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USD=X vs. FIPDX
Performance
Return for Risk
Drawdowns
Volatility

USD=X vs. FIPDX

Last updated Jun 15, 2026

USD=X (USD Cash) is a currency, while FIPDX (Fidelity Inflation-Protected Bond Index Fund) is Inflation-Protected Bonds fund tracking the Bloomberg US Treasury Inflation-Protected Securities Index. Over the past 10 years, USD=X returned 0.00%/yr vs 2.58%/yr for FIPDX.

Performance

USD=X vs. FIPDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USD Cash (USD=X) and Fidelity Inflation-Protected Bond Index Fund (FIPDX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

USD=X

1D
0.00%
1M
0.00%
YTD
0.00%
6M
0.00%
1Y
0.00%
3Y*
0.00%
5Y*
0.00%
10Y*
0.00%

FIPDX

1D
0.33%
1M
0.33%
YTD
1.33%
6M
1.44%
1Y
4.89%
3Y*
3.97%
5Y*
1.05%
10Y*
2.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

USD=X vs. FIPDX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
USD=X
USD Cash		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FIPDX
Fidelity Inflation-Protected Bond Index Fund		1.33%6.90%2.00%3.77%-12.09%5.94%10.90%8.32%-1.37%2.98%

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USD Cash

Fidelity Inflation-Protected Bond Index Fund

Often compared with USD=X:
USD=X vs. UUPUSD=X vs. EUR=XUSD=X vs. XRP-USDUSD=X vs. BTC-USDUSD=X vs. QQQUSD=X vs. TSLAUSD=X vs. USDX
Often compared with FIPDX:
FIPDX vs. TIPFIPDX vs. SCHPFIPDX vs. VTAPXFIPDX vs. FTBFXFIPDX vs. BNDFIPDX vs. FUMBXFIPDX vs. FXAIX

Return for Risk

USD=X vs. FIPDX — Risk / Return Rank

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

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

FIPDX
FIPDX Risk / Return Rank: 4949
Overall Rank
FIPDX Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
FIPDX Sortino Ratio Rank: 4747
Sortino Ratio Rank
FIPDX Omega Ratio Rank: 4242
Omega Ratio Rank
FIPDX Calmar Ratio Rank: 6868
Calmar Ratio Rank
FIPDX Martin Ratio Rank: 4343
Martin Ratio Rank
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.

USD=X vs. FIPDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD Cash (USD=X) 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.

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.

USD=XFIPDXDifference
Sharpe ratioReturn per unit of total volatility

—

1.50

—

Sortino ratioReturn per unit of downside risk

—

2.26

—

Omega ratioGain probability vs. loss probability

—

1.27

—

Calmar ratioReturn relative to maximum drawdown

—

2.59

—

Martin ratioReturn relative to average drawdown

—

7.58

—

USD=X vs. FIPDX - Sharpe Ratio Comparison

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Drawdowns

USD=X vs. FIPDX - Drawdown Comparison

The maximum USD=X drawdown since its inception was 0.00%, smaller than the maximum FIPDX drawdown of -14.32%. Use the drawdown chart below to compare losses from any high point for USD=X and FIPDX.

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Drawdown Indicators

USD=XFIPDXDifference

Max Drawdown

Largest peak-to-trough decline

0.00%

-14.32%

+14.32%

Max Drawdown (1Y)

Largest decline over 1 year

0.00%

-1.94%

+1.94%

Max Drawdown (3Y)

Largest decline over 3 years

0.00%

-4.49%

+4.49%

Max Drawdown (5Y)

Largest decline over 5 years

0.00%

-14.32%

+14.32%

Max Drawdown (10Y)

Largest decline over 10 years

0.00%

-14.32%

+14.32%

Current Drawdown

Current decline from peak

0.00%

-0.43%

+0.43%

Average Drawdown

Average peak-to-trough decline

0.00%

-4.46%

+4.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.00%

0.66%

-0.66%

Volatility

USD=X vs. FIPDX - Volatility Comparison

The current volatility for USD Cash (USD=X) is 0.00%, while Fidelity Inflation-Protected Bond Index Fund (FIPDX) has a volatility of 1.08%. This indicates that USD=X experiences smaller price fluctuations and is considered to be less risky 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

USD=XFIPDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.00%

1.08%

-1.08%

Volatility (6M)

Calculated over the trailing 6-month period

0.00%

2.34%

-2.34%

Volatility (1Y)

Calculated over the trailing 1-year period

0.00%

3.36%

-3.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.00%

5.97%

-5.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.00%

5.37%

-5.37%

Frequently Asked Questions

FIPDX has higher volatility (1.08%) compared to USD=X (0.00%). In terms of maximum drawdown, USD=X dropped 0.00% vs FIPDX's -14.32%.

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