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.
Performance
FIPDX vs. TIP - Performance Comparison
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FIPDX vs. TIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIPDX Fidelity Inflation-Protected Bond Index Fund | 0.33% | 6.90% | 2.00% | 3.77% | -12.09% | 5.94% | 10.90% | 8.32% | -1.37% | 2.98% |
TIP iShares TIPS Bond ETF | 0.41% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
Returns By Period
In the year-to-date period, FIPDX achieves a 0.33% return, which is significantly lower than TIP's 0.41% return. Both investments have delivered pretty close results over the past 10 years, with FIPDX having a 2.58% annualized return and TIP not far behind at 2.49%.
FIPDX
- 1D
- 0.55%
- 1M
- -1.40%
- YTD
- 0.33%
- 6M
- 0.37%
- 1Y
- 2.97%
- 3Y*
- 3.15%
- 5Y*
- 1.44%
- 10Y*
- 2.58%
TIP
- 1D
- 0.01%
- 1M
- -1.36%
- YTD
- 0.41%
- 6M
- 0.33%
- 1Y
- 2.82%
- 3Y*
- 2.98%
- 5Y*
- 1.24%
- 10Y*
- 2.49%
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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%.
Return for Risk
FIPDX vs. TIP — Risk / Return Rank
FIPDX
TIP
FIPDX vs. TIP - Risk-Adjusted Trends 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.
| FIPDX | TIP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.68 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.17 | 0.95 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.12 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.18 | +0.19 |
Martin ratioReturn relative to average drawdown | 4.30 | 3.44 | +0.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIPDX | TIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.68 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.20 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.43 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.57 | -0.17 |
Correlation
The correlation between FIPDX and TIP is 0.95, 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.
Dividends
FIPDX vs. TIP - Dividend Comparison
FIPDX's dividend yield for the trailing twelve months is around 4.16%, more than TIP's 3.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPDX Fidelity Inflation-Protected Bond Index Fund | 4.16% | 4.18% | 3.75% | 3.56% | 8.87% | 4.76% | 1.24% | 1.97% | 2.26% | 1.29% | 1.34% | 0.38% |
TIP iShares TIPS Bond ETF | 3.45% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
Drawdowns
FIPDX vs. TIP - Drawdown Comparison
The maximum FIPDX drawdown since its inception was -14.32%, roughly equal to the maximum TIP drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for FIPDX and TIP.
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Drawdown Indicators
| FIPDX | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.32% | -14.57% | +0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -2.74% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -14.32% | -14.51% | +0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -14.32% | -14.51% | +0.19% |
Current DrawdownCurrent decline from peak | -1.40% | -1.36% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -3.46% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.94% | -0.02% |
Volatility
FIPDX vs. TIP - Volatility Comparison
Fidelity Inflation-Protected Bond Index Fund (FIPDX) and iShares TIPS Bond ETF (TIP) have volatilities of 1.37% and 1.41%, 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 | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.41% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 2.35% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 4.17% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.99% | 6.23% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.38% | 5.75% | -0.37% |