TIP vs. FIPDX
Compare and contrast key facts about iShares TIPS Bond ETF (TIP) and Fidelity Inflation-Protected Bond Index Fund (FIPDX).
TIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Dec 4, 2003. FIPDX is managed by Fidelity. It was launched on May 16, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TIP or FIPDX.
Correlation
The correlation between TIP and FIPDX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TIP vs. FIPDX - Performance Comparison
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Key characteristics
TIP:
1.12
FIPDX:
1.12
TIP:
1.50
FIPDX:
1.57
TIP:
1.19
FIPDX:
1.20
TIP:
0.51
FIPDX:
0.54
TIP:
3.27
FIPDX:
3.33
TIP:
1.58%
FIPDX:
1.59%
TIP:
4.74%
FIPDX:
4.74%
TIP:
-14.56%
FIPDX:
-14.29%
TIP:
-5.16%
FIPDX:
-4.80%
Returns By Period
In the year-to-date period, TIP achieves a 2.97% return, which is significantly higher than FIPDX's 2.82% return. Over the past 10 years, TIP has outperformed FIPDX with an annualized return of 2.26%, while FIPDX has yielded a comparatively lower 1.61% annualized return.
TIP
2.97%
0.97%
2.26%
5.30%
1.32%
2.26%
FIPDX
2.82%
1.11%
2.18%
5.28%
1.28%
1.61%
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TIP vs. FIPDX - Expense Ratio Comparison
TIP has a 0.19% expense ratio, which is higher than FIPDX's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
TIP vs. FIPDX — Risk-Adjusted Performance Rank
TIP
FIPDX
TIP vs. FIPDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TIPS Bond ETF (TIP) and Fidelity Inflation-Protected Bond Index Fund (FIPDX). 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.
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Dividends
TIP vs. FIPDX - Dividend Comparison
TIP's dividend yield for the trailing twelve months is around 2.92%, less than FIPDX's 3.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIP iShares TIPS Bond ETF | 2.92% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% |
FIPDX Fidelity Inflation-Protected Bond Index Fund | 3.83% | 3.75% | 3.59% | 8.87% | 4.76% | 0.24% | 0.41% | 0.39% | 0.09% | 0.08% | 0.11% | 1.10% |
Drawdowns
TIP vs. FIPDX - Drawdown Comparison
The maximum TIP drawdown since its inception was -14.56%, roughly equal to the maximum FIPDX drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for TIP and FIPDX. For additional features, visit the drawdowns tool.
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Volatility
TIP vs. FIPDX - Volatility Comparison
iShares TIPS Bond ETF (TIP) and Fidelity Inflation-Protected Bond Index Fund (FIPDX) have volatilities of 1.64% and 1.68%, 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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