FNSOX vs. FIPDX
Compare and contrast key facts about Fidelity Short-Term Bond Index Fund (FNSOX) and Fidelity Inflation-Protected Bond Index Fund (FIPDX).
FNSOX is managed by Fidelity. It was launched on Oct 18, 2017. FIPDX is managed by Fidelity. It was launched on May 16, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNSOX or FIPDX.
Performance
FNSOX vs. FIPDX - Performance Comparison
Returns By Period
In the year-to-date period, FNSOX achieves a 3.54% return, which is significantly higher than FIPDX's 2.89% return.
FNSOX
3.54%
-0.50%
3.14%
5.72%
1.11%
N/A
FIPDX
2.89%
-1.19%
2.69%
5.68%
1.51%
1.43%
Key characteristics
| FNSOX | FIPDX | |
|---|---|---|
| Sharpe Ratio | 2.16 | 1.19 |
| Sortino Ratio | 3.44 | 1.77 |
| Omega Ratio | 1.45 | 1.22 |
| Calmar Ratio | 1.33 | 0.47 |
| Martin Ratio | 9.19 | 5.00 |
| Ulcer Index | 0.62% | 1.14% |
| Daily Std Dev | 2.64% | 4.76% |
| Max Drawdown | -8.83% | -14.29% |
| Current Drawdown | -1.29% | -6.63% |
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FNSOX vs. FIPDX - Expense Ratio Comparison
FNSOX has a 0.03% expense ratio, which is lower than FIPDX's 0.05% 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 FNSOX and FIPDX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
FNSOX vs. FIPDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short-Term Bond Index Fund (FNSOX) and Fidelity Inflation-Protected Bond Index Fund (FIPDX). 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
FNSOX vs. FIPDX - Dividend Comparison
FNSOX's dividend yield for the trailing twelve months is around 2.05%, less than FIPDX's 5.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNSOX Fidelity Short-Term Bond Index Fund | 2.05% | 1.75% | 1.17% | 0.76% | 1.45% | 2.35% | 2.03% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% |
FIPDX Fidelity Inflation-Protected Bond Index Fund | 5.48% | 3.59% | 8.87% | 4.76% | 0.24% | 0.41% | 0.39% | 0.09% | 0.08% | 0.11% | 1.10% | 0.66% |
Drawdowns
FNSOX vs. FIPDX - Drawdown Comparison
The maximum FNSOX drawdown since its inception was -8.83%, smaller than the maximum FIPDX drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for FNSOX and FIPDX. For additional features, visit the drawdowns tool.
Volatility
FNSOX vs. FIPDX - Volatility Comparison
The current volatility for Fidelity Short-Term Bond Index Fund (FNSOX) is 0.53%, while Fidelity Inflation-Protected Bond Index Fund (FIPDX) has a volatility of 1.16%. This indicates that FNSOX experiences smaller price fluctuations and is considered to be less risky than FIPDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.