FFNYX vs. WAIIX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund (FFNYX) and Western Asset Inflation Indexed Plus Bond Fund (WAIIX).

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. WAIIX is managed by Franklin Templeton. It was launched on Feb 28, 2001.

Performance

FFNYX vs. WAIIX - 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 Western Asset Inflation Indexed Plus Bond Fund (WAIIX). The values are adjusted to include any dividend payments, if applicable.

FFNYX vs. WAIIX - Yearly Performance Comparison

	2026 (YTD)
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	-0.10%
WAIIX Western Asset Inflation Indexed Plus Bond Fund	-0.84%

Returns By Period

FFNYX

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

WAIIX

• 1D: -0.11%
• 1M: -1.46%
• YTD: -0.11%
• 6M: -0.24%
• 1Y: 2.49%
• 3Y*: 2.37%
• 5Y*: 0.66%
• 10Y*: 2.12%

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

FFNYX vs. WAIIX - Expense Ratio Comparison

FFNYX has a 0.05% expense ratio, which is lower than WAIIX's 0.54% expense ratio.

WAIIX

Western Asset Inflation Indexed Plus Bond Fund

FFNYX

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

Return for Risk

FFNYX vs. WAIIX — Risk / Return Rank

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

WAIIX

WAIIX Risk / Return Rank: 18
WAIIX Sharpe Ratio Rank: 16
WAIIX Sortino Ratio Rank: 14
WAIIX Omega Ratio Rank: 12
WAIIX Calmar Ratio Rank: 23
WAIIX Martin Ratio Rank: 22

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. WAIIX - 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 Western Asset Inflation Indexed Plus Bond Fund (WAIIX). 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	WAIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.56	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.10	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	0.63	-1.62

Correlation

The correlation between FFNYX and WAIIX is 0.87, 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. WAIIX - Dividend Comparison

FFNYX has not paid dividends to shareholders, while WAIIX's dividend yield for the trailing twelve months is around 3.33%.

	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%
WAIIX Western Asset Inflation Indexed Plus Bond Fund	3.33%	4.12%	3.44%	2.80%	6.69%	12.25%	1.38%	2.18%	2.82%	2.03%	1.30%	0.37%

Drawdowns

FFNYX vs. WAIIX - Drawdown Comparison

The maximum FFNYX drawdown since its inception was -0.69%, smaller than the maximum WAIIX drawdown of -16.55%. Use the drawdown chart below to compare losses from any high point for FFNYX and WAIIX.

Drawdown Indicators

	FFNYX	WAIIX	Difference
Max Drawdown Largest peak-to-trough decline	-0.69%	-16.55%	+15.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.99%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-15.99%	—
Current Drawdown Current decline from peak	-0.30%	-3.59%	+3.29%
Average Drawdown Average peak-to-trough decline	-0.39%	-3.83%	+3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.89%	—

Volatility

Volatility by Period

	FFNYX	WAIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.41%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.38%	4.27%	-1.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.38%	6.39%	-4.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.38%	5.66%	-3.28%