PRIPX vs. FSPWX
Compare and contrast key facts about T. Rowe Price Inflation Protected Bond Fund (PRIPX) and Fidelity SAI Inflation-Protected Bond Index Fund (FSPWX).
PRIPX is managed by T. Rowe Price. It was launched on Oct 30, 2002. FSPWX is a passively managed fund by Fidelity that tracks the performance of the Bloomberg U.S. Treasury Inflation Protected Securities Index. It was launched on Aug 16, 2024.
Performance
PRIPX vs. FSPWX - Performance Comparison
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PRIPX vs. FSPWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PRIPX T. Rowe Price Inflation Protected Bond Fund | 0.29% | 11.53% | -4.15% |
FSPWX Fidelity SAI Inflation-Protected Bond Index Fund | 0.50% | 6.76% | -1.32% |
Returns By Period
In the year-to-date period, PRIPX achieves a 0.29% return, which is significantly lower than FSPWX's 0.50% return.
PRIPX
- 1D
- 0.49%
- 1M
- -1.54%
- YTD
- 0.29%
- 6M
- 4.16%
- 1Y
- 7.39%
- 3Y*
- 3.22%
- 5Y*
- 1.09%
- 10Y*
- 2.56%
FSPWX
- 1D
- 0.70%
- 1M
- -1.27%
- YTD
- 0.50%
- 6M
- 0.41%
- 1Y
- 2.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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PRIPX vs. FSPWX - Expense Ratio Comparison
PRIPX has a 0.38% expense ratio, which is higher than FSPWX's 0.05% expense ratio.
Return for Risk
PRIPX vs. FSPWX — Risk / Return Rank
PRIPX
FSPWX
PRIPX vs. FSPWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Inflation Protected Bond Fund (PRIPX) and Fidelity SAI Inflation-Protected Bond Index Fund (FSPWX). 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.
| PRIPX | FSPWX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 0.84 | +0.60 |
Sortino ratioReturn per unit of downside risk | 2.64 | 1.17 | +1.46 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.15 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 3.11 | 1.41 | +1.70 |
Martin ratioReturn relative to average drawdown | 10.26 | 4.38 | +5.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRIPX | FSPWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 0.84 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.88 | -0.28 |
Correlation
The correlation between PRIPX and FSPWX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PRIPX vs. FSPWX - Dividend Comparison
PRIPX's dividend yield for the trailing twelve months is around 9.67%, more than FSPWX's 4.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRIPX T. Rowe Price Inflation Protected Bond Fund | 9.67% | 9.55% | 1.49% | 5.02% | 7.37% | 5.30% | 1.97% | 3.81% | 3.02% | 1.87% | 1.32% | 1.76% |
FSPWX Fidelity SAI Inflation-Protected Bond Index Fund | 4.17% | 4.19% | 0.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PRIPX vs. FSPWX - Drawdown Comparison
The maximum PRIPX drawdown since its inception was -16.15%, which is greater than FSPWX's maximum drawdown of -3.84%. Use the drawdown chart below to compare losses from any high point for PRIPX and FSPWX.
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Drawdown Indicators
| PRIPX | FSPWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.15% | -3.84% | -12.31% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -2.91% | +0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -16.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -16.15% | — | — |
Current DrawdownCurrent decline from peak | -2.08% | -1.27% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -1.04% | -2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.94% | -0.11% |
Volatility
PRIPX vs. FSPWX - Volatility Comparison
The current volatility for T. Rowe Price Inflation Protected Bond Fund (PRIPX) is 1.32%, while Fidelity SAI Inflation-Protected Bond Index Fund (FSPWX) has a volatility of 1.44%. This indicates that PRIPX experiences smaller price fluctuations and is considered to be less risky than FSPWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRIPX | FSPWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.44% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.28% | 2.29% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 4.10% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.86% | 4.17% | +2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.94% | 4.17% | +1.77% |