FIPDX vs. FTBFX
FIPDX (Fidelity Inflation-Protected Bond Index Fund) and FTBFX (Fidelity Total Bond Fund) are both mutual funds - FIPDX is a Inflation-Protected Bonds fund tracking the Bloomberg US Treasury Inflation-Protected Securities Index, while FTBFX is a Intermediate Core-Plus Bond fund actively managed by Fidelity. FIPDX is passively managed, while FTBFX is actively managed. Over the past 10 years, FIPDX returned 2.41%/yr vs 2.16%/yr for FTBFX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. FIPDX charges 0.05%/yr vs 0.45%/yr for FTBFX.
Performance
FIPDX vs. FTBFX - Performance Comparison
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Returns By Period
In the year-to-date period, FIPDX achieves a 0.55% return, which is significantly higher than FTBFX's -0.46% return. Over the past 10 years, FIPDX has outperformed FTBFX with an annualized return of 2.41%, while FTBFX has yielded a comparatively lower 2.16% annualized return.
FIPDX
- 1D
- -0.11%
- 1M
- -0.44%
- 6M
- 0.11%
- YTD
- 0.55%
- 1Y
- 2.01%
- 3Y*
- 3.66%
- 5Y*
- 0.31%
- 10Y*
- 2.41%
- ALL TIME*
- 2.16%
FTBFX
- 1D
- 0.11%
- 1M
- -1.26%
- 6M
- -0.69%
- YTD
- -0.46%
- 1Y
- 2.07%
- 3Y*
- 4.27%
- 5Y*
- 0.12%
- 10Y*
- 2.16%
- ALL TIME*
- 3.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FIPDX vs. FTBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIPDX Fidelity Inflation-Protected Bond Index Fund | 0.55% | 6.90% | 2.00% | 3.77% | -12.09% | 5.94% | 10.90% | 8.32% | -1.37% | 2.98% |
FTBFX Fidelity Total Bond Fund | -0.46% | 7.50% | 2.13% | 7.25% | -13.58% | -0.44% | 9.34% | 9.89% | -0.66% | 4.19% |
Correlation
The correlation between FIPDX and FTBFX is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.79 |
Correlation (All Time) Calculated using the full available price history since May 10, 2012 | 0.78 |
The correlation between FIPDX and FTBFX shifts across timeframes, from 0.74 (1 year) to 0.85 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FIPDX vs. FTBFX — Risk / Return Rank
FIPDX
FTBFX
FIPDX vs. FTBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Inflation-Protected Bond Index Fund (FIPDX) and Fidelity Total Bond Fund (FTBFX). 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.
| FIPDX | FTBFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.15 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.11 | +0.16 |
| Martin ratioReturn relative to average drawdown | 3.38 | 2.83 | +0.56 |
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Drawdowns
FIPDX vs. FTBFX - Drawdown Comparison
The maximum FIPDX drawdown since its inception was -14.32%, smaller than the maximum FTBFX drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for FIPDX and FTBFX.
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Drawdown Indicators
| FIPDX | FTBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.32% | -18.25% | +3.93% |
Max Drawdown (1Y)Largest decline over 1 year | -1.94% | -2.89% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -3.95% | -4.96% | +1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -14.32% | -18.25% | +3.93% |
Max Drawdown (10Y)Largest decline over 10 years | -14.32% | -18.25% | +3.93% |
Current DrawdownCurrent decline from peak | -1.19% | -2.31% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -2.31% | -2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 1.13% | -0.40% |
Volatility
FIPDX vs. FTBFX - Volatility Comparison
The current volatility for Fidelity Inflation-Protected Bond Index Fund (FIPDX) is 0.76%, while Fidelity Total Bond Fund (FTBFX) has a volatility of 1.04%. This indicates that FIPDX experiences smaller price fluctuations and is considered to be less risky than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIPDX | FTBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 1.04% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 3.00% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 3.76% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.96% | 5.68% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.36% | 4.74% | +0.62% |
FIPDX vs. FTBFX - Expense Ratio Comparison
FIPDX has a 0.05% expense ratio, which is lower than FTBFX's 0.45% expense ratio.
Dividends
FIPDX vs. FTBFX - Dividend Comparison
FIPDX's dividend yield for the trailing twelve months is around 4.36%, more than FTBFX's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPDX Fidelity Inflation-Protected Bond Index Fund | 4.36% | 4.18% | 3.75% | 3.56% | 8.87% | 4.76% | 1.24% | 1.97% | 2.26% | 1.29% | 1.34% | 0.38% |
FTBFX Fidelity Total Bond Fund | 4.03% | 4.36% | 4.15% | 4.15% | 2.54% | 1.89% | 5.22% | 3.03% | 3.19% | 2.97% | 3.61% | 3.30% |
Frequently Asked Questions
FIPDX and FTBFX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTBFX has higher volatility (1.04%) compared to FIPDX (0.76%). In terms of maximum drawdown, FIPDX dropped -14.32% vs FTBFX's -18.25%.
FTBFX currently has the higher Sharpe Ratio (0.86 vs 0.74), 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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