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:
1.68
TIP:
1.65
FIPDX:
2.44
TIP:
2.38
FIPDX:
1.30
TIP:
1.29
FIPDX:
0.68
TIP:
0.65
FIPDX:
4.83
TIP:
4.78
FIPDX:
1.53%
TIP:
1.53%
FIPDX:
4.38%
TIP:
4.42%
FIPDX:
-14.29%
TIP:
-14.56%
FIPDX:
-3.03%
TIP:
-3.46%
Returns By Period
The year-to-date returns for both investments are quite close, with FIPDX having a 4.72% return and TIP slightly higher at 4.82%. Both investments have delivered pretty close results over the past 10 years, with FIPDX having a 2.42% annualized return and TIP not far behind at 2.32%.
FIPDX
4.72%
1.31%
1.82%
7.38%
1.94%
2.42%
TIP
4.82%
1.30%
1.81%
7.29%
1.73%
2.32%
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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 3.54%, more than TIP's 3.00% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPDX Fidelity Inflation-Protected Bond Index Fund | 3.54% | 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 | 3.00% | 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 1.38% compared to iShares TIPS Bond ETF (TIP) at 1.26%. 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.