FFNYX vs. TILUX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund (FFNYX) and Morgan Stanley Pathway Funds Inflation-Linked Fixed Income Fund (TILUX).

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. TILUX is managed by Morgan Stanley. It was launched on Mar 7, 2016.

Performance

FFNYX vs. TILUX - 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 Morgan Stanley Pathway Funds Inflation-Linked Fixed Income Fund (TILUX). The values are adjusted to include any dividend payments, if applicable.

FFNYX vs. TILUX - Yearly Performance Comparison

	2026 (YTD)
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	-0.10%
TILUX Morgan Stanley Pathway Funds Inflation-Linked Fixed Income Fund	-0.60%

Returns By Period

FFNYX

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

TILUX

• 1D: 0.24%
• 1M: -1.31%
• YTD: -0.12%
• 6M: -0.68%
• 1Y: 1.39%
• 3Y*: 2.88%
• 5Y*: 0.97%
• 10Y*: 2.53%

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

FFNYX vs. TILUX - Expense Ratio Comparison

FFNYX has a 0.05% expense ratio, which is lower than TILUX's 0.86% expense ratio.

TILUX

Morgan Stanley Pathway Funds Inflation-Linked Fixed Income Fund

FFNYX

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

Return for Risk

FFNYX vs. TILUX — Risk / Return Rank

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

TILUX

TILUX Risk / Return Rank: 19
TILUX Sharpe Ratio Rank: 10
TILUX Sortino Ratio Rank: 9
TILUX Omega Ratio Rank: 8
TILUX Calmar Ratio Rank: 42
TILUX Martin Ratio Rank: 28

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. TILUX - 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 Morgan Stanley Pathway Funds Inflation-Linked Fixed Income Fund (TILUX). 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	TILUX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.37	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.17	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	0.52	-1.51

Correlation

The correlation between FFNYX and TILUX is 0.84, 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. TILUX - Dividend Comparison

FFNYX has not paid dividends to shareholders, while TILUX's dividend yield for the trailing twelve months is around 2.47%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
TILUX Morgan Stanley Pathway Funds Inflation-Linked Fixed Income Fund	2.47%	2.92%	3.72%	1.77%	16.54%	9.24%	2.28%	2.27%	3.45%	3.01%	2.97%

Drawdowns

FFNYX vs. TILUX - Drawdown Comparison

The maximum FFNYX drawdown since its inception was -0.69%, smaller than the maximum TILUX drawdown of -14.72%. Use the drawdown chart below to compare losses from any high point for FFNYX and TILUX.

Drawdown Indicators

	FFNYX	TILUX	Difference
Max Drawdown Largest peak-to-trough decline	-0.69%	-14.72%	+14.03%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.72%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-14.72%	—
Current Drawdown Current decline from peak	-0.30%	-2.01%	+1.71%
Average Drawdown Average peak-to-trough decline	-0.39%	-3.65%	+3.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.26%	—

Volatility

Volatility by Period

	FFNYX	TILUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.38%	5.19%	-2.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.38%	6.02%	-3.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.38%	5.42%	-3.04%