FIPDX vs. SWRSX
FIPDX (Fidelity Inflation-Protected Bond Index Fund) and SWRSX (Schwab Treasury Inflation Protected Securities Index Fund) are both Inflation-Protected Bonds funds. Over the past 10 years, FIPDX returned 2.41%/yr vs 2.40%/yr for SWRSX. Their correlation of 0.94 means they have usually moved in the same direction. Both charge a 0.05% expense ratio.
Performance
FIPDX vs. SWRSX - Performance Comparison
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Returns By Period
In the year-to-date period, FIPDX achieves a 0.55% return, which is significantly lower than SWRSX's 0.70% return. Both investments have delivered pretty close results over the past 10 years, with FIPDX having a 2.41% annualized return and SWRSX not far behind at 2.40%.
FIPDX
- 1D
- -0.11%
- 1M
- -0.44%
- 6M
- 0.11%
- YTD
- 0.55%
- 1Y
- 2.01%
- 3Y*
- 3.66%
- 5Y*
- 0.31%
- 10Y*
- 2.41%
- ALL TIME*
- 2.16%
SWRSX
- 1D
- 0.00%
- 1M
- -0.49%
- 6M
- 0.22%
- YTD
- 0.70%
- 1Y
- 2.04%
- 3Y*
- 3.69%
- 5Y*
- 0.31%
- 10Y*
- 2.40%
- ALL TIME*
- 3.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FIPDX vs. SWRSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIPDX Fidelity Inflation-Protected Bond Index Fund | 0.55% | 6.90% | 2.00% | 3.77% | -12.09% | 5.94% | 10.90% | 8.32% | -1.37% | 2.98% |
SWRSX Schwab Treasury Inflation Protected Securities Index Fund | 0.70% | 6.84% | 1.95% | 3.80% | -12.01% | 5.83% | 10.88% | 8.38% | -1.32% | 2.69% |
Correlation
The correlation between FIPDX and SWRSX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since May 10, 2012 | 0.94 |
The correlation between FIPDX and SWRSX has been stable across timeframes, ranging from 0.91 to 0.97 - a consistent structural relationship.
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Return for Risk
FIPDX vs. SWRSX — Risk / Return Rank
FIPDX
SWRSX
FIPDX vs. SWRSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Inflation-Protected Bond Index Fund (FIPDX) and Schwab Treasury Inflation Protected Securities Index Fund (SWRSX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FIPDX | SWRSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.14 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.34 | -0.07 |
| Martin ratioReturn relative to average drawdown | 3.38 | 3.65 | -0.27 |
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Drawdowns
FIPDX vs. SWRSX - Drawdown Comparison
The maximum FIPDX drawdown since its inception was -14.32%, roughly equal to the maximum SWRSX drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for FIPDX and SWRSX.
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Drawdown Indicators
| FIPDX | SWRSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.32% | -14.29% | -0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -1.94% | -1.90% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -3.95% | -3.96% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -14.32% | -14.29% | -0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -14.32% | -14.29% | -0.03% |
Current DrawdownCurrent decline from peak | -1.19% | -1.09% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -3.70% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.70% | +0.03% |
Volatility
FIPDX vs. SWRSX - Volatility Comparison
Fidelity Inflation-Protected Bond Index Fund (FIPDX) and Schwab Treasury Inflation Protected Securities Index Fund (SWRSX) have volatilities of 0.76% and 0.77%, 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 | SWRSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.77% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 2.38% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 3.18% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.96% | 6.01% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.36% | 5.36% | 0.00% |
FIPDX vs. SWRSX - Expense Ratio Comparison
Both FIPDX and SWRSX 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%.
Dividends
FIPDX vs. SWRSX - Dividend Comparison
FIPDX's dividend yield for the trailing twelve months is around 4.36%, less than SWRSX's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPDX Fidelity Inflation-Protected Bond Index Fund | 4.36% | 4.18% | 3.75% | 3.56% | 8.87% | 4.76% | 1.24% | 1.97% | 2.26% | 1.29% | 1.34% | 0.38% |
SWRSX Schwab Treasury Inflation Protected Securities Index Fund | 4.44% | 4.20% | 3.68% | 3.11% | 7.95% | 4.45% | 1.33% | 2.20% | 2.87% | 1.75% | 1.81% | 1.06% |
Frequently Asked Questions
With a correlation of 0.91, FIPDX and SWRSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SWRSX has higher volatility (0.77%) compared to FIPDX (0.76%). In terms of maximum drawdown, FIPDX dropped -14.32% vs SWRSX's -14.29%.
SWRSX currently has the higher Sharpe Ratio (0.80 vs 0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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