CPII vs. AHLT

Last updated Aug 2, 2026

CPII (American Beacon Ionic Inflation Protection ETF) and AHLT (American Beacon AHL Trend ETF) are both exchange-traded funds - CPII is a Inflation-Protected Bonds fund actively managed by American Beacon, while AHLT is a Systematic Trend fund actively managed by American Beacon. Both are actively managed. Over the past year, CPII returned 2.81% vs 37.31% for AHLT. Their 0.25 correlation means their historical movements had little consistent relationship. CPII charges 0.74%/yr vs 0.95%/yr for AHLT.

Performance

CPII vs. AHLT - Performance Comparison

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

Returns By Period

In the year-to-date period, CPII achieves a 2.87% return, which is significantly lower than AHLT's 10.23% return.

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%

AHLT

• 1D: 1.32%
• 1M: 1.33%
• 6M: 2.37%
• YTD: 10.23%
• 1Y: 37.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.99%

*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)
AHLT American Beacon AHL Trend ETF	$1.71M	$924.06K	$2.01M
CPII American Beacon Ionic Inflation Protection ETF	$7.03K	$4.83K	$26.18K

CPII vs. AHLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CPII American Beacon Ionic Inflation Protection ETF	2.87%	2.76%	6.05%	0.20%
AHLT American Beacon AHL Trend ETF	10.23%	13.73%	6.08%	-8.42%

Correlation

The correlation between CPII and AHLT is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.07
Correlation (All Time) Calculated using the full available price history since Aug 31, 2023	0.25

The correlation between CPII and AHLT shifts across timeframes, from 0.07 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CPII vs. AHLT — Risk / Return Rank

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

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

AHLT

AHLT Risk / Return Rank: 88
AHLT Sharpe Ratio Rank: 88
AHLT Sortino Ratio Rank: 83
AHLT Omega Ratio Rank: 86
AHLT Calmar Ratio Rank: 95
AHLT Martin Ratio Rank: 87

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.

CPII vs. AHLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon Ionic Inflation Protection ETF (CPII) and American Beacon AHL Trend ETF (AHLT). 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.

	CPII	AHLT	Difference
Sharpe ratio: Return per unit of total volatility	0.89	2.10	-1.21
Sortino ratio: Return per unit of downside risk	1.29	2.70	-1.41
Omega ratio: Gain probability vs. loss probability	1.17	1.38	-0.21
Calmar ratio: Return relative to maximum drawdown	1.38	5.40	-4.03
Martin ratio: Return relative to average drawdown	3.32	12.73	-9.41

CPII vs. AHLT - Sharpe Ratio Comparison

The current CPII Sharpe Ratio is 0.89, which is lower than the AHLT Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of CPII and AHLT, 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

CPII vs. AHLT - Drawdown Comparison

The maximum CPII drawdown since its inception was -6.40%, smaller than the maximum AHLT drawdown of -20.18%. Use the drawdown chart below to compare losses from any high point for CPII and AHLT.

Drawdown Indicators

	CPII	AHLT	Difference
Max Drawdown Largest peak-to-trough decline	-6.40%	-20.18%	+13.78%
Max Drawdown (1Y) Largest decline over 1 year	-2.13%	-6.63%	+4.50%
Max Drawdown (3Y) Largest decline over 3 years	-4.39%	—	—
Current Drawdown Current decline from peak	-1.74%	-2.74%	+1.00%
Average Drawdown Average peak-to-trough decline	-1.61%	-9.05%	+7.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	2.81%	-1.93%

Volatility

CPII vs. AHLT - Volatility Comparison

The current volatility for American Beacon Ionic Inflation Protection ETF (CPII) is 0.95%, while American Beacon AHL Trend ETF (AHLT) has a volatility of 3.43%. This indicates that CPII experiences smaller price fluctuations and is considered to be less risky than AHLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPII	AHLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.95%	3.43%	-2.48%
Volatility (6M) Calculated over the trailing 6-month period	2.95%	11.23%	-8.28%
Volatility (1Y) Calculated over the trailing 1-year period	3.34%	17.07%	-13.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.84%	17.22%	-11.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.84%	17.22%	-11.38%

CPII vs. AHLT - Expense Ratio Comparison

CPII has a 0.74% expense ratio, which is lower than AHLT's 0.95% expense ratio.

Dividends

CPII vs. AHLT - Dividend Comparison

CPII's dividend yield for the trailing twelve months is around 4.65%, more than AHLT's 1.54% yield.

Position	TTM	2025	2024	2023	2022
AHLT American Beacon AHL Trend ETF	1.54%	1.70%	0.00%	3.72%	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 CPII and AHLT in my portfolio?

CPII and AHLT have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CPII or AHLT?

AHLT has higher volatility (3.43%) compared to CPII (0.95%). In terms of maximum drawdown, CPII dropped -6.40% vs AHLT's -20.18%.

Which ETF is better, CPII or AHLT?

On 1-year performance, AHLT leads with 37.31% vs 2.81% 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, CPII or AHLT?

Over the 1-year period, AHLT has performed better with a 37.31% return vs 2.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CPII or AHLT?

CPII is cheaper with a 0.74% expense ratio, compared with 0.95% for AHLT.

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

CPII has the higher dividend yield at 4.65%, compared with 1.54% for AHLT.

What is the main difference between CPII and AHLT?

CPII is categorized as Inflation-Protected Bonds, while AHLT is Systematic Trend. Their fees differ too: 0.74% for CPII and 0.95% for AHLT.

Which has better risk-adjusted returns?

AHLT currently has the higher Sharpe Ratio (2.10 vs 0.89), 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.