FFNYX vs. TLDTX

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 U.S. Limited Duration TIPS Index Fund (TLDTX).

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. TLDTX is managed by T. Rowe Price. It was launched on Nov 1, 2020.

Performance

FFNYX vs. TLDTX - 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 U.S. Limited Duration TIPS Index Fund (TLDTX). The values are adjusted to include any dividend payments, if applicable.

FFNYX vs. TLDTX - Yearly Performance Comparison

	2026 (YTD)
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	-0.10%
TLDTX T. Rowe Price U.S. Limited Duration TIPS Index Fund	-0.22%

Returns By Period

FFNYX

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

TLDTX

• 1D: 0.00%
• 1M: -0.22%
• YTD: 0.68%
• 6M: 0.88%
• 1Y: 3.59%
• 3Y*: 3.15%
• 5Y*: 1.99%
• 10Y*: —

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

FFNYX vs. TLDTX - Expense Ratio Comparison

FFNYX has a 0.05% expense ratio, which is lower than TLDTX's 0.21% 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%.

TLDTX

T. Rowe Price U.S. Limited Duration TIPS Index Fund

FFNYX

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

Return for Risk

FFNYX vs. TLDTX — Risk / Return Rank

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

TLDTX

TLDTX Risk / Return Rank: 33
TLDTX Sharpe Ratio Rank: 24
TLDTX Sortino Ratio Rank: 23
TLDTX Omega Ratio Rank: 65
TLDTX Calmar Ratio Rank: 36
TLDTX Martin Ratio Rank: 18

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. TLDTX - 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 U.S. Limited Duration TIPS Index Fund (TLDTX). 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	TLDTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.71	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	0.53	-1.52

Correlation

The correlation between FFNYX and TLDTX 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. TLDTX - Dividend Comparison

FFNYX has not paid dividends to shareholders, while TLDTX's dividend yield for the trailing twelve months is around 4.44%.

	TTM	2025	2024	2023	2022	2021
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TLDTX T. Rowe Price U.S. Limited Duration TIPS Index Fund	4.44%	4.66%	1.63%	4.09%	6.45%	4.11%

Drawdowns

FFNYX vs. TLDTX - Drawdown Comparison

The maximum FFNYX drawdown since its inception was -0.69%, smaller than the maximum TLDTX drawdown of -7.24%. Use the drawdown chart below to compare losses from any high point for FFNYX and TLDTX.

Drawdown Indicators

	FFNYX	TLDTX	Difference
Max Drawdown Largest peak-to-trough decline	-0.69%	-7.24%	+6.55%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.28%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-7.24%	—
Current Drawdown Current decline from peak	-0.30%	-2.28%	+1.98%
Average Drawdown Average peak-to-trough decline	-0.39%	-2.30%	+1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.58%	—

Volatility

Volatility by Period

	FFNYX	TLDTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.54%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.38%	4.91%	-2.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.38%	4.66%	-2.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.38%	4.53%	-2.15%