VTAPX vs. FFNYX

Last updated Jun 4, 2026

VTAPX (Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares) and FFNYX (Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund) are both Inflation-Protected Bonds funds. Their correlation of 0.95 suggests significant overlap in exposure. VTAPX charges 0.06%/yr vs 0.05%/yr for FFNYX.

Performance

VTAPX vs. FFNYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) 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

VTAPX

• 1D: 0.00%
• 1M: 0.04%
• YTD: 2.05%
• 6M: 2.04%
• 1Y: 4.69%
• 3Y*: 5.23%
• 5Y*: 3.38%
• 10Y*: 3.13%

FFNYX

• 1D: 0.00%
• 1M: -0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VTAPX vs. FFNYX - Yearly Performance Comparison

	2026 (YTD)
VTAPX Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares	0.99%
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.93%

Correlation

The correlation between VTAPX and FFNYX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 17, 2026	0.95

Return for Risk

VTAPX vs. FFNYX — Risk / Return Rank

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

VTAPX

VTAPX Risk / Return Rank: 94
VTAPX Sharpe Ratio Rank: 91
VTAPX Sortino Ratio Rank: 95
VTAPX Omega Ratio Rank: 90
VTAPX Calmar Ratio Rank: 96
VTAPX Martin Ratio Rank: 97

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.

VTAPX vs. FFNYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) 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.

	VTAPX	FFNYX	Difference
Sharpe ratio: Return per unit of total volatility	3.03	—	—
Sortino ratio: Return per unit of downside risk	5.02	—	—
Omega ratio: Gain probability vs. loss probability	1.65	—	—
Calmar ratio: Return relative to maximum drawdown	6.45	—	—
Martin ratio: Return relative to average drawdown	25.59	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VTAPX	FFNYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.03	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.27	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	2.37	-1.30

Drawdowns

VTAPX vs. FFNYX - Drawdown Comparison

The maximum VTAPX drawdown since its inception was -5.33%, which is greater than FFNYX's maximum drawdown of -0.69%. Use the drawdown chart below to compare losses from any high point for VTAPX and FFNYX.

Drawdown Indicators

	VTAPX	FFNYX	Difference
Max Drawdown Largest peak-to-trough decline	-5.33%	-0.69%	-4.64%
Max Drawdown (1Y) Largest decline over 1 year	-0.72%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-5.33%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-5.33%	—	—
Current Drawdown Current decline from peak	-0.04%	-0.10%	+0.06%
Average Drawdown Average peak-to-trough decline	-1.03%	-0.18%	-0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.18%	—	—

Volatility

Volatility by Period

	VTAPX	FFNYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.52%	1.89%	-0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.67%	1.89%	+0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.23%	1.89%	+0.34%

VTAPX vs. FFNYX - Expense Ratio Comparison

VTAPX has a 0.06% expense ratio, which is higher than FFNYX'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%.

Dividends

VTAPX vs. FFNYX - Dividend Comparison

VTAPX's dividend yield for the trailing twelve months is around 3.55%, 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%
VTAPX Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares	3.55%	3.78%	2.68%	2.84%	6.82%	4.67%	1.19%	1.94%	2.45%	1.52%	0.76%

Frequently Asked Questions

Can I hold both VTAPX and FFNYX in my portfolio?

With a correlation of 0.95, VTAPX and FFNYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.