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.
Performance
FIPDX vs. SCHP - Performance Comparison
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FIPDX vs. SCHP - 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% |
SCHP Schwab U.S. TIPS ETF | 0.45% | 6.76% | 1.95% | 3.91% | -12.02% | 5.87% | 10.86% | 8.52% | -1.78% | 3.02% |
Returns By Period
In the year-to-date period, FIPDX achieves a 0.33% return, which is significantly lower than SCHP's 0.45% return. Both investments have delivered pretty close results over the past 10 years, with FIPDX having a 2.58% annualized return and SCHP not far behind at 2.57%.
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%
SCHP
- 1D
- 0.11%
- 1M
- -1.26%
- YTD
- 0.45%
- 6M
- 0.38%
- 1Y
- 2.96%
- 3Y*
- 3.15%
- 5Y*
- 1.39%
- 10Y*
- 2.57%
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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%.
Return for Risk
FIPDX vs. SCHP — Risk / Return Rank
FIPDX
SCHP
FIPDX vs. SCHP - Risk-Adjusted Trends 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.
| FIPDX | SCHP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.74 | +0.10 |
Sortino ratioReturn per unit of downside risk | 1.17 | 1.02 | +0.14 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.13 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.21 | +0.16 |
Martin ratioReturn relative to average drawdown | 4.30 | 3.63 | +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 | SCHP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.74 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.23 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.46 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.50 | -0.10 |
Correlation
The correlation between FIPDX and SCHP is 0.95, 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. SCHP - Dividend Comparison
FIPDX's dividend yield for the trailing twelve months is around 4.16%, more than SCHP's 3.98% 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% |
SCHP Schwab U.S. TIPS ETF | 3.98% | 4.06% | 2.99% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.26% | 1.90% | 1.38% | 0.28% |
Drawdowns
FIPDX vs. SCHP - Drawdown Comparison
The maximum FIPDX drawdown since its inception was -14.32%, 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.
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Drawdown Indicators
| FIPDX | SCHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.32% | -14.26% | -0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -2.78% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -14.32% | -14.26% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -14.32% | -14.26% | -0.06% |
Current DrawdownCurrent decline from peak | -1.40% | -1.26% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -3.98% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.93% | -0.01% |
Volatility
FIPDX vs. SCHP - Volatility Comparison
Fidelity Inflation-Protected Bond Index Fund (FIPDX) and Schwab U.S. TIPS ETF (SCHP) have volatilities of 1.37% and 1.36%, 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.
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Volatility by Period
| FIPDX | SCHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.36% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 2.22% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 4.06% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.99% | 6.14% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.38% | 5.60% | -0.22% |