FIPDX vs. HYGI

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Inflation-Protected Bond Index Fund (FIPDX) and iShares Inflation Hedged High Yield Bond ETF (HYGI).

FIPDX is managed by Fidelity. It was launched on May 16, 2012. HYGI is a passively managed fund by iShares that tracks the performance of the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. It was launched on Jun 22, 2022.

Performance

FIPDX vs. HYGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Inflation-Protected Bond Index Fund (FIPDX) and iShares Inflation Hedged High Yield Bond ETF (HYGI). The values are adjusted to include any dividend payments, if applicable.

FIPDX vs. HYGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FIPDX Fidelity Inflation-Protected Bond Index Fund	0.33%	6.90%	2.00%	3.77%	-4.65%
HYGI iShares Inflation Hedged High Yield Bond ETF	0.00%	6.20%	9.16%	11.71%	0.65%

Returns By Period

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%

HYGI

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

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

FIPDX vs. HYGI - Expense Ratio Comparison

FIPDX has a 0.05% expense ratio, which is lower than HYGI's 0.52% expense ratio.

HYGI

iShares Inflation Hedged High Yield Bond ETF

FIPDX

Fidelity Inflation-Protected Bond Index Fund

Return for Risk

FIPDX vs. HYGI — Risk / Return Rank

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

FIPDX

FIPDX Risk / Return Rank: 42
FIPDX Sharpe Ratio Rank: 41
FIPDX Sortino Ratio Rank: 36
FIPDX Omega Ratio Rank: 31
FIPDX Calmar Ratio Rank: 60
FIPDX Martin Ratio Rank: 42

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.

FIPDX vs. HYGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Inflation-Protected Bond Index Fund (FIPDX) and iShares Inflation Hedged High Yield Bond ETF (HYGI). 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	HYGI	Difference
Sharpe ratio Return per unit of total volatility	0.83	—	—
Sortino ratio Return per unit of downside risk	1.17	—	—
Omega ratio Gain probability vs. loss probability	1.15	—	—
Calmar ratio Return relative to maximum drawdown	1.37	—	—
Martin ratio Return relative to average drawdown	4.30	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FIPDX	HYGI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	—	—

Correlation

The correlation between FIPDX and HYGI is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FIPDX vs. HYGI - Dividend Comparison

FIPDX's dividend yield for the trailing twelve months is around 4.16%, more than HYGI's 2.46% 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%
HYGI iShares Inflation Hedged High Yield Bond ETF	2.46%	3.41%	6.08%	6.22%	3.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	FIPDX	HYGI	Difference
Max Drawdown Largest peak-to-trough decline	-14.32%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.90%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.32%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-14.32%	—	—
Current Drawdown Current decline from peak	-1.40%	—	—
Average Drawdown Average peak-to-trough decline	-4.52%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	—	—

Volatility

Volatility by Period

	FIPDX	HYGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.13%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.99%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.38%	—	—