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.
Performance
FIPDX vs. SPIP - Performance Comparison
Returns By Period
In the year-to-date period, FIPDX achieves a 2.67% return, which is significantly lower than SPIP's 3.12% return. Over the past 10 years, FIPDX has underperformed SPIP with an annualized return of 1.40%, while SPIP has yielded a comparatively higher 2.08% annualized return.
FIPDX
2.67%
-0.87%
2.92%
5.57%
1.46%
1.40%
SPIP
3.12%
-0.89%
2.84%
5.45%
1.82%
2.08%
Key characteristics
| FIPDX | SPIP | |
|---|---|---|
| Sharpe Ratio | 1.17 | 0.98 |
| Sortino Ratio | 1.74 | 1.48 |
| Omega Ratio | 1.21 | 1.17 |
| Calmar Ratio | 0.46 | 0.43 |
| Martin Ratio | 4.80 | 4.44 |
| Ulcer Index | 1.16% | 1.26% |
| Daily Std Dev | 4.75% | 5.74% |
| Max Drawdown | -14.29% | -15.38% |
| Current Drawdown | -6.84% | -7.98% |
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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%.
Correlation
The correlation between FIPDX and SPIP is 0.94, 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.
Risk-Adjusted Performance
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.
Dividends
FIPDX vs. SPIP - Dividend Comparison
FIPDX's dividend yield for the trailing twelve months is around 5.49%, more than SPIP's 3.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPDX Fidelity Inflation-Protected Bond Index Fund | 5.49% | 3.59% | 8.87% | 4.76% | 0.24% | 0.41% | 0.39% | 0.09% | 0.08% | 0.11% | 1.10% | 0.66% |
SPIP SPDR Portfolio TIPS ETF | 3.22% | 3.70% | 7.06% | 4.53% | 1.97% | 2.60% | 2.80% | 3.02% | 1.88% | 0.14% | 1.66% | 1.11% |
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.
Volatility
FIPDX vs. SPIP - Volatility Comparison
Fidelity Inflation-Protected Bond Index Fund (FIPDX) and SPDR Portfolio TIPS ETF (SPIP) have volatilities of 1.14% and 1.18%, 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.