IBRIX vs. FIPDX
IBRIX (VY BlackRock Inflation Protected Bond Portfolio) and FIPDX (Fidelity Inflation-Protected Bond Index Fund) are both Inflation-Protected Bonds funds. Over the past 10 years, IBRIX returned 2.43%/yr vs 2.52%/yr for FIPDX. Their correlation of 0.93 suggests significant overlap in exposure. IBRIX charges 0.58%/yr vs 0.05%/yr for FIPDX.
Performance
IBRIX vs. FIPDX - Performance Comparison
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Returns By Period
In the year-to-date period, IBRIX achieves a 1.55% return, which is significantly higher than FIPDX's 0.78% return. Both investments have delivered pretty close results over the past 10 years, with IBRIX having a 2.43% annualized return and FIPDX not far ahead at 2.52%.
IBRIX
- 1D
- -0.43%
- 1M
- -0.22%
- YTD
- 1.55%
- 6M
- 1.57%
- 1Y
- 3.89%
- 3Y*
- 3.76%
- 5Y*
- 0.83%
- 10Y*
- 2.43%
FIPDX
- 1D
- -0.33%
- 1M
- 0.00%
- YTD
- 0.78%
- 6M
- 0.89%
- 1Y
- 3.53%
- 3Y*
- 3.67%
- 5Y*
- 0.94%
- 10Y*
- 2.52%
IBRIX vs. FIPDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBRIX VY BlackRock Inflation Protected Bond Portfolio | 1.55% | 6.11% | 2.09% | 4.30% | -12.63% | 5.25% | 11.04% | 8.32% | -1.75% | 2.71% |
FIPDX Fidelity Inflation-Protected Bond Index Fund | 0.78% | 6.90% | 2.00% | 3.77% | -12.09% | 5.94% | 10.90% | 8.32% | -1.37% | 2.98% |
Correlation
The correlation between IBRIX and FIPDX is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since May 10, 2012 | 0.93 |
The correlation between IBRIX and FIPDX shifts across timeframes, from 0.83 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBRIX vs. FIPDX — Risk / Return Rank
IBRIX
FIPDX
IBRIX vs. FIPDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VY BlackRock Inflation Protected Bond Portfolio (IBRIX) 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.
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.
| IBRIX | FIPDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 1.89 | -0.94 |
| Martin ratioReturn relative to average drawdown | 5.21 | 5.46 | -0.24 |
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Drawdowns
IBRIX vs. FIPDX - Drawdown Comparison
The maximum IBRIX drawdown since its inception was -15.82%, which is greater than FIPDX's maximum drawdown of -14.32%. Use the drawdown chart below to compare losses from any high point for IBRIX and FIPDX.
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Drawdown Indicators
| IBRIX | FIPDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.82% | -14.32% | -1.50% |
Max Drawdown (1Y)Largest decline over 1 year | -4.81% | -1.94% | -2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -5.68% | -4.49% | -1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -15.82% | -14.32% | -1.50% |
Max Drawdown (10Y)Largest decline over 10 years | -15.82% | -14.32% | -1.50% |
Current DrawdownCurrent decline from peak | -0.97% | -0.97% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -4.46% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.67% | +0.16% |
Volatility
IBRIX vs. FIPDX - Volatility Comparison
VY BlackRock Inflation Protected Bond Portfolio (IBRIX) has a higher volatility of 1.31% compared to Fidelity Inflation-Protected Bond Index Fund (FIPDX) at 1.13%. This indicates that IBRIX's price experiences larger fluctuations and is considered to be riskier than FIPDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBRIX | FIPDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.13% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 7.35% | 2.42% | +4.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.14% | 3.36% | +4.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.07% | 5.97% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.93% | 5.37% | +0.56% |
IBRIX vs. FIPDX - Expense Ratio Comparison
IBRIX has a 0.58% expense ratio, which is higher than FIPDX's 0.05% expense ratio.
Dividends
IBRIX vs. FIPDX - Dividend Comparison
IBRIX's dividend yield for the trailing twelve months is around 3.85%, which matches FIPDX's 3.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPDX Fidelity Inflation-Protected Bond Index Fund | 3.82% | 4.18% | 3.75% | 3.56% | 8.87% | 4.76% | 1.24% | 1.97% | 2.26% | 1.29% | 1.34% | 0.38% |
IBRIX VY BlackRock Inflation Protected Bond Portfolio | 3.85% | 3.31% | 3.87% | 3.55% | 4.96% | 2.68% | 1.70% | 2.38% | 2.51% | 1.52% | 0.00% | 1.41% |
Frequently Asked Questions
IBRIX and FIPDX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBRIX has higher volatility (1.31%) compared to FIPDX (1.13%). In terms of maximum drawdown, IBRIX dropped -15.82% vs FIPDX's -14.32%.
FIPDX currently has the higher Sharpe Ratio (1.09 vs 0.56), 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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