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 0.94, 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.
Performance
FIPDX vs. SPIP - Performance Comparison
Key characteristics
FIPDX:
0.01
SPIP:
0.32
FIPDX:
0.05
SPIP:
0.47
FIPDX:
1.01
SPIP:
1.06
FIPDX:
0.01
SPIP:
0.14
FIPDX:
0.05
SPIP:
1.18
FIPDX:
1.38%
SPIP:
1.42%
FIPDX:
4.91%
SPIP:
5.28%
FIPDX:
-14.29%
SPIP:
-15.38%
FIPDX:
-8.99%
SPIP:
-8.63%
Returns By Period
In the year-to-date period, FIPDX achieves a 0.29% return, which is significantly lower than SPIP's 2.39% return. Over the past 10 years, FIPDX has underperformed SPIP with an annualized return of 1.28%, while SPIP has yielded a comparatively higher 2.12% annualized return.
FIPDX
0.29%
-2.42%
-0.89%
0.07%
0.94%
1.28%
SPIP
2.39%
-0.71%
0.67%
1.75%
1.69%
2.12%
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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 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 2.15%, less than SPIP's 3.35% 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% |
SPIP SPDR Portfolio TIPS ETF | 3.35% | 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) has a higher volatility of 2.50% compared to SPDR Portfolio TIPS ETF (SPIP) at 1.44%. This indicates that FIPDX's price experiences larger fluctuations and is considered to be riskier than SPIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.