FIPEX vs. FELC
FIPEX (Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A) and FELC (Fidelity Enhanced Large Cap Core ETF) are both funds - FIPEX is a Inflation-Protected Bonds fund managed by Fidelity, while FELC is a Large Cap Blend Equities fund actively managed by Fidelity. Over the past year, FIPEX returned 3.17% vs 24.68% for FELC. At a 0.16 correlation, their price movements are largely independent.
Performance
FIPEX vs. FELC - Performance Comparison
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Returns By Period
In the year-to-date period, FIPEX achieves a 0.59% return, which is significantly lower than FELC's 8.65% return.
FIPEX
- 1D
- -0.34%
- 1M
- -0.05%
- YTD
- 0.59%
- 6M
- 0.69%
- 1Y
- 3.17%
- 3Y*
- 3.31%
- 5Y*
- 0.60%
- 10Y*
- —
FELC
- 1D
- -1.46%
- 1M
- -0.92%
- YTD
- 8.65%
- 6M
- 7.63%
- 1Y
- 24.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIPEX vs. FELC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FIPEX Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A | 0.59% | 6.53% | 1.65% | 3.07% |
FELC Fidelity Enhanced Large Cap Core ETF | 8.65% | 17.09% | 25.25% | 6.06% |
Correlation
The correlation between FIPEX and FELC is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023 | 0.16 |
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Return for Risk
FIPEX vs. FELC — Risk / Return Rank
FIPEX
FELC
FIPEX vs. FELC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A (FIPEX) and Fidelity Enhanced Large Cap Core ETF (FELC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FIPEX | FELC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.36 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.73 | -0.53 |
| Martin ratioReturn relative to average drawdown | 5.77 | 12.19 | -6.41 |
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Drawdowns
FIPEX vs. FELC - Drawdown Comparison
The maximum FIPEX drawdown since its inception was -14.81%, smaller than the maximum FELC drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for FIPEX and FELC.
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Drawdown Indicators
| FIPEX | FELC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.81% | -18.59% | +3.78% |
Max Drawdown (1Y)Largest decline over 1 year | -1.74% | -9.09% | +7.35% |
Max Drawdown (3Y)Largest decline over 3 years | -4.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.81% | — | — |
Current DrawdownCurrent decline from peak | -1.77% | -2.90% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -1.91% | -2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 2.03% | -1.39% |
Volatility
FIPEX vs. FELC - Volatility Comparison
The current volatility for Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A (FIPEX) is 1.14%, while Fidelity Enhanced Large Cap Core ETF (FELC) has a volatility of 4.96%. This indicates that FIPEX experiences smaller price fluctuations and is considered to be less risky than FELC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIPEX | FELC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 4.96% | -3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 2.40% | 9.91% | -7.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.56% | 12.62% | -9.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.12% | 15.29% | -9.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.47% | 15.29% | -9.82% |
Dividends
FIPEX vs. FELC - Dividend Comparison
FIPEX has not paid dividends to shareholders, while FELC's dividend yield for the trailing twelve months is around 0.86%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FELC Fidelity Enhanced Large Cap Core ETF | 0.86% | 0.92% | 1.03% | 0.04% |
FIPEX Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FIPEX and FELC have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FELC has higher volatility (4.96%) compared to FIPEX (1.14%). In terms of maximum drawdown, FIPEX dropped -14.81% vs FELC's -18.59%.
FELC currently has the higher Sharpe Ratio (1.97 vs 1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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