FIPDX vs. VTAPX
Compare and contrast key facts about Fidelity Inflation-Protected Bond Index Fund (FIPDX) and Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX).
FIPDX is managed by Fidelity. It was launched on May 16, 2012. VTAPX is managed by Vanguard. It was launched on Oct 16, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIPDX or VTAPX.
Performance
FIPDX vs. VTAPX - Performance Comparison
Returns By Period
In the year-to-date period, FIPDX achieves a 2.67% return, which is significantly lower than VTAPX's 4.54% return. Over the past 10 years, FIPDX has underperformed VTAPX with an annualized return of 1.41%, while VTAPX has yielded a comparatively higher 2.35% annualized return.
FIPDX
2.67%
-1.41%
2.69%
5.80%
1.44%
1.41%
VTAPX
4.54%
-0.16%
3.02%
6.12%
3.40%
2.35%
Key characteristics
| FIPDX | VTAPX | |
|---|---|---|
| Sharpe Ratio | 1.22 | 3.09 |
| Sortino Ratio | 1.80 | 5.12 |
| Omega Ratio | 1.22 | 1.70 |
| Calmar Ratio | 0.48 | 4.85 |
| Martin Ratio | 5.15 | 22.56 |
| Ulcer Index | 1.13% | 0.27% |
| Daily Std Dev | 4.77% | 2.00% |
| Max Drawdown | -14.29% | -5.33% |
| Current Drawdown | -6.84% | -0.51% |
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FIPDX vs. VTAPX - Expense Ratio Comparison
FIPDX has a 0.05% expense ratio, which is lower than VTAPX's 0.06% 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%.
Correlation
The correlation between FIPDX and VTAPX is 0.78, 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.
Risk-Adjusted Performance
FIPDX vs. VTAPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Inflation-Protected Bond Index Fund (FIPDX) and Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX). 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. VTAPX - Dividend Comparison
FIPDX's dividend yield for the trailing twelve months is around 5.49%, more than VTAPX's 2.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPDX Fidelity Inflation-Protected Bond Index Fund | 5.49% | 3.59% | 8.87% | 4.76% | 0.24% | 0.41% | 0.39% | 0.09% | 0.08% | 0.11% | 1.10% | 0.66% |
VTAPX Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares | 2.88% | 2.84% | 6.82% | 4.68% | 1.19% | 1.94% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.06% |
Drawdowns
FIPDX vs. VTAPX - Drawdown Comparison
The maximum FIPDX drawdown since its inception was -14.29%, which is greater than VTAPX's maximum drawdown of -5.33%. Use the drawdown chart below to compare losses from any high point for FIPDX and VTAPX. For additional features, visit the drawdowns tool.
Volatility
FIPDX vs. VTAPX - Volatility Comparison
Fidelity Inflation-Protected Bond Index Fund (FIPDX) has a higher volatility of 1.28% compared to Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) at 0.50%. This indicates that FIPDX's price experiences larger fluctuations and is considered to be riskier than VTAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.