FIPEX vs. FFNYX

Last updated Jun 24, 2026

FIPEX (Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A) and FFNYX (Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund) are both Inflation-Protected Bonds funds from Fidelity. A 0.70 correlation means they provide meaningful diversification when combined.

Performance

FIPEX vs. FFNYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A (FIPEX) and Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund (FFNYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FIPEX

• 1D: -0.34%
• 1M: -0.05%
• YTD: 0.59%
• 6M: 0.69%
• 1Y: 3.17%
• 3Y*: 3.31%
• 5Y*: 0.60%
• 10Y*: —

FFNYX

• 1D: -0.10%
• 1M: -0.20%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIPEX vs. FFNYX - Yearly Performance Comparison

	2026 (YTD)
FIPEX Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A	0.00%
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.24%

Correlation

The correlation between FIPEX and FFNYX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 16, 2026	0.70

Return for Risk

FIPEX vs. FFNYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIPEX

FIPEX Risk / Return Rank: 23
FIPEX Sharpe Ratio Rank: 17
FIPEX Sortino Ratio Rank: 17
FIPEX Omega Ratio Rank: 17
FIPEX Calmar Ratio Rank: 37
FIPEX Martin Ratio Rank: 26

FFNYX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIPEX vs. FFNYX - 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 SAI 0-5 Year Inflation-Protected Bond Index Fund (FFNYX). 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	FFNYX	Difference
Sharpe ratio: Return per unit of total volatility	1.08	—	—
Sortino ratio: Return per unit of downside risk	1.60	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	2.20	—	—
Martin ratio: Return relative to average drawdown	5.77	—	—

Drawdowns

FIPEX vs. FFNYX - Drawdown Comparison

The maximum FIPEX drawdown since its inception was -14.81%, which is greater than FFNYX's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for FIPEX and FFNYX.

Drawdown Indicators

	FIPEX	FFNYX	Difference
Max Drawdown Largest peak-to-trough decline	-14.81%	-0.78%	-14.03%
Max Drawdown (1Y) Largest decline over 1 year	-1.74%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.81%	—	—
Current Drawdown Current decline from peak	-1.77%	-0.78%	-0.99%
Average Drawdown Average peak-to-trough decline	-4.05%	-0.21%	-3.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.64%	—	—

Volatility

Volatility by Period

	FIPEX	FFNYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.56%	2.00%	+1.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.12%	2.00%	+4.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.47%	2.00%	+3.47%

Dividends

FIPEX vs. FFNYX - Dividend Comparison

FIPEX has not paid dividends to shareholders, while FFNYX's dividend yield for the trailing twelve months is around 0.04%.

Position	TTM
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.04%
FIPEX Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A	0.00%

Frequently Asked Questions

Can I hold both FIPEX and FFNYX in my portfolio?

FIPEX and FFNYX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.