BSR vs. CPII

Last updated Aug 1, 2026

BSR (Beacon Selective Risk ETF) and CPII (American Beacon Ionic Inflation Protection ETF) are both exchange-traded funds - BSR is a Tactical Allocation fund tracking the NONE, while CPII is a Inflation-Protected Bonds fund actively managed by American Beacon. BSR is passively managed, while CPII is actively managed. Over the past 3 years, BSR returned 5.83%/yr vs 4.03%/yr for CPII. Their -0.13 correlation means they have often moved in opposite directions in the past. BSR charges 1.10%/yr vs 0.74%/yr for CPII.

Performance

BSR vs. CPII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Beacon Selective Risk ETF (BSR) and American Beacon Ionic Inflation Protection ETF (CPII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSR achieves a 2.28% return, which is significantly lower than CPII's 2.87% return.

BSR

• 1D: 0.46%
• 1M: -0.59%
• 6M: -1.03%
• YTD: 2.28%
• 1Y: 7.86%
• 3Y*: 5.83%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.14%

CPII

• 1D: -0.16%
• 1M: -0.11%
• 6M: 1.90%
• YTD: 2.87%
• 1Y: 2.81%
• 3Y*: 4.03%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.54%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BSR Beacon Selective Risk ETF	$62.80K	$47.57K	$82.93K
CPII American Beacon Ionic Inflation Protection ETF	$7.03K	$4.83K	$26.18K

BSR vs. CPII - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BSR Beacon Selective Risk ETF	2.28%	4.21%	12.44%	4.67%
CPII American Beacon Ionic Inflation Protection ETF	2.87%	2.76%	6.05%	1.69%

Correlation

The correlation between BSR and CPII is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.27
Correlation (3Y) Balances recent behavior with more history.	-0.13
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023	-0.13

The correlation between BSR and CPII shifts across timeframes, from -0.27 (1 year) to -0.13 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BSR vs. CPII — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BSR

BSR Risk / Return Rank: 31
BSR Sharpe Ratio Rank: 32
BSR Sortino Ratio Rank: 30
BSR Omega Ratio Rank: 30
BSR Calmar Ratio Rank: 34
BSR Martin Ratio Rank: 31

CPII

CPII Risk / Return Rank: 36
CPII Sharpe Ratio Rank: 36
CPII Sortino Ratio Rank: 34
CPII Omega Ratio Rank: 35
CPII Calmar Ratio Rank: 39
CPII Martin Ratio Rank: 34

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BSR vs. CPII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Beacon Selective Risk ETF (BSR) and American Beacon Ionic Inflation Protection ETF (CPII). 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.

	BSR	CPII	Difference
Sharpe ratio: Return per unit of total volatility	0.79	0.89	-0.10
Sortino ratio: Return per unit of downside risk	1.13	1.29	-0.16
Omega ratio: Gain probability vs. loss probability	1.14	1.17	-0.03
Calmar ratio: Return relative to maximum drawdown	1.16	1.38	-0.21
Martin ratio: Return relative to average drawdown	2.78	3.32	-0.54

BSR vs. CPII - Sharpe Ratio Comparison

The current BSR Sharpe Ratio is 0.79, which is comparable to the CPII Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of BSR and CPII, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BSR vs. CPII - Drawdown Comparison

The maximum BSR drawdown since its inception was -15.68%, which is greater than CPII's maximum drawdown of -6.40%. Use the drawdown chart below to compare losses from any high point for BSR and CPII.

Drawdown Indicators

	BSR	CPII	Difference
Max Drawdown Largest peak-to-trough decline	-15.68%	-6.40%	-9.28%
Max Drawdown (1Y) Largest decline over 1 year	-6.15%	-2.13%	-4.02%
Max Drawdown (3Y) Largest decline over 3 years	-15.68%	-4.39%	-11.29%
Current Drawdown Current decline from peak	-5.45%	-1.74%	-3.71%
Average Drawdown Average peak-to-trough decline	-4.60%	-1.61%	-2.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	0.88%	+1.68%

Volatility

BSR vs. CPII - Volatility Comparison

Beacon Selective Risk ETF (BSR) has a higher volatility of 2.97% compared to American Beacon Ionic Inflation Protection ETF (CPII) at 0.95%. This indicates that BSR's price experiences larger fluctuations and is considered to be riskier than CPII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSR	CPII	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	0.95%	+2.02%
Volatility (6M) Calculated over the trailing 6-month period	6.64%	2.95%	+3.69%
Volatility (1Y) Calculated over the trailing 1-year period	9.08%	3.34%	+5.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.99%	5.84%	+10.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.99%	5.84%	+10.15%

BSR vs. CPII - Expense Ratio Comparison

BSR has a 1.10% expense ratio, which is higher than CPII's 0.74% expense ratio.

Dividends

BSR vs. CPII - Dividend Comparison

BSR's dividend yield for the trailing twelve months is around 2.83%, less than CPII's 4.65% yield.

Position	TTM	2025	2024	2023	2022
BSR Beacon Selective Risk ETF	2.83%	2.89%	0.89%	1.08%	0.00%
CPII American Beacon Ionic Inflation Protection ETF	4.65%	4.20%	5.47%	5.86%	2.21%

Frequently Asked Questions

Can I hold both BSR and CPII in my portfolio?

BSR and CPII have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSR or CPII?

BSR has higher volatility (2.97%) compared to CPII (0.95%). In terms of maximum drawdown, BSR dropped -15.68% vs CPII's -6.40%.

Which ETF is better, BSR or CPII?

On 3-year performance, BSR leads with 5.83% vs 4.03% for CPII. On fees, CPII is cheaper at 0.74% per year. On volatility, CPII has been the lower-risk option at 0.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSR or CPII?

Over the 3-year period, BSR has performed better with a 5.83% return vs 4.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSR or CPII?

CPII is cheaper with a 0.74% expense ratio, compared with 1.10% for BSR.

Which ETF pays a higher dividend yield, BSR or CPII?

CPII has the higher dividend yield at 4.65%, compared with 2.83% for BSR.

What is the main difference between BSR and CPII?

BSR is categorized as Tactical Allocation, while CPII is Inflation-Protected Bonds. Their fees differ too: 1.10% for BSR and 0.74% for CPII.

Which has better risk-adjusted returns?

CPII currently has the higher Sharpe Ratio (0.89 vs 0.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.