FSPWX vs. SWRSX
Compare and contrast key facts about Fidelity SAI Inflation-Protected Bond Index Fund (FSPWX) and Schwab Treasury Inflation Protected Securities Index Fund (SWRSX).
FSPWX is a passively managed fund by Fidelity that tracks the performance of the Bloomberg U.S. Treasury Inflation Protected Securities Index. It was launched on Aug 16, 2024. SWRSX is managed by Charles Schwab. It was launched on Mar 30, 2006.
Performance
FSPWX vs. SWRSX - Performance Comparison
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FSPWX vs. SWRSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FSPWX Fidelity SAI Inflation-Protected Bond Index Fund | 0.50% | 6.76% | -1.32% |
SWRSX Schwab Treasury Inflation Protected Securities Index Fund | 0.39% | 6.84% | -1.37% |
Returns By Period
In the year-to-date period, FSPWX achieves a 0.50% return, which is significantly higher than SWRSX's 0.39% return.
FSPWX
- 1D
- 0.70%
- 1M
- -1.27%
- YTD
- 0.50%
- 6M
- 0.41%
- 1Y
- 2.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SWRSX
- 1D
- 0.58%
- 1M
- -1.33%
- YTD
- 0.39%
- 6M
- 0.33%
- 1Y
- 2.91%
- 3Y*
- 3.14%
- 5Y*
- 1.42%
- 10Y*
- 2.57%
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FSPWX vs. SWRSX - Expense Ratio Comparison
Both FSPWX and SWRSX have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
FSPWX vs. SWRSX — Risk / Return Rank
FSPWX
SWRSX
FSPWX vs. SWRSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Inflation-Protected Bond Index Fund (FSPWX) and Schwab Treasury Inflation Protected Securities Index Fund (SWRSX). 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.
| FSPWX | SWRSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.84 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.17 | 1.17 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.16 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.44 | -0.03 |
Martin ratioReturn relative to average drawdown | 4.38 | 4.27 | +0.11 |
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
| FSPWX | SWRSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.84 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.24 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.57 | +0.31 |
Correlation
The correlation between FSPWX and SWRSX is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FSPWX vs. SWRSX - Dividend Comparison
FSPWX's dividend yield for the trailing twelve months is around 4.17%, more than SWRSX's 3.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPWX Fidelity SAI Inflation-Protected Bond Index Fund | 4.17% | 4.19% | 0.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SWRSX Schwab Treasury Inflation Protected Securities Index Fund | 3.36% | 4.20% | 3.68% | 3.11% | 7.95% | 4.45% | 1.33% | 2.20% | 2.87% | 1.75% | 1.81% | 1.06% |
Drawdowns
FSPWX vs. SWRSX - Drawdown Comparison
The maximum FSPWX drawdown since its inception was -3.84%, smaller than the maximum SWRSX drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for FSPWX and SWRSX.
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Drawdown Indicators
| FSPWX | SWRSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.84% | -14.29% | +10.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -2.68% | -0.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.29% | — |
Current DrawdownCurrent decline from peak | -1.27% | -1.33% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -3.75% | +2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.90% | +0.04% |
Volatility
FSPWX vs. SWRSX - Volatility Comparison
Fidelity SAI Inflation-Protected Bond Index Fund (FSPWX) has a higher volatility of 1.44% compared to Schwab Treasury Inflation Protected Securities Index Fund (SWRSX) at 1.30%. This indicates that FSPWX's price experiences larger fluctuations and is considered to be riskier than SWRSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSPWX | SWRSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.30% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 2.17% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 4.00% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.17% | 6.05% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.17% | 5.39% | -1.22% |