TIP vs. FDIVX
TIP (iShares TIPS Bond ETF) and FDIVX (Fidelity Diversified International Fund) are both funds - TIP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index, while FDIVX is a Foreign Large Cap Equities fund managed by Fidelity. Over the past 10 years, TIP returned 2.45%/yr vs 8.80%/yr for FDIVX. At a correlation of -0.00, they often move in opposite directions. TIP charges 0.18%/yr vs 1.01%/yr for FDIVX.
Performance
TIP vs. FDIVX - Performance Comparison
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Returns By Period
In the year-to-date period, TIP achieves a 0.95% return, which is significantly lower than FDIVX's 7.71% return. Over the past 10 years, TIP has underperformed FDIVX with an annualized return of 2.45%, while FDIVX has yielded a comparatively higher 8.80% annualized return.
TIP
- 1D
- -0.11%
- 1M
- -0.90%
- YTD
- 0.95%
- 6M
- 0.97%
- 1Y
- 4.81%
- 3Y*
- 3.70%
- 5Y*
- 0.88%
- 10Y*
- 2.45%
FDIVX
- 1D
- -3.73%
- 1M
- -1.89%
- YTD
- 7.71%
- 6M
- 9.86%
- 1Y
- 17.46%
- 3Y*
- 15.46%
- 5Y*
- 6.71%
- 10Y*
- 8.80%
TIP vs. FDIVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIP iShares TIPS Bond ETF | 0.95% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
FDIVX Fidelity Diversified International Fund | 7.71% | 27.75% | 6.54% | 17.74% | -23.86% | 12.79% | 18.91% | 29.72% | -15.31% | 25.31% |
Correlation
The correlation between TIP and FDIVX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2003 | -0.00 |
The correlation between TIP and FDIVX shifts across timeframes, from -0.00 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TIP vs. FDIVX — Risk / Return Rank
TIP
FDIVX
TIP vs. FDIVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TIPS Bond ETF (TIP) and Fidelity Diversified International Fund (FDIVX). 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.
| TIP | FDIVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.19 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 1.45 | +1.00 |
| Martin ratioReturn relative to average drawdown | 7.37 | 5.65 | +1.71 |
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
| TIP | FDIVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.04 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.39 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.52 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.49 | +0.08 |
Drawdowns
TIP vs. FDIVX - Drawdown Comparison
The maximum TIP drawdown since its inception was -14.57%, smaller than the maximum FDIVX drawdown of -60.61%. Use the drawdown chart below to compare losses from any high point for TIP and FDIVX.
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Drawdown Indicators
| TIP | FDIVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.57% | -60.61% | +46.04% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -12.38% | +10.40% |
Max Drawdown (3Y)Largest decline over 3 years | -4.54% | -14.63% | +10.09% |
Max Drawdown (5Y)Largest decline over 5 years | -14.51% | -35.60% | +21.09% |
Max Drawdown (10Y)Largest decline over 10 years | -14.51% | -35.60% | +21.09% |
Current DrawdownCurrent decline from peak | -0.90% | -3.73% | +2.83% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -11.67% | +8.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 3.17% | -2.52% |
Volatility
TIP vs. FDIVX - Volatility Comparison
The current volatility for iShares TIPS Bond ETF (TIP) is 1.01%, while Fidelity Diversified International Fund (FDIVX) has a volatility of 6.31%. This indicates that TIP experiences smaller price fluctuations and is considered to be less risky than FDIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIP | FDIVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 6.31% | -5.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 14.73% | -12.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 17.24% | -13.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.21% | 17.19% | -10.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.74% | 17.02% | -11.28% |
TIP vs. FDIVX - Expense Ratio Comparison
TIP has a 0.18% expense ratio, which is lower than FDIVX's 1.01% expense ratio.
Dividends
TIP vs. FDIVX - Dividend Comparison
TIP's dividend yield for the trailing twelve months is around 3.78%, less than FDIVX's 9.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIVX Fidelity Diversified International Fund | 9.92% | 10.69% | 3.93% | 4.29% | 1.34% | 10.59% | 0.97% | 1.32% | 7.32% | 4.22% | 1.36% | 0.46% |
TIP iShares TIPS Bond ETF | 3.78% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
Frequently Asked Questions
TIP and FDIVX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDIVX has higher volatility (6.31%) compared to TIP (1.01%). In terms of maximum drawdown, TIP dropped -14.57% vs FDIVX's -60.61%.
TIP currently has the higher Sharpe Ratio (1.43 vs 1.04), 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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