FPCIX vs. STIP
FPCIX (Strategic Advisers Core Income Fund) and STIP (iShares 0-5 Year TIPS Bond ETF) are both funds - FPCIX is a Total Bond Market fund managed by Fidelity, while STIP is a Inflation-Protected Bonds fund tracking the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). Over the past 10 years, FPCIX returned 2.04%/yr vs 3.18%/yr for STIP. A 0.52 correlation means they provide meaningful diversification when combined. FPCIX charges 0.31%/yr vs 0.06%/yr for STIP.
Performance
FPCIX vs. STIP - Performance Comparison
Loading charts...
Returns By Period
Over the past 10 years, FPCIX has underperformed STIP with an annualized return of 2.04%, while STIP has yielded a comparatively higher 3.18% annualized return.
FPCIX
- 1D
- 0.11%
- 1M
- 0.58%
- YTD
- -0.00%
- 6M
- -0.00%
- 1Y
- 5.21%
- 3Y*
- 4.12%
- 5Y*
- 0.01%
- 10Y*
- 2.04%
STIP
- 1D
- 0.00%
- 1M
- 0.03%
- YTD
- 2.04%
- 6M
- 2.03%
- 1Y
- 4.68%
- 3Y*
- 5.23%
- 5Y*
- 3.37%
- 10Y*
- 3.18%
FPCIX vs. STIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPCIX Strategic Advisers Core Income Fund | -0.00% | 7.42% | 1.71% | 5.98% | -14.76% | -0.81% | 9.39% | 9.20% | -0.33% | 4.73% |
STIP iShares 0-5 Year TIPS Bond ETF | 2.04% | 6.03% | 4.77% | 4.63% | -3.02% | 5.68% | 5.18% | 4.89% | 0.54% | 0.74% |
Correlation
The correlation between FPCIX and STIP is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2010 | 0.52 |
The correlation between FPCIX and STIP shifts across timeframes, from 0.48 (1 year) to 0.62 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FPCIX vs. STIP — Risk / Return Rank
FPCIX
STIP
FPCIX vs. STIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Core Income Fund (FPCIX) and iShares 0-5 Year TIPS Bond ETF (STIP). 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.
| FPCIX | STIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -3.39 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.69 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 6.76 | -4.65 |
| Martin ratioReturn relative to average drawdown | 6.61 | 26.37 | -19.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FPCIX | STIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 3.23 | -1.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 1.23 | -1.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 1.30 | -0.89 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 1.07 | -0.33 |
Drawdowns
FPCIX vs. STIP - Drawdown Comparison
The maximum FPCIX drawdown since its inception was -19.60%, which is greater than STIP's maximum drawdown of -5.50%. Use the drawdown chart below to compare losses from any high point for FPCIX and STIP.
Loading charts...
Drawdown Indicators
| FPCIX | STIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.60% | -5.50% | -14.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -0.69% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -6.51% | -0.95% | -5.56% |
Max Drawdown (5Y)Largest decline over 5 years | -19.60% | -5.50% | -14.10% |
Max Drawdown (10Y)Largest decline over 10 years | -19.60% | -5.50% | -14.10% |
Current DrawdownCurrent decline from peak | -2.37% | -0.03% | -2.34% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -0.99% | -2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.18% | +0.99% |
Volatility
FPCIX vs. STIP - Volatility Comparison
Strategic Advisers Core Income Fund (FPCIX) has a higher volatility of 1.64% compared to iShares 0-5 Year TIPS Bond ETF (STIP) at 0.40%. This indicates that FPCIX's price experiences larger fluctuations and is considered to be riskier than STIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FPCIX | STIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 0.40% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 0.99% | +2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.26% | 1.46% | +2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.23% | 2.75% | +3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.06% | 2.45% | +2.61% |
FPCIX vs. STIP - Expense Ratio Comparison
FPCIX has a 0.31% expense ratio, which is higher than STIP's 0.06% expense ratio.
Dividends
FPCIX vs. STIP - Dividend Comparison
FPCIX's dividend yield for the trailing twelve months is around 3.55%, less than STIP's 4.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPCIX Strategic Advisers Core Income Fund | 3.55% | 3.83% | 4.17% | 3.55% | 2.69% | 3.01% | 4.99% | 3.75% | 2.94% | 2.70% | 4.13% | 2.45% |
STIP iShares 0-5 Year TIPS Bond ETF | 4.30% | 4.11% | 2.62% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% | 0.00% |
Frequently Asked Questions
FPCIX and STIP have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPCIX has higher volatility (1.64%) compared to STIP (0.40%). In terms of maximum drawdown, FPCIX dropped -19.60% vs STIP's -5.50%.
STIP currently has the higher Sharpe Ratio (3.23 vs 1.46), 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.
Find the right allocation for FPCIX and STIP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer