FIPDX vs. TIP
Compare and contrast key facts about Fidelity Inflation-Protected Bond Index Fund (FIPDX) and iShares TIPS Bond ETF (TIP).
FIPDX is managed by Fidelity. It was launched on May 16, 2012. TIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Dec 4, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIPDX or TIP.
Correlation
The correlation between FIPDX and TIP is 0.96, 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. TIP - Performance Comparison
Key characteristics
FIPDX:
0.01
TIP:
0.29
FIPDX:
0.05
TIP:
0.43
FIPDX:
1.01
TIP:
1.05
FIPDX:
0.01
TIP:
0.12
FIPDX:
0.05
TIP:
1.00
FIPDX:
1.38%
TIP:
1.33%
FIPDX:
4.91%
TIP:
4.58%
FIPDX:
-14.29%
TIP:
-14.56%
FIPDX:
-8.99%
TIP:
-7.91%
Returns By Period
In the year-to-date period, FIPDX achieves a 0.29% return, which is significantly lower than TIP's 1.64% return. Over the past 10 years, FIPDX has underperformed TIP with an annualized return of 1.28%, while TIP has yielded a comparatively higher 2.11% annualized return.
FIPDX
0.29%
-2.42%
-0.89%
0.07%
0.94%
1.28%
TIP
1.64%
-0.75%
0.65%
1.71%
1.67%
2.11%
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FIPDX vs. TIP - Expense Ratio Comparison
FIPDX has a 0.05% expense ratio, which is lower than TIP's 0.19% 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. TIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Inflation-Protected Bond Index Fund (FIPDX) and iShares TIPS Bond ETF (TIP). 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. TIP - Dividend Comparison
FIPDX's dividend yield for the trailing twelve months is around 2.15%, less than TIP's 2.52% 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% |
TIP iShares TIPS Bond ETF | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% | 1.15% |
Drawdowns
FIPDX vs. TIP - Drawdown Comparison
The maximum FIPDX drawdown since its inception was -14.29%, roughly equal to the maximum TIP drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for FIPDX and TIP. For additional features, visit the drawdowns tool.
Volatility
FIPDX vs. TIP - Volatility Comparison
Fidelity Inflation-Protected Bond Index Fund (FIPDX) has a higher volatility of 2.50% compared to iShares TIPS Bond ETF (TIP) at 1.25%. This indicates that FIPDX's price experiences larger fluctuations and is considered to be riskier than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.