SWRSX vs. FIPEX
SWRSX (Schwab Treasury Inflation Protected Securities Index Fund) and FIPEX (Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A) are both Inflation-Protected Bonds funds. Over the past 5 years, SWRSX returned 0.94%/yr vs 0.60%/yr for FIPEX. Their correlation of 0.90 suggests significant overlap in exposure.
Performance
SWRSX vs. FIPEX - Performance Comparison
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Returns By Period
In the year-to-date period, SWRSX achieves a 0.84% return, which is significantly higher than FIPEX's 0.59% return.
SWRSX
- 1D
- -0.38%
- 1M
- -0.10%
- YTD
- 0.84%
- 6M
- 0.94%
- 1Y
- 3.57%
- 3Y*
- 3.65%
- 5Y*
- 0.94%
- 10Y*
- 2.51%
FIPEX
- 1D
- -0.34%
- 1M
- -0.05%
- YTD
- 0.59%
- 6M
- 0.69%
- 1Y
- 3.17%
- 3Y*
- 3.31%
- 5Y*
- 0.60%
- 10Y*
- —
SWRSX vs. FIPEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWRSX Schwab Treasury Inflation Protected Securities Index Fund | 0.84% | 6.84% | 1.95% | 3.80% | -12.01% | 5.83% | 10.88% | 8.38% | -1.32% | 1.86% |
FIPEX Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A | 0.59% | 6.53% | 1.65% | 3.46% | -12.38% | 5.54% | 10.57% | 7.88% | -1.96% | 1.69% |
Correlation
The correlation between SWRSX and FIPEX is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.90 |
The correlation between SWRSX and FIPEX has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.
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Return for Risk
SWRSX vs. FIPEX — Risk / Return Rank
SWRSX
FIPEX
SWRSX vs. FIPEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Treasury Inflation Protected Securities Index Fund (SWRSX) and Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A (FIPEX). 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.
| SWRSX | FIPEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.20 | -0.31 |
| Martin ratioReturn relative to average drawdown | 5.61 | 5.77 | -0.16 |
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Drawdowns
SWRSX vs. FIPEX - Drawdown Comparison
The maximum SWRSX drawdown since its inception was -14.29%, roughly equal to the maximum FIPEX drawdown of -14.81%. Use the drawdown chart below to compare losses from any high point for SWRSX and FIPEX.
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Drawdown Indicators
| SWRSX | FIPEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.29% | -14.81% | +0.52% |
Max Drawdown (1Y)Largest decline over 1 year | -1.90% | -1.74% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -4.46% | -4.56% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -14.29% | -14.81% | +0.52% |
Max Drawdown (10Y)Largest decline over 10 years | -14.29% | — | — |
Current DrawdownCurrent decline from peak | -0.96% | -1.77% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -4.05% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.64% | 0.00% |
Volatility
SWRSX vs. FIPEX - Volatility Comparison
Schwab Treasury Inflation Protected Securities Index Fund (SWRSX) and Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A (FIPEX) have volatilities of 1.11% and 1.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWRSX | FIPEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.14% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 2.40% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.21% | 3.56% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.02% | 6.12% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 5.47% | -0.10% |
Dividends
SWRSX vs. FIPEX - Dividend Comparison
SWRSX's dividend yield for the trailing twelve months is around 3.81%, while FIPEX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPEX Fidelity Advisor 529 Inflation-Protected Bond Portfolio Class A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SWRSX Schwab Treasury Inflation Protected Securities Index Fund | 3.81% | 4.20% | 3.68% | 3.11% | 7.95% | 4.45% | 1.33% | 2.20% | 2.87% | 1.75% | 1.81% | 1.06% |
Frequently Asked Questions
SWRSX and FIPEX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIPEX has higher volatility (1.14%) compared to SWRSX (1.11%). In terms of maximum drawdown, SWRSX dropped -14.29% vs FIPEX's -14.81%.
SWRSX currently has the higher Sharpe Ratio (1.12 vs 1.08), 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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