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 -0.03. 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. TIP - Performance Comparison
Key characteristics
FIPDX:
1.44
TIP:
1.50
FIPDX:
2.03
TIP:
2.09
FIPDX:
1.26
TIP:
1.27
FIPDX:
0.64
TIP:
0.64
FIPDX:
4.29
TIP:
4.51
FIPDX:
1.59%
TIP:
1.56%
FIPDX:
4.73%
TIP:
4.68%
FIPDX:
-14.29%
TIP:
-14.56%
FIPDX:
-4.39%
TIP:
-4.51%
Returns By Period
In the year-to-date period, FIPDX achieves a 3.26% return, which is significantly lower than TIP's 3.68% return. Both investments have delivered pretty close results over the past 10 years, with FIPDX having a 2.23% annualized return and TIP not far behind at 2.16%.
FIPDX
3.26%
0.11%
1.84%
6.93%
1.46%
2.23%
TIP
3.68%
0.43%
2.18%
7.15%
1.37%
2.16%
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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 Rank
FIPDX
TIP
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 3.46%, more than TIP's 3.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPDX Fidelity Inflation-Protected Bond Index Fund | 3.46% | 3.75% | 3.59% | 8.87% | 4.76% | 1.24% | 1.96% | 2.31% | 1.25% | 1.59% | 0.38% | 1.10% |
TIP iShares TIPS Bond ETF | 3.03% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% |
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 2.45% compared to iShares TIPS Bond ETF (TIP) at 2.32%. 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.