FFNYX vs. VIPSX

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 Investor Shares (VIPSX).

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. VIPSX is managed by Vanguard. It was launched on Jun 29, 2000.

Performance

FFNYX vs. VIPSX - 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 Investor Shares (VIPSX). The values are adjusted to include any dividend payments, if applicable.

FFNYX vs. VIPSX - Yearly Performance Comparison

	2026 (YTD)
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	-0.10%
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares	-0.59%

Returns By Period

FFNYX

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

VIPSX

• 1D: 0.09%
• 1M: -1.10%
• YTD: 0.34%
• 6M: 0.21%
• 1Y: 2.77%
• 3Y*: 2.99%
• 5Y*: 1.24%
• 10Y*: 2.45%

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

FFNYX vs. VIPSX - Expense Ratio Comparison

FFNYX has a 0.05% expense ratio, which is lower than VIPSX's 0.20% 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%.

VIPSX

Vanguard Inflation-Protected Securities Fund Investor Shares

FFNYX

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

Return for Risk

FFNYX vs. VIPSX — Risk / Return Rank

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

VIPSX

VIPSX Risk / Return Rank: 29
VIPSX Sharpe Ratio Rank: 27
VIPSX Sortino Ratio Rank: 23
VIPSX Omega Ratio Rank: 19
VIPSX Calmar Ratio Rank: 45
VIPSX Martin Ratio Rank: 31

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. VIPSX - 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 Investor Shares (VIPSX). 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	VIPSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.70	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.21	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	0.75	-1.74

Correlation

The correlation between FFNYX and VIPSX is 0.90, 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. VIPSX - Dividend Comparison

FFNYX has not paid dividends to shareholders, while VIPSX's dividend yield for the trailing twelve months is around 4.39%.

	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%
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares	4.39%	4.64%	4.07%	4.20%	8.34%	5.03%	1.28%	2.22%	3.03%	2.32%	3.38%	0.77%

Drawdowns

FFNYX vs. VIPSX - Drawdown Comparison

The maximum FFNYX drawdown since its inception was -0.69%, smaller than the maximum VIPSX drawdown of -15.13%. Use the drawdown chart below to compare losses from any high point for FFNYX and VIPSX.

Drawdown Indicators

	FFNYX	VIPSX	Difference
Max Drawdown Largest peak-to-trough decline	-0.69%	-15.13%	+14.44%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-14.55%	—
Current Drawdown Current decline from peak	-0.30%	-1.34%	+1.04%
Average Drawdown Average peak-to-trough decline	-0.39%	-3.26%	+2.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.95%	—

Volatility

Volatility by Period

	FFNYX	VIPSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.38%	4.11%	-1.73%
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%