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.
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.
Performance
FIPDX vs. SCHP - Performance Comparison
Key characteristics
FIPDX:
0.01
SCHP:
0.33
FIPDX:
0.05
SCHP:
0.49
FIPDX:
1.01
SCHP:
1.06
FIPDX:
0.01
SCHP:
0.14
FIPDX:
0.05
SCHP:
1.17
FIPDX:
1.38%
SCHP:
1.32%
FIPDX:
4.91%
SCHP:
4.61%
FIPDX:
-14.29%
SCHP:
-14.26%
FIPDX:
-8.99%
SCHP:
-7.45%
Returns By Period
In the year-to-date period, FIPDX achieves a 0.29% return, which is significantly lower than SCHP's 1.79% return. Over the past 10 years, FIPDX has underperformed SCHP with an annualized return of 1.28%, while SCHP has yielded a comparatively higher 2.21% annualized return.
FIPDX
0.29%
-2.42%
-0.89%
0.07%
0.94%
1.28%
SCHP
1.79%
-0.85%
0.76%
1.69%
1.79%
2.21%
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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%.
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 2.15%, less than SCHP's 2.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPDX Fidelity Inflation-Protected Bond Index Fund | 2.15% | 3.59% | 8.87% | 4.76% | 0.24% | 0.41% | 0.39% | 0.09% | 0.08% | 0.11% | 1.10% | 0.66% |
SCHP Schwab U.S. TIPS ETF | 2.99% | 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) has a higher volatility of 2.50% compared to Schwab U.S. TIPS ETF (SCHP) at 1.30%. This indicates that FIPDX's price experiences larger fluctuations and is considered to be riskier than SCHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.