FFNYX vs. TIILX

Last updated Jun 4, 2026

FFNYX (Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund) and TIILX (TIAA-CREF Inflation-Linked Bond Fund) are both Inflation-Protected Bonds funds. A 0.73 correlation means they provide meaningful diversification when combined. FFNYX charges 0.05%/yr vs 0.23%/yr for TIILX.

Performance

FFNYX vs. TIILX - 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 TIAA-CREF Inflation-Linked Bond Fund (TIILX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FFNYX

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

TIILX

• 1D: 0.00%
• 1M: -0.09%
• YTD: 1.67%
• 6M: 1.39%
• 1Y: 4.88%
• 3Y*: 4.81%
• 5Y*: 2.35%
• 10Y*: 2.92%

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

FFNYX vs. TIILX - Yearly Performance Comparison

	2026 (YTD)
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.93%
TIILX TIAA-CREF Inflation-Linked Bond Fund	0.46%

Correlation

The correlation between FFNYX and TIILX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 17, 2026	0.73

Return for Risk

FFNYX vs. TIILX — Risk / Return Rank

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

TIILX

TIILX Risk / Return Rank: 55
TIILX Sharpe Ratio Rank: 40
TIILX Sortino Ratio Rank: 50
TIILX Omega Ratio Rank: 43
TIILX Calmar Ratio Rank: 77
TIILX Martin Ratio Rank: 64

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. TIILX - 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 TIAA-CREF Inflation-Linked Bond Fund (TIILX). 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	TIILX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.86	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.54	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.37	0.70	+1.67

Drawdowns

FFNYX vs. TIILX - Drawdown Comparison

The maximum FFNYX drawdown since its inception was -0.69%, smaller than the maximum TIILX drawdown of -14.24%. Use the drawdown chart below to compare losses from any high point for FFNYX and TIILX.

Drawdown Indicators

	FFNYX	TIILX	Difference
Max Drawdown Largest peak-to-trough decline	-0.69%	-14.24%	+13.55%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.37%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-2.49%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.57%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-9.57%	—
Current Drawdown Current decline from peak	-0.10%	-0.18%	+0.08%
Average Drawdown Average peak-to-trough decline	-0.18%	-2.92%	+2.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.38%	—

Volatility

Volatility by Period

	FFNYX	TIILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.89%	2.61%	-0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.89%	4.39%	-2.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.89%	3.82%	-1.93%

FFNYX vs. TIILX - Expense Ratio Comparison

FFNYX has a 0.05% expense ratio, which is lower than TIILX's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FFNYX vs. TIILX - Dividend Comparison

FFNYX's dividend yield for the trailing twelve months is around 0.04%, less than TIILX's 3.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TIILX TIAA-CREF Inflation-Linked Bond Fund	3.08%	3.95%	3.45%	3.38%	8.60%	6.29%	1.28%	1.85%	2.59%	2.00%	1.55%	0.33%

Frequently Asked Questions

Can I hold both FFNYX and TIILX in my portfolio?

FFNYX and TIILX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.