TILUX vs. FFNYX

Last updated Jun 24, 2026

TILUX (Morgan Stanley Pathway Funds Inflation-Linked Fixed Income 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. TILUX charges 0.86%/yr vs 0.05%/yr for FFNYX.

Performance

TILUX vs. FFNYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Pathway Funds Inflation-Linked Fixed Income Fund (TILUX) 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

TILUX

• 1D: -0.36%
• 1M: 0.21%
• YTD: 0.66%
• 6M: 0.93%
• 1Y: 2.74%
• 3Y*: 3.53%
• 5Y*: 0.63%
• 10Y*: 2.53%

FFNYX

• 1D: -0.10%
• 1M: -0.20%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TILUX vs. FFNYX - Yearly Performance Comparison

	2026 (YTD)
TILUX Morgan Stanley Pathway Funds Inflation-Linked Fixed Income Fund	0.54%
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.24%

Correlation

The correlation between TILUX 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 16, 2026	0.47

Return for Risk

TILUX vs. FFNYX — Risk / Return Rank

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

TILUX

TILUX Risk / Return Rank: 13
TILUX Sharpe Ratio Rank: 12
TILUX Sortino Ratio Rank: 11
TILUX Omega Ratio Rank: 11
TILUX Calmar Ratio Rank: 16
TILUX Martin Ratio Rank: 14

FFNYX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

TILUX vs. FFNYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Pathway Funds Inflation-Linked Fixed Income Fund (TILUX) 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.

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.

	TILUX	FFNYX	Difference
Sharpe ratio: Return per unit of total volatility	0.86	—	—
Sortino ratio: Return per unit of downside risk	1.26	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	1.33	—	—
Martin ratio: Return relative to average drawdown	3.57	—	—

Drawdowns

TILUX vs. FFNYX - Drawdown Comparison

The maximum TILUX drawdown since its inception was -14.72%, which is greater than FFNYX's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for TILUX and FFNYX.

Drawdown Indicators

	TILUX	FFNYX	Difference
Max Drawdown Largest peak-to-trough decline	-14.72%	-0.78%	-13.94%
Max Drawdown (1Y) Largest decline over 1 year	-2.72%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.41%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.72%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-14.72%	—	—
Current Drawdown Current decline from peak	-1.25%	-0.78%	-0.47%
Average Drawdown Average peak-to-trough decline	-3.59%	-0.21%	-3.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	—	—

Volatility

Volatility by Period

	TILUX	FFNYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.03%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.21%	2.00%	+2.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.01%	2.00%	+4.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.42%	2.00%	+3.42%

TILUX vs. FFNYX - Expense Ratio Comparison

TILUX has a 0.86% expense ratio, which is higher than FFNYX's 0.05% expense ratio.

Dividends

TILUX vs. FFNYX - Dividend Comparison

TILUX's dividend yield for the trailing twelve months is around 3.10%, more than FFNYX's 0.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
TILUX Morgan Stanley Pathway Funds Inflation-Linked Fixed Income Fund	3.10%	2.92%	3.72%	1.77%	16.54%	9.24%	2.28%	2.27%	3.45%	3.01%	2.97%

Frequently Asked Questions

Can I hold both TILUX and FFNYX in my portfolio?

TILUX 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.