FIPDX vs. FIKFX
FIPDX (Fidelity Inflation-Protected Bond Index Fund) and FIKFX (Fidelity Freedom Index Income Fund Investor Class) are both mutual funds - FIPDX is a Inflation-Protected Bonds fund managed by Fidelity, while FIKFX is a Target Retirement Date fund managed by Fidelity. Over the past 10 years, FIPDX returned 2.67%/yr vs 4.24%/yr for FIKFX. At a 0.47 correlation, their price movements are largely independent. FIPDX charges 0.05%/yr vs 0.12%/yr for FIKFX.
Performance
FIPDX vs. FIKFX - Performance Comparison
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Returns By Period
In the year-to-date period, FIPDX achieves a 1.66% return, which is significantly lower than FIKFX's 4.19% return. Over the past 10 years, FIPDX has underperformed FIKFX with an annualized return of 2.67%, while FIKFX has yielded a comparatively higher 4.24% annualized return.
FIPDX
- 1D
- 0.00%
- 1M
- 0.11%
- YTD
- 1.66%
- 6M
- 1.22%
- 1Y
- 5.23%
- 3Y*
- 4.08%
- 5Y*
- 1.22%
- 10Y*
- 2.67%
FIKFX
- 1D
- 0.08%
- 1M
- 1.67%
- YTD
- 4.19%
- 6M
- 4.33%
- 1Y
- 10.42%
- 3Y*
- 7.66%
- 5Y*
- 3.25%
- 10Y*
- 4.24%
FIPDX vs. FIKFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIPDX Fidelity Inflation-Protected Bond Index Fund | 1.66% | 6.90% | 2.00% | 3.77% | -12.09% | 5.94% | 10.90% | 8.32% | -1.37% | 2.98% |
FIKFX Fidelity Freedom Index Income Fund Investor Class | 4.19% | 9.23% | 4.96% | 8.28% | -11.09% | 2.79% | 8.54% | 10.59% | -0.76% | 6.66% |
Correlation
The correlation between FIPDX and FIKFX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since May 11, 2012 | 0.47 |
The correlation between FIPDX and FIKFX shifts across timeframes, from 0.47 (all time) to 0.73 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FIPDX vs. FIKFX — Risk / Return Rank
FIPDX
FIKFX
FIPDX vs. FIKFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Inflation-Protected Bond Index Fund (FIPDX) and Fidelity Freedom Index Income Fund Investor Class (FIKFX). 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 | FIKFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.54 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 3.15 | -0.50 |
| Martin ratioReturn relative to average drawdown | 7.78 | 14.03 | -6.26 |
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 | FIKFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 2.63 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.64 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.96 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 1.01 | -0.60 |
Drawdowns
FIPDX vs. FIKFX - Drawdown Comparison
The maximum FIPDX drawdown since its inception was -14.32%, roughly equal to the maximum FIKFX drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for FIPDX and FIKFX.
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Drawdown Indicators
| FIPDX | FIKFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.32% | -15.03% | +0.71% |
Max Drawdown (1Y)Largest decline over 1 year | -1.94% | -3.32% | +1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -4.49% | -4.76% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -14.32% | -15.03% | +0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -14.32% | -15.03% | +0.71% |
Current DrawdownCurrent decline from peak | -0.11% | 0.00% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -4.47% | -1.72% | -2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.74% | -0.08% |
Volatility
FIPDX vs. FIKFX - Volatility Comparison
The current volatility for Fidelity Inflation-Protected Bond Index Fund (FIPDX) is 0.90%, while Fidelity Freedom Index Income Fund Investor Class (FIKFX) has a volatility of 1.49%. This indicates that FIPDX experiences smaller price fluctuations and is considered to be less risky than FIKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIPDX | FIKFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 1.49% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.30% | 3.31% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 3.98% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.98% | 5.12% | +0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 4.44% | +0.93% |
FIPDX vs. FIKFX - Expense Ratio Comparison
FIPDX has a 0.05% expense ratio, which is lower than FIKFX's 0.12% 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
FIPDX vs. FIKFX - Dividend Comparison
FIPDX's dividend yield for the trailing twelve months is around 3.79%, more than FIKFX's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKFX Fidelity Freedom Index Income Fund Investor Class | 3.19% | 3.40% | 3.13% | 2.85% | 3.06% | 2.04% | 2.18% | 7.27% | 2.94% | 1.89% | 1.65% | 1.39% |
FIPDX Fidelity Inflation-Protected Bond Index Fund | 3.79% | 4.18% | 3.75% | 3.56% | 8.87% | 4.76% | 1.24% | 1.97% | 2.26% | 1.29% | 1.34% | 0.38% |
Frequently Asked Questions
FIPDX and FIKFX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIKFX has higher volatility (1.49%) compared to FIPDX (0.90%). In terms of maximum drawdown, FIPDX dropped -14.32% vs FIKFX's -15.03%.
FIKFX currently has the higher Sharpe Ratio (2.63 vs 1.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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