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A (FIPEX). 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	FIPEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.47	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.37	0.45	+1.92

Drawdowns

FFNYX vs. FIPEX - Drawdown Comparison

The maximum FFNYX drawdown since its inception was -0.69%, smaller than the maximum FIPEX drawdown of -14.81%. Use the drawdown chart below to compare losses from any high point for FFNYX and FIPEX.

Drawdown Indicators

	FFNYX	FIPEX	Difference
Max Drawdown Largest peak-to-trough decline	-0.69%	-14.81%	+14.12%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.74%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.56%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.81%	—
Current Drawdown Current decline from peak	-0.10%	-0.91%	+0.81%
Average Drawdown Average peak-to-trough decline	-0.18%	-4.06%	+3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.71%	—

Volatility

Volatility by Period

	FFNYX	FIPEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.89%	3.55%	-1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.89%	6.12%	-4.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.89%	5.48%	-3.59%

Dividends

FFNYX vs. FIPEX - Dividend Comparison

FFNYX's dividend yield for the trailing twelve months is around 0.04%, while FIPEX has not paid dividends to shareholders.

Position	TTM
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.04%
FIPEX Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A	0.00%

Frequently Asked Questions

Can I hold both FFNYX and FIPEX in my portfolio?

FFNYX and FIPEX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.