FNMIX vs. VTIPX
Compare and contrast key facts about Fidelity New Markets Income Fund (FNMIX) and Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX).
FNMIX is managed by Fidelity. VTIPX is managed by Vanguard. It was launched on Oct 16, 2012.
Performance
FNMIX vs. VTIPX - Performance Comparison
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FNMIX vs. VTIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNMIX Fidelity New Markets Income Fund | -1.02% | 14.86% | 6.80% | 14.00% | -16.09% | -2.42% | 4.62% | 10.93% | -7.77% | 10.16% |
VTIPX Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares | 0.93% | 5.96% | 4.65% | 4.51% | -2.93% | 5.21% | 4.85% | 4.74% | 0.49% | 0.72% |
Returns By Period
In the year-to-date period, FNMIX achieves a -1.02% return, which is significantly lower than VTIPX's 0.93% return. Over the past 10 years, FNMIX has outperformed VTIPX with an annualized return of 3.90%, while VTIPX has yielded a comparatively lower 2.97% annualized return.
FNMIX
- 1D
- -0.15%
- 1M
- -3.77%
- YTD
- -1.02%
- 6M
- 2.67%
- 1Y
- 10.54%
- 3Y*
- 10.89%
- 5Y*
- 3.53%
- 10Y*
- 3.90%
VTIPX
- 1D
- 0.28%
- 1M
- 0.04%
- YTD
- 0.93%
- 6M
- 1.25%
- 1Y
- 3.76%
- 3Y*
- 4.58%
- 5Y*
- 3.40%
- 10Y*
- 2.97%
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FNMIX vs. VTIPX - Expense Ratio Comparison
FNMIX has a 0.80% expense ratio, which is higher than VTIPX's 0.14% expense ratio.
Return for Risk
FNMIX vs. VTIPX — Risk / Return Rank
FNMIX
VTIPX
FNMIX vs. VTIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Markets Income Fund (FNMIX) and Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX). 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.
| FNMIX | VTIPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 2.19 | -0.11 |
Sortino ratioReturn per unit of downside risk | 2.89 | 3.29 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.47 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.12 | 4.39 | -2.27 |
Martin ratioReturn relative to average drawdown | 9.40 | 14.13 | -4.73 |
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
| FNMIX | VTIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 2.19 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 1.28 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 1.34 | -0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 1.00 | -0.22 |
Correlation
The correlation between FNMIX and VTIPX is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FNMIX vs. VTIPX - Dividend Comparison
FNMIX's dividend yield for the trailing twelve months is around 4.66%, more than VTIPX's 3.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNMIX Fidelity New Markets Income Fund | 4.66% | 5.07% | 4.71% | 5.15% | 3.93% | 3.48% | 4.06% | 4.87% | 4.98% | 5.77% | 6.93% | 4.95% |
VTIPX Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares | 3.50% | 3.70% | 2.60% | 2.76% | 6.74% | 4.59% | 1.11% | 1.88% | 2.37% | 1.50% | 0.55% | 0.00% |
Drawdowns
FNMIX vs. VTIPX - Drawdown Comparison
The maximum FNMIX drawdown since its inception was -42.76%, which is greater than VTIPX's maximum drawdown of -5.36%. Use the drawdown chart below to compare losses from any high point for FNMIX and VTIPX.
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Drawdown Indicators
| FNMIX | VTIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.76% | -5.36% | -37.40% |
Max Drawdown (1Y)Largest decline over 1 year | -5.12% | -0.95% | -4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -27.16% | -5.36% | -21.80% |
Max Drawdown (10Y)Largest decline over 10 years | -27.16% | -5.36% | -21.80% |
Current DrawdownCurrent decline from peak | -3.85% | -0.32% | -3.53% |
Average DrawdownAverage peak-to-trough decline | -5.72% | -1.13% | -4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.30% | +0.86% |
Volatility
FNMIX vs. VTIPX - Volatility Comparison
Fidelity New Markets Income Fund (FNMIX) has a higher volatility of 1.70% compared to Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX) at 0.62%. This indicates that FNMIX's price experiences larger fluctuations and is considered to be riskier than VTIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNMIX | VTIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 0.62% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 0.96% | +2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.25% | 1.81% | +3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.55% | 2.66% | +3.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.94% | 2.22% | +4.72% |