FIPDX vs. BND
Compare and contrast key facts about Fidelity Inflation-Protected Bond Index Fund (FIPDX) and Vanguard Total Bond Market ETF (BND).
FIPDX is managed by Fidelity. It was launched on May 16, 2012. BND is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
FIPDX vs. BND - Performance Comparison
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FIPDX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIPDX Fidelity Inflation-Protected Bond Index Fund | 0.33% | 6.90% | 2.00% | 3.77% | -12.09% | 5.94% | 10.90% | 8.32% | -1.37% | 2.98% |
BND Vanguard Total Bond Market ETF | 0.05% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Returns By Period
In the year-to-date period, FIPDX achieves a 0.33% return, which is significantly higher than BND's 0.05% return. Over the past 10 years, FIPDX has outperformed BND with an annualized return of 2.58%, while BND has yielded a comparatively lower 1.67% annualized return.
FIPDX
- 1D
- 0.55%
- 1M
- -1.40%
- YTD
- 0.33%
- 6M
- 0.37%
- 1Y
- 2.97%
- 3Y*
- 3.15%
- 5Y*
- 1.44%
- 10Y*
- 2.58%
BND
- 1D
- 0.22%
- 1M
- -1.74%
- YTD
- 0.05%
- 6M
- 0.95%
- 1Y
- 4.24%
- 3Y*
- 3.59%
- 5Y*
- 0.24%
- 10Y*
- 1.67%
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FIPDX vs. BND - Expense Ratio Comparison
FIPDX has a 0.05% expense ratio, which is higher than BND's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FIPDX vs. BND — Risk / Return Rank
FIPDX
BND
FIPDX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Inflation-Protected Bond Index Fund (FIPDX) and Vanguard Total Bond Market ETF (BND). 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.
| FIPDX | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.99 | -0.16 |
Sortino ratioReturn per unit of downside risk | 1.17 | 1.41 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.18 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.81 | -0.44 |
Martin ratioReturn relative to average drawdown | 4.30 | 4.98 | -0.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIPDX | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.99 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.04 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.30 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.59 | -0.19 |
Correlation
The correlation between FIPDX and BND is 0.80, 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
FIPDX vs. BND - Dividend Comparison
FIPDX's dividend yield for the trailing twelve months is around 4.16%, more than BND's 3.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPDX Fidelity Inflation-Protected Bond Index Fund | 4.16% | 4.18% | 3.75% | 3.56% | 8.87% | 4.76% | 1.24% | 1.97% | 2.26% | 1.29% | 1.34% | 0.38% |
BND Vanguard Total Bond Market ETF | 3.91% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Drawdowns
FIPDX vs. BND - Drawdown Comparison
The maximum FIPDX drawdown since its inception was -14.32%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for FIPDX and BND.
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Drawdown Indicators
| FIPDX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.32% | -18.58% | +4.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -2.44% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -14.32% | -17.91% | +3.59% |
Max Drawdown (10Y)Largest decline over 10 years | -14.32% | -18.58% | +4.26% |
Current DrawdownCurrent decline from peak | -1.40% | -2.58% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -3.07% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.89% | +0.03% |
Volatility
FIPDX vs. BND - Volatility Comparison
The current volatility for Fidelity Inflation-Protected Bond Index Fund (FIPDX) is 1.37%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.63%. This indicates that FIPDX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIPDX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.63% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 2.52% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 4.30% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.99% | 6.00% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.38% | 5.52% | -0.14% |