CPI vs. BND
Compare and contrast key facts about IQ Real Return ETF (CPI) and Vanguard Total Bond Market ETF (BND).
CPI and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CPI is a passively managed fund by New York Life that tracks the performance of the IQ Real Return Index. It was launched on Oct 27, 2009. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007. Both CPI and BND are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CPI or BND.
Key characteristics
| CPI | BND |
|---|
Correlation
The correlation between CPI and BND is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CPI vs. BND - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CPI vs. BND - Expense Ratio Comparison
CPI has a 0.38% expense ratio, which is higher than BND's 0.03% expense ratio.
Risk-Adjusted Performance
CPI vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Real Return ETF (CPI) and Vanguard Total Bond Market ETF (BND). 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.
Dividends
CPI vs. BND - Dividend Comparison
CPI has not paid dividends to shareholders, while BND's dividend yield for the trailing twelve months is around 3.38%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPI IQ Real Return ETF | 1.38% | 2.49% | 3.36% | 0.38% | 0.99% | 2.13% | 1.31% | 1.07% | 0.00% | 0.00% | 0.01% | 0.01% |
BND Vanguard Total Bond Market ETF | 3.38% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
CPI vs. BND - Drawdown Comparison
Volatility
CPI vs. BND - Volatility Comparison
The current volatility for IQ Real Return ETF (CPI) is 0.00%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.95%. This indicates that CPI experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.