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FFNYX vs. GABFX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FFNYX vs. GABFX

Last updated Apr 2, 2026

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

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. GABFX is managed by GMO. It was launched on Mar 17, 2009.

Performance

FFNYX vs. GABFX - 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 GMO Asset Allocation Bond Fund (GABFX). The values are adjusted to include any dividend payments, if applicable.

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FFNYX vs. GABFX - Yearly Performance Comparison

2026 (YTD)
FFNYX
Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund		-0.10%
GABFX
GMO Asset Allocation Bond Fund		-0.75%

Returns By Period

FFNYX

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

GABFX

1D
0.22%
1M
-2.99%
YTD
-0.91%
6M
-1.17%
1Y
-0.47%
3Y*
-1.06%
5Y*
-2.21%
10Y*
0.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

GMO Asset Allocation Bond Fund

Often compared with FFNYX:
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Often compared with GABFX:
GABFX vs. GABFGABFX vs. XLFGABFX vs. SPYGABFX vs. QQQGABFX vs. BONDGABFX vs. GMWAXGABFX vs. GMOQX

FFNYX vs. GABFX - Expense Ratio Comparison

FFNYX has a 0.05% expense ratio, which is lower than GABFX's 0.32% expense ratio.

GABFX
GMO Asset Allocation Bond Fund
FFNYX
Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund

Return for Risk

FFNYX vs. GABFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FFNYX
GABFX
GABFX Risk / Return Rank: 66
Overall Rank
GABFX Sharpe Ratio Rank: 55
Sharpe Ratio Rank
GABFX Sortino Ratio Rank: 55
Sortino Ratio Rank
GABFX Omega Ratio Rank: 55
Omega Ratio Rank
GABFX Calmar Ratio Rank: 77
Calmar Ratio Rank
GABFX Martin Ratio Rank: 66
Martin Ratio Rank
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. GABFX - 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 GMO Asset Allocation Bond Fund (GABFX). 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.

FFNYX vs. GABFX - Sharpe Ratio Comparison

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Sharpe Ratios by Period

FFNYXGABFXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

0.09

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

-0.16

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.08

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.99

0.16

-1.14

Correlation

The correlation between FFNYX and GABFX is 0.76, 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. GABFX - Dividend Comparison

FFNYX has not paid dividends to shareholders, while GABFX's dividend yield for the trailing twelve months is around 2.71%.

TTM20252024202320222021202020192018201720162015
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%
GABFX
GMO Asset Allocation Bond Fund		2.71%2.69%4.19%5.03%0.71%1.81%1.20%4.72%5.13%1.07%0.00%7.43%

Drawdowns

FFNYX vs. GABFX - Drawdown Comparison

The maximum FFNYX drawdown since its inception was -0.69%, smaller than the maximum GABFX drawdown of -27.84%. Use the drawdown chart below to compare losses from any high point for FFNYX and GABFX.

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Drawdown Indicators

FFNYXGABFXDifference

Max Drawdown

Largest peak-to-trough decline

-0.69%

-27.84%

+27.15%

Max Drawdown (1Y)

Largest decline over 1 year

—

-11.04%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-27.84%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.84%

—

Current Drawdown

Current decline from peak

-0.30%

-15.18%

+14.88%

Average Drawdown

Average peak-to-trough decline

-0.39%

-7.20%

+6.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

5.04%

—

Volatility

FFNYX vs. GABFX - Volatility Comparison

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Volatility by Period

FFNYXGABFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

3.44%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

6.72%

—

Volatility (1Y)

Calculated over the trailing 1-year period

2.38%

13.20%

-10.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.38%

13.92%

-11.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.38%

10.28%

-7.90%