TIPZ vs. FIPDX
Compare and contrast key facts about PIMCO Broad US TIPS Index ETF (TIPZ) and Fidelity Inflation-Protected Bond Index Fund (FIPDX).
TIPZ is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US Inflation-Linked Treasury. It was launched on Sep 3, 2009. FIPDX is managed by Fidelity. It was launched on May 16, 2012.
Performance
TIPZ vs. FIPDX - Performance Comparison
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TIPZ vs. FIPDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIPZ PIMCO Broad US TIPS Index ETF | 1.47% | 5.87% | 1.52% | 3.37% | -12.67% | 5.48% | 10.98% | 8.64% | -1.65% | 3.12% |
FIPDX Fidelity Inflation-Protected Bond Index Fund | 0.33% | 6.90% | 2.00% | 3.77% | -12.09% | 5.94% | 10.90% | 8.32% | -1.37% | 2.98% |
Returns By Period
In the year-to-date period, TIPZ achieves a 1.47% return, which is significantly higher than FIPDX's 0.33% return. Over the past 10 years, TIPZ has underperformed FIPDX with an annualized return of 2.40%, while FIPDX has yielded a comparatively higher 2.58% annualized return.
TIPZ
- 1D
- 0.08%
- 1M
- -1.41%
- YTD
- 1.47%
- 6M
- 0.35%
- 1Y
- 2.98%
- 3Y*
- 2.97%
- 5Y*
- 1.07%
- 10Y*
- 2.40%
FIPDX
- 1D
- 0.55%
- 1M
- -1.40%
- YTD
- 0.33%
- 6M
- 0.37%
- 1Y
- 2.97%
- 3Y*
- 3.15%
- 5Y*
- 1.44%
- 10Y*
- 2.58%
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TIPZ vs. FIPDX - Expense Ratio Comparison
TIPZ has a 0.20% 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%.
Return for Risk
TIPZ vs. FIPDX — Risk / Return Rank
TIPZ
FIPDX
TIPZ vs. FIPDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Broad US TIPS Index ETF (TIPZ) 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.
| TIPZ | FIPDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.65 | 0.83 | -0.18 |
Sortino ratioReturn per unit of downside risk | 0.90 | 1.17 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.15 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.37 | -0.18 |
Martin ratioReturn relative to average drawdown | 3.44 | 4.30 | -0.86 |
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
| TIPZ | FIPDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.83 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.24 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.48 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.40 | +0.12 |
Correlation
The correlation between TIPZ and FIPDX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TIPZ vs. FIPDX - Dividend Comparison
TIPZ's dividend yield for the trailing twelve months is around 4.44%, more than FIPDX's 4.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIPZ PIMCO Broad US TIPS Index ETF | 4.44% | 4.74% | 4.44% | 4.69% | 7.14% | 4.41% | 1.47% | 1.65% | 2.23% | 1.70% | 1.06% | 0.56% |
FIPDX Fidelity Inflation-Protected Bond Index Fund | 4.16% | 4.18% | 3.75% | 3.56% | 8.87% | 4.76% | 1.24% | 1.97% | 2.26% | 1.29% | 1.34% | 0.38% |
Drawdowns
TIPZ vs. FIPDX - Drawdown Comparison
The maximum TIPZ drawdown since its inception was -15.77%, which is greater than FIPDX's maximum drawdown of -14.32%. Use the drawdown chart below to compare losses from any high point for TIPZ and FIPDX.
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Drawdown Indicators
| TIPZ | FIPDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.77% | -14.32% | -1.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -2.90% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -15.77% | -14.32% | -1.45% |
Max Drawdown (10Y)Largest decline over 10 years | -15.77% | -14.32% | -1.45% |
Current DrawdownCurrent decline from peak | -2.51% | -1.40% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -4.52% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.92% | +0.07% |
Volatility
TIPZ vs. FIPDX - Volatility Comparison
PIMCO Broad US TIPS Index ETF (TIPZ) has a higher volatility of 1.45% compared to Fidelity Inflation-Protected Bond Index Fund (FIPDX) at 1.37%. This indicates that TIPZ's price experiences larger fluctuations and is considered to be riskier than FIPDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIPZ | FIPDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.37% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 2.35% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.60% | 4.13% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 5.99% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 5.38% | +0.48% |