HYGI vs. FIPDX

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Inflation Hedged High Yield Bond ETF (HYGI) and Fidelity Inflation-Protected Bond Index Fund (FIPDX).

HYGI is a passively managed fund by iShares that tracks the performance of the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. It was launched on Jun 22, 2022. FIPDX is managed by Fidelity. It was launched on May 16, 2012.

Performance

HYGI vs. FIPDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Inflation Hedged High Yield Bond ETF (HYGI) and Fidelity Inflation-Protected Bond Index Fund (FIPDX). The values are adjusted to include any dividend payments, if applicable.

HYGI vs. FIPDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HYGI iShares Inflation Hedged High Yield Bond ETF	0.00%	6.20%	9.16%	11.71%	0.65%
FIPDX Fidelity Inflation-Protected Bond Index Fund	0.33%	6.90%	2.00%	3.77%	-4.65%

Returns By Period

HYGI

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

FIPDX

• 1D: 0.55%
• 1M: -1.40%
• YTD: 0.33%
• 6M: 0.37%
• 1Y: 2.97%
• 3Y*: 3.15%
• 5Y*: 1.44%
• 10Y*: 2.58%

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

HYGI vs. FIPDX - Expense Ratio Comparison

HYGI has a 0.52% expense ratio, which is higher than FIPDX's 0.05% expense ratio.

HYGI

iShares Inflation Hedged High Yield Bond ETF

FIPDX

Fidelity Inflation-Protected Bond Index Fund

Return for Risk

HYGI vs. FIPDX — Risk / Return Rank

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

FIPDX

FIPDX Risk / Return Rank: 42
FIPDX Sharpe Ratio Rank: 41
FIPDX Sortino Ratio Rank: 36
FIPDX Omega Ratio Rank: 31
FIPDX Calmar Ratio Rank: 60
FIPDX Martin Ratio Rank: 42

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.

HYGI vs. FIPDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged High Yield Bond ETF (HYGI) 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.

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

Sharpe Ratios by Period

	HYGI	FIPDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.83	—
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	—	0.40	—

Correlation

The correlation between HYGI and FIPDX is 0.45, 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.

Dividends

HYGI vs. FIPDX - Dividend Comparison

HYGI's dividend yield for the trailing twelve months is around 2.46%, less than FIPDX's 4.16% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYGI iShares Inflation Hedged High Yield Bond ETF	2.46%	3.41%	6.08%	6.22%	3.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FIPDX Fidelity Inflation-Protected Bond Index Fund	4.16%	4.18%	3.75%	3.56%	8.87%	4.76%	1.24%	1.97%	2.26%	1.29%	1.34%	0.38%

Drawdowns

Drawdown Indicators

	HYGI	FIPDX	Difference
Max Drawdown Largest peak-to-trough decline	—	-14.32%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-14.32%	—
Current Drawdown Current decline from peak	—	-1.40%	—
Average Drawdown Average peak-to-trough decline	—	-4.52%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.92%	—

Volatility

Volatility by Period

	HYGI	FIPDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	4.13%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	5.99%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	5.38%	—