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
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Key characteristics
FIPDX:
1.12
TIP:
1.06
FIPDX:
1.63
TIP:
1.52
FIPDX:
1.21
TIP:
1.19
FIPDX:
0.56
TIP:
0.52
FIPDX:
3.47
TIP:
3.30
FIPDX:
1.59%
TIP:
1.58%
FIPDX:
4.74%
TIP:
4.74%
FIPDX:
-14.29%
TIP:
-14.56%
FIPDX:
-4.70%
TIP:
-5.26%
Returns By Period
The year-to-date returns for both stocks are quite close, with FIPDX having a 2.93% return and TIP slightly lower at 2.87%. Over the past 10 years, FIPDX has outperformed TIP with an annualized return of 2.37%, while TIP has yielded a comparatively lower 2.25% annualized return.
FIPDX
2.93%
0.44%
2.52%
5.28%
1.46%
2.37%
TIP
2.87%
0.38%
2.35%
4.99%
1.26%
2.25%
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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.
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Dividends
FIPDX vs. TIP - Dividend Comparison
FIPDX's dividend yield for the trailing twelve months is around 3.83%, more than TIP's 2.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPDX Fidelity Inflation-Protected Bond Index Fund | 3.83% | 3.75% | 3.59% | 8.87% | 4.76% | 1.24% | 1.96% | 2.32% | 1.25% | 1.59% | 0.38% | 1.10% |
TIP iShares TIPS Bond ETF | 2.93% | 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.
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Volatility
FIPDX vs. TIP - Volatility Comparison
The current volatility for Fidelity Inflation-Protected Bond Index Fund (FIPDX) is 1.50%, while iShares TIPS Bond ETF (TIP) has a volatility of 1.58%. This indicates that FIPDX experiences smaller price fluctuations and is considered to be less risky than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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