CPI vs. STIP
Compare and contrast key facts about IQ Real Return ETF (CPI) and iShares 0-5 Year TIPS Bond ETF (STIP).
CPI and STIP 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. STIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Dec 1, 2010. Both CPI and STIP 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 STIP.
Key characteristics
| CPI | STIP |
|---|
Correlation
The correlation between CPI and STIP is 0.24, 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. STIP - 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. STIP - Expense Ratio Comparison
CPI has a 0.38% expense ratio, which is higher than STIP's 0.06% expense ratio.
Risk-Adjusted Performance
CPI vs. STIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Real Return ETF (CPI) and iShares 0-5 Year TIPS Bond ETF (STIP). 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. STIP - Dividend Comparison
CPI has not paid dividends to shareholders, while STIP's dividend yield for the trailing twelve months is around 2.18%.
| 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% |
STIP iShares 0-5 Year TIPS Bond ETF | 2.18% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% | 0.00% | 0.74% | 0.31% |
Drawdowns
CPI vs. STIP - Drawdown Comparison
Volatility
CPI vs. STIP - Volatility Comparison
The current volatility for IQ Real Return ETF (CPI) is 0.00%, while iShares 0-5 Year TIPS Bond ETF (STIP) has a volatility of 0.61%. This indicates that CPI experiences smaller price fluctuations and is considered to be less risky than STIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.