Ionic Inflation Protection ETF (CPII) belongs to the Inflation-Protected Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CPII. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CPII
CPII charges 0.74% annually. There are 33 ETFs in the Inflation-Protected Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab U.S. TIPS ETF | 0.03% | 16.06B | Aug 2010 | CPII vs SCHP | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.03% | 70.50B | Oct 2012 | CPII vs VTIP | |
| Vanguard Total Inflation-Protected Securities ETF | 0.05% | 148.10M | Jul 2025 | CPII vs VTP | |
| iShares 0-5 Year TIPS Bond ETF | 0.06% | 15.90B | Dec 2010 | CPII vs STIP | |
| Invesco PureBeta 0-5 Yr US TIPS ETF | 0.07% | 70.90M | Sep 2017 | CPII vs PBTP |
Best Risk-Adjusted Alternatives to CPII
CPII has a PortfoliosLab risk / return rank of 26. There are 23 ETFs in the Inflation-Protected Bonds category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | 98 | 85.97M | Sep 2023 | CPII vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | 97 | 136.66M | Feb 2025 | CPII vs RBIL | |
| iShares iBonds Oct 2027 Term TIPS ETF | 95 | 115.32M | Sep 2023 | CPII vs IBID | |
| iShares iBonds Oct 2028 Term TIPS ETF | 86 | 153.63M | Sep 2023 | CPII vs IBIE | |
| iShares 0-5 Year TIPS Bond ETF | 85 | 15.90B | Dec 2010 | CPII vs STIP |
Top Performing CPII Alternatives (YTD)
CPII is at 2.76% YTD. No ETFs in the Inflation-Protected Bonds category have higher YTD returns; the top-performing alternatives shown here go as high as 2.48%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| iShares 0-1 Year TIPS Bond ETF | 2.48% | 12.61M | Nov 2025 | CPII vs ICPI | |
| iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 85.97M | Sep 2023 | CPII vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | 2.32% | 136.66M | Feb 2025 | CPII vs RBIL | |
| SPDR FTSE International Government Inflation-Prote... | 2.25% | 521.68M | Mar 2008 | CPII vs WIP | |
| iShares iBonds Oct 2027 Term TIPS ETF | 1.94% | 115.32M | Sep 2023 | CPII vs IBID |
Lowest Volatility Alternatives to CPII
CPII has 3.42% 1-year volatility. There are 21 ETFs in the Inflation-Protected Bonds category with lower 1-year volatility, going as low as 0.89%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | 0.89% | 85.97M | Sep 2023 | CPII vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | 0.95% | 136.66M | Feb 2025 | CPII vs RBIL | |
| iShares 0-1 Year TIPS Bond ETF | 0.96% | 12.61M | Nov 2025 | CPII vs ICPI | |
| iShares iBonds Oct 2027 Term TIPS ETF | 1.23% | 115.32M | Sep 2023 | CPII vs IBID | |
| iShares 0-5 Year TIPS Bond ETF | 1.53% | 15.90B | Dec 2010 | CPII vs STIP |
Lowest Drawdown Alternatives to CPII
CPII has a 1-year max drawdown of -1.85%. There are 16 ETFs in the Inflation-Protected Bonds category with shallower 1-year drawdowns, going as shallow as -0.27%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.27% | 85.97M | Sep 2023 | CPII vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.52% | 136.66M | Feb 2025 | CPII vs RBIL | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.55% | 115.32M | Sep 2023 | CPII vs IBID | |
| iShares iBonds 1-5 Year TIPS Ladder ETF | -0.60% | 21.95M | Nov 2024 | CPII vs LDRI | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.71% | 70.50B | Oct 2012 | CPII vs VTIP |
Often Compared With CPII
Investors most often compare CPII with BIL, XLP, RISR. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare CPII with Any Fund or Stock
Compare CPII with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CPII with funds that move differently
Ionic Inflation Protection ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CPII.
Explore CPII Diversifiers