NIFAX vs. FSTZX
NIFAX (Nationwide Inflation-Protected Securities Fund) and FSTZX (Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund) are both Inflation-Protected Bonds funds. Over the past 3 years, NIFAX returned 3.16%/yr vs 4.66%/yr for FSTZX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. NIFAX charges 0.72%/yr vs 0.00%/yr for FSTZX.
Performance
NIFAX vs. FSTZX - Performance Comparison
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Returns By Period
In the year-to-date period, NIFAX achieves a 0.12% return, which is significantly lower than FSTZX's 0.67% return.
NIFAX
- 1D
- 0.00%
- 1M
- -0.68%
- 6M
- -0.22%
- YTD
- 0.12%
- 1Y
- 1.26%
- 3Y*
- 3.16%
- 5Y*
- -0.21%
- 10Y*
- 2.28%
- ALL TIME*
- 1.59%
FSTZX
- 1D
- 0.00%
- 1M
- -0.90%
- 6M
- 0.06%
- YTD
- 0.67%
- 1Y
- 1.86%
- 3Y*
- 4.66%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NIFAX vs. FSTZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NIFAX Nationwide Inflation-Protected Securities Fund | 0.12% | 6.32% | 1.45% | 3.61% | -12.59% | 1.45% |
FSTZX Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 0.67% | 5.99% | 4.87% | 4.67% | -2.83% | 1.32% |
Correlation
The correlation between NIFAX and FSTZX is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2021 | 0.77 |
The correlation between NIFAX and FSTZX shifts across timeframes, from 0.62 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NIFAX vs. FSTZX — Risk / Return Rank
NIFAX
FSTZX
NIFAX vs. FSTZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nationwide Inflation-Protected Securities Fund (NIFAX) and Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (FSTZX). 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.
| NIFAX | FSTZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 1.37 | -0.44 |
| Martin ratioReturn relative to average drawdown | 2.40 | 5.22 | -2.82 |
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Drawdowns
NIFAX vs. FSTZX - Drawdown Comparison
The maximum NIFAX drawdown since its inception was -15.19%, which is greater than FSTZX's maximum drawdown of -5.30%. Use the drawdown chart below to compare losses from any high point for NIFAX and FSTZX.
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Drawdown Indicators
| NIFAX | FSTZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.19% | -5.30% | -9.89% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -1.59% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -3.85% | -1.59% | -2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -15.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.19% | — | — |
Current DrawdownCurrent decline from peak | -2.88% | -1.39% | -1.49% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -1.08% | -3.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.42% | +0.34% |
Volatility
NIFAX vs. FSTZX - Volatility Comparison
The current volatility for Nationwide Inflation-Protected Securities Fund (NIFAX) is 0.71%, while Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (FSTZX) has a volatility of 1.40%. This indicates that NIFAX experiences smaller price fluctuations and is considered to be less risky than FSTZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NIFAX | FSTZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 1.40% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 1.83% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.08% | 2.13% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.84% | 2.83% | +3.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 2.83% | +2.54% |
NIFAX vs. FSTZX - Expense Ratio Comparison
NIFAX has a 0.72% expense ratio, which is higher than FSTZX's 0.00% expense ratio.
Dividends
NIFAX vs. FSTZX - Dividend Comparison
NIFAX's dividend yield for the trailing twelve months is around 4.41%, more than FSTZX's 2.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FSTZX Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 2.87% | 4.02% | 2.78% | 2.54% | 5.25% | 0.82% | 0.00% | 0.00% | 0.00% | 0.00% |
NIFAX Nationwide Inflation-Protected Securities Fund | 4.41% | 3.99% | 3.17% | 3.90% | 6.60% | 5.29% | 0.94% | 4.94% | 1.79% | 1.65% |
Frequently Asked Questions
NIFAX and FSTZX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSTZX has higher volatility (1.40%) compared to NIFAX (0.71%). In terms of maximum drawdown, NIFAX dropped -15.19% vs FSTZX's -5.30%.
FSTZX currently has the higher Sharpe Ratio (1.02 vs 0.60), 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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