FFNYX vs. PQTSX

Last updated Apr 2, 2026

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

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. PQTSX is managed by PGIM. It was launched on Nov 14, 2016.

Performance

FFNYX vs. PQTSX - 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 PGIM TIPS Fund (PQTSX). The values are adjusted to include any dividend payments, if applicable.

FFNYX vs. PQTSX - Yearly Performance Comparison

	2026 (YTD)
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	-0.10%
PQTSX PGIM TIPS Fund	-0.71%

Returns By Period

FFNYX

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

PQTSX

• 1D: 0.12%
• 1M: -1.18%
• YTD: 0.24%
• 6M: 0.04%
• 1Y: 2.67%
• 3Y*: 2.42%
• 5Y*: 1.02%
• 10Y*: —

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

FFNYX vs. PQTSX - Expense Ratio Comparison

FFNYX has a 0.05% expense ratio, which is lower than PQTSX's 0.39% expense ratio.

PQTSX

PGIM TIPS Fund

FFNYX

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

Return for Risk

FFNYX vs. PQTSX — Risk / Return Rank

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

PQTSX

PQTSX Risk / Return Rank: 26
PQTSX Sharpe Ratio Rank: 20
PQTSX Sortino Ratio Rank: 16
PQTSX Omega Ratio Rank: 15
PQTSX Calmar Ratio Rank: 47
PQTSX Martin Ratio Rank: 32

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. PQTSX - 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 PGIM TIPS Fund (PQTSX). 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	PQTSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.63	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	0.40	-1.38

Correlation

The correlation between FFNYX and PQTSX is 0.85, 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. PQTSX - Dividend Comparison

FFNYX has not paid dividends to shareholders, while PQTSX's dividend yield for the trailing twelve months is around 3.83%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
PQTSX PGIM TIPS Fund	3.83%	4.95%	4.39%	3.25%	6.51%	9.54%	2.60%	2.48%	3.26%	1.11%

Drawdowns

FFNYX vs. PQTSX - Drawdown Comparison

The maximum FFNYX drawdown since its inception was -0.69%, smaller than the maximum PQTSX drawdown of -16.40%. Use the drawdown chart below to compare losses from any high point for FFNYX and PQTSX.

Drawdown Indicators

	FFNYX	PQTSX	Difference
Max Drawdown Largest peak-to-trough decline	-0.69%	-16.40%	+15.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.40%	—
Current Drawdown Current decline from peak	-0.30%	-4.20%	+3.90%
Average Drawdown Average peak-to-trough decline	-0.39%	-4.90%	+4.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.95%	—

Volatility

Volatility by Period

	FFNYX	PQTSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.38%	4.42%	-2.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.38%	6.32%	-3.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.38%	5.69%	-3.31%