FIPDX vs. SPIP
Compare and contrast key facts about Fidelity Inflation-Protected Bond Index Fund (FIPDX) and SPDR Portfolio TIPS ETF (SPIP).
FIPDX is managed by Fidelity. It was launched on May 16, 2012. SPIP is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays US Government Inflation-linked Bond Index. It was launched on May 25, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIPDX or SPIP.
Correlation
The correlation between FIPDX and SPIP is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FIPDX vs. SPIP - Performance Comparison
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Key characteristics
FIPDX:
1.12
SPIP:
0.95
FIPDX:
1.63
SPIP:
1.40
FIPDX:
1.21
SPIP:
1.18
FIPDX:
0.56
SPIP:
0.49
FIPDX:
3.47
SPIP:
3.17
FIPDX:
1.59%
SPIP:
1.67%
FIPDX:
4.74%
SPIP:
5.34%
FIPDX:
-14.29%
SPIP:
-15.38%
FIPDX:
-4.70%
SPIP:
-6.07%
Returns By Period
The year-to-date returns for both stocks are quite close, with FIPDX having a 2.93% return and SPIP slightly lower at 2.84%. Both investments have delivered pretty close results over the past 10 years, with FIPDX having a 2.37% annualized return and SPIP not far behind at 2.28%.
FIPDX
2.93%
0.44%
2.52%
5.28%
1.46%
2.37%
SPIP
2.84%
0.40%
2.27%
5.01%
1.19%
2.28%
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FIPDX vs. SPIP - Expense Ratio Comparison
FIPDX has a 0.05% expense ratio, which is lower than SPIP's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FIPDX vs. SPIP — Risk-Adjusted Performance Rank
FIPDX
SPIP
FIPDX vs. SPIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Inflation-Protected Bond Index Fund (FIPDX) and SPDR Portfolio TIPS ETF (SPIP). 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.
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Dividends
FIPDX vs. SPIP - Dividend Comparison
FIPDX's dividend yield for the trailing twelve months is around 3.83%, more than SPIP's 3.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPDX Fidelity Inflation-Protected Bond Index Fund | 3.83% | 3.75% | 3.59% | 8.87% | 4.76% | 1.24% | 1.96% | 2.32% | 1.25% | 1.59% | 0.38% | 1.10% |
SPIP SPDR Portfolio TIPS ETF | 3.41% | 3.35% | 3.70% | 7.06% | 4.53% | 1.97% | 2.60% | 2.80% | 3.02% | 1.88% | 0.14% | 1.66% |
Drawdowns
FIPDX vs. SPIP - Drawdown Comparison
The maximum FIPDX drawdown since its inception was -14.29%, smaller than the maximum SPIP drawdown of -15.38%. Use the drawdown chart below to compare losses from any high point for FIPDX and SPIP. For additional features, visit the drawdowns tool.
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Volatility
FIPDX vs. SPIP - Volatility Comparison
The current volatility for Fidelity Inflation-Protected Bond Index Fund (FIPDX) is 1.50%, while SPDR Portfolio TIPS ETF (SPIP) has a volatility of 1.65%. This indicates that FIPDX experiences smaller price fluctuations and is considered to be less risky than SPIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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