FFNYX vs. FSPWX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund (FFNYX) and Fidelity SAI Inflation-Protected Bond Index Fund (FSPWX).

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. FSPWX is a passively managed fund by Fidelity that tracks the performance of the Bloomberg U.S. Treasury Inflation Protected Securities Index. It was launched on Aug 16, 2024. Both FFNYX and FSPWX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FFNYX vs. FSPWX - 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 SAI Inflation-Protected Bond Index Fund (FSPWX). The values are adjusted to include any dividend payments, if applicable.

FFNYX vs. FSPWX - Yearly Performance Comparison

	2026 (YTD)
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	-0.10%
FSPWX Fidelity SAI Inflation-Protected Bond Index Fund	-0.59%

Returns By Period

FFNYX

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

FSPWX

• 1D: 0.00%
• 1M: -1.08%
• YTD: 0.50%
• 6M: 0.21%
• 1Y: 2.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FFNYX vs. FSPWX - Expense Ratio Comparison

Both FFNYX and FSPWX have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

FFNYX

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

FSPWX

Fidelity SAI Inflation-Protected Bond Index Fund

Return for Risk

FFNYX vs. FSPWX — Risk / Return Rank

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

FSPWX

FSPWX Risk / Return Rank: 29
FSPWX Sharpe Ratio Rank: 25
FSPWX Sortino Ratio Rank: 21
FSPWX Omega Ratio Rank: 18
FSPWX Calmar Ratio Rank: 46
FSPWX Martin Ratio Rank: 33

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. FSPWX - 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 SAI Inflation-Protected Bond Index Fund (FSPWX). 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	FSPWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	0.88	-1.87

Correlation

The correlation between FFNYX and FSPWX is 0.83, 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. FSPWX - Dividend Comparison

FFNYX has not paid dividends to shareholders, while FSPWX's dividend yield for the trailing twelve months is around 4.17%.

	TTM	2025	2024
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.00%	0.00%	0.00%
FSPWX Fidelity SAI Inflation-Protected Bond Index Fund	4.17%	4.19%	0.69%

Drawdowns

FFNYX vs. FSPWX - Drawdown Comparison

The maximum FFNYX drawdown since its inception was -0.69%, smaller than the maximum FSPWX drawdown of -3.84%. Use the drawdown chart below to compare losses from any high point for FFNYX and FSPWX.

Drawdown Indicators

	FFNYX	FSPWX	Difference
Max Drawdown Largest peak-to-trough decline	-0.69%	-3.84%	+3.15%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.91%	—
Current Drawdown Current decline from peak	-0.30%	-1.27%	+0.97%
Average Drawdown Average peak-to-trough decline	-0.39%	-1.04%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.94%	—

Volatility

Volatility by Period

	FFNYX	FSPWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.38%	4.09%	-1.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.38%	4.16%	-1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.38%	4.16%	-1.78%