FSST vs. STPZ

Last updated Jul 12, 2026

FSST (Fidelity Sustainability U.S. Equity ETF) and STPZ (PIMCO 1-5 Year US TIPS Index ETF) are both exchange-traded funds - FSST is a Sustainable fund tracking the Russell 3000, while STPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (1-5 Y). Both are passively managed. At a 0.12 correlation, their price movements are largely independent. FSST charges 0.59%/yr vs 0.20%/yr for STPZ.

Performance

FSST vs. STPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Sustainability U.S. Equity ETF (FSST) and PIMCO 1-5 Year US TIPS Index ETF (STPZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FSST

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

STPZ

• 1D: -0.04%
• 1M: -0.02%
• 6M: 1.44%
• YTD: 1.49%
• 1Y: 3.33%
• 3Y*: 5.15%
• 5Y*: 2.81%
• 10Y*: 2.79%

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

FSST vs. STPZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FSST Fidelity Sustainability U.S. Equity ETF	0.00%	15.40%	21.40%	25.49%	-18.30%	12.52%
STPZ PIMCO 1-5 Year US TIPS Index ETF	1.49%	6.40%	4.30%	4.28%	-4.49%	3.31%

Correlation

The correlation between FSST and STPZ is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jun 17, 2021	0.12

The correlation between FSST and STPZ shifts across timeframes, from -0.16 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FSST vs. STPZ — Risk / Return Rank

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

FSST

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

STPZ

STPZ Risk / Return Rank: 73
STPZ Sharpe Ratio Rank: 68
STPZ Sortino Ratio Rank: 71
STPZ Omega Ratio Rank: 72
STPZ Calmar Ratio Rank: 84
STPZ Martin Ratio Rank: 72

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.

FSST vs. STPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainability U.S. Equity ETF (FSST) and PIMCO 1-5 Year US TIPS Index ETF (STPZ). 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.

	FSST	STPZ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.76	—
Sortino ratio: Return per unit of downside risk	—	2.57	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	3.66	—
Martin ratio: Return relative to average drawdown	—	10.44	—

Drawdowns

Drawdown Indicators

	FSST	STPZ	Difference
Max Drawdown Largest peak-to-trough decline	—	-6.77%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.93%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-1.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-6.70%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-6.77%	—
Current Drawdown Current decline from peak	—	-0.41%	—
Average Drawdown Average peak-to-trough decline	—	-1.30%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.33%	—

Volatility

Volatility by Period

	FSST	STPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.77%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	1.94%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	3.28%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	2.99%	—

FSST vs. STPZ - Expense Ratio Comparison

FSST has a 0.59% expense ratio, which is higher than STPZ's 0.20% expense ratio.

Dividends

FSST vs. STPZ - Dividend Comparison

FSST has not paid dividends to shareholders, while STPZ's dividend yield for the trailing twelve months is around 4.76%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSST Fidelity Sustainability U.S. Equity ETF	0.10%	0.19%	2.01%	0.68%	1.00%	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
STPZ PIMCO 1-5 Year US TIPS Index ETF	4.76%	3.65%	1.97%	1.63%	5.88%	3.65%	1.86%	1.76%	2.23%	1.51%	0.65%	0.49%

Frequently Asked Questions

Can I hold both FSST and STPZ in my portfolio?

FSST and STPZ have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FSST or STPZ?

On fees, STPZ is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FSST or STPZ?

STPZ is cheaper with a 0.20% expense ratio, compared with 0.59% for FSST.

Which ETF pays a higher dividend yield, FSST or STPZ?

STPZ has the higher dividend yield at 4.76%, compared with 0.10% for FSST.

What is the main difference between FSST and STPZ?

FSST is categorized as Sustainable, while STPZ is Inflation-Protected Bonds. FSST tracks Russell 3000, while STPZ tracks ICE BofA US Inflation-Linked Treasury (1-5 Y). They also come from different issuers: Fidelity and PIMCO. Their fees differ too: 0.59% for FSST and 0.20% for STPZ.