FFNYX vs. TRBFX

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 Limited Duration Inflation Focused Bond Fund (TRBFX).

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. TRBFX is managed by T. Rowe Price. It was launched on Sep 28, 2006.

Performance

FFNYX vs. TRBFX - 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 Limited Duration Inflation Focused Bond Fund (TRBFX). The values are adjusted to include any dividend payments, if applicable.

FFNYX vs. TRBFX - Yearly Performance Comparison

	2026 (YTD)
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	-0.10%
TRBFX T. Rowe Price Limited Duration Inflation Focused Bond Fund	-0.21%

Returns By Period

FFNYX

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

TRBFX

• 1D: 0.00%
• 1M: -0.21%
• YTD: 0.71%
• 6M: 4.30%
• 1Y: 7.56%
• 3Y*: 5.46%
• 5Y*: 3.34%
• 10Y*: 3.22%

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

FFNYX vs. TRBFX - Expense Ratio Comparison

FFNYX has a 0.05% expense ratio, which is lower than TRBFX's 0.41% expense ratio.

TRBFX

T. Rowe Price Limited Duration Inflation Focused Bond Fund

FFNYX

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

Return for Risk

FFNYX vs. TRBFX — Risk / Return Rank

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

TRBFX

TRBFX Risk / Return Rank: 96
TRBFX Sharpe Ratio Rank: 87
TRBFX Sortino Ratio Rank: 97
TRBFX Omega Ratio Rank: 97
TRBFX Calmar Ratio Rank: 99
TRBFX Martin Ratio Rank: 98

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. TRBFX - 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 Limited Duration Inflation Focused Bond Fund (TRBFX). 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	TRBFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.79	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.68	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	0.82	-1.80

Correlation

The correlation between FFNYX and TRBFX 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. TRBFX - Dividend Comparison

FFNYX has not paid dividends to shareholders, while TRBFX's dividend yield for the trailing twelve months is around 8.46%.

	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%
TRBFX T. Rowe Price Limited Duration Inflation Focused Bond Fund	8.46%	8.56%	4.48%	3.64%	6.11%	4.99%	1.38%	3.27%	2.34%	1.61%	1.10%

Drawdowns

FFNYX vs. TRBFX - Drawdown Comparison

The maximum FFNYX drawdown since its inception was -0.69%, smaller than the maximum TRBFX drawdown of -7.33%. Use the drawdown chart below to compare losses from any high point for FFNYX and TRBFX.

Drawdown Indicators

	FFNYX	TRBFX	Difference
Max Drawdown Largest peak-to-trough decline	-0.69%	-7.33%	+6.64%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-7.33%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-7.33%	—
Current Drawdown Current decline from peak	-0.30%	-0.63%	+0.33%
Average Drawdown Average peak-to-trough decline	-0.39%	-1.34%	+0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.39%	—

Volatility

Volatility by Period

	FFNYX	TRBFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.38%	4.25%	-1.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.38%	4.97%	-2.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.38%	3.89%	-1.51%