FFNYX vs. PRIPX

Last updated Apr 2, 2026

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

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. PRIPX is managed by T. Rowe Price. It was launched on Oct 30, 2002.

Performance

FFNYX vs. PRIPX - 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 T. Rowe Price Inflation Protected Bond Fund (PRIPX). The values are adjusted to include any dividend payments, if applicable.

FFNYX vs. PRIPX - Yearly Performance Comparison

	2026 (YTD)
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	-0.10%
PRIPX T. Rowe Price Inflation Protected Bond Fund	-0.77%

Returns By Period

FFNYX

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

PRIPX

• 1D: 0.00%
• 1M: -1.25%
• YTD: 0.29%
• 6M: 3.97%
• 1Y: 7.39%
• 3Y*: 3.22%
• 5Y*: 1.04%
• 10Y*: 2.56%

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

FFNYX vs. PRIPX - Expense Ratio Comparison

FFNYX has a 0.05% expense ratio, which is lower than PRIPX's 0.38% expense ratio.

PRIPX

T. Rowe Price Inflation Protected Bond Fund

FFNYX

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

Return for Risk

FFNYX vs. PRIPX — Risk / Return Rank

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

PRIPX

PRIPX Risk / Return Rank: 83
PRIPX Sharpe Ratio Rank: 71
PRIPX Sortino Ratio Rank: 87
PRIPX Omega Ratio Rank: 80
PRIPX Calmar Ratio Rank: 92
PRIPX Martin Ratio Rank: 86

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. PRIPX - 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 T. Rowe Price Inflation Protected Bond Fund (PRIPX). 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	PRIPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.35	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.15	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	0.60	-1.59

Correlation

The correlation between FFNYX and PRIPX is 0.95, 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. PRIPX - Dividend Comparison

FFNYX has not paid dividends to shareholders, while PRIPX's dividend yield for the trailing twelve months is around 9.67%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
PRIPX T. Rowe Price Inflation Protected Bond Fund	9.67%	9.55%	1.49%	5.02%	7.37%	5.30%	1.97%	3.81%	3.02%	1.87%	1.32%	1.76%

Drawdowns

FFNYX vs. PRIPX - Drawdown Comparison

The maximum FFNYX drawdown since its inception was -0.69%, smaller than the maximum PRIPX drawdown of -16.15%. Use the drawdown chart below to compare losses from any high point for FFNYX and PRIPX.

Drawdown Indicators

	FFNYX	PRIPX	Difference
Max Drawdown Largest peak-to-trough decline	-0.69%	-16.15%	+15.46%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.15%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-16.15%	—
Current Drawdown Current decline from peak	-0.30%	-2.08%	+1.78%
Average Drawdown Average peak-to-trough decline	-0.39%	-3.98%	+3.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.84%	—

Volatility

Volatility by Period

	FFNYX	PRIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.38%	5.53%	-3.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.38%	6.86%	-4.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.38%	5.94%	-3.56%