RRFIX vs. FFNYX

Last updated Jun 4, 2026

RRFIX (Federated Hermes Inflation Protected Securities Fund) and FFNYX (Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund) are both Inflation-Protected Bonds funds. At a 0.47 correlation, their price movements are largely independent. RRFIX charges 0.37%/yr vs 0.05%/yr for FFNYX.

Performance

RRFIX vs. FFNYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Inflation Protected Securities Fund (RRFIX) and Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund (FFNYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RRFIX

• 1D: 0.00%
• 1M: 0.20%
• YTD: 1.55%
• 6M: 1.37%
• 1Y: 4.92%
• 3Y*: 3.25%
• 5Y*: 0.66%
• 10Y*: 2.70%

FFNYX

• 1D: 0.00%
• 1M: -0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RRFIX vs. FFNYX - Yearly Performance Comparison

	2026 (YTD)
RRFIX Federated Hermes Inflation Protected Securities Fund	0.83%
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.93%

Correlation

The correlation between RRFIX and FFNYX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 17, 2026	0.47

Return for Risk

RRFIX vs. FFNYX — Risk / Return Rank

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

RRFIX

RRFIX Risk / Return Rank: 20
RRFIX Sharpe Ratio Rank: 15
RRFIX Sortino Ratio Rank: 16
RRFIX Omega Ratio Rank: 24
RRFIX Calmar Ratio Rank: 26
RRFIX Martin Ratio Rank: 18

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.

RRFIX vs. FFNYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Inflation Protected Securities Fund (RRFIX) and Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund (FFNYX). 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.

	RRFIX	FFNYX	Difference
Sharpe ratio: Return per unit of total volatility	1.11	—	—
Sortino ratio: Return per unit of downside risk	1.64	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	1.90	—	—
Martin ratio: Return relative to average drawdown	4.88	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	RRFIX	FFNYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	2.37	-1.79

Drawdowns

RRFIX vs. FFNYX - Drawdown Comparison

The maximum RRFIX drawdown since its inception was -14.70%, which is greater than FFNYX's maximum drawdown of -0.69%. Use the drawdown chart below to compare losses from any high point for RRFIX and FFNYX.

Drawdown Indicators

	RRFIX	FFNYX	Difference
Max Drawdown Largest peak-to-trough decline	-14.70%	-0.69%	-14.01%
Max Drawdown (1Y) Largest decline over 1 year	-2.59%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-14.68%	—	—
Current Drawdown Current decline from peak	-1.75%	-0.10%	-1.65%
Average Drawdown Average peak-to-trough decline	-3.45%	-0.18%	-3.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	—	—

Volatility

Volatility by Period

	RRFIX	FFNYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.45%	1.89%	+2.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.28%	1.89%	+4.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.55%	1.89%	+3.66%

RRFIX vs. FFNYX - Expense Ratio Comparison

RRFIX has a 0.37% expense ratio, which is higher than FFNYX's 0.05% expense ratio.

Dividends

RRFIX vs. FFNYX - Dividend Comparison

RRFIX's dividend yield for the trailing twelve months is around 3.88%, more than FFNYX's 0.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RRFIX Federated Hermes Inflation Protected Securities Fund	3.88%	3.72%	3.82%	3.73%	6.57%	3.51%	0.93%	1.94%	2.42%	2.15%	1.64%	0.74%

Frequently Asked Questions

Can I hold both RRFIX and FFNYX in my portfolio?

RRFIX and FFNYX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.