FIPDX vs. SCHP
Compare and contrast key facts about Fidelity Inflation-Protected Bond Index Fund (FIPDX) and Schwab U.S. TIPS ETF (SCHP).
FIPDX is managed by Fidelity. It was launched on May 16, 2012. SCHP is a passively managed fund by Charles Schwab that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Aug 5, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIPDX or SCHP.
Key characteristics
| FIPDX | SCHP | |
|---|---|---|
| YTD Return | 0.20% | 0.02% |
| 1Y Return | 0.93% | 0.93% |
| 3Y Return (Ann) | -1.41% | -1.43% |
| 5Y Return (Ann) | 2.32% | 2.33% |
| 10Y Return (Ann) | 1.91% | 1.91% |
| Sharpe Ratio | 0.24 | 0.15 |
| Daily Std Dev | 5.75% | 5.86% |
| Max Drawdown | -14.29% | -14.26% |
| Current Drawdown | -9.07% | -9.07% |
Correlation
The correlation between FIPDX and SCHP is 0.96, 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.
Performance
FIPDX vs. SCHP - Performance Comparison
In the year-to-date period, FIPDX achieves a 0.20% return, which is significantly higher than SCHP's 0.02% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: FIPDX at 1.91% and SCHP at 1.91%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FIPDX vs. SCHP - Expense Ratio Comparison
Both FIPDX and SCHP have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
FIPDX vs. SCHP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Inflation-Protected Bond Index Fund (FIPDX) and Schwab U.S. TIPS ETF (SCHP). 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.
Dividends
FIPDX vs. SCHP - Dividend Comparison
FIPDX's dividend yield for the trailing twelve months is around 3.73%, more than SCHP's 3.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPDX Fidelity Inflation-Protected Bond Index Fund | 3.73% | 3.59% | 8.87% | 4.76% | 1.24% | 1.96% | 2.31% | 1.25% | 1.59% | 0.38% | 1.10% | 0.66% |
SCHP Schwab U.S. TIPS ETF | 3.09% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.63% | 1.90% | 1.38% | 0.28% | 1.30% | 0.67% |
Drawdowns
FIPDX vs. SCHP - Drawdown Comparison
The maximum FIPDX drawdown since its inception was -14.29%, roughly equal to the maximum SCHP drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for FIPDX and SCHP. For additional features, visit the drawdowns tool.
Volatility
FIPDX vs. SCHP - Volatility Comparison
Fidelity Inflation-Protected Bond Index Fund (FIPDX) and Schwab U.S. TIPS ETF (SCHP) have volatilities of 1.09% and 1.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.