FFNYX vs. VAIPX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund (FFNYX) and Vanguard Inflation-Protected Securities Fund Admiral Shares (VAIPX).

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. VAIPX is managed by Vanguard. It was launched on Jun 10, 2005.

Performance

FFNYX vs. VAIPX - 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 Vanguard Inflation-Protected Securities Fund Admiral Shares (VAIPX). The values are adjusted to include any dividend payments, if applicable.

FFNYX vs. VAIPX - Yearly Performance Comparison

	2026 (YTD)
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	-0.10%
VAIPX Vanguard Inflation-Protected Securities Fund Admiral Shares	-0.60%

Returns By Period

FFNYX

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

VAIPX

• 1D: 0.04%
• 1M: -1.07%
• YTD: 0.35%
• 6M: 0.23%
• 1Y: 2.90%
• 3Y*: 3.09%
• 5Y*: 1.33%
• 10Y*: 2.55%

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

FFNYX vs. VAIPX - Expense Ratio Comparison

FFNYX has a 0.05% expense ratio, which is lower than VAIPX's 0.10% 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%.

VAIPX

Vanguard Inflation-Protected Securities Fund Admiral Shares

FFNYX

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

Return for Risk

FFNYX vs. VAIPX — Risk / Return Rank

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

VAIPX

VAIPX Risk / Return Rank: 31
VAIPX Sharpe Ratio Rank: 29
VAIPX Sortino Ratio Rank: 25
VAIPX Omega Ratio Rank: 21
VAIPX Calmar Ratio Rank: 46
VAIPX Martin Ratio Rank: 33

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. VAIPX - 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 Vanguard Inflation-Protected Securities Fund Admiral Shares (VAIPX). 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	VAIPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.74	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.22	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	0.51	-1.50

Correlation

The correlation between FFNYX and VAIPX 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. VAIPX - Dividend Comparison

FFNYX has not paid dividends to shareholders, while VAIPX's dividend yield for the trailing twelve months is around 4.46%.

	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%
VAIPX Vanguard Inflation-Protected Securities Fund Admiral Shares	4.46%	4.74%	4.17%	4.31%	8.45%	5.13%	1.38%	2.29%	3.12%	2.41%	3.49%	0.88%

Drawdowns

FFNYX vs. VAIPX - Drawdown Comparison

The maximum FFNYX drawdown since its inception was -0.69%, smaller than the maximum VAIPX drawdown of -15.04%. Use the drawdown chart below to compare losses from any high point for FFNYX and VAIPX.

Drawdown Indicators

	FFNYX	VAIPX	Difference
Max Drawdown Largest peak-to-trough decline	-0.69%	-15.04%	+14.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.85%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-14.40%	—
Current Drawdown Current decline from peak	-0.30%	-1.37%	+1.07%
Average Drawdown Average peak-to-trough decline	-0.39%	-3.84%	+3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.94%	—

Volatility

Volatility by Period

	FFNYX	VAIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.40%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.38%	4.10%	-1.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.38%	6.00%	-3.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.38%	5.34%	-2.96%