FSTZX vs. STIP
FSTZX (Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund) and STIP (iShares 0-5 Year TIPS Bond ETF) are both Inflation-Protected Bonds funds. Over the past 3 years, FSTZX returned 5.09%/yr vs 4.99%/yr for STIP. Their correlation of 0.88 suggests significant overlap in exposure. FSTZX charges 0.00%/yr vs 0.06%/yr for STIP.
Performance
FSTZX vs. STIP - Performance Comparison
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Returns By Period
In the year-to-date period, FSTZX achieves a 1.48% return, which is significantly higher than STIP's 1.33% return.
FSTZX
- 1D
- 0.10%
- 1M
- -0.10%
- YTD
- 1.48%
- 6M
- 1.59%
- 1Y
- 3.73%
- 3Y*
- 5.09%
- 5Y*
- —
- 10Y*
- —
STIP
- 1D
- -0.22%
- 1M
- -0.30%
- YTD
- 1.33%
- 6M
- 1.45%
- 1Y
- 3.64%
- 3Y*
- 4.99%
- 5Y*
- 3.26%
- 10Y*
- 3.07%
FSTZX vs. STIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FSTZX Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 1.48% | 5.99% | 4.87% | 4.67% | -2.83% | 1.32% |
STIP iShares 0-5 Year TIPS Bond ETF | 1.33% | 6.03% | 4.77% | 4.63% | -3.02% | 1.63% |
Correlation
The correlation between FSTZX and STIP is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2021 | 0.88 |
The correlation between FSTZX and STIP has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
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Return for Risk
FSTZX vs. STIP — Risk / Return Rank
FSTZX
STIP
FSTZX vs. STIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (FSTZX) 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.
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.
| FSTZX | STIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.49 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.63 | 5.04 | +0.59 |
| Martin ratioReturn relative to average drawdown | 19.94 | 19.01 | +0.93 |
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Drawdowns
FSTZX vs. STIP - Drawdown Comparison
The maximum FSTZX drawdown since its inception was -5.30%, roughly equal to the maximum STIP drawdown of -5.50%. Use the drawdown chart below to compare losses from any high point for FSTZX and STIP.
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Drawdown Indicators
| FSTZX | STIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.30% | -5.50% | +0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -0.70% | -0.73% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -1.03% | -0.95% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.50% | — |
Current DrawdownCurrent decline from peak | -0.60% | -0.73% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -0.99% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.19% | +0.01% |
Volatility
FSTZX vs. STIP - Volatility Comparison
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (FSTZX) has a higher volatility of 0.71% compared to iShares 0-5 Year TIPS Bond ETF (STIP) at 0.65%. This indicates that FSTZX'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.
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Volatility by Period
| FSTZX | STIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 0.65% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.24% | 1.14% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.71% | 1.54% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.79% | 2.74% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.79% | 2.46% | +0.33% |
FSTZX vs. STIP - Expense Ratio Comparison
FSTZX has a 0.00% expense ratio, which is lower than STIP's 0.06% 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%.
Dividends
FSTZX vs. STIP - Dividend Comparison
FSTZX's dividend yield for the trailing twelve months is around 3.66%, less than STIP's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FSTZX Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 3.66% | 4.02% | 2.78% | 2.54% | 5.25% | 0.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
STIP iShares 0-5 Year TIPS Bond ETF | 4.33% | 4.11% | 2.62% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% |
Frequently Asked Questions
FSTZX and STIP have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSTZX has higher volatility (0.71%) compared to STIP (0.65%). In terms of maximum drawdown, FSTZX dropped -5.30% vs STIP's -5.50%.
STIP currently has the higher Sharpe Ratio (2.38 vs 2.31), 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.
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