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FFNYX vs. IPBAX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FFNYX vs. IPBAX

Last updated Apr 1, 2026

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

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. IPBAX is managed by Allspring Global Investments. It was launched on Feb 27, 2003.

Performance

FFNYX vs. IPBAX - 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 Allspring Real Return Fund (IPBAX). The values are adjusted to include any dividend payments, if applicable.

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FFNYX vs. IPBAX - Yearly Performance Comparison

2026 (YTD)
FFNYX
Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund		-0.10%
IPBAX
Allspring Real Return Fund		0.93%

Returns By Period

FFNYX

1D
0.30%
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

IPBAX

1D
0.25%
1M
-0.06%
YTD
11.78%
6M
13.53%
1Y
23.01%
3Y*
10.78%
5Y*
6.29%
10Y*
4.92%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

Allspring Real Return Fund

Often compared with FFNYX:
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Often compared with IPBAX:
IPBAX vs. SPYIPBAX vs. BKIPXIPBAX vs. DFAAXIPBAX vs. BIIPXIPBAX vs. VIPIXIPBAX vs. DIPSXIPBAX vs. VTSPX

FFNYX vs. IPBAX - Expense Ratio Comparison

FFNYX has a 0.05% expense ratio, which is lower than IPBAX's 0.78% expense ratio.

IPBAX
Allspring Real Return Fund
FFNYX
Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund

Return for Risk

FFNYX vs. IPBAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FFNYX
IPBAX
IPBAX Risk / Return Rank: 9797
Overall Rank
IPBAX Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
IPBAX Sortino Ratio Rank: 9797
Sortino Ratio Rank
IPBAX Omega Ratio Rank: 9595
Omega Ratio Rank
IPBAX Calmar Ratio Rank: 9999
Calmar Ratio Rank
IPBAX Martin Ratio Rank: 9898
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. IPBAX - 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 Allspring Real Return Fund (IPBAX). 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. IPBAX - Sharpe Ratio Comparison

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Sharpe Ratios by Period

FFNYXIPBAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

2.91

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.89

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.83

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-1.03

0.70

-1.73

Correlation

The correlation between FFNYX and IPBAX is -0.16. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

FFNYX vs. IPBAX - Dividend Comparison

FFNYX has not paid dividends to shareholders, while IPBAX's dividend yield for the trailing twelve months is around 2.33%.

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%
IPBAX
Allspring Real Return Fund		2.33%2.58%2.26%3.71%5.07%3.84%1.26%2.12%2.57%1.96%1.77%2.13%

Drawdowns

FFNYX vs. IPBAX - Drawdown Comparison

The maximum FFNYX drawdown since its inception was -0.69%, smaller than the maximum IPBAX drawdown of -15.13%. Use the drawdown chart below to compare losses from any high point for FFNYX and IPBAX.

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Drawdown Indicators

FFNYXIPBAXDifference

Max Drawdown

Largest peak-to-trough decline

-0.69%

-15.13%

+14.44%

Max Drawdown (1Y)

Largest decline over 1 year

—

-3.84%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-13.94%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-13.94%

—

Current Drawdown

Current decline from peak

-0.30%

-0.38%

+0.08%

Average Drawdown

Average peak-to-trough decline

-0.40%

-3.15%

+2.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

1.04%

—

Volatility

FFNYX vs. IPBAX - Volatility Comparison

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Volatility by Period

FFNYXIPBAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

3.22%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

6.48%

—

Volatility (1Y)

Calculated over the trailing 1-year period

2.51%

8.01%

-5.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.51%

7.12%

-4.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.51%

5.93%

-3.42%