FFNYX vs. VTIPX

Last updated Jul 11, 2026

FFNYX (Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund) and VTIPX (Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares) are both Inflation-Protected Bonds funds. Their correlation of 0.92 suggests significant overlap in exposure. FFNYX charges 0.05%/yr vs 0.14%/yr for VTIPX.

Performance

FFNYX vs. VTIPX - 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 Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FFNYX

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

VTIPX

• 1D: 0.00%
• 1M: 0.02%
• 6M: 1.61%
• YTD: 1.73%
• 1Y: 3.52%
• 3Y*: 5.17%
• 5Y*: 3.18%
• 10Y*: 2.96%

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

FFNYX vs. VTIPX - Yearly Performance Comparison

	2026 (YTD)
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.73%
VTIPX Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares	0.83%

Correlation

The correlation between FFNYX and VTIPX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 16, 2026	0.92

Return for Risk

FFNYX vs. VTIPX — Risk / Return Rank

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

FFNYX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

VTIPX

VTIPX Risk / Return Rank: 90
VTIPX Sharpe Ratio Rank: 86
VTIPX Sortino Ratio Rank: 89
VTIPX Omega Ratio Rank: 86
VTIPX Calmar Ratio Rank: 96
VTIPX Martin Ratio Rank: 94

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. VTIPX - 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 Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FFNYX	VTIPX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.28	—
Sortino ratio: Return per unit of downside risk	—	3.62	—
Omega ratio: Gain probability vs. loss probability	—	1.47	—
Calmar ratio: Return relative to maximum drawdown	—	4.98	—
Martin ratio: Return relative to average drawdown	—	15.93	—

Drawdowns

FFNYX vs. VTIPX - Drawdown Comparison

The maximum FFNYX drawdown since its inception was -0.78%, smaller than the maximum VTIPX drawdown of -5.36%. Use the drawdown chart below to compare losses from any high point for FFNYX and VTIPX.

Drawdown Indicators

	FFNYX	VTIPX	Difference
Max Drawdown Largest peak-to-trough decline	-0.78%	-5.36%	+4.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.72%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-5.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-5.36%	—
Current Drawdown Current decline from peak	-0.29%	-0.30%	+0.01%
Average Drawdown Average peak-to-trough decline	-0.25%	-1.11%	+0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.22%	—

Volatility

Volatility by Period

	FFNYX	VTIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.97%	1.57%	+0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.97%	2.65%	-0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.97%	2.23%	-0.26%

FFNYX vs. VTIPX - Expense Ratio Comparison

FFNYX has a 0.05% expense ratio, which is lower than VTIPX's 0.14% 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%.

Dividends

FFNYX vs. VTIPX - Dividend Comparison

FFNYX's dividend yield for the trailing twelve months is around 0.04%, less than VTIPX's 4.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VTIPX Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares	4.05%	3.70%	2.60%	2.76%	6.74%	4.59%	1.11%	1.88%	2.37%	1.50%	0.55%

Frequently Asked Questions

Can I hold both FFNYX and VTIPX in my portfolio?

With a correlation of 0.92, FFNYX and VTIPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.